⁠Librarian Capital
RT @AaronParnas: WOW. Mike Johnson now is signaling his support to REPEAL the bipartisan CHIPS and Science Act. Spread this everywhere. https://t.co/RTsBs7aUMF
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⁠Capital Employed
Essential weekend reading if you're seeking new ideas...

44 Top Stock Pitches (16th-31st October)💡

From medtech to uranium to Canadian construction companies.

Many interesting ‘fresh-off-the-press’ stock pitches for subscribers to work through!

https://t.co/1FRY6gwgYd https://t.co/jUeL4xdsys - Capital Employed
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⁠iinvested
Nice write ups by SouthernSun SMID Cap on $APG, $GNRC

More fund letters here:
https://t.co/ccjFhSPQ2v https://t.co/iuoW1ywI3C
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⁠Librarian Capital
For Tobacco stocks, earnings season's now done

We have reviews of Q3 results at both Philip Morris $PM and Altria $MO, and of the investor day at British American Tobacco $BATS $BTI

PM still multi-year compounder
BAT worth small bet as value stock

Link: https://t.co/hQtdYDNNQC https://t.co/40GfPXQJvj
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⁠Stock Analysis Compilation
Ariel Investments on Publicis $PUB FP

Thesis: Publicis Groupe’s advanced digital platform and technology-driven approach make it a growth-ready leader in scalable, data-centric advertising.

(Extract from their Q3 letter) https://t.co/r8I30Ixw1y
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⁠Librarian Capital
FT "Skin in the Game" column, a history:

Nov-22: starts with £438k

"To ensure my money is where my pen is, you will be able to view the performance of my portfolio each week"

Oct-24: £513k, i.e. +17% (£) after 23 months

Nov-24: Appears to have stopped disclosing portfolio https://t.co/bJww1zUzO8
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⁠Librarian Capital
Estée Lauder $EL: Fabrizio Freda's sweet retirement

Will be "special advisor" for 1.5 years (Jun-26)
"20% of his time"
"Base salary rate of $2.1m will remain unchanged"
FY25 incentive opportunity of $3.125m
FY26 equity award grant of $12.5m
Relocation expenses + other benefits https://t.co/MWPNm2kgCB
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⁠Librarian Capital
Directors may become too attached to mgmt. over time
UK Corporate Governance Code, for example, states that a director is no longer "independent" after 9 years

Estée Lauder new lead "independent" board director Richard Zannino has been on $EL board for ... 14 years (since 2010) https://t.co/dUXmQLWuYX

Estée Lauder’s lead independent board director, who oversaw its succession process, will be replaced next week. It has been been an intense week for $EL following the announcement of a new CEO and the exit of the Lauder family from management positions
https://t.co/VeNV6jXs0s - Sabela Ojea
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