Looking at the current return on capital profiles for the GCC countries, a few things become abundantly clear: 1) overall GCC aggregate return on capital (7.5%) is now firmly below the blended cost of capital (7.7%), suggesting that based on the latest quarter performance, the GCC in aggregate is generating negative economic value-added, 2) withContinue reading “GCC SOE Dominance: Misalignment of Incentives and Economic Value Destruction”
Category Archives: Country Selection
Iraq – Tragedy to Catharsis?
Note to Readers: For a better viewing of charts, please right click the chart image and open as a new window to view in full resolution. “Iraq reminds me of a classic Shakespearean tragedy – whenever you think things just can’t get any worse, the plot surprises you by taking yet another major step down.”Continue reading “Iraq – Tragedy to Catharsis?”
If we viewed a country through the prism of a publicly listed company – would you invest in its stock?
Note to Readers: For a better viewing of charts, please right click the chart image and open as a new window to view in full resolution. At Jadara Capital Partners, when investing across emerging and frontier markets, we spend as much time analyzing countries as we do analyzing sectors and companies. In emerging market investing,Continue reading “If we viewed a country through the prism of a publicly listed company – would you invest in its stock?”
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