Groupe Bruxelles Lambert
GBLB.BB
position
long
First Eagle Investment Management
Thesis
Our view is that it continues to trade at a double discount, in the sense that if you do a sum of the parts comparison with the public price, that's a discount. Additionally, a number of the businesses it owns have been trading below intrinsic values.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the investment thesis has played out. The assertion of a double discount and undervalued businesses remains unverified without further information on price movements or market conditions.
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