Glennjdk @Glennjdk: "𝐈 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐝 𝐦𝐨𝐫𝐞 𝐒𝐚𝐧𝐥𝐨𝐫𝐞𝐧𝐳𝐨 𝐬𝐭𝐨𝐜𝐤𝐬..."

Denmark

𝐈 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐝 𝐦𝐨𝐫𝐞 𝐒𝐚𝐧𝐥𝐨𝐫𝐞𝐧𝐳𝐨 𝐬𝐭𝐨𝐜𝐤𝐬 𝐲𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲. It may not have been the busiest earnings week, as we didn't have any of the largest companies in the $SPX500 such as $AAPL (Apple) reporting earnings. However, we still had a few interesting companies report their earnings, one of which was $SL.MI (Sanlorenzo S.p.A) which saw a nearly 6% drop after its earnings announcement. The reasons for the decline are that revenue decreased in Europe and the backlog has also diminished slightly. Additionally, the acquisition of Nautor Swan Group has negatively impacted profit margins, at least in the short term, which the market has reacted to unfavorably, especially since Sanlorenzo has consistently increased its profit margins since its IPO. While I am not entirely pleased with the acquisition of Nautor Swan Group, I have confidence in the management, as the CEO is the largest shareholder and has performed exceptionally well historically. Management also noted that macroeconomic factors had a slight impact on its customers, which is why its yachts division remained flat year over year. However, this does not concern me, as, similar to $RMS.PA (Hermes International) and $RACE (Ferrari NV) . Sanlorenzo's clientele consists of Ultra High Net Worth Individuals. Of the positives, we saw significant growth in the rest of the world, as well as in the superyacht and Blugame divisions. You can learn more about Sanlorenzo in my analysis here: www.investseekers.com/post/sanlorenzo-investment-opportunities-in-high-end-yachting Have a nice day