CAFOM: Corporate restructuring special situation

CAFOM is the largest electronics and furniture retailer in France’s overseas islands in Caribbean (“Outre-Mer"). It's operator of BUT furniture and DARTY electronics brands under franchise agreements. It also has 59% ownership in growing and profitable online only furniture retailer operating across Europe (“Vente-Unique”). Main owners are long time entrepreneurs. They have excellent track in … Continue reading CAFOM: Corporate restructuring special situation

Investment journal 17.10.2019: Telia LT Q3 update & exit

Quite disappointed. Revenue is up quite a bit, 3,5 % ex. voice. But this has come with cost of margin. Gross margin was 57,6% vs. 61% %ish average before that. I was expecting profit growth but due to discounting it's really not materializing. EBT has been declining for 4 quarters in a row. My thesis … Continue reading Investment journal 17.10.2019: Telia LT Q3 update & exit