Nordea sold and questions on conservativeness

Nordea, the one of the biggest banks in Northern Europe, is widely believed to be one of the best banks in the region. One of the reason is that its main owner is Sampo, an insurance company which has one of the best track records of all big financial institutions in Europe if not in …

Doubled down on CAFOM: Quick H1/18 update

Recently, CAFOM, a French electronic, furniture and decoration retail conglomerate that I have position and that I have written investment thesis earlier this year, published its fiscal first half results for 2018, which showed that earnings for continuous operations have improved significantly. The main source of earnings growth for continuous operations was Habitat, a loss …

Ibersol: It’s Okay to change your favorite pizza

Some of you might remember my older writeups and portfolio holding Kotipizza, the biggest national pizza chain in Finland. I have sold my shares few months ago (with about zero gains since the last writeup, not one of my best recommendations...). The reason was that Kotipizza decided to move on multi-concept strategy. I thought it …