Monthly recap #9

An update on a previously discussed company, and other interesting things from May

GN Store Nord

GN Store Nord was discussed in December 2022: at that time the stock had already lost more than 70% from the peak in 2021, and it has since lost another -42%! My conclusion was that GN Store Nord was a decent company in a market with steady but not spectacular growth (3%-5% in hearing aids) but that despite the drop in price it was “cheap” …