The always excellent Valuesque blog with some insights on how to manipulate round EPS numbers
A great list of attributes from A16Z on how to analyze market place businesses
The epic Semper Augustus annual letter (128 pages…)
Another AirBnB scam, this time in London
Very interesting deep dive why most AI (startup) companies are mostly not software companies but service businesses
The art of defining EBITDA for tech companies
Yetanothervalueblog with a deep dive into Wrestling (WWE)
At the moment I can keep the weekly frequency for this series. This time, the random generator only included 2 stocks that in my opinion are worth “watching” but some of the stocks covered have interesting histories.
301. Lotto24 AG
Lotto24 is providing online access to Germany’s state lottery. With a market cap of 353 mn, investors get a run rate of 5mn Profit. The high market cap is mostly a result of a successful take-over event of Zeal Group, which now seems to own 93% of the shares. a “pass” for me.
302. WCM Beteiligungs- und Grundbesitz Aktiengesellschaft
Undervalued Shares has a great feature about the “Klement on Investing” blog
FTAlphaville is not impressed by Uber’s plans for profitability
Valuesque with another interesting “accounting deep dive”, this time on Northgate Plc
2019 letter to shareholdersof TGV Intrinsic (incl. TomTom write-up)
The Annual letter 2019 of Tyro Capital includes some great stuff on stock picking
Bruce Packard on the current “Quant winter”
A great deep dive into the risks and opportunities for Spotify
The next 25 stocks. 4 of them made it onto my watch list.
276. Sporttotal AG
Sporttotal is the rebranded “Wige Media” company that changed its name in 2017 and has a market cap of around 20 mn EUR. The positive effect of the rebranding however didn’t last that long if we look at the stock chart.
A short thesis for Dunkin Brands
A very interesting article on US fast food franchises and what Chick- fil-A does differently
The UK Value Investor with a “post mortem” of his Aggreko position
ZephyrDatabase with the next installment of its All Belgian Share project
The 2019 annual report of the TGV Truffle fund
Some interesting technical observations on Tesla’s short interest
Now this imakes an interesting pair: Paul Singer’s Elliott goes activist on Masa Son’s Softbank
This week there are as always a couple of “zombies”, some hyped real estate companies but also some interesting watch candidates and two former portfolio companies. Enjoy !!
251. Atoss Software AG
Atoss is a 620 mn market cap Enterprise Software company specializing in HR software solutions. As many Software companies, the stock has performed very well over the past few years:
Interesting write-up on Honda as an investment opportunity
A good collection of Spin-off related links
Undervalued Shares has a super interesting story on the Channel Islandsand its stock exchange
Great deck from Benedict Evans on Tech in the 2020s (and regulation)
A pitch for Booking.com (and the Google Monster)
Valuesque with an interesting post on the issue of maturing inventory (Diageo etc,:)
