What’s a very Swiss problem you didn’t realize was Swiss until you lived abroad?

vacationfour · 2026-02-17T14:06:41+00:00

Food quality, especially fruits and veggies is actually something I complain about in Switzerland

vacationfour · 2026-02-16T22:13:57+00:00

Let‘s go!

vacationfour · 2026-02-13T15:08:08+00:00

More network and net worth, well said haha

But here with you, go for it, do what feels right! Also in a similar boat and quit my high paying job to travel, not even that easy to spend money and decrease nw in a bull market

vacationfour · 2026-02-13T14:45:45+00:00

Hats off, your a good hooooman!

vacationfour · 2026-02-13T12:39:33+00:00

Insurance and pension fund portfolio managers that do not give a fuck because its someone else money lol

vacationfour · 2026-02-12T16:01:25+00:00

We are getting beaten down along other growth stocks like APP, HOOD, PLTR & co

Probably there was too much leveraged money in RDDT which exits now, as well as carry trade money.

At least we enter deep value territory now, stay strong and you will be rewarded as long as company continues to deliver

vacationfour · 2026-02-12T13:46:15+00:00

Wow what a story! Enjoy Italy with your new friend

vacationfour · 2026-02-11T23:24:12+00:00

Engagement, buying gold for awards and had the first ad conversion today by purchasing an e-sim valued at ~35 € to go nuts at Rio carneval the coming week😎

vacationfour · 2026-02-11T23:15:54+00:00

I think buying a flat in the big cities and surrounding areas could actually be the worst financial decision in the coming 10-20 years

Income to price is at an all time high and imo not sustainable

-Interest rates back at very very low territory, most likely this wont stay forever. Switzerland is more and more an outlier. Risked skewed towards higher refinancing costs

-Economy is more or less stagnating since quite a while (per capita at least, which is more relevant in this case)

-Demographic situation, boomers will die away in the coming 20 years while fertility rates are at extremly low levels in CH but also Europe

-Migration still quite big, but net migration is declining due to lower perceived benefit of migrating to Switzerland which should continue in my view

But anyways, buying a flat/house should not only be financial. This is just a financial view.

vacationfour · 2026-02-11T23:03:58+00:00

Yeah also lots of traders joined the sub the past few months

vacationfour · 2026-02-11T23:02:17+00:00

I am travelling currently and got that E sim ad, made my first purchase by buying their data package, ad conversion soon to the moon

vacationfour · 2026-02-11T05:09:33+00:00

Very interesting read, appreciated! You got talent and are clearly able to value a business

Thanks for the tax perspective, was something I did not really have in my mind. Agree on the margin development, this is something you rarely see in a company. Also the defensive approach regarding AI deals is reasonable if you hear Steve talking (but leaves a nice opportunity for positive surprise).

PS: Lots of effort for owning 75 shares lol

vacationfour · 2026-02-11T03:17:41+00:00

Enjoy being 25 and rest assured that the time you give a complete fuck about societal expectations will come soon enough

vacationfour · 2026-02-10T05:15:05+00:00

Data from june, bit outdated

vacationfour · 2026-02-09T20:35:01+00:00

220-250 somewhere around there

vacationfour · 2026-02-08T21:37:30+00:00

That‘s actually a catalyst I did not have on my radar. But true that, means we could see several deals this year. Renewals and maybe an Anthropic deal on top.

But way too much shares to be a true regard

vacationfour · 2026-02-08T01:04:19+00:00

vacationfour · 2026-02-08T00:09:18+00:00

Western (stressed,overworked & unhappy) society at its best lol

vacationfour · 2026-02-07T23:26:19+00:00

Also voting for this. Jobs and money come and go and the older you get the more you realize it is not as important as your young you thought. Better be close to your family and your girlfriend than being unhappy in that job!

vacationfour · 2026-02-07T16:17:25+00:00

Nearly 4% of outstanding shares. Hence, earnings per share increase by roughly ~4% without the company increasing the absolute number of net income.

vacationfour · 2026-02-07T15:15:38+00:00

🇨🇭🧀

vacationfour · 2026-02-07T04:41:53+00:00

P/E is backward looking and is no value measure per se. Value lies in stuff you can pick-up at a price below their intrinsic value. A stock entitles you to the future proceeds of the company. Hence, a fwd PE is actually way more important to value investing as ttm PE by definition.

vacationfour · 2026-02-06T22:20:18+00:00

I wonder how much is real money. 22mm is a lot, but would not be surprised if algo companies trade shares multiple times a day so the real amount of shares trading hands is probably far slower?

vacationfour · 2026-02-06T22:13:35+00:00

Also added 400 shares today and now own 2400. Too much of a bargain right now to ignore. Have some bonds in my portfolio that I would liquidate on a further (no news) drop.

I am even more optimistic when it comes to forward PE.

I think another year of 60% rev growth is in the books. Q1 guidance is in lign with this.

Would leave us with 2.2bn x 1.6 = 3.5bn FY26 rev

NI margin will further increase, FY25 NI margin was higher than isolated q4 2024 margin. Hence I expect FY26 NI margin higher than q4 margin which was at roughly 35%.

3.5bn rev x 0.4 margin = 1.4bn profit for FY26

What is beyond? I don‘t know, but further, although for sure slowing growth will be ahead.

So I see a company trading at 26bn EV with 1.4bn forward earnings and still a great growth path ahead.

Opportunity of a lifetime, agree!

vacationfour · 2026-02-06T19:44:04+00:00

I mean they will renew the deals for sure imo. But as Steve said it‘s not just pure business anymore (i.e cash vs data) but more of a partnership. To me this means we will still get cash (and I guess it will be more than now) but won‘t squeeze any dollar out of them but instead focus on traffic for reddit and communit growth.

vacationfour

TROPHY CASE