Plural
Plural Investing
Mar 2025 → Dec 2025
Our archive holds 4 letters from this strategy, behind 4 investment theses and positions in 2 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in a year — follow all of Plural for every strategy.
Its investment theses
- Watches of Switzerland Group plcDec 2025Watches of Switzerland is a leading Rolex-authorized luxury watch retailer with superior economics, strong US growth and M&A runway, and an attractive 11x FCF valuation.
- Watches of SwitzerlandJun 2025Despite tariff headwinds, Watches of Switzerland is a structurally advantaged Rolex partner with underappreciated U.S. growth and acquisition potential, making its 10x FCF valuation a compelling long-term buying opportunity.
- SeaportMar 2025Seaport is significantly enhancing its value through effective management changes, including a long-term lease with Meow Wolf at Pier 17, which is expected to attract over one million visitors annually and boost surrounding businesses.
- Watches of Switzerland GroupMar 2025WOSG is primarily driven by Rolex and Patek Philippe sales, with strong pricing power and potential for long-term growth despite the impact of tariffs.