Invariant | Devin LaSarre | Substack

Haypp Group: Ahead of the Nicotine Pouch Megatrend

Comprehensive analysis and valuation of a secular growth story.

Feb 25 •

Logista: Just Over Ten

Nov 24 •

Scandinavian Tobacco Group: Elusive

Nov 17 •

Haypp Group: Rerouting

Nov 10 •

Altria: Running Out

Nov 3 •

Philip Morris International: All Fronts

Oct 27 •

British American Tobacco: Refocused

Capital Markets Day 2024 note.

Oct 20 •

The Curious Case of Karelia

Contextualizing Greece's premier tobacco asset.

Oct 13 •

Invariant

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Valuation. Business analysis. Investing. Finance meets curiosity, creativity, and skepticism.

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