Value Hive Podcast Kristoffer Lindstrom: Physitrack (PTRK) Deep Dive & More
Aug 22, 2025
Kristoffer Lindstrom, founder and analyst at LIND Research, brings his expertise in active value investing to the conversation. He delves into the investment potential of Physitrack, emphasizing its life care division and uncovering hidden value amidst challenges. Lundstrom shares his unique journey from bank teller to investor, highlighting strategies for evaluating micro-cap investments. He discusses the importance of transparency in financial reporting and navigates the vibrant Nordic investment culture, providing insightful perspectives on both opportunities and challenges in the market.
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Early Start And Career Path
- Kristoffer began investing young, worked as a bank teller and equity analyst, and wrote research from age 19.
- He later joined RedEye, covered growth companies, and eventually launched LIND Research to publish independent work.
Engage To Unlock Hidden Value
- Engage with companies to close the value gap and influence outcomes even without being a formal activist.
- Help companies improve reporting and visibility to unlock shareholder value.
Hidden SaaS Value Beneath A Troubled Group
- Physitrack's LifeCare unit is a high-margin niche SaaS with recurring revenue hidden beneath a struggling Wellness segment.
- The market priced the whole group cheaply due to M&A missteps, poor reporting, and founder selling.
