Archive - The Compounding Tortoise

February 2025

Exor Cutting Its Ferrari Stake by Roughly 16%

Ferrari repurchased 300 million EUR at €450/share

Feb 27 •

The Compounding Tortoise

Q4 and FY 2024 - Topicus.com

Excellent cash flow, profitability, and solid M&A pipeline for FY25

Feb 27 •

The Compounding Tortoise

What Do The Home Depot and Lowe's Earnings Mean for Our Portfolio?

There's a far superior investment to benefit from larger remodeling activity

Feb 26 •

The Compounding Tortoise

Three-Pronged Framework to Identify the Best Compounders

Unmatched market leadership, unmatched ROIIC, and longevity of high cash IRRs

Feb 22 •

The Compounding Tortoise

Adding to a Long-Time Winner

Substantial growth runway is still under-appreciated

Feb 20 •

The Compounding Tortoise

FY24 - Sanlorenzo - Preliminary Results

In line with the updated November guidance - attractive growth levers for FY25 and beyond

Feb 17 •

The Compounding Tortoise

Q4 and FY 2024 - Hermès Int'l

Crushing sales expectations in Q4 - CFO downplays near-term margin expansion expectations

Feb 14 •

The Compounding Tortoise

Q4 and FY 2024 - Harvia Plc - Full Analysis

Revenue growth exceeding expectations widely; EBIT pressured by one-time growth expenses and unfavorable product mix

Feb 13 •

The Compounding Tortoise

Preview Q4 - Harvia: Combining Organic Growth with Successful M&A

Underlying momentum should continue into FY25 and beyond

Feb 12 •

The Compounding Tortoise

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