Bergman & Beving AB - $BERG

One cannot simply compare a swedish serial acquirer to another. They own vastly different assets, corresponding in vastly different expectations for organic growth. Furthermore, some companies has a proven track record when it comes to capital allocation. Bergman & Beving is the OG in this regard. Putting swedish serial acquirers in a spreadsheet comparing P/E multiples or other measures without context should be considered a sin.