Shift4 | June 2026
Shift4 is one of the fastest-growing payment companies in the world, processing >$150 billion dollars in transactions for restaurants, hotels, stadiums, and retailers. Through a combination of organic growth and acquisit...
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Stacking Slabs
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P. Ricardo Sada F.
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The Dutch Investors
Shift4 is one of the fastest-growing payment companies in the world, processing >$150 billion dollars in transactions for restaurants, hotels, stadiums, and retailers. Through a combination of organic growth and acquisit...
Last month, I visited Disneyland Paris together with my girlfriend. Going to Disneyland isn’t a monthly or yearly trip for most of us. Therefore, I thought it would be a perfect opportunity to analyze The Walt Disney Co...
Shelly Group is a Bulgarian technology company that specializes in offering smart home solutions. So , it competes with the likes of Google, Amazon, and Samsung in this market. Tough competition, right? So, why would I a...
There is a small city in the Netherlands, called Deventer. It is a medieval city known for its printing history and its gingerbread. What many people don’t know is that it’s home to one of Europe’s most interesting VMS s...
One of the first things I do when analyzing a company is go through the latest annual report. What immediately stood out to me were the covers in which Brown & Brown presented their annual reports (see picture down belo...
The PayPal Mafia, founders such as Peter Thiel and Elon Musk who once dominated Silicon Valley, built a legacy of disruption. But that pioneering spirit has long since faded.Today, PayPal is no longer a nimble innovator....
Today, we’re looking at a company that is polarizing the investing community: Chapters Group AG. Some call it the 'German Constellation Software.Chapters Group has long been a company I’d like to analyze. Not just becau...
Some companies always seem too expensive. The company we’ll discuss today, Lotus Bakeries, is one of them. Lotus Bakeries, from now on ‘Lotus’, is a Belgian family-owned snack company. Their most renowned product is the ...
Our final deep dive of 2025. So we decided to make it a little more special with an extra hour-long deep dive with Niklas from Heavy Moat Investments.Most investors spend their time studying companies they see every day....
Exor is an Italian holding company that is owned by Italy’s richest family: the Agnelli’s. The family, through Giovanni Agnelli, still has over 85% of the voting rights. Almost 40% of Exor’s gross asset value consists of...
While traveling to Japan, I used their services multiple times, and paid good money for them. So picture this: It’s September 2025, I’m in Japan, sitting in a Shinkansen — the Japanese bullet train — and this thing is fl...
If you voted for Ferrari Group in the community and thought this analysis was going to be about red and fast sports cars, I might have to disappoint you. This analysis isn’t about the iconic luxury brand Ferrari. Apart f...
Alphabet is one of those companies that’s so big, so omnipresent, most investors stop asking questions.But beneath the surface lies a fascinating contradiction: a company built on anti-advertising principles that became ...
Diploma PLC is a fascinating serial acquirer from the U.K., focusing on three key markets; controls, seals and life sciences. The company has been a real compounder in recent years and grew revenues at a 15% CAGR for the...
In this analysis, we’re going to talk about my largest position at the moment: Prosus. By investing in Prosus, you’re essentially buying Chinese tech giant Tencent at a discount, and (for now) you’re getting all the othe...
You could argue about some industries or companies being boring or not. Most of the time, it’s a matter of personal preference. For this analysis, I have to make you feel relieved: a very boring company is ready to be an...
While writing our Semiconductor Industry Report, one wafer fabrication supplier stood out; a company that appears indispensable to the semiconductor value chain, boasts a market cap of over $100 billion, and yet I had ne...
Everyone likes to buy bargains. In the stock market, but definitely also in our daily lives. Today, we’re delving into British investment company 3i, which specializes in private equity and infrastructure. How does this ...
Edenred is a French employee benefits platform offering meal vouchers, fuel cards, and corporate payment tools. It operates a capital-light B2B2C model with recurring revenue, strong network effects, and a dominant 40% m...
If you think about the semiconductor industry, companies like ASML, Nvidia and TSMC probably come to mind. All unique powerhouses with key roles in the global economy. I can imagine you’re getting bored with hearing the ...
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