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Stock Analysis Compilation
Clearbridge on ELF $ELF US
Thesis: ELF’s ability to scale globally and its innovative products make it a strong contender in the cosmetics industry.
(Extract from their Q2 letter) https://t.co/qHxC3rmFaU
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Clearbridge on ELF $ELF US
Thesis: ELF’s ability to scale globally and its innovative products make it a strong contender in the cosmetics industry.
(Extract from their Q2 letter) https://t.co/qHxC3rmFaU
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Librarian Capital
Ulta Beauty $ULTA ROCE was at 40%+ last 3 years
But ROCE is an output and a lagging indicator
And a high ROCE will also means it is worthwhile for competitors to expand even if they are less efficient
This is exactly what has been happening https://t.co/HbUdEkCQsN
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Ulta Beauty $ULTA ROCE was at 40%+ last 3 years
But ROCE is an output and a lagging indicator
And a high ROCE will also means it is worthwhile for competitors to expand even if they are less efficient
This is exactly what has been happening https://t.co/HbUdEkCQsN
"Ulta Beauty: At the Wrong Side of a Capital Cycle"
We review this Q2 Berkshire Hathaway $BRK.B investment ahead of next week’s investor day
$ULTA shares are back to 2022 levels
https://t.co/TRRyrLDXd8 https://t.co/gLMPZtT4cJ tweet
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Capital Employed
A load more Q3 letters were added over the weekend.
A treasure trove of ideas and insights... 👇
https://t.co/z8VTurKKQI https://t.co/O2qOIM2TVn
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A load more Q3 letters were added over the weekend.
A treasure trove of ideas and insights... 👇
https://t.co/z8VTurKKQI https://t.co/O2qOIM2TVn
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Capital Employed
Another bull case for Alico $ALCO 🍊
@david_katunaric and @uv_shares have both done good write-ups on Alico too, both worth checking out.
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Another bull case for Alico $ALCO 🍊
@david_katunaric and @uv_shares have both done good write-ups on Alico too, both worth checking out.
New Investment Idea: Long Alico $ALCO
Favorable Contract Repricing and Real Estate Strategy to Unlock Value
- Tropicana Contract Repricing Alone will Contribute to a 24% Increase in FY '25 Citrus Revenue
- Majority of ALCO’s Value to be Realized Through Execution of Non-Core Land Sales with $84.9M to be Realized in the Near-Term
Free Upside: Volume Recovery From Efficacy of Oxytetracycline (OTC) Treatments and Ramp Up in Tree Count
One pager attached. tweet
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Hidden Value Gems
RT @HiddenValueGems: Q3 Oakmark's portfolio changes:
Sold $AXP $MO $GOOG
Purchased $DGE.L $RI.PA $GPC $MKKGY $AKZA.AS $AZE.BR
Summary of Buy theses 🧵👇🏽
1⃣ Diageo & Pernod Ricard
1/4 https://t.co/7tSE6LlprV
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RT @HiddenValueGems: Q3 Oakmark's portfolio changes:
Sold $AXP $MO $GOOG
Purchased $DGE.L $RI.PA $GPC $MKKGY $AKZA.AS $AZE.BR
Summary of Buy theses 🧵👇🏽
1⃣ Diageo & Pernod Ricard
1/4 https://t.co/7tSE6LlprV
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Librarian Capital
Barry Diller FT interview quotes:
On Hollywood: "It is no more. Netflix, Amazon and Apple are really the controllers of the worldwide film & television business"
On Trump: "I did not like him. It is 45 years now since my first encounter [and] I have never spoken to him since"
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Barry Diller FT interview quotes:
On Hollywood: "It is no more. Netflix, Amazon and Apple are really the controllers of the worldwide film & television business"
On Trump: "I did not like him. It is 45 years now since my first encounter [and] I have never spoken to him since"
Barry Diller: Hollywood’s hold over entertainment ‘is no more’ https://t.co/2looDHfcuc tweet
twitter.com
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Librarian Capital
"The total returns from the Fund’s three Swiss healthcare companies – Alcon, Novartis, and Roche – have each outperformed the Nasdaq index"
- Troy Global Equity Fund (Aug-24 update)
This appears to be no longer true
And it was not true on longer periods
$ALC $NOVN $ROG https://t.co/J9ocgx2PnE
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"The total returns from the Fund’s three Swiss healthcare companies – Alcon, Novartis, and Roche – have each outperformed the Nasdaq index"
- Troy Global Equity Fund (Aug-24 update)
This appears to be no longer true
And it was not true on longer periods
$ALC $NOVN $ROG https://t.co/J9ocgx2PnE
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Capital Employed
Interesting idea by @HiddenRockCap on Mammoth Energy Services $TUSK
Deep value idea with majority of market value in net cash.
Full write-up here 👇
https://t.co/rKp8wFMY9B
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Interesting idea by @HiddenRockCap on Mammoth Energy Services $TUSK
Deep value idea with majority of market value in net cash.
Full write-up here 👇
https://t.co/rKp8wFMY9B
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Offshore
Video
Startup Archive
Flexport CEO Ryan Petersen explains why your initial vision for your company is probably wrong
When Ryan first applied to Y Combinator he wanted Flexport to be “TurboTax for customs.” But that vision changed a lot. As Ryan explains:
“The more you learn and the more customers you talk to and the more vendors you talk to, the more you realize how screwed up the world is in this space. Then [the vision] actually gets bigger and bigger and keeps expanding.”
Y Combinator CEO Garry Tan says this is a common pattern he sees in startups too:
“There’s a misconception that you wake up from a haze and you’re like ‘This is it. This is the vision.” But the story is actually ‘Oh here’s this thing that I know I can solve.’ And then once you solve it and people really like it, it sort of expands and expands.”
Ryan concludes:
“If a founder is too certain of exactly what the vision is and what the product’s going to look like and how it’s all going to work, they’re probably wrong. The world is super messy.”
Video source: @garrytan (2022)
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Flexport CEO Ryan Petersen explains why your initial vision for your company is probably wrong
When Ryan first applied to Y Combinator he wanted Flexport to be “TurboTax for customs.” But that vision changed a lot. As Ryan explains:
“The more you learn and the more customers you talk to and the more vendors you talk to, the more you realize how screwed up the world is in this space. Then [the vision] actually gets bigger and bigger and keeps expanding.”
Y Combinator CEO Garry Tan says this is a common pattern he sees in startups too:
“There’s a misconception that you wake up from a haze and you’re like ‘This is it. This is the vision.” But the story is actually ‘Oh here’s this thing that I know I can solve.’ And then once you solve it and people really like it, it sort of expands and expands.”
Ryan concludes:
“If a founder is too certain of exactly what the vision is and what the product’s going to look like and how it’s all going to work, they’re probably wrong. The world is super messy.”
Video source: @garrytan (2022)
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