Yannis Stamatopoulos

My investing checklist - Do’s and Dont’s

@jszhang0912 It is frustrating but ultimately investing is about about buying access to cash flow streams. The arithmetic will eventually play out …

@Arkalos77 I was in Edenred early last year and lost money. I never was able to figure out why it went down except the policy announcements get discounted again and again in its valuation. Kinda glad I got out because I had no idea why it went down…

☕️can Portfolio Update - Q1 2026 7 bagger 🏆: Metlen 2 bagger 🥇: None any more -13.3 % YTD "Stocks take the stairs up and the elevator down" Old Wall Street saying   $baba $payc $bats $bti $prx.as $tcehy $evo.st $evo $adyen $pdd $mytil.at $mtln.l $eden.pa $ftnt $mele $bidu $four $knos.l $erf.pa

$EVO to distribute 100% of excess cash through buybacks

$evo Evolution AB Annual Report 2025 evolution.com/wp-content/upl…

@phil_hk After translating some 🇸🇪 tweets 😆 I understand that he owns only 24.3% of the shares. The rest of the shares he owns via the swap agreement and bring him above the 30% threshold are an economic exposure, but he cannot use them to vote as he is not the owner of them.

@Arkalos77 FWIW I don’t think so. Never has been his intention, doesn’t fit his profile. He sees it as a trade of 1-3 years. Same as tobacco. He wants a public listing when he exits and it could be sudden. In any case this is the best for everyone, minority shareholders included.

Me when I want to understand if Ken Dart will take Evolution $evo $evo.st private and all key info is in 🇸🇪…

I am very happy to announce that I will be talking to investor Chris Mayer tomorrow! What questions do you all have for him? Make sure to follow the podcast now so you are alerted when it is released.

Added 3 more names in the kids portfolio today … - Stock no 5 Mastercard $ma - Stock no 6 Microsoft $msft - Stock no 7 Visa $V $ma $msft $cp $nke $mcd $v $aapl

Aluminium is the New Oil… Metlen $mytil.at $mtln.l

@GHendrix11 The current price implies low single digit free cash flow growth. Don’t see much downside risk from here. Leverage remains low.

@Arkalos77 Hmm, their CEO always goes hard on having no debt. He started the company with something like 8 creditcards. Time will tell.

$payc Paycom has moved from 0️⃣ debt at year-end 2025 to roughly $675 million drawn by March 12, 2026 to buy back their cheap shares (SaaSpocalypse). The revolver was also upsized. I believe this will prove to be a smart capital allocation move boosting EPS.

‘ What indicates a moat for most money managers historically, is some level of return on invested capital (ROIC). Most managers out there will be screening for some hurdle rate on ROIC over the prior 5 years. What we actually found more valuable than just the level of ROIC, is the direction. There is a 1 to 1 correlation between the direction of the ROIC over a 5 year period and the stock performance. If you break the market down into 5 quintiles, from the top quintile where they have the most rapidly growing ROICs to the bottom where they have the declining ROICs, there is a 1 to 1 relationship between the best performing stocks on the top quantile and the poorest performing stocks on the bottom. We prefer a company that 5 years ago had an ROIC of 4% growing to 5, 6, 7, 8 than one that had an ROIC of 12% that remained stagnant over that period of time and not growing’. Paul Black WCM

Investing prompt I use to assess management quality 👇 I want you to assess the management quality and capital allocation of [insert company name] management like a skeptical long-term investor, not a sell-side analyst. Use primary evidence from management actions over time, not generic descriptions. Focus on incentives, candor, per-share value creation, counterfactual alternatives, and decision quality under stress. Separate ex ante judgment from ex post outcomes. Explicitly identify where management’s words diverged from actions. Treat acquisitions, buybacks, dilution, leverage, and reinvestment as competing uses of capital. Conclude with: 1.management quality rating 2.capital allocation rating 3.governance rating 4.key evidence for and against 5.what would change your mind.

@fiscal_ai - CCP Regulatory scrutiny - Diworsification, diluting the great returns of their 🇨🇳 e-commerce business - Got complacent, losing local market share to Pinduoduo and Douyin.

Alibaba over the last 10 years: Revenue: +1,207% Stock Price: +65% What went wrong? $BABA

Edenred $eden.pa Scenario Analysis and IRR decomposition from today’s price (€15.72) 👇

@Arkalos77 A sum of the parts of this, using a sensible multiple on the mobility segment, implies the meal business is almost free.

Time to add more $eden.pa Edenred , I guess…

@stonkmetal @xyleneLFC It keeps getting higher by the day 😆…

@Arkalos77 @xyleneLFC *8%

@funaki68 I try to stay rational on this name despite getting punched in the face time and time again. Today’s price action implies that the whole 🇮🇹 business (both meal vouchers and mobility goes to 0️⃣) with further contamination in 🇫🇷.

@Arkalos77 That was my first thought as well, but what if this is actually a systemic issue in how they operate across multiple markets? In that case, we may have only seen the beginning. Quite a lot of regulatory headwinds currently. That said, the company looks solid on paper.

@Arkalos77 Italy gov such a joke we about to enter world war 3 and they worried abt fucking meal vouchers