I agree, and Sievi Capital is probably a good point of comparison, although this one seems to be unprofitable. In these private equity firms, I think it would be good to achieve profitability, because otherwise, we are dependent on share price appreciation, and in today’s world, people want more “pure play” and less “sum of the parts.” For this reason, the unwinding of undervaluation might take a long time, and it’s certainly unpleasant if large losses are incurred while waiting for it. The company’s portfolio is indeed very interesting, and aggressive growth-oriented acquisitions have clearly been made upfront 
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