Great article, many thanks for providing this. I think running a magic formula scan in Europe is still a way to discover a bunch of interesting companies. New Work has been on my list for some time, but I shall also look more deeply into Somero and Prevas.
Personally not a big friend of commodity exposure, so Romgaz would be no priority for me. Clasquin is interesting as a merger arb situation. Many thanks for referencing my Funkwerk piece.
Thanks for your comment, Carsten! Yes, I was also surprised that a lot of interesting stocks came up. I really like the simplicity of Greenblatts approach, combining two simple factors EV/EBIT for "cheap" and ROIC for "good" narrows down the watchlist in a good way and reduces time wasted. I had the feeling I concentrated my effort in an area where there might be opportunity.
I am an avid reader of your substack, please keep up the good work and all the best for your investments!
Good job! I am really interested in some of the companies you mentioned. Specially I looked few months ago at somero enterprises.
Let’s see how it all goes! Keep doing great work.
Great article, many thanks for providing this. I think running a magic formula scan in Europe is still a way to discover a bunch of interesting companies. New Work has been on my list for some time, but I shall also look more deeply into Somero and Prevas.
Personally not a big friend of commodity exposure, so Romgaz would be no priority for me. Clasquin is interesting as a merger arb situation. Many thanks for referencing my Funkwerk piece.
Thanks for your comment, Carsten! Yes, I was also surprised that a lot of interesting stocks came up. I really like the simplicity of Greenblatts approach, combining two simple factors EV/EBIT for "cheap" and ROIC for "good" narrows down the watchlist in a good way and reduces time wasted. I had the feeling I concentrated my effort in an area where there might be opportunity.
I am an avid reader of your substack, please keep up the good work and all the best for your investments!