BKGFY - Berkeley Group: An Excellent Opportunity For Long-Term Value Investors
This report was written by Lars Christian Haugen and Roshni Patel.
Executive Summary
In this report we analyze Berkeley Group, a property development company based in England, using the four tenets that Warren Buffett uses to evaluate companies.
Berkeley has several competitive advantages, and is operating in an industry with favorable long-term prospects. Their highly rational management team has consistently produced strong results over the last 10+ years.
Financially, they are outperforming their competitors based on key figures such as return on equity ((ROE)) and operating margin. Moreover, their free cash flow is strong and