GSC1:GR | GESCO

In this marketing message, I describe how I look at small holding companies and serial acquirers. For informational purposes only, readers will learn about the historical developments at GESCO SE – a listed German holding company with 10 subsidiaries in the industrial space which has just reported two consecutive years of record earnings. GESCO SE engages in 100% takeovers of private companies with average profitability and an intention to hold them forever. The company went from achieving low DD annualized returns between its IPO and 2013 to unsatisfactory LSD returns from 2013-2022. What went wrong? A search for answers in the linked marketing message.

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