Letters by company

Banca Monte dei Paschi di Siena

1 letter discussing BMDPD. Everything written about it on this site is on its ticker page.

Smead Capital Management 3Q25 International Value Strategy Newsletter: Scaling Old Industries Smead Capital Management argues that scale is creating value in mature European banking and Canadian oil. It backs Unicredit's technology-led consolidation strategy and favors an all-stock resolution to the MEG Energy bidding contest, where Strathcona Resources and Cenovus see large merger synergies. 3Q25 CVE $57BSTHRF $5.9BUNCFF $133B