Another good year behind for Alma. And when you look at, for instance, the 10-year share price chart, the big picture is a steady uphill climb. Likewise, the dividend is constantly rising. For some reason, the company just doesn’t seem to interest investors. For example, this thread started in 11/19 and only has 227 posts. I once attended an Annual General Meeting (AGM) and somehow got the impression of a boring and old-fashioned company. In reality, the business is very modern, quite different from a dusty old publishing house. Recruitment, online marketplaces, KL (Kauppalehti) and Talouselämä, and many other publications. And in recent years, Alma has been a very active acquirer. I was out of the stock for a while, but I’ve now returned because I realized that, in the end, Alma is exactly the kind of Buffett-style company where “money is transferred from the impatient to the patient.”
5 Likes