Gamble of the week: An embattled newspaper group

This beleaguered newspaper group is mired in debt, says Phil Oakley. But its ability to generate plenty of cash makes it a buy for the brave.

There are many ways to make money in the stockmarket. But one of the most reliable is to track down and buy decent, quality companies that have had their shares hammered unfairly by the market.

The idea behind this approach known as value investing is that if you can buy a company for less than its fair' value (according to your calculations at least), and you are both patient and stubborn enough to sit on it, then eventually other investors will realise that they've got it wrong and put a much higher valuation on the company.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.