Been digging into RELX recently and wanted to see what others think.
On the plus side, it looks like a very solid business: lots of recurring revenue, strong position in legal/scientific info, good margins, steady cash flow. One thing that stood out to me is LexisNexis Risk being a major data provider for insurers in the US, which feels like a pretty strong moat and hard to replace.
My hesitation is valuation. It doesn’t really screen as “cheap,” and growth isn’t exactly fast, so I’m not sure if it still makes sense as a value entry at current prices.
Would love to hear some thoughts.