Brandon Beylo
“This pullback in metals prices is good and healthy.

We needed a shakeout of positioning for the next move higher.

I welcome the volatility.” https://t.co/6vdnjt4rqV
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 Q-Cap 
This is the « Beat + Raise » are not good enough anymore part of the cycle.

Rate expectations are driving the bus.

And my guess is the first central bank to cut will be Canada.

Trudeau’s approval numbers are horrendous (70% disapproval rating according to Angus Reid). He needs to change that narrative and he’s already publicly said he’d like rate cuts very soon (Of course he does that little prick).

Currently , mkts are pricing in a 65% chance of a -25bps rate cut in Canada at the June meeting vs an 8% chance for the FED cutting rates are the June meeting.

If this actually comes to fruition , there will be a meaningful narrative change in all markets.
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Clark Square Capital
RT @AReviewOrTwo1: This is a very good list on the characteristics of an outstanding analysts / PMs: https://t.co/gTpt8zFXGr
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Brandon Beylo
Somehow I feel like $U.UN will close lower tomorrow despite this news.

And yes, we are long.

#uranium

“Wyoming has the uranium to replace Russian imports, and we’re ready to use it.” -ranking member @SenJohnBarrasso https://t.co/FLEGZXYQLW - Senate Energy GOP
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Clark Square Capital
Greenlight Q1 24 Investor Letter:

https://t.co/x7lGgBatbB https://t.co/smReIlVTJc
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Clark Square Capital
Big fan of the work Tristan is doing.

The April 2024 Letter for the Hurdle Rate Unit Trust is now available on https://t.co/TCI5IQ2dZr

Letter - https://t.co/tSKGfSZmOs - Tristan
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 Q-Cap 
Knicks never disappoint https://t.co/Yxylfigt59
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Hidden Value Gems
Applies to #Exor too 👇🏼

An incredible case study of how brand power can translate into more value for shareholders by @IntrinsicInv discussing $RACE :

✅ "After the company went public in 2015, it reported revenue of just under €3 billion for the year while shipping less than 8,000 cars at an average selling price (ASP) of €270,000 per car. EBITDA margins were 25%. Importantly, by our calculation, its return on invested capital (ROIC) was over 100%."

✅"In 2024, the company expects to generate over €6.7 billion in revenue in 2024 with EBITDA margins exceeding 38%. We expect over 14,000 cars to be shipped with an ASP over €400,000 – that is an ASP increase of €100,000 over the past 5 years!"

✅"When we did our first deep dive into the business in 2016, we estimated there were 2-3 million potential high net worth customers who could afford to buy a Ferrari. Consequently, selling less than 8,000 cars meant a customer capture percentage of less than 0.1% in any given year. Even this year, when the company will likely sell 14,000 cars, we believe it is still selling to less than 0.1% of its potential market." - Hidden Value Gems
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Antonio Linares
RT @holdmybirra: Prox podcast de @10ampro es con 2 pesos pesados para hablar sobre @nvidia @alc2022 (deep dives) y @gerdelgado (team Nvdia) https://t.co/wCIcHaXtgW
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The Institutional Limited Partner
15€ for a small bunch of Lilly of the valley. We don’t need lower rates!
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