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Hidden Value Gems
Howard Marks’ memo “You can’t predict. You can prepare”, written back in 2001, is a must-read today. Here are the key quotes 🧵👇
✅ “Seen through the lens of human perception, cycles are often viewed as less symmetrical than they are. Negative price fluctuations are called "volatility," while positive price fluctuations are called "profit." Collapsing markets are called "selling panics," while surges receive more benign descriptions (but I think they may best be seen as "buying panics"; see tech stocks in 1999, for example).”
1/13
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Howard Marks’ memo “You can’t predict. You can prepare”, written back in 2001, is a must-read today. Here are the key quotes 🧵👇
✅ “Seen through the lens of human perception, cycles are often viewed as less symmetrical than they are. Negative price fluctuations are called "volatility," while positive price fluctuations are called "profit." Collapsing markets are called "selling panics," while surges receive more benign descriptions (but I think they may best be seen as "buying panics"; see tech stocks in 1999, for example).”
1/13
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Invest In Assets 📈
RT @InvestInAssets: ROIC by industry is a useful way of identifying what sectors will provide long-term returns https://t.co/e4RP7AtgxV
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RT @InvestInAssets: ROIC by industry is a useful way of identifying what sectors will provide long-term returns https://t.co/e4RP7AtgxV
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Stock Analysis Compilation
TAMIM Fund on Viva Leisure $VVA AU
Thesis: Viva Leisure's strategic acquisitions will cement its position as Australia's second-largest network, with substantial growth potential and a low valuation of less than 4x EV/EBITDA
(Extract from their Q2 letter) https://t.co/h4bhsqvDaW
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TAMIM Fund on Viva Leisure $VVA AU
Thesis: Viva Leisure's strategic acquisitions will cement its position as Australia's second-largest network, with substantial growth potential and a low valuation of less than 4x EV/EBITDA
(Extract from their Q2 letter) https://t.co/h4bhsqvDaW
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Stock Analysis Compilation
Rubicon Equities on SMCP $SMCP FP
Thesis: SMCP, trading at an all-time low, offers a unique opportunity as legal issues resolve and potential sales transactions loom, with a valuation far below intrinsic worth
(Extract from their Q2 letter) https://t.co/XUX6v87Lye
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Rubicon Equities on SMCP $SMCP FP
Thesis: SMCP, trading at an all-time low, offers a unique opportunity as legal issues resolve and potential sales transactions loom, with a valuation far below intrinsic worth
(Extract from their Q2 letter) https://t.co/XUX6v87Lye
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Stock Analysis Compilation
Hedge funds' best ideas #4 is in your inbox 🔥
(link below)
All the analysis published here in the last 7 days, in plain text, with links to all the letters.
1 Main Capital / Ace River Capital / East72 Dynasty Trust / Focus Capital / Greystone Value / Lakehouse Capital / Laughing Water Capital / Massif Capital / Miller Value / Munro Partners / Optimist Fund / Palm Harbour Capital / Patient Capital Management / Patient Capital/TGV Partners Fund / Pernas Research / Royce Investment / Rubicon Equities / Smoak Capital / TAMIM Fund / White Falcon Capital
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Hedge funds' best ideas #4 is in your inbox 🔥
(link below)
All the analysis published here in the last 7 days, in plain text, with links to all the letters.
1 Main Capital / Ace River Capital / East72 Dynasty Trust / Focus Capital / Greystone Value / Lakehouse Capital / Laughing Water Capital / Massif Capital / Miller Value / Munro Partners / Optimist Fund / Palm Harbour Capital / Patient Capital Management / Patient Capital/TGV Partners Fund / Pernas Research / Royce Investment / Rubicon Equities / Smoak Capital / TAMIM Fund / White Falcon Capital
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Stock Analysis Compilation
Liberty Park CM on Kornit Digital $KRNT US
Thesis: Kornit Digital, with strong cash reserves and innovative technology, offers a compelling turnaround opportunity as it shifts to recurring revenue streams and returns to profitability
(Extract from their Q2 letter) https://t.co/7dMoqrvLCi
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Liberty Park CM on Kornit Digital $KRNT US
Thesis: Kornit Digital, with strong cash reserves and innovative technology, offers a compelling turnaround opportunity as it shifts to recurring revenue streams and returns to profitability
(Extract from their Q2 letter) https://t.co/7dMoqrvLCi
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Stock Analysis Compilation
Polen Capital on MSCI $MSCI US
Thesis: Revisiting MSCI at a lower price, they see strong long-term growth driven by high retention rates and strategic positioning in passive and ESG investments
(Extract from their Q2 letter) https://t.co/CqWkvgkr7S
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Polen Capital on MSCI $MSCI US
Thesis: Revisiting MSCI at a lower price, they see strong long-term growth driven by high retention rates and strategic positioning in passive and ESG investments
(Extract from their Q2 letter) https://t.co/CqWkvgkr7S
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Stock Analysis Compilation
Rogue Funds on RADCOM $RDCM US
Thesis: RADCOM, with strong cash reserves and better-than-expected growth in 5G assurance, is poised for significant upside as it executes above expectations and explores strategic acquisitions
(Extract from their Q2 letter) https://t.co/qgX1JODp6t
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Rogue Funds on RADCOM $RDCM US
Thesis: RADCOM, with strong cash reserves and better-than-expected growth in 5G assurance, is poised for significant upside as it executes above expectations and explores strategic acquisitions
(Extract from their Q2 letter) https://t.co/qgX1JODp6t
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Capital Employed
RT @capitalemployed: 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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RT @capitalemployed: 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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