The 🐿️ has DRS!
The Blind Squirrel's Monday Morning Notes. Year 3; Week 21.
Monaco Grand Prix weekend sees the 🐿️ inspired to venture back into the F1 paddock.
In case you missed it, the 🐿️ sat down with his friend Matt Marsh on Friday to discuss the world of motorsports marketing. I learned a huge amount and even Mrs. 🐿️ enjoyed it. Do check it out!
Full video and report here 👇
The 🐿️ has DRS!
Early on in the interview, Matt and I comforted each other about not making it to the final cut of Series 7 of Drive to Survive on Netflix after we had been filmed in conversation with Gunther Steiner in Melbourne last year. That encounter was a catalyst for one of the best performing ‘single stock’ acorns of 2024 - a long position in Formula One Group FWONK 0.00%↑ (full write up in the report linked below).
After the parabolic move at the end of last year / beginning of 2025, I set a trailing stop and existed the trade at $95 / share in early March. A nasty drawdown was avoided but the shares are now trading back above my exit price.
Formula One is a tough name for investors with a strong value bias however the 🐿️ still finds himself drawn to participating in the future of one of the most powerful brands in global sport.
Let’s re-underwrite the thesis.
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