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Civeo Q3 2025 Earnings — Notes
Positives on the turnaround Cost-cutting and cold-closing continue to show tangible progress. Accommodation gross profit margin improved again, reaching 27.38%, up from 25.71% in the previous quarter and 17.87% a year earlier. The share buyback program is moving steadily forward. With 69% of the authorization already completed, the company remains on track to reduce its…
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Civeo Corp (NYSE: $CVEO) : Betting on Beds Without Losing Sleep
History, Acquisitions & Foundation Laying: These paragraphs are extracted from the 2024 10-K report to explain what the company does. There is no need for me to paraphrase what they do, since they do a better job explaining it than I could. On the company’s history: It was founded in 1977 as a rental company…
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Liberty Latin America: Spin-off and Deleveraging Story
Business: Liberty Latin America is an international provider of fixed, mobile and subsea telecommunication services, residential as well as B2B, across 20 countries in Latin America and the Caribbean through C&W Caribbean, C&W Panama, Liberty Puerto Rico and Liberty Costa Rica. As you can see, the company is pretty big in the region. They have…
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Where My Money Sits in 2025
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Outokumpu Oyj ($OUT1V.HE): Investing in Steel without getting Scrapped.
“Buy not on optimism, but on arithmetic.” – Benjamin Graham Understanding Stainless Steel: Market Overview, Pricing, and Key Concepts In short, stainless steel is an alloy of iron with a maximum carbon content of 2.1%; in fact, the carbon percentage can range from 0.03% to 1.2%. Stainless steel contains a high amount of chromium (a…
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Portfolio Anniversary Review: Returns, Positions & Outlook
Portfolio at 01/08/2024 Portfolio at 01/09/2024 Returns & Some Thoughts (Returns at 01/08/2024, Screenshot from Interactive Brokers) I started my current portfolio with my current investment strategy of finding small undervalued stocks on August 1, 2023. It has been a wild ride since then. As soon as I began, my portfolio instantly dropped by 20%,…
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My Gold Pick: Gold Royalty Corporation (NYSE:GROY)
Gold & the Royalty Business Gold has been an asset of interest to me for quite some time due to its intricacies as an inflation hedge and the protection it offers against the systematic devaluation of fiat currencies. Monetary expansion, particularly the QE programs implemented by central banks in Western economies after 2008, has significantly…
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Crest Nicholson: A solid Construction Company
“Don’t look for the needle in the haystack. Just buy the haystack!” —John Bogle Background & Description of the Business Lately, I have been thinking about how to effectively and conservatively gain exposure to the expected wave of interest rate cuts in Western economies. Inflation seems to be easing, and real interest rates are dragging…
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CATANA CATAMARANS: Too good to be true.
“There seems to be some perverse human characteristic that likes to make easy things difficult.” ― Warren Buffett The Company Catana Group specializes in the design, manufacturing, and marketing of sailing boats, particularly catamarans, which are boats consisting of two hulls joined by a frame. Catamarans can be either sail-powered or engine-powered and are known…
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PGM Industry: Markets, Miners, Valuation & big opportunities
“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” -Sir John Templeton History, Notions & Fundamentals Platinum Group Metals, commonly known as PGMs, comprise six…
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