Enjoy!
(i) Birkenstock Holding Limited: Registration Statement
~20% revenue CAGR since 2014, mid-30s EBITDA margins, >60% return on tangible capital (smoke emoji).
(ii) Manchester United: Glazers Under Pressure to Sell, Dual Share Class Concerns
Wild situation. Don’t underestimate Paul Voigt.
(iii) Math Not Magic: Kopi Kenangan, the Shein of Coffee
I’m not sure “the Shein of Coffee” is a good description but nevertheless interesting business.
(iv) Pivot to AI: Pay no attention to the man behind the curtain
Amy was pretty outspoken about crypto fraud early on.
Clip from Phil Mickelson interview.