by Scolopax | May 25, 2025 | REFLECTIONS |
3 weeks after the BRK AGM and 3,500 miles across Nebraska, South Dakota, Montana, Wyoming and Colorado, I’m back home. I had plenty of time to digest the weekend in Omaha. I’ll try to keep it simple and mostly personal as many things have already been...
by Scolopax | Apr 29, 2025 | COMPANY NOTES |
While navigating the waters of the stock market, you sometimes stumble upon oddities, the kind that makes you ask : “Hey am I completely stupid or what ?” That’s exactly the case with Galapagos NV. As you’ll see, the pitch is quite simple and the catalysts are quite...
by Scolopax | Apr 15, 2025 | COMPANY NOTES |
At last… Prada and Capri finally reached an agreement for the sale of Versace last week. It was in the pipe for months. Rumoured price was around 1.6bn$. Well, the tariffs maelstrom we’re still in took its share of the deal in the form of a lower price. Prada...
by Scolopax | Apr 8, 2025 | COMPANY NOTES |
A few weeks ago, British Steel announced it was going to close its last blast furnace in the UK. Why ? “The blast furnaces and steelmaking operations are no longer financially sustainable due to highly challenging market conditions, the imposition of tariffs, and...
by Scolopax | Mar 31, 2025 | REFLECTIONS |
Investing in a new position is often a simple decision to take : you’ve done your research, you pay far less than the value you estimated, and it beats your opportunity cost. Great, you take a position in the stock. But once you’ve taken that decision, the real...
