“The Fund” is in short an absolute tear-down of both, the legendary Macro Hedge Fund Bridgewater and its equally famous founder Ray Dalio. There is an old saying that you don’ want to know how the sausage is made and in this case this is more than fitting to what happened behind the scenes at Bridgewater.
Freshly motivated by Rob Vinall’s kind reference, let’s kiss more frogs in the Norwegian share market to see if we find a princess or two.. I expanded the amount of randomly selected companies to 20 per post as this allows me to finish the serieswith 4 posts overall. This time only two stocks made it on the preliminary watch list. Enjoy.
196. Reach Subsea
Reach Subsea is a 95 mn EUR market cap marine service company that seems to concentrate on “subsea services”, such as pipeline expections, reservoir monitoring etc. As far as I undestand, these services are mostly geared towards the oil and gas industry.
The stock has performed very well since a near death experience early 2020 and has made 5x since then:
Disclaimer: This is not investment advice. PLEASE DO YOUR OWN RESEARCH !!!
Expectation management: If you like either/or: super cheap companies / high margins / capital light / short term catalysts / recurring revenue / low earning volatility / High dividends / share buy backs / companies with products in the supermarket → THIS IS NOT FOR YOU.
Elevator pitch:
DEME, a Belgian Marine Engineering Group, is a contrarian, secular growth /mean reversion story. Current results are noisy, but growth, especially in offshore wind installation is intact and accelerating. A combination of strong growth and improving margins could lead to a tripling of EPS over the next 5 years.
value and opportunity 