ESLOF - The Imitation Game: Part 3 - Quality Investing Case Studies
Intro
Part 2 focused on applying the framework laid out in Part 1 to an example, FPA's International Value Fund, and showed how the process of screening through Funds' holdings functioned in order for investors to find a handful of investment ideas to add to their watch list.
In Part 3 of this series, I'll analyze two investment ideas from FPA's International Value 3Q17 Commentary: EssilorLuxottica and Ryanair.
EssilorLuxottica
Luxottica and Essilor (ESLOF) (ESLOY) are two fascinating businesses. They satisfy my criteria of high-quality and event-driven names in terms of the recent anti-trust scrutiny around