Lovisa has compounded revenue at 20% for 8yrs (5x), it has 800 stores worldwide and rapidly expanding. I've unpacked my view of the business model and its durability to grow through the next decade.
Nice detailed insights, was a buyer on the recent pullback on ceo change, i tend to think with lovisa’s economics the CEO running the show isn’t necessarily a huge factor especially with their growth opportunities, also, Brett is still at the helm and as you said he still takes the shots where it matters for the firm.
I’ve enjoyed your write ups! If you’re in Sydney, would be pleased to grab a coffee some time, always enjoy meeting like minded investors. - Damon from ECP Asset Mgmt.
Nice detailed insights, was a buyer on the recent pullback on ceo change, i tend to think with lovisa’s economics the CEO running the show isn’t necessarily a huge factor especially with their growth opportunities, also, Brett is still at the helm and as you said he still takes the shots where it matters for the firm.
I’ve enjoyed your write ups! If you’re in Sydney, would be pleased to grab a coffee some time, always enjoy meeting like minded investors. - Damon from ECP Asset Mgmt.
Gday Damon I’m in Sydney on Wednesday if you are around to grab a coffee?
Sure am, around mid day works best. Shoot me a note damon(dot)callaghan(at)ecpam(dot)com.