Great work, cook up that PARA update! One of the most twisted stories I've invested in, curious about your insights here. Personally, adopting a similar approach -- will do my best not to get shaken out along the ride (unless there's a red flag like a confirmed plan to heavily dilute)
I've been following your newsletter since my sophomore year of college, and I can't express enough how valuable it has been to my market journey. Your analysis has been instrumental in teaching me how to properly analyze companies. You've opened my eyes to the fact that there's value in unexpected places and have encouraged me to look at companies I would have never considered before. It's fascinating how you've helped transform my perspective on finance and investments - I never thought I'd pursue a career in this field, but after exploring various majors and internships, I find myself fully immersed in it, largely thanks to your influence. The recent Alico report particularly resonated with me as a Florida native. Your analysis of the citrus industry in my home state was not only interesting but also gave me a new appreciation for local industries I hadn't considered from an investment standpoint before.
Thank you for consistently providing such insightful and educational content. Your newsletter has truly help shape my professional path and continues to enhance my ability to mentally model investment scenarios. Keep up the fantastic work!
Woww. I seriously don't know how to properly respond to this. And I don't think I've ever received a more amazing comment on my blog. I wish you all the luck in your professional career. Thank you!!
High quality write-ups and appreciate the links to prior pieces when you don't have anything incremental. I didn't get through them all yet, and no position currently (except PARA) but I will look into this more. Thank you!
Out of curiosity - I don't have a position, but read yours and other write-ups on the company; "the latter was an error in my analysis" - what do you consider your error in analysing Card Factory?
Thanks for the link! I could follow the train of thought, and nice you could exit with a gain.
(After posting this I've realised you actually had the link to the Twitter post in this very Substack post -_- ... ah well. Let's just say that I've never been the brightest candle on the cake.)
Great work, cook up that PARA update! One of the most twisted stories I've invested in, curious about your insights here. Personally, adopting a similar approach -- will do my best not to get shaken out along the ride (unless there's a red flag like a confirmed plan to heavily dilute)
Looks like we just got a confirmed plan to heavy dilute
I've been following your newsletter since my sophomore year of college, and I can't express enough how valuable it has been to my market journey. Your analysis has been instrumental in teaching me how to properly analyze companies. You've opened my eyes to the fact that there's value in unexpected places and have encouraged me to look at companies I would have never considered before. It's fascinating how you've helped transform my perspective on finance and investments - I never thought I'd pursue a career in this field, but after exploring various majors and internships, I find myself fully immersed in it, largely thanks to your influence. The recent Alico report particularly resonated with me as a Florida native. Your analysis of the citrus industry in my home state was not only interesting but also gave me a new appreciation for local industries I hadn't considered from an investment standpoint before.
Thank you for consistently providing such insightful and educational content. Your newsletter has truly help shape my professional path and continues to enhance my ability to mentally model investment scenarios. Keep up the fantastic work!
Woww. I seriously don't know how to properly respond to this. And I don't think I've ever received a more amazing comment on my blog. I wish you all the luck in your professional career. Thank you!!
I find RCS interesting, I had a look and could not find the breakdown between digital and print media revenue. where is that?
Hi Olivier. They don't break it down detailed enough. But they always mention digital revenue as a % of total in their filings
Holy Moly that is some serious concentration! Good luck Sir🫡
I've gotten comfortable with being concentrated over the years. Thankss
High quality write-ups and appreciate the links to prior pieces when you don't have anything incremental. I didn't get through them all yet, and no position currently (except PARA) but I will look into this more. Thank you!
Thanks!
Out of curiosity - I don't have a position, but read yours and other write-ups on the company; "the latter was an error in my analysis" - what do you consider your error in analysing Card Factory?
Hey. I posted my thought here: https://x.com/david_katunaric/status/1795400689314681176
Thanks for the link! I could follow the train of thought, and nice you could exit with a gain.
(After posting this I've realised you actually had the link to the Twitter post in this very Substack post -_- ... ah well. Let's just say that I've never been the brightest candle on the cake.)
Great writing - and for what it’s worth, would love reading a PARA update
Thank you! We'll see because you are the first one haha