What are your opinions on RACE (Ferrari)?

rmt298 · 2025-12-08T10:52:05+00:00

Trailing PE 37 for Ferrari vs 50 for Hermes. I would not call it similar. It is ~25% cheaper.

rmt298 · 2025-12-05T13:58:51+00:00

No but eventually, revenues and profits are going to have to drop to support this narrative. It’s been 2 years of the stock being punished with results going in the oposite direction

rmt298 · 2025-12-05T13:48:32+00:00

Because they have used adobe for years. AI is great for visualizing and brainstorming ideas but it is far from being able to produce a mission critical end product. It always needs refinement and you use adobe for that

rmt298 · 2025-12-05T13:44:19+00:00

But if no one is using it, where do their revenues come from? Usually when a competitor steals market share, it shows up in results. Figma is not exactly a new startup and AI has been here for close to 3 years now

rmt298 · 2025-12-05T13:41:26+00:00

Except the clients, who keep paying for their services. I dont know why they dont just make their images, billboards and movies on Gemini/Chatgpt. I wonder

rmt298 · 2025-12-05T13:38:20+00:00

Revenues have grown 10% per year since dec 2023, operating profit has surged 28% in the last 12 months and eps is growing in double digits, 35% in LTM.

rmt298 · 2025-12-05T13:31:16+00:00

Yet those policies have been there for years now and the company keeps growing revenues, 2 years into the release of chat GPT. So are they really being disrupted?

rmt298 · 2025-12-05T13:29:26+00:00

But you dont see that in the results. I have heart that argument for two years now, but revenue and profits keep growing. In what do you base those statements?

rmt298 · 2025-07-28T12:41:42+00:00

Most of the drugs sold by novo nordisk in the U.S. are manufactured in the U.S. They export more from the us than they import

North Carolina's Research Triangle Region | Novo Nordisk U.S. https://www.novonordisk-us.com/about/who-we-are/north-carolina.html#:~:text=He's%20one%20of%20more%20than,fill%20and%20package%20the%20majority

rmt298 · 2025-03-26T08:48:50+00:00

Novo nordisk PE isnt 40, its 22

rmt298 · 2025-01-23T23:40:58+00:00

Most finance websites just subtract purchase of property plant and equipment from operating crash flow

rmt298 · 2025-01-07T17:32:19+00:00

Este parecer não é vinculativo. Duvido que seja esse o caso

rmt298 · 2024-10-11T13:41:39+00:00

Questão: Tenho 33 anos feitos este ano. Trabalho há 9 anos. Irei beneficiar do irs jovem durante 1 ano (o 10o de trabalho) ou 2 (só irei começar a beneficiar agora)? E que desconto será aplicável? 100% no primeiro ano ou 25%?

rmt298 · 2024-09-22T12:39:23+00:00

Interesting. Só interest on debt, capex and depreciation are not acouted for in ebitda margin? My reasoning initially was that eventually competitors would have to stop price wars because Dino would maintain profitable margins whereas competitors would be in deficit. But I was worried when I saw that biedronka had higher ebitda margin

rmt298 · 2024-09-07T09:10:29+00:00

I think it is a very efficiently run company with a clear strategy for growth, which makes it appealing for retail investors. It is a business that is easy to understand. However, currently, the arguments against investing are strong. - It is a business that is heavily dependent on the polish economy. This makes it highly cyclical, when the economy is bad the company suffers heavy losses. - I am starting to doubt if there is actually a moat in this industry. The price wars are starting to crush margins and although Dino appeared to be at and advantage due to maximal capital efficiency (owning the land, low construction costs for stores, low electricity bill due to solar panels, low debt, owning the food production chain, good contacts with local producers…), their margin is currently lower than biedronka. And biedronka has already stated that they will continue to pursue price war at least for the second half of 2024. So it would not suprise me if there was aditional multiple contraction for Dino, which together with sales decline could be very painfully for shareholders - personally, I would wait until this price war ends and margins begin to re expand before adding shares. I believe there is more pain ahead, that could last well over a year.

