Thomas Westerholm

Sell-side analyst @Inderes. Focus on Nordic equities. All posts investing related.

[Thomas Westerholm @ThomasWesterhol]

European consumer goods companies are struggling with weak macro, but sauna and wellness doesn’t seem to care about it. Harvia just dropped an all-time record quarter. €58.6M revenue, +18% in constant currencies. Secular trends are a friend when facing cyclical headwinds $HARVIA

[Thomas Westerholm @ThomasWesterhol]

@ValueByMarkus Personally, I still prefer increasingly asset light hotel operators like $HLT and $MAR here while online travel agencies like $ABNB and $BKNG are navigating the potentially disruptive threat of generative AI and local regulatory headwinds.

[Thomas Westerholm @ThomasWesterhol]

The US hotel market gets to breathe a sigh of relief thanks to its heavy reliance on domestic demand.
Despite an HSD drop in foreign arrivals you can’t really see a dent in hotel REVPARs. In Europe, this would be a whole different story.

[Thomas Westerholm @ThomasWesterhol]

@ValueByMarkus Surely so. From a resource utilization perspective short term rentals seems like a great value prop providing income from underutilized assets which would support further adaptation over time.

[Thomas Westerholm @ThomasWesterhol]

@JariValtanen Heikentyneen ostovoiman takia olen yhtiön kasvutrackin suhteen armollinen vuosien 22-23 osalta, mutta valitettavasti painuneesta arvostustasosta huolimatta osakkeen tuotot jäävät pidemmän päälle laihoiksi ilman kestävää kasvua. 2/2

[Thomas Westerholm @ThomasWesterhol]

@JariValtanen Ymmärrän hyvin näkökulman ja mielestäni kasvu (tai sen puute) on selvästi ollut pörssitaipaleen selkein heikkous. Kun lähes 80 % myynnistä tulee Pohjoismaista, jossa markkinaosuus on jo vahva, on vaan pirun vaikea kasvaa vastavirtaan markkinaan nähden. 1/2

[Nicklas Andersson @Investeraren]

Dags för #Uppesittarkväll denna afton 🥳🙌 Vi gästas av omtyckta @MRKN_Helene samt @ThomasWesterhol som ska prata 🇫🇮 Rapala för oss fiskeintresserade och sist men inte minst Jörgen Wärmlöv på @SpiltanFonder som ska prata om globala investmentbolag. Bänka dig i soffan kl. 20.00 🔥 #PrataPengar #Finanstwitter https://t.co/rWtS5NWmVN

[Thomas Westerholm @ThomasWesterhol]

@aktiealbin Kommer inte med tomma händer, det kan jag lova. ��

[Thomas Westerholm @ThomasWesterhol]

Kommer att gästa på @uppesittar i kväll för att diskutera vändningsföretaget Rapala. Kul med aktiesnack med de väldigt duktiga @Investeraren, @aktiealbin & @emmavhedman ! $RAP1V

[Uppesittarkväll @uppesittar]

Glöm inte att #Uppesittarkv��ll är tillbaka på onsdag!🤩
Den här månaden gästas programmet av:
- Den omtyckta poddprofilen @MRKN_Helene
- Analytikern @ThomasWesterhol från Inderes
- @SpiltanFonder's egna Jörgen Wärmlöv
Ha en trevlig start på veckan så syns vi snart! 🌟

[Thomas Westerholm @ThomasWesterhol]

While the company is enjoying a strong European defense demand cycle we think that it is not enough to support the extended valuation. For anyone interested in Saab or the European defense category more broadly our 44 page initiation report is openly available at inderes (dot) se

[Thomas Westerholm @ThomasWesterhol]

Another day another step towards democratizing equity research. @Inderes initiated coverage of the defense-technology company Saab.

[Thomas Westerholm @ThomasWesterhol]

I do appreciate when analysts put their necks out and make strong calls. A sell recommendation with a price target of 310 SEK (currently 517 SEK) surely fits that category.

[Thomas Westerholm @ThomasWesterhol]

@hypergrowth102 Druck and Sleep would both make my Mount Rushmore of investors

[Thomas Westerholm @ThomasWesterhol]

@Drizzt91824701 @Floebertus What do you recon the media has misunderstood? I’m not Polish so assessing local attitudes toward Legi gets easily biased depending on the source of info

[Thomas Westerholm @ThomasWesterhol]

@Floebertus What’s your take on these news?

https://t.co/K2qlsCnhGS

[Thomas Westerholm @ThomasWesterhol]

@gaktus2 @NooraKuisma @Omavaraisuus Kiitos maininnasta Aili! 🙏

[Thomas Westerholm @ThomasWesterhol]

It's been a rough 1,5 decades for investors underweighting US equities (yours truly included). At least the dividend yields are getting up there...

[Thomas Westerholm @ThomasWesterhol]

@value_invest12 Good color, thanks!

[Thomas Westerholm @ThomasWesterhol]

@Vernepu Myös rahoitusrakenteella on väliä, kun toinen rahoittaa huhkimisensa huomattavasti velkavetoisemmin