RouletteCap

[RouletteCap @RouletteCap69]

@PythiaR Clearly very interesting at that price
Keep in mind Management was doing buybacks at 1200 and they don't do buybacks unless they see 20% 5y IRR on the shares

[RouletteCap @RouletteCap69]

@invest091 But yeah seems we have the same conclusion, just laid out differently ;)
Not sure how they're goning to bounce back, and whether Berkshire still owns it (always have wondered why they bought it)

[RouletteCap @RouletteCap69]

@invest091 Ebit to GP sorry
Good examples of that are Fastenal (obviously) and specialty chem distributors (Azelis, IMCD as the listed ones) who are trying to find ways to price on top of their COGS

[RouletteCap @RouletteCap69]

@invest091 ...price increases higher than what your suppliers are giving you)
Because at the end of the day, what matters is being able to increase that ebit to go conversion margin
Hope I'm a bit clearer

[RouletteCap @RouletteCap69]

@Imaginary888 @BigDick_Rick420 @NUCLRGOLF @AP Pretty long flight already
Then not sure, but there must be no alternatives

[RouletteCap @RouletteCap69]

@BigDick_Rick420 @Imaginary888 @NUCLRGOLF @AP Commitment = he pauses his career for 2 years
What don't you get then?

[RouletteCap @RouletteCap69]

@invest091 That's the reason why I am really not a fan of the business

[RouletteCap @RouletteCap69]

@invest091 Debatable. When I say pricing power, what I mean is: ability to consistently price above cost Inflation
They priced just at CPI, and initially expected 1-2% for 26
Vs CPI at c3% in 25 and labour Inflation above 3%
Assuming labour is potentially 60% of their cost base below GP

[RouletteCap @RouletteCap69]

@rich_toad @PythiaR @heartof_thesea Not only units, prices were up terribly over 2022-23
Means they have no volume growth, no pricing power, when inflation shoots up, not good for margins

[RouletteCap @RouletteCap69]

@Cheazyrider @utdmax0 Ajax is Ajax Amsterdam
PSV is PSV Eindhoven
And Sparta is Sparta Prague?

[RouletteCap @RouletteCap69]

@luwiizzzz @Thefool1312_ J'ai un frère dyslexique, il écrit pas comme ça et il fait des efforts
+ regarde les signes de la dyslexie stp
C'est surtout un manque de respect envers les dyslexiques qui font de vrais efforts d'utiliser cette excuse a tort et à travers

[RouletteCap @RouletteCap69]

@luwiizzzz @Thefool1312_ Encore une fois relis mon message, il y a faire une faute d'emploi comme le s ici a l'impératif, et utiliser le verbe pouvoir au lieu d'"un peu"
Qui plus est dans un contexte pro

[RouletteCap @RouletteCap69]

@bigskaald @Thefool1312_ Encore une fois, tu supposes
Mon msg était clair, rien de compliqué à comprendre
Si tu penses pas que la personne a qui je répondais peut bénéficier d'aide, on voit juste pas les choses de la même manière

[RouletteCap @RouletteCap69]

@bigskaald @Thefool1312_ A l'ouest complet
A défaut de lui dire de s'acheter un cerveau, je lui conseille d'utiliser des outils de correction
Quand l'outil lui aura corrig�� la même erreur plusieurs fois elle comprendra sûrement et fera plus l'erreur

[RouletteCap @RouletteCap69]

@daylightsXD @RGrosjean @CanalplusF1 @F1 It was in french but yes

[RouletteCap @RouletteCap69]

@train_nomad Bonjour, aucun impact sur la ligne Rouen Paris passant par Vernon?

[RouletteCap @RouletteCap69]

@PythiaR @dumpstercap you just described the use case...

[RouletteCap @RouletteCap69]

@NUCLRGOLF A gimme means he can just stuff it easy and it's to gain time
If he has an issue with no gimme, means he doubt about putting it