Andy
@evfcfaddict.bsky.social
In the end, investing is all about valuation. Get 20% discount for the best valuation tool: https://www.koyfin.com/affiliate/koyfin-with-friends/?via=evfcfaddict
Worldwide (mainly large cap) valuations, no bargains, only US overvalued.
May 7, 2025 at 7:56 AM
Worldwide (mainly large cap) valuations, no bargains, only US overvalued.
The Mountain is you is a book that answers many questions I used to ask myself. Personal stuff but also why people here are afraid of stocks while Americans are not.
In the US they grow up with it while kids here are raised with stocks as dangerous (backed by media and politics)
In the US they grow up with it while kids here are raised with stocks as dangerous (backed by media and politics)
May 6, 2025 at 6:38 PM
The Mountain is you is a book that answers many questions I used to ask myself. Personal stuff but also why people here are afraid of stocks while Americans are not.
In the US they grow up with it while kids here are raised with stocks as dangerous (backed by media and politics)
In the US they grow up with it while kids here are raised with stocks as dangerous (backed by media and politics)
ok more like 7,2x according to someone who knows the company and the reported language very well.
April 15, 2025 at 7:44 PM
ok more like 7,2x according to someone who knows the company and the reported language very well.
Looks like recession incoming in the US to me. Still the most expensive market with the worst administration ever. Hard to justify these multiples.
April 14, 2025 at 7:27 PM
Looks like recession incoming in the US to me. Still the most expensive market with the worst administration ever. Hard to justify these multiples.
That’s a statement from $FTLF Q4 press release. Uncertainty leads to temp lower new investments and that usually leads to a recession.
Most US valuations are too rich for that scenario.
My last US holding is $BRKR-lots of revs from abroad and no dependency on the US customer.
Most US valuations are too rich for that scenario.
My last US holding is $BRKR-lots of revs from abroad and no dependency on the US customer.
March 27, 2025 at 4:42 PM
That’s a statement from $FTLF Q4 press release. Uncertainty leads to temp lower new investments and that usually leads to a recession.
Most US valuations are too rich for that scenario.
My last US holding is $BRKR-lots of revs from abroad and no dependency on the US customer.
Most US valuations are too rich for that scenario.
My last US holding is $BRKR-lots of revs from abroad and no dependency on the US customer.
This is a very interesting market reaction on the announcement that the company will soon be the leader in a growing, high margin business. Looking more than 2 quarters into the future isn’t mr. markets thing atm. I got time.
March 25, 2025 at 4:59 PM
This is a very interesting market reaction on the announcement that the company will soon be the leader in a growing, high margin business. Looking more than 2 quarters into the future isn’t mr. markets thing atm. I got time.
100% Made in Austria 🇦🇹 Lunch (Gösser owned by $HEIA but still produced here ;))
March 22, 2025 at 10:55 AM
100% Made in Austria 🇦🇹 Lunch (Gösser owned by $HEIA but still produced here ;))
1/2
Doing the rough maths helps to reduce the cases you need to dig deeper. Let’s take $ISC.TO as an example. They are mediocre capital allocators so I would leave the exit multiple where it stays now at ~5,5x ev/ebitda. The graph looks promising but let’s translate it into
Doing the rough maths helps to reduce the cases you need to dig deeper. Let’s take $ISC.TO as an example. They are mediocre capital allocators so I would leave the exit multiple where it stays now at ~5,5x ev/ebitda. The graph looks promising but let’s translate it into
March 22, 2025 at 10:04 AM
1/2
Doing the rough maths helps to reduce the cases you need to dig deeper. Let’s take $ISC.TO as an example. They are mediocre capital allocators so I would leave the exit multiple where it stays now at ~5,5x ev/ebitda. The graph looks promising but let’s translate it into
Doing the rough maths helps to reduce the cases you need to dig deeper. Let’s take $ISC.TO as an example. They are mediocre capital allocators so I would leave the exit multiple where it stays now at ~5,5x ev/ebitda. The graph looks promising but let’s translate it into
So we got 3 ponds to fish. The one with the most fishes that are on average even better quality is the one with the - by far - least fishermen.
I wonder which pond you would choose…
I wonder which pond you would choose…
March 19, 2025 at 6:44 PM
So we got 3 ponds to fish. The one with the most fishes that are on average even better quality is the one with the - by far - least fishermen.
I wonder which pond you would choose…
I wonder which pond you would choose…
Who doesn’t know the world famous American champagne business…
March 13, 2025 at 1:55 PM
Who doesn’t know the world famous American champagne business…
Eric Sturdza Silver Stars february fund letter with an excellent overview what just happened concerning europe vs. us valuation and rotation.
March 11, 2025 at 2:39 PM
Eric Sturdza Silver Stars february fund letter with an excellent overview what just happened concerning europe vs. us valuation and rotation.
