WinterGems: Reminiscences of a Stock Operator

Laurent Perrier - Trading at below book value!

Laurent Perrier has published TODAY interim results. Trading at below book value while sales are increasing YoY!

Nov 28 • 

@Govro12 WinterGems Stocks

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Portfolio Shuffle 2025

What I sold, bought and trade in and out in 2025

Nov 3 • 

@Govro12 WinterGems Stocks

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Portfolio October 31st

Top 15 stocks as of October 31st 2025

Nov 3 • 

@Govro12 WinterGems Stocks

3

October 2025

Cuervo - the #1 Tequila company at discount

Cuervo is the leading Tequila producer in the world and provides at the current price an attractive investment in this depressed Spirits industry

Oct 29 • 

@Govro12 WinterGems Stocks

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Spirits Landslide and Champagne Supernova:

As a Pernod Ricard follow-up, personal notes on Q1 results from Pernod Ricard and LVMH plus other rumblings on the spirits market

Oct 18 • 

@Govro12 WinterGems Stocks

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Pernod Ricard's visibility into the future

Pernod is trading at its lowest ratio since 2009, the investment thesis is that I believe we have sufficient visibility into the future to project a…

Oct 9 • 

@Govro12 WinterGems Stocks

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July 2025

Top5 Valuation check 1H2025 and rumblings

Going through valuation assessment and some qualitative rumblings about my top positions. This is part1 - will go through up to top15 over the next few…

Jul 6 • 

@Govro12 WinterGems Stocks

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The Boring and Bold 15 - 1H 2025

A view of the Boring and Bold 15 - top 15 positions as of July 1st. 90% of assets are in top 15. Very concentrated in the top 5.

Jul 1 • 

@Govro12 WinterGems Stocks

11

7

June 2025

Dollarama - 1 year later

A year ago I posted on a rarely mentioned compounder story - outside of the Canadian circle : Dollarama. Dollarama is hitting on all cylinders and…

Jun 11 • 

@Govro12 WinterGems Stocks

19

1

May 2025

A Net Cash - Kikukawa Enterprise 2025 year end results

Kikukawa Enterprise 6346 is the oldest and a leading sawmilling and woodworking machine manufacturer in Japan - microcap priced below cash level & PE…

May 16 • 

@Govro12 WinterGems Stocks

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April 2025

Google by numbers

Latest numbers from Google, just quick facts no opinion. Disclosure: Google is my #1 pos by far.

Apr 25 • 

@Govro12 WinterGems Stocks

13

1

LVMH mhmm...

no comment

Apr 15 • 

@Govro12 WinterGems Stocks

10

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