PANDY - Pandora: Investment Thesis Update
2024-02-19 02:57:41 ET
Summary
- Pandora has improved greatly in recent years, and future prospects are bright.
- Pandora's business model is exceptional; it has been able to achieve ROICs above 40 percent for many years with excellent cash generation.
- In addition to the brand's popularity and economies of scale, Pandora's third competitive advantage is management's excellent execution of its strategy.
Introduction
On July 24, 2022, I published an analysis of Pandora A/S ( OTCPK:PANDY )(PNDZF), evaluating the company as a good investment opportunity with an excellent risk/return ratio. Since the day the article was published, the stock price has increased by about +120%, and compared to my average purchase price, the performance has been about +150%. These performances were realized in a very short period of time, and with this article, I would like to analyze Pandora again, to see if it is time to sell and realize profits, or if it still represents a good investment opportunity....
Pandora: Investment Thesis Update