To The Moon

By buying an index fund, you can roughly match the market return with ease. But if you pick the right individual stocks, you could make more than that. For example, the Yangzijiang Shipbuilding Ltd. share price is up 63% in the last three years, clearly besting the market return of around 8.1% . However, more recent returns haven't been as impressive as that, with the stock returning just 27% in the last year , including dividends .Since it's been a strong week for Yangzijiang Shipbuilding shareholders, let's have a look at trend of the longer term fundamentals.It's good to see that Yangzijiang Shipbuilding has rewarded shareholders with a total shareholder return of 27% in the last twelve months. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 22%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock,

$(PARA)$ $(DIS)$ BET was valued at $2.7 billion when it was acquired by Viacom in 2000 (Now rebranded as Paramount), a hefty $38/sub and more than 21x cash flow. However, it is unlikely to fetch anywhere near that in this environment.In the 2000’s, cable networks typically changed hands in the range of 14-20x cash flow, or Earnings Before Interest, Depreciation, Taxes and Amortization (EBITDA). Up until 2017, they continued to trade in the low to middle double digits. Since then, double digit deals have been rare (a notable exception being Walt DisneyDIS Company’s $36 billion acquisition of the 21st Century Fox cable networks at more than 15x cash flow in 2019).