Hi The active investor's search for value never ends, and this week I've taken a look at Whitbread, the UK's leading hospitality business. I've taken my usual approach of looking at the longer-term performance of the company, and used that to gauge the quality of the company and the attractiveness of the price. I hope you find it useful. Whitbread: Are hotels, restaurants and coffee a good investment? I have a pretty simple approach to investing; look for good companies at good prices. It’s not exactly rocket science, but it does require looking at the bigger picture, and the guts to back your own opinion over the market’s.... Read this article now >> As always I'm happy to answer any questions or comments you may have. You can reply to this email, get in touch online, or add a comment to any article on the web site. Yours sincerely  John Kingham
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