Most recents (4)

(1/3) Logo Q4

▪️ Revenue +41%
▪️ EPS +130%
▪️ Operating margin 37% (+4%)
▪️ Net Cash & Investments 14% of mcap

▫️ e-Services +70%
▫️ İşbaşı ("EpsilonSmart/Fortnox") +269% 💥💣
▫️ Peoplise (HR) +69%

p/e 13-14 (cash adj.) + yield

(2/3) The venture into Romania ("Total Soft") was the weak point the last couple of years, but we did start to see signs of a turnaround in the last couple of quarters.

As the old adage goes: "a picture is worth a thousand words" #inflectionpoint

(3/3) Had a word with mgmt: 30% price raise in January and another ~10-15% coming at midyear. Churn is often bankruptcy i.e. mission critical software.

10-20x bagger if Erdogan gets booted. Outperformed several darlings *in US$ prices* on 3y & 1y.

Small but fun position.

Read 3 tweets

Atlantic Council

@AtlanticCouncil

TUNE IN for a #ACFrontPage event with @BrianDeeseNEC, Director of the National Economic Council, as he presents a detailed view of the Administration’s strategy to build domestic industrial strength. pscp.tv/w/c6HNojFETEVC…

@BrianDeeseNEC

❝We meet today at a unique, #InflectionPoint for American economic policy…Our economy is growing at the fastest growth rate in almost 40 years…This is a direct result of our vaccination effort & our fiscal response.❞#ACFrontPage

👤|@BrianDeeseNEC, National Economic Council

@BrianDeeseNEC

❝Our private sector and public policy approach to domestic production that has prioritized short-term cost savings over security, sustainability, and resilience are coming to afore. In short, this was the wake-up call and we need a new approach.❞ #ACFrontPage

👤|@BrianDeeseNEC