Spreadsheets for my Valuation on Adidas

For 2018, I am considering the following baseline scenario for Adidas: Sales growth around 7% per year; Profit margin near 5%; Multiples between 25x and 20x earnings. You can read my full thesis and valuation on the stock here But the main reason why I am writing is the following: For the first time I… Read More Spreadsheets for my Valuation on Adidas

Tesla was almost sold to Google: Shouldn’t this be a warning about Tesla valuation?

Allegedly, Elon Musk approached Google (GOOG) in order to sell Tesla (TSLA) back in 2013. At the time, Tesla was having a hard time in materializing sales due to several problems in the car (Source: Bloomberg). The thing here is the fact that Tesla was in a situation so frail, back in 2013, that according… Read More Tesla was almost sold to Google: Shouldn’t this be a warning about Tesla valuation?

Nokia is staging a comeback to the Smartphone arena: The rumors are getting stronger

A couple of weeks ago, I’ve wrote an article for TalkMarkets where I defended the idea that Nokia (NOK) could be pursuing a return to the smartphone arena. At the time I argued that Nokia should return to the smartphone industry through a large or a small acquisition. Now, we have Re/Code citing sources stating… Read More Nokia is staging a comeback to the Smartphone arena: The rumors are getting stronger

Warren Buffett Sees Potential In Germany, I See A Moat In Adidas

Warren Buffett (BRK-A) has started to buy in Europe, more specifically in Germany. He stated that Germany is a great country, with a vigorous and productive economy.  Therefore, we shouldn’t be surprised that he bought a German supplier of motorcycle equipment and he may be up for more (Source: Fortune). I have mixed feelings in… Read More Warren Buffett Sees Potential In Germany, I See A Moat In Adidas