I still owe you my top & flops.

In 1st place by a wide margin $DGX (+10 %) with + 84% in only 8 days! After that I sold it again. It was also part of my Wiki Challenge.

$BB (+5,03 %) with + 56% also from the challenge depot follows in 2nd place

$CORT (+2,48 %) with + 48% followed by the 3rd value from the challenge portfolio

$ENPH (+3,21 %) with + 45%.

After that comes

$IREN (+8,2 %) with + 41%

And what I generally find quite surprising is that $JEDI (+3,45 %) has made it into the top list as an ETF with + 39%. If there hadn't been a serious setback on Friday, it would even have been in the top 3.

Yes, there were also losers, although the word doesn't really fit.

$FTC (+5,3 %) with - 6.5%

$NRXS with - 5.9%

$KYTX with - 2.5%

These are normal fluctuations for these values.

The top 3 have accumulated in the portfolio:

$PPTA (+0,12 %) with + 130%

$CORT (+2,48 %) with + 110%

$2GB (+4,17 %) with + 81%

Flop 3:

$KVHI with - 13 %

$KYTX with - 7,25%

$FTC (+5,3 %) with - 6.5%

This shows that the most important thing in such a high risk strategy is to limit losses. Shares that do not perform are eliminated at - 20% at the latest.

I have also reduced the number of positions from over 80 to around 50.

The performance in May according to TTWROR was + 20.5%.

On a YTD basis, I am also at 20.7% due to the disastrous March.

The internal rate of return, because that was also important here recently, is at 55% YTD.

By way of comparison, the TTWROR for the whole of last year was

TTWROR was 91.6%

and the interest rate

was 82.6%.

Of course, it will be difficult to repeat that. But there's no such thing as impossible!

Have a nice weekend!🌞

Your Multibagger

Chris

Hello my dears,

Juan has taken the request from @Multibagger very seriously. And today he is delivering another company from the communications equipment sector.

Here he is particularly proud of the triple-digit profit growth.

My dears, what do you think of Juan's selection today?

Once again, we would like to emphasize that this is a stock for strategy. @Multibagger strategy.

PS. I received another comment yesterday. It was about the fact that my last values are probably not tradable with any broker.

My explanation for this would be that it has something to do with the special multibagger values that Juan found here.

But it also has something to do with the fact that you naturally want to trade for free. But you have to make the trade-off of not being able to trade on every exchange.

But I will pay more attention to this in my next presentations.

$KVHI

KVH Industries, Inc. is a provider of technology-driven connectivity solutions primarily to maritime, recreational, military and government customers. The company provides high-speed Internet and Voice over Internet Protocol (VoIP) services via satellite to mobile users at sea and on land worldwide. The company is also a provider of commercially licensed entertainment services, including news, sports, music and movies, to commercial customers in the shipping and hospitality markets, as well as complementary value-added services in the areas of cyber security, email and crew Internet services. It provides integrated end-to-end services, software and hardware that meet its customers' needs for access to Internet, VoIP, operational content and entertainment services while underway. The company also manufactures motion-stable antennas that provide satellite TV services in receive-only mode. In addition, it offers subscription models that enable customers to take advantage of Internet and VoIP connection services.

Number of employees: 272

17902e36-856e-469f-9d49-7aaed8408420

Geographical distribution of sales:

2025 (USD)

Other International 63.28 million

U.S.A. 24.42 million

Singapore 23.31 million

Juan's conclusion (KVH Industries, 2025-2027)

Hoodie on, number crunching glasses on - here comes the crisp investor summary.

KVH visibly flips the switch from 2026. After years in the red, the model tips over into profitability, and 2027 looks like a real liberating blow: sales soar, EBIT explodes, net profit multiplies. Margins pick up cleanly - the EBIT and FCF margins in particular show that the operating foundation is finally bearing fruit.

Free cash flow jumps from negative to clearly positive, which is a strong signal for a small tech company. CAPEX remains moderate, so no excessive investment burden. The debt situation is not critical and EPS grows from "mini" to "relevant".

In short: KVH looks like a turnaround case moving into the maturity phase in 2027. Not yet a "no-brainer", but the momentum is clearly positive - and the key figures show that real momentum is building here.

Market value 208.4

Number of shares (in thousands) 19,494

Date of publication 10.03.2026

Juan conclusion (key valuation figures 2025-2027)

Hoodie in place, look at the multiples - here comes the short, clear valuation assessment.

KVH looks like a classic turnaround valuation case. In 2026, the P/E ratio briefly shoots into the absurd due to the mini-profit, but falls back to a normal level in 2027 - a sign that profitability is becoming more stable. The FCF yield turns from negative to clearly positive, which is often the decisive turning point for small tech companies.

There is no dividend, P/B ratio is missing, PEG is technically hardly usable - but the trend is clear: Valuation normalizes, cash flow improves, risk decreases.

In short: 2027 looks like "finally fairly valued" - not a bargain, but a clean re-rating case.

Performance:

1 week +8.09 %

1 month +15.57 %

6 months +85.59 %

1 year +102.85 %

3 years +13.48 %

11,00 USD+0,31 USD+2,90 %

18.05.2026

BTT

$KVHI