Offshore
Photo
Hidden Value Gems
RT @HiddenValueGems: 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
tweet
RT @HiddenValueGems: 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
tweet
Offshore
Photo
Hidden Value Gems
RT @HiddenValueGems: Quote of the day #62
#Investing #Risk #StockMarket https://t.co/RGkCiAK0wD
tweet
RT @HiddenValueGems: Quote of the day #62
#Investing #Risk #StockMarket https://t.co/RGkCiAK0wD
tweet
Offshore
Photo
Hidden Value Gems
This looks like a true hidden value gem! Lion Rock - one of the largest book printers in the world, led by the founder and largest shareholder, CK Lau.
40% of the market cap is net cash, the stock trades at 6x P/E and 31% FCF yield, 8.5% div yield.
@MikeFritzell met the founder a few months ago during his trip to HK. He has a full write-up on the stock.
Do you think they will launch / increase share buyback or do more acquisitions, Michael?
$1127.HK
tweet
This looks like a true hidden value gem! Lion Rock - one of the largest book printers in the world, led by the founder and largest shareholder, CK Lau.
40% of the market cap is net cash, the stock trades at 6x P/E and 31% FCF yield, 8.5% div yield.
@MikeFritzell met the founder a few months ago during his trip to HK. He has a full write-up on the stock.
Do you think they will launch / increase share buyback or do more acquisitions, Michael?
$1127.HK
tweet
Offshore
Photo
Hidden Value Gems
RT @HiddenValueGems: A very interesting article showing how biased our opinions are.
Important for investors to keep in mind when we think this time is different or particularly special (as the reason to sell, stay out of equities etc.) https://t.co/HHeGxQogHm
tweet
RT @HiddenValueGems: A very interesting article showing how biased our opinions are.
Important for investors to keep in mind when we think this time is different or particularly special (as the reason to sell, stay out of equities etc.) https://t.co/HHeGxQogHm
tweet
Offshore
Photo
Librarian Capital
Disney $DIS: A year on after this tweet on leading UK "value" investor disclosing stake in Jul-23 update
DIS had risen ~40% up to Apr-24, but lost all of that and is now down 3% in past year (the fund seems to have rode DIS down as well as up)
"Value" investing is hard https://t.co/RVCtKh71L9
tweet
Disney $DIS: A year on after this tweet on leading UK "value" investor disclosing stake in Jul-23 update
DIS had risen ~40% up to Apr-24, but lost all of that and is now down 3% in past year (the fund seems to have rode DIS down as well as up)
"Value" investing is hard https://t.co/RVCtKh71L9
This UK global "value" fund started a $DIS stake in July
"It is believed that Disney will go back to doing what it does best and ... will create a hugely valuable DTC platform and media franchise in the new and evolving media landscape"
It's probably some sort of signal ... tweet
Offshore
Photo
Invest In Assets 📈
Amazon $AMZN trades at 15.6 times OCF (10-year low)
ROIC 5Y is 8.3%
Operating margin is 9%
Long-term EPS growth is +23%
Is Amazon attractive at the current price? https://t.co/OI3aRhI6aS
tweet
Amazon $AMZN trades at 15.6 times OCF (10-year low)
ROIC 5Y is 8.3%
Operating margin is 9%
Long-term EPS growth is +23%
Is Amazon attractive at the current price? https://t.co/OI3aRhI6aS
tweet
Offshore
Photo
Librarian Capital
"Multinationals sound alarm over weak demand in China" (FT)
L'Oréal $OR CEO: "The only part of the world where consumer confidence remains very low is China ... The job market is not healthy and many ... have put their savings into real estate, which has lost a lot of its value” https://t.co/H4BtMAEwE0
tweet
"Multinationals sound alarm over weak demand in China" (FT)
L'Oréal $OR CEO: "The only part of the world where consumer confidence remains very low is China ... The job market is not healthy and many ... have put their savings into real estate, which has lost a lot of its value” https://t.co/H4BtMAEwE0
tweet