Its kind of a low quality low margin service business. I glanced over the company quickly as it appeared cheap, Norway's margins down is an issue. It's an interesting cheap company. However, looks like your write up is also just a glance, reading easily, but never addressing the past issues, what went wrong, the revenue and margin development and what can be fixed. This answered zero questions I had. :/
Its kind of a low quality low margin service business. I glanced over the company quickly as it appeared cheap, Norway's margins down is an issue. It's an interesting cheap company. However, looks like your write up is also just a glance, reading easily, but never addressing the past issues, what went wrong, the revenue and margin development and what can be fixed. This answered zero questions I had. :/
My Saturday editions are all about discovery. They all provide a glance at the company never going in too deep. That’s why they’re mini write ups.
You can find the full write ups here: https://www.hermitresearch.com/t/investment-thesis
I’ll guarantee their quality is second to none out there