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Deep-dive research on undervalued companies. Each month we publish a deep dive analysis of a company, as well as weekly insights on business topics.

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PricingOnly free issuesPublishesTwice weekly
Issues34Founded3 years agoLast Issue7 months ago
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Latest Issues

Médica del Sur – Analysis and Valuation

40 minute read

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Preface

I originally wrote this analysis on December 8, 2024, which led me to invest in the company at a price of $32.8 pesos per share. Since then, the share price has increased significantly,...

7 months ago
5
1

Barriers to Entry in the Cement Industry

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Introduction

Even after analyzing the cement industry, one question kept coming at me: if existing companies enjoy such high profitability, what’s stopping others from entering the market?

At first glance, the o...

a year ago
5
2

Cultiba – Analysis of Q2 2024 Results

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Introduction

In Nov 2023 when I first wrote about Cultiba, I mentioned Grupo Gepp’s growth strategy. Since 2019, the company has foc...

2 years ago
2
1

The Fallacy of Expected Value in Investing: Arithmetic vs Geometric Mean

10 minute read

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Intro

This week I listened to an interview from Guy Spier where he talked about expected value and how in some sit...

2 years ago
2
1

Fe de Erratas – Analysis and Valuation of Consorcio Ara 2.0

Dear readers,

I would like to inform you about some important corrections and improvements made to my recent valuation of Consorcio Ara.

1. Correction in the Book Value of Real Estate Inventory

In my original valuation, I incorrectly...

2 years ago
2
3

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  • Ferrucho Doddoli Lankenau
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