MARC HASENFUSS: Paying peanuts for Caxton

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Caxton looks a slam-dunk buy opportunity given the ridiculous gap between its NAV and its share price, writes MarcHasenfuss.

One of the big tennis tournaments played out over the weekend, with the new generation coming strongly to the fore. Personally, my old bones had more at stake in the local league, where I was in the invidious position of facing off against my old club, Fish Hoek.

It’s not easy playing on familiar turf against good friends and former partners, some of whom I still engage with in weekly fourballs and a few glasses of shiraz. They tend to know my dink-drop-lob game backwards ... which was evident in some strenuous smash practice during the warm-up. Can’t say there was much love lost on court. ..

Source: News Formal (newsformal.com)

 

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