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Ehrmantraut Capital
@EhrmantrautCap_
Investor from the Netherlands | AI, memory, photonics and space. Not financial advice.
参加 November 2025
150 フォロー中    17.9K ファン
Another day, another shitday for Novo $NVO as their long-term pipeline plan and revenue where underwhelming, aiming for revenue growth in line with industry peers from here to 2030. Perhaps my best decision this year was to sell $NVO over half a year ago and buy Micron $MU instead, when I realised the management sucked and the pipeline is getting them nowhere compared to Eli Lilly $LLY. Served as a good lesson of a classic "value trap". On the surface, it looks strongly undervalued compared to its competitor Eli Lilly. But beneath the surface, managerial concerns, a lousy pipeline and very disappointing results from CagriSema (even underperforming tirzepatide) were legitimate factors that compressed the valuation multiple.
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