⁠Stock Analysis Compilation
Bronte Capital on Capital One $COF US

Thesis: Capital One’s merger synergies with Discover promise years of earnings growth by bypassing Visa’s monopoly, but short-term challenges in Discover’s network remain

(Extract from their Q3 letter) https://t.co/x7zUbIGvku
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⁠Quiver Quantitative
Big month for Pelosi's portfolio so far.

I’ve been writing code that lets people track politicians’ portfolios on Quiver.

Nancy Pelosi has now made $10,000,000 in the stock market in December, per our estimates.

No other member of Congress has made more than $1M: https://t.co/whmRbJIPsn
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⁠Startup Archive
Balaji Srinivasan: “If you have runway, you’re not dead”

Balaji is asked for his thoughts on pivots and lists several examples of massive companies that pivoted from their initial idea:

• YouTube started as a dating site
• PayPal was originally built for beaming money between PalmPilots
• Slack started as a gaming company called Tiny Speck
• Opsware (sold for $1.6B) started as LoudCloud

He tells the audience:

“If you have the runway, you’re not dead. You iterate until you survive and thrive. And then you grow. And then you become big.”

Video source: @StartupGrind (2017)
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⁠Stock Analysis Compilation
Fairlight Capital on Monument Mining Limited $MMY CN

Thesis: Monument Mining combines low-cost gold production, rising profitability, and strong cash flow generation, trading at an attractive valuation of 3x forward earnings

(Extract from their Q3 letter) https://t.co/Dg5gnQ67rw
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⁠Investing visuals
Alphabet $GOOGL generated $40B in cloud revenue over the past 12 months, yet it’s just 10% of total revenue.

Here’s a full breakdown 👇 https://t.co/6ZEtL0xCfL
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⁠Quiver Quantitative
RT @PabloReports: Asked Rep. TIM BURCHETT (R-TN) about Trump's mass deportation plans. "If I was you, I'd look at which transit system congressmen from both sides of the aisle buy stock in," he said, adding: "That would give you a good indicator."
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⁠Dimitry Nakhla | Babylon Capital®
Some notable facts regarding $MELI 💸

Revenue CAGR (2019-2023): 58%
Revenue CAGR (2023-2027E): 26%
EPS CAGR (2023-2027E): 34%

LTM ROIC: 20.1%
LTM ROE: 42.6%

Cash & Short-Term Inv: $6.67B
LT Debt: $3.04B

FFO Int Coverage Ratio: 20x

#stocks #investing https://t.co/HopoYzUpnL
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⁠Hidden Value Gems
$TLW.L confirms it is in discussion with $KOS on all-share merger. Makes a lot of sense and would be a great deal given the overlap in assets, but it is a all-share deal which says a lot about the balance sheet and management’s views on fair values of respective shares.
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⁠Stock Analysis Compilation
FPA on Concentrix $CNXC US

Thesis: Concentrix’s low valuation and cash generation, coupled with strong client retention, make it a cautious hold in the face of AI competition

(Extract from their Q3 letter) https://t.co/sBChwipDzR
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⁠Hidden Value Gems
Has anyone come across a study on fiscal deficits and stock market returns. Probably relevant for small economies / EMs, less so for US …or maybe it is just a matter of time ?

It definitely looks interesting- US neg 7.6% (budget deficit of GDP), Russia at just -1.9%, Portugal and Greece even better 👀
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⁠App Economy Insights
$AVGO Broadcom Q4 FY24 (October quarter).

VMWare acquisition completed in November 2023 (impacting infrastructure software segment).

• Revenue +51% Y/Y to $14.1B (in-line).
• Non-GAAP EPS $1.42 ($0.03 beat).
• Dividend raised by 11% to $0.59.

Q1 FY25 guidance:
• Revenue ~$14.6B (in-line).
• Adjusted EBITDA margin ~66%.
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⁠Quiver Quantitative
RT @InsiderRadar: 🚨BREAKING: New CEO Insider Purchase

The interim CEO of $PLAY has reported the purchase of ~$960K of the company's stock.

The stock had fallen 32% over the last 5 days, leading the previous CEO to resign on Tuesday.
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