Installux: Switching Cost Competitive Advantage from France

Installux Aluminum is a French aluminum profile system provider. It's undervalued because it seems to have switching cost competitive advantage, average growth prospects and price tag that doesn't seem to be outrageous. Key figures (MEUR, rolling 12m) Revenue 116 EBITDA 15.6 EBIT 12.0 EBIT after tax 8.0 Market cap 100 Net debt -25 EV 75 EV/EBITDA 4.8 …

Drunk Uncles (and philosophy behind my investment strategy)

Reader sent me a question relating to my "secondary industrials" based investment strategy. I have mentioned it in my "About" page but not opened the reasons behind it. With (slightly edited) answer to the readers question below I try to give some clarity : "We too in the Nordics have very little preference shares and …