N (@Khlmysee) on getquin

@Khlmysee

6Mon·

Compounders - companies that are constantly reinventing themselves and moving with the times

Moin, compounders are companies that constantly reinvent themselves and perform well over the years.

Do you have any favorites that fulfill these characteristics?

With regard to these characteristics, my current favorites are

$ATD (+0.41%) Alimentation Couche-Tard

Alimentation makes extreme acquisitions of filling stations. You might think that this might not be the "smartest move", as fossil fuels seem to have had their day in the future. While the cow is being milked for as long as possible, this is also about the locations where charging infrastructure can be built for the future. 💡

$EQNR (-0.2%) Equinor

Equinor wants to move away from fossil fuels and is making strong acquisitions in the renewables sector.

In the future, the Norwegians are planning a hydrogen network and a long-distance pipeline from Norway to Germany in cooperation with RWE. The regulatory conditions were recently approved by the German government. The financing for the hydrogen core network has been clarified. 👍🏻

4 Comments

Stevo@Money-Man

6Mon

$EVO: "Supplier" of live/ online casinos. Top dog on the market. High barriers to market entry due to regulation.
Double-digit growth per year. Gambling is still strongly represented in the analog environment, but online share is growing strongly. You can play the trend with the share.
Comparatively low valuation for the growth, presumably because not ESG-compliant. Dividend of 2.5%, is regularly increased.

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Stevo@Money-Man

6Mon

It's a pity that the article has (still) received little response. In my opinion, compounders are among the most exciting stocks of all.
Regarding the stocks you mentioned:
$ATD sounds interesting. But it also sounds very capital-intensive, both the acquisition and the subsequent conversion to charging infrastructure. In my experience, companies that are heavily reliant on acquisitions quickly get bogged down and then a long consolidation phase begins. However, this can also be different here, as filling stations are not likely to be as complex.
A similar pattern is likely to be found at $RICK, which buys strip clubs from elderly owners. But they are opening more and more restaurants with scantily clad ladies... so I won't buy it, as it "dilutes" the original idea. But could perhaps be seen as a compounder ;)
$EQNR I had taken a close look at it some time ago. Great company, but with a high level of state ownership. So unfortunately out for me.

To name one more idea:
- $MNST as an energy drink marketer. Gigantic margin. Steady growth, as the market is also growing well. Seems to me to be the new smoking, but less regulated.

Incidentally, 10 Compounder shares were presented in the last Saturday episode of the podcast "Alles auf Aktien". But I didn't find any of them really exciting.

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