Speciality chemicals are an interesting sector with deep moats. The last years were pretty hard for SC companies with too much inventory built by their clients. The worst seems def. behind us. Interesting you still get $AZE.BR for a (adj. for temporary higher wc) DD FCF Yield.
March 10, 2025 at 12:19 PM
Speciality chemicals are an interesting sector with deep moats. The last years were pretty hard for SC companies with too much inventory built by their clients. The worst seems def. behind us. Interesting you still get $AZE.BR for a (adj. for temporary higher wc) DD FCF Yield.
„The best ones in every profession are the ones who love what they do - the love for the game.“
Absolutely wonderful 55 minutes with Ralf Rangnick, the best coach we ever had.
🇦🇹
Absolutely wonderful 55 minutes with Ralf Rangnick, the best coach we ever had.
🇦🇹
March 5, 2025 at 2:00 PM
„The best ones in every profession are the ones who love what they do - the love for the game.“
Absolutely wonderful 55 minutes with Ralf Rangnick, the best coach we ever had.
🇦🇹
Absolutely wonderful 55 minutes with Ralf Rangnick, the best coach we ever had.
🇦🇹
Meeting a friend who manages a 460m€ fund tomorrow. He knows his portfolio companies very well. Here are his top 10 - if you have any questions on them, just ask in the comments and I will provide his answers tomorrow.
February 25, 2025 at 6:04 PM
Meeting a friend who manages a 460m€ fund tomorrow. He knows his portfolio companies very well. Here are his top 10 - if you have any questions on them, just ask in the comments and I will provide his answers tomorrow.
Glad there is another pub and so many of my friends are already here. Would love to see some of you tonight, not finally decided if it’s the last dance…will true bluecast in the next weeks and we have to bring more friends over, it’s a nice place, like it used to be over there in the early days.
February 24, 2025 at 9:49 AM
Glad there is another pub and so many of my friends are already here. Would love to see some of you tonight, not finally decided if it’s the last dance…will true bluecast in the next weeks and we have to bring more friends over, it’s a nice place, like it used to be over there in the early days.
Luka is a laker - with 42 I‘m gonna buy my first basketball jersey.
February 4, 2025 at 5:56 PM
Luka is a laker - with 42 I‘m gonna buy my first basketball jersey.
Trifast $TRI.L-another Rockwood (activist) idea:
- RW first bought in early 2023 with "~100% upside in 3-5 yrs" by getting margins back up
- Nick (RW) got a board seat in 2023
- GM went up lately
- stock flat for 2 yrs
- massive buying last days by Nick/RW
- ev/fcf 2026e ~5
- RW first bought in early 2023 with "~100% upside in 3-5 yrs" by getting margins back up
- Nick (RW) got a board seat in 2023
- GM went up lately
- stock flat for 2 yrs
- massive buying last days by Nick/RW
- ev/fcf 2026e ~5
January 30, 2025 at 3:24 PM
Trifast $TRI.L-another Rockwood (activist) idea:
- RW first bought in early 2023 with "~100% upside in 3-5 yrs" by getting margins back up
- Nick (RW) got a board seat in 2023
- GM went up lately
- stock flat for 2 yrs
- massive buying last days by Nick/RW
- ev/fcf 2026e ~5
- RW first bought in early 2023 with "~100% upside in 3-5 yrs" by getting margins back up
- Nick (RW) got a board seat in 2023
- GM went up lately
- stock flat for 2 yrs
- massive buying last days by Nick/RW
- ev/fcf 2026e ~5
„It is said that the darkest hour of the night comes just before the dawn.”
In Q4 everyone told me Europe is uninvestable…
In Q4 everyone told me Europe is uninvestable…
January 21, 2025 at 3:23 PM
„It is said that the darkest hour of the night comes just before the dawn.”
In Q4 everyone told me Europe is uninvestable…
In Q4 everyone told me Europe is uninvestable…
How can something (pretty) healthy taste so heavenly good…$KRI.AT
January 19, 2025 at 7:38 AM
How can something (pretty) healthy taste so heavenly good…$KRI.AT
There are lots of people with a great 2024 performance. To perform long term it isn’t enough to pick great stocks, you need a mindset like @finance_schmidt 👏
January 1, 2025 at 11:21 AM
There are lots of people with a great 2024 performance. To perform long term it isn’t enough to pick great stocks, you need a mindset like @finance_schmidt 👏
Enjoying the last hours of 2024…
December 31, 2024 at 1:07 PM
Enjoying the last hours of 2024…
I‘m dreaming of a white christmas, the first one in a lot of years…
December 18, 2024 at 4:43 PM
I‘m dreaming of a white christmas, the first one in a lot of years…