Time for a quick update on my portfolio activity this month. I’ve added two new positions: $SAP (SAP SE ADR) and $EVS.BR. Both align well with my goal of holding strong, reliable businesses for the long run.
𝗪𝗵𝘆 𝗦𝗔𝗣?
SAP remains one of the most deeply integrated ERP systems across the world’s largest enterprises. These systems are mission‑critical and extremely costly to replace, creating a long‑term lock‑in effect. One of the reasons I bought SAP is my belief that 𝗔𝗜 𝘄𝗼𝗻’𝘁 𝗾𝘂𝗶𝗰𝗸𝗹𝘆 𝗿𝗲𝗽𝗹𝗮𝗰𝗲 𝗦𝗔𝗣, because companies depend heavily on SAP's integrated processes and industry‑specific modules. Instead of being disrupted, SAP is incorporating AI into its cloud ecosystem, strengthening its competitive position as it transitions customers to S/4HANA Cloud.
𝗪𝗵𝘆 𝗘𝗩𝗦?
EVS is a Belgian gem and a global leader in live broadcast and replay technology. Their solutions are used in major sporting events worldwide, and the company benefits from long sales cycles, high switching costs, and the growing demand for live content. On top of that, in a world where so much content is becoming “fake” or AI‑generated, 𝗹𝗶𝘃𝗲 𝘀𝗽𝗼𝗿𝘁𝘀 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 𝘁𝗿𝘂𝗹𝘆 𝗮𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰 𝘃𝗶𝗲𝘄𝗶𝗻𝗴 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝘀 — and EVS continues to be the go‑to supplier behind those moments. With several major sports events coming up in 2026, I see this as another tailwind for the business.
Combined with their strong fundamentals, consistent profitability, and solid dividend track record, EVS remains an attractive long‑term compounder in my view. The balance sheet is strong, the valuation is still appealing, and the outlook remains positive.... Show More
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