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Alexander Fernandez's avatar

Great deep dive on Gaztransport & Technigaz (GTT), Joel! It’s refreshing to see a focus on a niche, high-ROIC European company that’s flying under the radar compared to giants like LVMH or Novo Nordisk. The combination of stellar financial metrics—like that eye-popping 93% ROIC—and a strong competitive moat from patented cryogenic tech definitely makes a compelling case.

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Joel Sherwood's avatar

Thank you Alexander, really appreciate it. And agreed - I'm excited about GTT. Let's see how it goes. Have a great rest of your day and stay in touch.

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PitchStack Investing's avatar

93% ROIC is wild! Great write up

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Joel Sherwood's avatar

Thank you, much appreciated!

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The Dividend Prince's avatar

good point of view, the key risk you highlighted "cyclicality" is precisely what makes assessing its dividend safety and future growth rate so difficult here.

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Trung Nguyen @SWIs's avatar

https://open.substack.com/pub/sleepwellinvestments/p/gold-standard-of-naval-engineering here is the deep dive for the curious mind.

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Trung Nguyen @SWIs's avatar

Agreed of the quality, also an owner at 138...but also keeping an eye on the cyclicality. Anyone wants deep dive on the company, I have done it at the beginning of 2025.

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