Librarian Capital
"Vista Winds Down Hedge Fund, Citing Dominance of Private Markets" (Bloomberg)
"Founded in 2014 and ... managing about $550m ... the fund’s total net return was 12.8% YTD and 8.5% annualized since inception"
Skillsets for stockpicking and PE overlap only a little
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"Vista Winds Down Hedge Fund, Citing Dominance of Private Markets" (Bloomberg)
"Founded in 2014 and ... managing about $550m ... the fund’s total net return was 12.8% YTD and 8.5% annualized since inception"
Skillsets for stockpicking and PE overlap only a little
Vista Equity Partners has told investors it’s winding down its hedge fund amid a “structural shift” in markets toward private assets. https://t.co/wMIZl9HQxn tweet
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App Economy Insights
$ABNB Airbnb Q2 FY24:
💵 GBV +11% Y/Y to $21.2B.
🛌 Nights booked +9% Y/Y to 125M.
• Revenue +11% Y/Y to $2.75B ($10M beat).
• Operating margin 18% (-3pp Y/Y).
• EPS $0.86 ($0.05 miss).
• FCF +16% Y/Y to $1.0B.
Q3 Guidance:
• Revenue +9% to $3.7B ($3.84B expected). https://t.co/iRLtSFznbg
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$ABNB Airbnb Q2 FY24:
💵 GBV +11% Y/Y to $21.2B.
🛌 Nights booked +9% Y/Y to 125M.
• Revenue +11% Y/Y to $2.75B ($10M beat).
• Operating margin 18% (-3pp Y/Y).
• EPS $0.86 ($0.05 miss).
• FCF +16% Y/Y to $1.0B.
Q3 Guidance:
• Revenue +9% to $3.7B ($3.84B expected). https://t.co/iRLtSFznbg
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Capital Employed
FRESH OFF THE PRESS 🔥
Read our interview with @Jake___Barfield from Asheville Capital Management.
Jake discusses his background, research process, why he's bullish on Auto Partner $APR and two other stocks he's bullish on. 👇
https://t.co/oNu6kKs6zq https://t.co/GeHYFLXVMM
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FRESH OFF THE PRESS 🔥
Read our interview with @Jake___Barfield from Asheville Capital Management.
Jake discusses his background, research process, why he's bullish on Auto Partner $APR and two other stocks he's bullish on. 👇
https://t.co/oNu6kKs6zq https://t.co/GeHYFLXVMM
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Capital Employed
96 Q2 fund letters now added.
A superb source of insights and potential stock ideas...
https://t.co/0KI2PTSjEh https://t.co/TBRwuSNVbp
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96 Q2 fund letters now added.
A superb source of insights and potential stock ideas...
https://t.co/0KI2PTSjEh https://t.co/TBRwuSNVbp
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Librarian Capital
"How a $16bn tax stand-off stays unseen in Coca-Cola’s earnings" (FT)
$KO "could owe $16bn in back taxes, enough to wipe out a year and a half of profits ... the IRS would be able to impose a higher US tax bill ... adding 3.5% to a global tax rate that was 17.4% last year"
https://t.co/AAKb88BBqZ
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"How a $16bn tax stand-off stays unseen in Coca-Cola’s earnings" (FT)
$KO "could owe $16bn in back taxes, enough to wipe out a year and a half of profits ... the IRS would be able to impose a higher US tax bill ... adding 3.5% to a global tax rate that was 17.4% last year"
https://t.co/AAKb88BBqZ
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: $V processes >7,000 transactions per second & $MA processes >4,200 transactions per second
Railroads of global payments 🛤️💳
#stocks #investing
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RT @DimitryNakhla: $V processes >7,000 transactions per second & $MA processes >4,200 transactions per second
Railroads of global payments 🛤️💳
#stocks #investing
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Hidden Value Gems
Interesting observations by Tyler Grason from @PatientCM
➡️ Small-caps (since 1979) performed better than the S&P 500 once the Sahm Rule was triggered, outperforming the S&P most of the time and achieving a 100% win rate on a 3-year period.
➡️ S&P500 initially struggled but delivered +14.2% returns in 12 months.
Stay patient!
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Interesting observations by Tyler Grason from @PatientCM
➡️ Small-caps (since 1979) performed better than the S&P 500 once the Sahm Rule was triggered, outperforming the S&P most of the time and achieving a 100% win rate on a 3-year period.
➡️ S&P500 initially struggled but delivered +14.2% returns in 12 months.
Stay patient!
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App Economy Insights
RT @EconomyApp: $PLTR Palantir Q2 FY24:
• Net dollar retention 114% (+4pp Y/Y).
• Customers +41% Y/Y to 593.
• Billings +19% Y/Y to $718M.
• Revenue +27% Y/Y to $678M ($26M beat).
• Non-GAAP EPS $0.09 ($0.01 beat).
FY24 guidance:
• Revenue +23% Y/Y to $2.746B (+$64M).
• Adjusted margin 35% (+2pp).
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RT @EconomyApp: $PLTR Palantir Q2 FY24:
• Net dollar retention 114% (+4pp Y/Y).
• Customers +41% Y/Y to 593.
• Billings +19% Y/Y to $718M.
• Revenue +27% Y/Y to $678M ($26M beat).
• Non-GAAP EPS $0.09 ($0.01 beat).
FY24 guidance:
• Revenue +23% Y/Y to $2.746B (+$64M).
• Adjusted margin 35% (+2pp).
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Hidden Value Gems
Value investors could be in for a treat, if the analysis by @PzenaInvstmtMgt is correct:
✅ Over the past 65 years, cap-weighted index beat the equal-weight index by more than 10% in just 15 six-month periods out of more than 750 rolling six-month periods
✅ In the past, the bounce back for EW following these 12 extreme periods has tended to be dramatic and happens fairly quickly, as EW has, on average, significantly outperformed CW in one- and five-year time frames, and value outperformed both by a wide margin.
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Value investors could be in for a treat, if the analysis by @PzenaInvstmtMgt is correct:
✅ Over the past 65 years, cap-weighted index beat the equal-weight index by more than 10% in just 15 six-month periods out of more than 750 rolling six-month periods
✅ In the past, the bounce back for EW following these 12 extreme periods has tended to be dramatic and happens fairly quickly, as EW has, on average, significantly outperformed CW in one- and five-year time frames, and value outperformed both by a wide margin.
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