GiuGiu

An open forum on investment theory, italian food and coffee

[GiuGiu @GiuGiust]

@LDiscernment Haw may be completely clean. The business may be exactly what it looks like. But trust in management isn’t just about the CEO — it’s about the entire governance ecosystem.

[GiuGiu @GiuGiust]

It’s not about his absence it’s about the culture of the board and the company. What can we trust

The largest shareholder, sitting as chairman, allegedly ran a parallel scheme tipping nine people around the company’s most sensitive events. That doesn’t happen in a vacuum. It reflects a board that was never truly independent, where insider control was absolute and accountability was minimal.
So what do you now re-examine? Every acquisition multiple, every maintenance vs growth capex classification, every working capital presentation. Not because fraud is confirmed — but because the person setting the tone at the top was apparently comfortable operating outside the rules when it suited him.

[GiuGiu @GiuGiust]

@SimeonResearch_ @BetterIRR @Uzocapital Posts on https://t.co/KEILus7b8M in 2027 will all be like “the thing I learned from this investment is that if high level board members are untrustworthy then the investment thesis collapses.” No! You already knew that. You chose to ignore it !

[GiuGiu @GiuGiust]

@SimeonResearch_ @BetterIRR @Uzocapital Yeah I think this is not being treated with the respect in deserved. Tells you about the culture and it’s not positive

[GiuGiu @GiuGiust]

@investingdpark Bull market lessons can be dangerous lessons Sustainable competitive advantage does a lot of heavy lifting in this list and in this strategy is truly not there for 90% of these if investors are being honest with themselves.

[GiuGiu @GiuGiust]

@CJ0pp3l_Sub @LeoLilja Debt levels make me nervous here as well They need to take a breather now and pay this down like they have done in the past. A jump in interest rates could freeze the entire aquisition strategy

[GiuGiu @GiuGiust]

@realroseceline Why not just go all in on Servicenow

[GiuGiu @GiuGiust]

@returnoncap What about $shop which is essentially a payment company now.

[GiuGiu @GiuGiust]

@ecommerceshares VIAV is up about 11.7% over the past month, 79.8% over 90 days, and a massive 444.7% over the past year. This was JDS Uniphase

[GiuGiu @GiuGiust]

@mihaljevic Go long the anti bubble. $csu, $brk, $cprt

[GiuGiu @GiuGiust]

@sidecarcap Copart
Heico
Medpace
Topicus
Fairfax financial

[GiuGiu @GiuGiust]

@DustinSobo24717 @BoringBiz_ @GavinSBaker The “demand “

[GiuGiu @GiuGiust]

@joecarlsonshow It’s an infinite game. He could still be right on all counts

[GiuGiu @GiuGiust]

@Mindset4Money_X Saas isn’t missing revenue or earnings targets.

[GiuGiu @GiuGiust]

An episode on Fairfax would be interesting. Especially on why you think the company has fundamentally changed and the narrative that they are only doing well because this is a “insurance hard market “ and not due to any fundamental change in the company which is many people’s view

[GiuGiu @GiuGiust]

@CapexAndChill How is it long term focused to cut and run on logistics and distribution. He talks of the 100 year company but Meli walks the walk

[GiuGiu @GiuGiust]

@MoS_Investing @TimothyBuffett Yeah. What happens when his appendix bursts or he breaks a leg surfing. These rules work only because you got a pile of cash cushion to fall back on. These rules rest of us keep grinding

[GiuGiu @GiuGiust]

@EricBalchunas @TrungTPhan How do you stay belted for random turbulence?

[GiuGiu @GiuGiust]

@DrewCohenMoney Honestly in 20 years of investing this company has almost every red flag for a bad investment and it’s hard to ignore this

[GiuGiu @GiuGiust]

@DrewCohenMoney Prem Watsa thought it was a steal because it was selling at book value. People were thinking that you could not get real work done on an iPhone and that a keyboard was necessary for a serious business device. The app economy was not a thing yet