Shawn Burns is Solve the Riddle

 Examining Inditex (Zara) with a look through to Lovisa Inditex e$150B market cap, is a fast fashion apparel designer and retailer. Owns Zara which is 70% of sales. Lovisa US$2.1B market cap, fast fashion jewellery and accessories. This summary is based on a Business Breakdown podcast on Inditex and my musings and opinions! Despite being in adjacent industries, INDI and LOV share similarities. INDI is arguably the most successful fast-fashion company, running an offline and online strategy. The similarities stem from the business model, which allows new fashions to be introduced into stores quickly. The measurement of success is constantly bringing the right fashion to customers. A large proportion of the inventory is created very late in the cycle, relative to competitors. The feedback loop is important, ie to quickly assess what is selling and what is not. Designs can change in a couple of weeks and new, fresh products can reach store shelves in a few weeks. The dynam...

  Now that I have some time, I am just about done for the year and have all company results complete (I think). I will put down my thoughts on MIN. I will not try to repeat what has been said. as an overview, this is clearly a commodity company with all that entails, ie, the main one being large uncertainty of outcomes and wide valuation ranges, so it is not my core area of investment interest., not by a long way. i have said before this is about as risky i will go. below are the main issues, IMO, and my opinion on them Balance sheet, MIN has done a good job but has not killed the monster and therefore not killed the risk. The duration of debt and the sale proceeds of the infrastructure and energy assets delay the issue. it now depends on Onslow cashflows to pay the debt down as a de-risking exercise. the MinServ cashflows are very sound, much better than other MS businesses i have seen, but while they will keep debt at bay, they cannot extinguish it alone at a rate I find appealin...