This is another book that I have been waiting for to read for some time. Jim Simons is maybe not a household name in investing, but his Renaissance Technology fund (Rentech) has clearly on of the best track record of any investment vehicle in recorded history. However, other than some other famous investors, Rentech was (and still is) so secretive that hardly anyone had a clue how he/they did it.
As I am making good progress, I included this time 25 stocks. The first 100 are done, another 700 or so to go 😉
Nr. 76: Uniwheels AG – ISIN DE000A13STW4
Uniwheels is a 800 mn EUR market cap car supplier. Interestingly the German company floated its shares in Poland in 2015. Their main products are aluminium rims / wheels for cars. In 2017, the founders of Uniwheels sold their majority to US based Superior. Maybe a squeeze out opportunity, but I know little on how this works in Poland. “Pass”
Nr 77: Foris AG
Health and safety warning: This is not investment advice. Please do your own research !!!!!
Following my book review of “Super Pumped” a few days ago I felt motivated (or “pumped up”) to look a little bit into Uber as a stock.
Uber is interesting in my opinion for a couple of reasons:
- They really disrupted the taxi market with their app and even managed to create a new verb “Ubering”.
- They managed to earn a dominent market share in many countries in a short time
- In the markets where they failed, they ended up with significant stakes in the leading players (Chine/Didi. Russia/Yandex, SE Asia Grab)
- The stock is extremely controversial
- the lock-up for old investors has just expired
- the stock price has been tanking for some time now
- the company is not easy to understand
Interesting view on the “streaming wars”: It is not a “winner takes it all” game (Netflix, Disney)
The finance industry is increasingly using SPVs to trade hot startups Pre-IPO (Search result)
Gread “post mortem” on Restaurant Group Plc by John Kingham
A very critical view on online advertising
AQR/Cliff Asness thinks it is time to “tilt” towards “value stocks”
November update from Stock Spin-off Investing
Norway proves that there is still a lot of oil left in the North Sea
This time, I increased the number of shares per post to 15. I am making good progress with the underlying analysis so I guess it makes sense to speed up the series somewhat.
Nr. 60: Ludwig Beck AG
Barely profitable retailer with a 110 mn market cap. However “super prime” freehold property in my hometown Munich. The in 2015 acquired retail chain Wormland has been put in run off and led to significant losses in 2018 and 2019. “Pass”
Nr. 61: S&O Agrar AG – ISIN: DE0005236202
Another Biogas penny stock, “pass”
Nr. 62: Cybits AG – ISIN: DE0007240004
Bankrupt penny stock. “Pass”.
Nr. 63: Data Modul AG – ISIN: DE0005498901