Tiefgehende Value-Investing-Analysen eines deutschen Investors – auf Englisch. Einzelwerte, Spezialsituationen und Anlagestrategie.
vor 20 Std.
Rocket Internet Post Mortem Last week I mentioned in the comments on the blog and on Twix that I got some “bad vibes” and decided to liquidate my Rocket Internet position even before the planned SpaceX IPO next week. There were overall 3 things that kind of spooked me and let me to take the profit…
vor 1 Woche
EVS Broadcast Let’s start with the most disappointing update first: EVS Broadcast got slammed down after their Q1 trading statement: I think three items spooked investors, including myself: First, after confirming the guidance, both in the CEO and CFO statement, the press release suddenly contains…
vor 2 Wochen
DISCLAIMER: This is not Investment advice. PLEASE DO YOUR OWN RESEARCH !!!! A lot has happened since I published my Rocket Internet write-up from the end of January. Just as a refresher: I found Rocket Internet interesting, despite some Governance issues as the “sum of the part” value was…
vor 2 Wochen
DISCLAIMER: This is not investment advice. PLEASE DO YOUR OWN RESEARCH Two weeks ago, I posted a short note on my portfolio company DCC which received a bid from KKR and a partner at 58 GBP per share, which I considered as too low. Yesterday, not too surprisingly, Bloomberg and Reuters published a…
vor 3 Wochen
DISCLAIMER: This is not investment advice. PLEASE DO YOUR OWN RESEARCH !!! Summary In this update post, I look at two of my French stock positions, STEF SA and Gerard Perrier. For STEF, I reduced my position by 1% of the portfolio because of problems with the integration of newly acquired…
vor 3 Wochen
Ben Evans argues that OpenAI/ChatGPT has not developed a great business model (yet) A good rule of thumb to avoid AI slob: “Old” blogs/substacks usually don’t use AI to write, new blogs most likely do Some interesting stats on the K-shaped economy in the US Interesting research note from Panmure on…
vor 4 Wochen
The Sector Stories Substack with the final post on Flavors & Fragrances including a lot of useful KPIs. According to this report from the recent Beijing Auto Show, the rest of the Carmaking World should be really worried A nice post on why aiming lower in your portfolio CAGR might be a good thing…
vor 4 Wochen
This year, after a 7 year break, I once again went to the US to attend the Berkshire AGM. Just for clarification: I don’t own Berkshire shares and unfortunately never did because I always thought that they were too expensive. Attendance:As mentioned elsewhere, attendance was clearly lower than in…
vor 4 Wochen
Disclaimer: This is not investment advice. PLEASE DO YOUR OWN RESEARCH !!!!! DCC is an investment I made back in December 2022. The investment thesis back then was that it was a successful compounder/serial acquirer that had the opportunity to grow further through its 3 platforms (Energy,…
vor 1 Monat
Disclaimer: This is not investment advice. PLEASE DO YOUR OWN RESEARCH !!! Bachem is a 5 bn CHF market cap Swiss listed pharmaceutical/specialty chemical company which is the global market leader in the (outsourcing of) manufacturing of Polypeptide, a complex molecule and Active Pharmaceutical…
