My first issue of Tail investing is out! The first issue is about NIBE, producer of heat pumps and other heating solutions. NIBE was acquired by management and two outside investors in 1989.
@TidefallCapital What do you think of the competition? FWA seem close to capacity without additional capex so should lessen. Fiber overbuild is 50-60% and subscriber losses are manageable. Arguably competition lessen as fiber overbuild goes from 60% to 70% vs 10% to 20%
$INT made up SEK640m out of SEK644m in revenue. The company was clearly more or less made up with no orders and little assets. Questions is, where did the ~SEK180m raised go? Can all of it be explained with acquisitions and operational costs?
@gilmourkh And he’s made clear if he started today he’d go back to flipping the modern alternative to moody manuals. Don’t copy a strategy built on constraints you don’t have.
Not good.
A nation of mere 300,000 people with hundreds of billions of dollars has done a cunning job of spreading divisive ideology to weaken superpowers (US, UK + beyond)
then uses it's "diplomatic" power as currency to quell conflicts it creates
Evil genius stuff
$PUM Puma's inventory continues to build despite write-downs, and payables are barely down year-over-year on absolute figures, despite lower purchasing - likely due to more reverse factoring, which boosts cash flow and understates the debt. I don't know who's buying here.
The only segment $ELUX beat estimates is the US, which was likely boosted by tariff pull-in. Pair that with "a larger seasonal build-up of receivables compared to previous year and a relatively high level of inventory."