Archive - WinterGems: reminiscence no trades, Alpha is in Notes

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.

1 hr ago •

@Govro12 WinterGems Stocks

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

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

The Lucky 8 and 3 new names

Portfolio construction one cohort year at a time

May 12 •

@Govro12 WinterGems Stocks

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

Apr 15 •

@Govro12 WinterGems Stocks

March 2025

A timely post! Bombardier - Leading Private Jet Vendor in a Duopoly caught in a Tariff Storm

Bombardier ranks #1 or #2 in terms of private jet delivery and sales. This is an attractive duopoly market. The 25% tariff will significantly impact the…

Mar 4 •

@Govro12 WinterGems Stocks

The Dismantling of Amazon Canada and selling Amazon

All 7 Amazon warehouses were close down in Montreal and Amazon Prime customers are getting 7 days delivery. As a disclosure, I will complete the sale of…

Mar 1 •

@Govro12 WinterGems Stocks

January 2025

HIFS REVISITED (Post Q4 earnings)

Last Friday, HIFS has posted some improved core earnings - lets see how it matches our projection based on our model and what to expect for the First…

Jan 19 •

@Govro12 WinterGems Stocks

HIFS REVISITED after 3 federal reserve cut

On Dec. 18, the Federal Reserve made its 3rd cut in 2024, and HIFS is expected to publish this coming Friday a first large improvement in NIM while the…

Jan 12 •

@Govro12 WinterGems Stocks

December 2024

The State of Moat: starting with Adyen

My personal views on their respective moat using 21 homegrown criteria- will start with Adyen for this multi-part series.

Dec 20, 2024 •

@Govro12 WinterGems Stocks

June 2024

Dollarama - The Dominant Dollar Store in Canada

Republishing this post which was originally part of a year end portfolio review

Jun 5, 2024 •

@Govro12 WinterGems Stocks

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