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One-Foot Bars

Zeljko Obrenovic

Only My Best Ideas

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Substack
PricingOnly free issuesPublishesInfrequently
Issues9Founded4 years agoLast Issuea year ago
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Latest Issues

Douglas AG (DOU) - Europe’s Dominant Beauty Retailer at 6x FCF

Summary

Douglas AG is Europe’s leading omnichannel premium beauty retailer. After IPO’ing in 2024 at €26.00, the stock has fallen to €11.64, giving the company a market cap of €1.25 billion (based on 107.7 million shares outstanding)...

a year ago
22
7

DocCheck AG (AJ91) - Quality German Micro Cap with 60% of Market Cap in Cash and Gold at 3.3x FY24 EV/EBIT

ACHTUNG: VERY ILLIQUID!

This is more of a quick note than a full write-up.

DocCheck AG is a founder-led German micro-cap (founder and CEO owns 56% of the stock, his brother owns another 16%) that operates three synergistic segments:

*...

a year ago
21
10

Warren Buffett Critiques My Portfolio

Well, kind of—let me explain.

How cool would it be to talk investments with Warren Buffett? Imagine having him as your close business partner, available 24/7, as if you were running a partnership together. Well, I’ve created the next best...

a year ago
8
1

My Portfolio going into 2025

Introduction

I think of stocks in three distinct categories: Groundhogs, Horses, and Oysters. These categories help me organize the stocks I hold based on five dimensions:

  • Primary source of return: What’s driving the investment return...
a year ago
34
11

VW AG (VOW3) and Porsche SE (PAH3): NAV Discounts That You Can Eat

“It has been demonstrated time and time again that no asset is so good that it can’t become a bad investment if bought at too high a price. And there are few assets so bad that they can’t be a good investment when bought cheap enough.” - H...

2 years ago
29
7

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    Individual Investor

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