The COVID-19 Pandemic continues to adversely affect markets both locally and internationally. The recently concluded earnings season has given us a glimpse of the financial impact on most companies. We at Caribbean Value Investor have continued to assess markets and individual stocks in a bit to identify potentially profitable positions. This edition of CVI Market Insights highlights our opinion on a few feature companies. Please note that the information provided below is not meant to be taken as investment advice nor does it constitute a solicitation or recommendation for the companies discussed. The author of this article may have equity positions in some of the companies mentioned.<\/p>\n
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Grace Kennedy, Kingston Wharves, and Caribbean Cement Company have been seeing a slight recovery over the past few weeks. CCC has stated in a release that they expect the next quarter\u2019s report to show the adverse effects on their business due to the COVID19 pandemic. We are of the opinion that it might be best to hold off adding further exposure to CCC until those results have been released.<\/p>\n
On the other hand, KW in its last report stated that the company is prepared to weather the storm of the pandemic and is sufficiently capitalized for the next 2 years. In effect, they are saying they are prepared to handle a fall-off in business, to us, this is a sign of strength and makes KW a compelling offer at the current price.
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