French Hidden Champions portfolio moves 12/01/2024

Reinforced a growth story with a solid balance sheet

This move goes in the growth story basket. But we will see why it is not just a growth story. 

As you know I don’t like to have a cash position (it is my style and is far from perfect but it matches my personality) and remember that I have no debt and different sources of income (but which will not move the needle a lot but it keeps nourishing the snowball).

You will see that I tried a different approach and explained some specific accounting points by using pictures. Don’t hesitate to tell me what you think about it.

Here is a straight to the point analysis.