Paradox Interactive Ab - ...if just one more expansion

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  1. People were afraid Transport Fever would flop, so the market is relieved by the good sales. In my opinion, the game is quite mediocre, and hardly any long tail can be expected.
  2. They even made a profit from selling Playrion, and got rid of the mobile game market, where Paradox’s model has no business being.
  3. Personally, I’m eagerly awaiting LEGO: Cities and believe it will hit the jackpot.
  4. Earnings will only continue to grow over the winter.

PS. Just for fun, I bought Spiltan Invest, which holds a large stake in Paradox, but also all kinds of other junk like compounders, small caps, and Swedish real estate. At Paradox’s price, you get this other slag practically thrown in for free, even if I wrote down their book value by 50–100%. The CEO has amusing delusions of grandeur about being Sweden’s Buffett, but the discount is real at 10–35%.

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