Marcellus CCP Webinar – Studying the Holiday Schedule of Consistent Compounders Share Prices

Share prices of CCPs often go on a ‘holiday’ for 12-24 months, delivering weak or no returns. These ‘holiday’ periods of share price are typically uncorrelated with fundamentals because during such periods these companies continue implementing initiatives to enhance the sustainability of their competitive advantages. Once the ‘holiday’ period ends, share prices of CCPs deliver returns to catch up with their fundamentals. Given the disconnect with fundamentals, it is incredibly difficult to time the start and end of these ‘holiday periods’.
Hence, at Marcellus, we stay invested and buy more of these stocks during such periods of share price stagnation. This webinar will highlight examples of companies who have delivered impressive share price growth over the long term, despite their share prices going on ‘holidays’ from time to time.
Nestle, HDFC Bank and HDFC Life are some of the companies in our portfolio which are undergoing a ‘holiday’ period in their share prices over the past 12 months, despite the fundamentals of these companies continuing to surge ahead.
Save the date for our forthcoming CCP webinar where our fund management team will discuss their views on this topic in detail.
We believe in saying it as we see it when it comes to communicating our investment philosophy. Alongside the weekly blogs and the monthly newsletters where we share with you openly our thoughts and beliefs around investments, we would like to help answer any questions on your mind that we may not have addressed in any of our communiques. If you are not receiving our blogs and newsletters, pls write to [email protected] / [email protected] and we shall make sure they reach you.
You can also access all our past blogs, webinars and newsletters on our website www.marcellus.in

This webinar is not intended for any person who is a resident of the United States of America or a resident of a jurisdiction, the laws of which impose prohibition on soliciting the advisory business in that jurisdiction without going through the registration requirements and or prohibit the use of any information or views presented in the webinar . If any person attends this webinar by giving false declaration, he or she shall be solely liable for any adverse consequences suffered, legally as well as financially, pursuant to use of any information or views presented in this webinar.
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