⁠Finding Compounders
The late Jim Simons shreds through the Efficient Market Theory https://t.co/komIeF8mCG
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⁠Hidden Value Gems
Hard to keep business owner mindset when the industry is selling all kind of stuff.

There are now twice as many mutual funds as there are common stocks in the US.

h/t @charliebilello https://t.co/JIQfKqB3LE
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⁠Hidden Value Gems
Quote of the day #54

#Stocks #Investing #StockMarket https://t.co/u44TuCok4B
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⁠Librarian Capital
Croda 24H1

Ex-FX, sales -4.4%, EBIT -18.9% y/y
In £, sales +0.3%, EBIT -6.0% h/h

Consumer sales grew y/y, h/h

Life Sciences sales fell h/h (Seed + COVID lipids)
Crop, Con. Health de-stocking

Sees 2024 Adj. PBT £260-280m (was £260-300m)
$CRDA -5%, market cap £5,460m (~27x P/E) https://t.co/LABGwPMQr0
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⁠Librarian Capital
Diageo $DEO FY24 (Jun)

Sales -1% organic and reported (same as H1)
Adj. EBIT -5% organic, -6% reported
Adj. EPS -9% ($1.796)

Sales by region:
N America -3% organic
Europe +3%, APAC +4%
Africa +12%, LATAM & C -21%

$DGE -9.5% https://t.co/uPlz4Gbd7q
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⁠Librarian Capital
We published this on Diageo $DGE $DEO 2 months ago when shares were at ~£26; now ~£23
https://t.co/A6TRt1lRNz

Turns out it wasn't quite "darkest before the dawn" yet

Update review to follow later today

"Diageo: Darkest Before the Dawn? Shares Near COVID Trough and <19x- Librarian Capital
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⁠Finding Compounders
In Berkshire’s 1997 letter, Warren Buffett explains how he thinks about Market Fluctuations. https://t.co/yb1UBh3qcA
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⁠Librarian Capital
P&G $PG FY24Q4 (Apr-Jun)

Q4 Sales +2% organic (volume +2%)
Grooming +7%; Baby, Feminine & Family Care -2%
Core GM +140bps (51.5%)
Core EBIT Margin -100bps (23.8%)
Core EPS +2%

FY24 Core EPS +12% ($6.59)

FY25 outlook
Sales +3-5% organic
Core EPS +5-7% ($6.91-7.05)

-4% pre-mkt. https://t.co/KZxxGtcrwA
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⁠Librarian Capital
PayPal $PYPL 24Q2

TPV +11%, Net Revenues +8%
Transaction Margin Dollars +8%
EBIT +17% GAAP, +24% Non-GAAP
EPS +17% GAAP, +36% Non-GAAP

Raises 2024 guidance
Non-GAAP EPS to see low- to mid-teens growth
(was MSD-to-HSD)

+9% pre-market https://t.co/FcGMwq6aTs
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