How long can a company survive with zero revenue? The COVID-19 crisis has forced governments to restrict movement so restaurants, hotels and travel companies are faced with a grim scenario where revenue drops to zero. The cyclical companies in my portfolio such as China Aviation Oil, TripAdvisor and HRNet are vulnerable but I subjected all … Continue reading Zero sales test
Category: Mastercard
Mastercard: Paying up for growth
Mastercard is one of the largest positions in my portfolio so I'm using this market correction to add the stock to my scorecard. This write-up will be shorter than usual because I think the investment case for Mastercard is simple. MasterCard is the world's second largest payment network in the world (Visa is the world's … Continue reading Mastercard: Paying up for growth
