⁠Librarian Capital
Pernod Ricard $RI: India has surpassed China as their 2nd biggest market as of FY24

FY24: India was 12% of sales, vs. China's 10%
(compared to both at 11% for FY24H1)

(India has always been bigger than China at Diageo $DGE $DEO for historical reasons) https://t.co/6Rb9Helbbd
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⁠Librarian Capital
"Someone with no industry experience second-guessing commercial business decisions in a bubble"

A photo of Bill Ackman is displayed on the original post*

* Note I am not saying the quote describes him

This newsletter is a textbook example of someone with no industry experience second-guessing commercial business decisions in a bubble. https://t.co/U6jU7n4LwD - Matt Levine
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⁠Bourbon Capital
$UNH is one of the best defensive stocks out there

$UNH trades at 20 times forward PE
ROIC 10Y: 12%
Dividend Growth 10Y: 20%
Long-term EPS growth is +12%

UnitedHealth Group returns 1999-2024: https://t.co/HMfOXdxBbZ
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⁠Quality Investing with Aria
Followed by Barack Obama btw

@amitisinvesting Apple could earn a better ROI if it just bought TSLA and NVDA stock. I know, I know... its "a strategic investment". - phil beisel
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⁠Librarian Capital
"Pubs hit out at UK plans to ban smoking in outdoor areas" (FT)

More demand for nicotine pouches, potentially

$BATS' Velo supposedly is 55% of UK category volume

A more general point is anti-smoking laws generally add to the bull case behind $PM (via ZYN)

Pubs hit out at UK plans to ban smoking in outdoor areas https://t.co/xMB9CaNl5t - Financial Times
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⁠Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: 10 Quality Stocks Market Cap <$50b20% | Trading Near Mean P/E | Balance Sheet💵

☁️ Veeva Systems $VEEV ($32B)
•LTM ROIC: 10.7%
•NTM P/E: 31.88x
•5-Year Mean: 59.72x
•Cash & Short-Term Inv: $4.76B
•Long-Term Debt: $0

🏥 Medpace Holdings $MEDP ($12B)
•LTM ROIC: 41.5%
•NTM P/E: 30.94x
•5-Year Mean: 30.13x
•Cash & Short-Term Inv: $510.89M
•Long-Term Debt: $0

🚛 Old Dominion Freight $ODFL ($41B)
•LTM ROIC: 36.9%
•NTM P/E: 32.35x
•5-Year Mean: 29.38x
•Cash & Short-Term Inv: $104.58M
•Long-Term Debt: $39.98M

🫀 Edwards Lifesciences $EW ($42B)
•LTM ROIC: 22.9%
•NTM P/E: 24.41x
•5-Year Mean: 37.02x
•Cash & Short-Term Inv: $1.98B
•Long-Term Debt: $597M

💄 Ulta Beauty $ULTA ($18B)
•LTM ROIC: 38.2%
•NTM P/E: 14.38x
•5-Year Mean: 21.90x
•Cash & Short-Term Inv: $524.60M
•Long-Term Debt: $0

📐 Graco $GGG ($14B)
•LTM ROIC: 23.5%
•NTM P/E: 26.67x
•5-Year Mean: 27.69x
•Cash & Short-Term Inv: $665.01M
•Long-Term Debt: $0

🧾 Paychex $PAYX ($47B)
•LTM ROIC: 45.6%
•NTM P/E: 26.09x
•5-Year Mean: 28.18x
•Cash & Short-Term Inv: $1.50B
•Long-Term Debt: $798.60M

🥤 Monster Beverage $MNST ($46B)
•LTM ROIC: 30.9%
•NTM P/E: 26.31x
•5-Year Mean: 32.15x
•Cash & Short-Term Inv: $1.56B
•Long-Term Debt: $748.74M

💼 Kinsale Capital $KNSL ($11B)
•LTM ROIC: 32.4%
•NTM P/E: 29.74x
•5-Year Mean: 37.82x
•Cash & Short-Term Inv: $3.4B
•Long-Term Debt: $183.98M

🚿 A O Smith $AOS ($12B)
•LTM ROIC: 36.1%
•NTM P/E: 20.79x
•5-Year Mean: 19.56x
•Cash & Short-Term Inv: $233.30M
•Long-Term Debt: $130.40M

#stocks #investing
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⁠Stock Analysis Compilation
Artisan Partners on Marvell Technology $MRVL US

Thesis: Marvell is well-positioned to capitalize on AI data center growth and the shift toward custom silicon solutions, setting the stage for a potential cyclical recovery

(Extract from their Q2 letter) https://t.co/risFpo8LqB
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⁠Bourbon Capital
Earnings After Close:

$LULU Lululemon Athletica
$DELL Dell Technologies
$MRVL Marvell Technology
$ADSK Autodesk
$ULTA Ulta Beauty
$MDB MongoDB
$ESTC Elastic
$HCP HashiCorp
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⁠Quality Investing with Aria
Full update later:

Sold 75% of my $PAYC to buy $GOOGL @ 160.6

Google 🔎
- 20 PE
- 15-20% EPS Growth
- Moat wider than the Mariana trench

Paycom 📊
- 27 PE
- 15% or less growth
- I'm not quite confident in mild switching-costs and technological leadership as the moat
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⁠App Economy Insights
RT @EconomyApp: $NVDA NVIDIA Data Center growth visualized. https://t.co/bp3j8WByRS
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⁠PitchDeckGuy
Was Steve Jobs the last great innovator?

Check their original product decks👇 https://t.co/6pTlLwkHts
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AkhenOsiris
$AAPL

Nikkei: Apple orders over 10% more iPhones than last year on AI bet
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AkhenOsiris
$NVDA

Raised to:

$150 Morgan Stanley
$155 Bernstein
$165 Wells Fargo
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AkhenOsiris
In other news, Taiwan export data correlation to $NVDA DC revs can be considered dead...Wells Fargo's Rakers had made the note suggesting DC revs would be $23B this quarter
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AkhenOsiris
Trying to understand, does the upcoming 2nd half of Sept market dump take us to retest the lows? Or has that ship sailed?

Anyone hear from the retest camp lately? @DanielTNiles
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