Grupo Supervielle S.A. (SUPV): A High-Beta Thesis on Argentina’s Structural Transformation

Investment Analysis: Bergman & Beving AB (BERG-B.ST)

1. Company Overview & Business Model Bergman & Beving AB (publ) (“B&B”) is a Swedish holding company that operates as a “serial acquirer” of niche business-to-business (B2B) companies.1 The company’s core business model is not traditional, integrated industrial operations. Instead, it is centered on acquiring, owning, and developing niche businesses for the long term, a […]

Allegion plc (ALLE) — A Spec’d-In Compounder Marked Down as a Construction Cyclical, at Its Cheapest Multiple in a Decade

Slide Deck Independent Equity Research — Initiation Report date: 2026-06-29 · Price (2026-06-26): $139.71 Sector: Industrials · Building Products & Security · CIK: 0001579241 · FY-end: December ⚡ Claude’s Take This is the author’s own independent, subjective opinion and general information only. It is not investment advice and not a recommendation to buy or sell any security. Everything below this block (the analysis proper) is deliberately position-free and carries […]

Investment Analysis: Momentum Group AB (publ) (MMGR-B.ST)

1. Company Overview & Business Model Momentum Group AB (publ) is a Nordic industrial group that operates as a serial acquirer, specializing in the development and acquisition of profitable, sustainable companies. The Group, in its current form, was listed on the Nasdaq Stockholm Main Market in March 2022 following a spin-off from Alligo AB.1 The […]

Alligo AB (ALLIGO-B.ST): Investment Research and Fundamental Analysis

1. Company Overview & Business Model Alligo AB (publ) is a prominent Nordic distributor of industrial supplies, operating as a “multi-channel, multi-format” merchant. The company’s primary focus is on B2B sales of workwear, personal protective equipment (PPE), tools, and consumables.1 The current corporate structure is the result of a 2019 public offer by Momentum Group […]

Investment Analysis: Judges Scientific Plc (JDG.LSE)

1. Company Overview & Business Model 1.1 The “Buy-and-Build” Serial Acquirer Model Judges Scientific Plc (Judges) is not a traditional, operationally integrated industrial company. It is a specialist holding company, listed on the AIM market of the London Stock Exchange, whose entire business model is centered on a “buy-and-build” strategy.1 The Group’s purpose is to […]