personal investment blog

FirstGroup – watching with the wolves

FirstGroup – watching with the wolves

21 May 2013

Back on 14 February, when I wrote recommending Go-Ahead Group, I included summaries of my views on the other transport stocks, including this on FirstGroup: At 189p, FirstGroup has a market capitalisation of £911m but an enterprise value of £3357m due to £2446m of net debt (including pension liabilities). Its historic dividend yield of 12.5% tells us that the...