Paradox Interactive AB - $PDX
Paradox is a developer and publisher of strategy games, with many famous legacy games. In this episode, I explain some of the nuances behind gaming accounting, and the short-comings of traditional acc...
3 Okt 20258min
Generic AB H12025 review and valuation update
Quick recap of the solid company performance from Generic in H1, despite poor stock performance. A valuation update at the end. Disclaimer, this is not financial advice. An investment carries severe r...
11 Sep 20257min
Betsson AB - $BETS-B.ST
Betsson AB is an established player within the online gambling sector, led by a supreme capital allocator in the owner-operator Pontus Lindwall. It trades at a market cap of 22 billion SEK, or approxi...
10 Sep 20259min
Medistim H12025 review and valuation update
A quick recap of the strong performance of Medistim in H1 2025, and a valuation update.
5 Sep 20253min
Value investing trap 1 - Working capital
Some companies always seems to trade at a low multiple. Charlie Munger hates that kind of business.In this episode I go through the working capital cycle of a product company, and explain why they des...
13 Aug 20258min
Evolution AB - $EVO - En route towards multiple expansion
Investors seems to be missing the forest for the trees. Short term noise have built an impression that Evolution deserves to trade at 12 times earnings. But remember, the P/E multiple is not only a co...
11 Aug 20257min
Bahnhof AB - $BAHN
A growing and stable internet service provider from Sweden. The company is founder-led with extreme earnings stability for such a small company.The company is setting up for international expansion af...
6 Aug 20257min
Bergman & Beving AB - $BERG
One cannot simply compare a swedish serial acquirer to another. They own vastly different assets, corresponding in vastly different expectations for organic growth. Furthermore, some companies has a p...
10 Jul 20256min