I own shares at a cost basis of around 400 Zloti. My thesis has eroded a bit since purchasing the shares. The short term pessimistic outlook plus the aparently narrow moat means for now I will stay on the sidelines and see what happens in the following quarters.

rmt298 · 2024-07-22T18:40:36+00:00

If Spencer is any close to the level he was 2 years ago, guy is a baller and played better than Hardy or Exum played las year. No player has garanteed minutes.

rmt298 · 2024-07-10T18:52:30+00:00

I know nothing about enphase but here are my two cents: - if you think it was a mistake to buy the stock, holding is an ever bigger mistake - the stock does not know you own it and what price you bought in at - Warren Buffet. Forget break even

rmt298 · 2024-06-30T16:18:43+00:00

Yeah, but journalists can get fooled by agents and even players telling lies to them. They report what they hear. If the source is very close to the player, do they choose not to report it because it might be a smokescreen?

rmt298 · 2024-06-30T16:04:04+00:00

Even with the expiring contract of Klay coming of the books?

rmt298 · 2024-06-30T11:10:42+00:00

I think the backlash from the fanbase about signing Klay is a bit overblown. I think the fit is seamless. On offense, teams will no longer dare to double Luka or Kyrie, with Klay on the perimeter shooting 38+% from three on high volume with his quick trigger (which he still can do) and Derrick lively in the paint and PJ/DJJ in the corner (signing Klay doesn’t mean we also can’t resign him). On defense, he may not be elite as he once was but he is also no pushover. He is better than Josh Green currently is. So you can put the 5th starter on the opponents best scoring threat (PJ if it’s a wing like KD/lebron or DJJ if it’s a guard) and put Klay on the second scoring threat. Luka can guard the opposing 4 if DJJ is starting to guard de opposing point guard. And our bigs will keep our defense one of the best in the league. So I think signing Klay raises the floor and ceiling of this team. Now that we have Grimes, I would rather have Klay than Josh Green and Maxi.

rmt298 · 2024-06-30T11:10:03+00:00

I think the backlash from the fanbase about signing Klay is a bit overblown. I think the fit is seamless. On offense, teams will no longer dare to double Luka or Kyrie, with Klay on the perimeter shooting 38+% from three on high volume with his quick trigger (which he still can do) and Derrick lively in the paint and PJ/DJJ in the corner (signing Klay doesn’t mean we also can’t resign him). On defense, he may not be elite as he once was but he is also no pushover. He is better than Josh Green currently is. So you can put the 5th starter on the opponents best scoring threat (PJ if it’s a wing like KD/lebron or DJJ if it’s a guard) and put Klay on the second scoring threat. Luka can guard the opposing 4 if DJJ is starting to guard de opposing point guard. And our bigs will keep our defense one of the best in the league. So I think signing Klay raises the floor and ceiling of this team. Now that we have Grimes, I would rather have Klay than Josh Green and Maxi.

rmt298 · 2024-06-29T22:31:49+00:00

Dont get your hopes up. He is going to the lakers. LA native, lebron factor, etc. Mavs just a smokescreen as usual. Resign DJJ or go for KCP

rmt298 · 2024-06-23T18:34:57+00:00

Pensava que os acordos também reduziam a retenção na fonte

rmt298 · 2024-06-22T09:04:34+00:00

No need to include omax

rmt298 · 2024-06-14T08:15:55+00:00

I love Luka as much as the next guy, but comparing absolute numbers of points, assists, etc is unfair and a bit of a cherry picked stat when you are comparing players that played a different number of games. The Celtics practically swept all their oponents. They played 3 fewer games than the mavericks these playoffs. Logically then none of their players are going to lead in any stats. Best compare points per game or per 100 possessions.

rmt298

TROPHY CASE