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For Scott- Hutchison Whampoa: Now for the fat-cow years
Our friend and frequent contributor Scott has frequently noted interest in Hutchison Whampoa. Here's a current article from The Economist which examines that company.
Hutchison - to me - is an exceptional collection of assets worldwide, from telecom to Canadian oil to ports all around the world to health and beauty retail (second largest health/beauty retail company in the world.) I don't really think about the stock much day-to-day and was pleasantly surprised to get a rather large special dividend the other day after the company decided to return cash to shareholders after selling a portion of their AS Watson retail chain to Singapore's sovereign wealth fund.
Hutchison is a rather volatile company - moreso over time than similar conglomerate Jardine Matheson - but a highly compelling fund-like (the article compares it to a giant private equity fund) entity. It's a long-term holding for me. Like Jardine, it trades slightly above book value.
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Hutchison - to me - is an exceptional collection of assets worldwide, from telecom to Canadian oil to ports all around the world to health and beauty retail (second largest health/beauty retail company in the world.) I don't really think about the stock much day-to-day and was pleasantly surprised to get a rather large special dividend the other day after the company decided to return cash to shareholders after selling a portion of their AS Watson retail chain to Singapore's sovereign wealth fund.
Hutchison is a rather volatile company - moreso over time than similar conglomerate Jardine Matheson - but a highly compelling fund-like (the article compares it to a giant private equity fund) entity. It's a long-term holding for me. Like Jardine, it trades slightly above book value.