Nomadic Compounding

Long-only small / micro cap investor

[PIK26 @PaidInKind26]

$LEAT Q4 2025 Earnings Update. Link in bio along with my initial write-up. Overall, a solid quarter.

[Nomadic Compounding @NomadicCompound]

@F_Compounders @grok summarize this article

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@ChudCap @SleepwellCap @HiddenGemsInves Where is your chart from? This is index of secondary rolex pricing and it seems to be bottoming in March

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@HiddenGemsInves @Investy_ Rolex sells watch to wosg for 10K
Wosg sells for 13K
Wosg needs to sell watch to customer for 16.1K (incremental 3.1K is from 31% tariff * initial 10K purchase price)

So a 31% tariff on the initial sale to WOSG would require a 23.8% customer price increase increase in price no?

[Nomadic Compounding @NomadicCompound]

@FLinvestor_ The opposite should happen as the mix shifts to software. Net revenue growth will be depressed so gross billings will be a better proxy for revenue growth

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@alexeliasson @japanstockfeed Do they report dollar gross retention rate?

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@SinensisNotes @realLigerCub Can you share a link to the video? I don’t see it

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@RodAlzmann And then is it right to interpret that new watch UK volumes are recovering? I saw data that it was down 40% you in Dec 2023 but that the 1H24 it was only down about a percent yoy

[Nomadic Compounding @NomadicCompound]

@RodAlzmann Can you talk about your view on the state of the watch market? I see that secondary pricing have down a bit

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@FundamentalGoob @Billhuang1223 IR said ROIC / payback period between the two are comparable

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@RodAlzmann I’m also writing up wosg. Want to chat over DM?

[Nomadic Compounding @NomadicCompound]

@acidinvestments Where did you see the estimate for 2030 Rolex production?

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@BrentBeshore @jeff_gramm Will be there!

[Nomadic Compounding @NomadicCompound]

@JackDuffley are you doing another meetup this year?

[Nomadic Compounding @NomadicCompound]

@CompTortoise Have you looked at Nippon Sanso at all? $4091 JP

[Nomadic Compounding @NomadicCompound]

@CompTortoise Any writeups on Linde or any of the other industrial gas distributors you recommend?

[Nomadic Compounding @NomadicCompound]

@peter_bent76107 @SleepwellCap Do you follow wosg? Want to chat

[Nomadic Compounding @NomadicCompound]

@Bucketshop_Bill @PaulAndreola want to compare notes on $KUT?

[Nomadic Compounding @NomadicCompound]

@AKWilk Anyone look into $KUT and want to compare notes?