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Invest In Assets 📈
Mastercard is up +2.5% after its Q2 earnings $MA
• Revenue +13% (CC)
• Op. margin +1%
• Net Income +24%
• Earnings per share +27%
Great business 💎 https://t.co/WtHBYGc416
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Mastercard is up +2.5% after its Q2 earnings $MA
• Revenue +13% (CC)
• Op. margin +1%
• Net Income +24%
• Earnings per share +27%
Great business 💎 https://t.co/WtHBYGc416
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Finding Compounders
Low Risk, High Uncertainty
During his recent talk, Mohnish Pabrai (@MohnishPabrai )talks about how he came across Consol Energy which currently is 14% of his US portfolio .
The story starts in 2003/04 with IPSCO.
IPSCO is a tubular steel manufacturer in the US and Canada and when Pabrai came across it had no debt, had $15 per share in cash and was selling for around $40/ share.
IPSCO , because they had purchase orders , had extreme clarity with what the earnings of the next two years would be and they were going to be $15 for each year for the next two years .
So if you look at the cash and the next two years of earnings you are sitting on $45/ share for a stock selling for $40/share.
The market however didn’t see the value as it was wary of the uncertainty as they didn’t know what will happen to earnings in Year 3.
Mohnish bought in and a year later IPSCO announced another year of $15/ share of earnings.
Mohnish ended up exiting at around $154 /share after a Swedish company offered to buy IPSCO at $160/share
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Low Risk, High Uncertainty
During his recent talk, Mohnish Pabrai (@MohnishPabrai )talks about how he came across Consol Energy which currently is 14% of his US portfolio .
The story starts in 2003/04 with IPSCO.
IPSCO is a tubular steel manufacturer in the US and Canada and when Pabrai came across it had no debt, had $15 per share in cash and was selling for around $40/ share.
IPSCO , because they had purchase orders , had extreme clarity with what the earnings of the next two years would be and they were going to be $15 for each year for the next two years .
So if you look at the cash and the next two years of earnings you are sitting on $45/ share for a stock selling for $40/share.
The market however didn’t see the value as it was wary of the uncertainty as they didn’t know what will happen to earnings in Year 3.
Mohnish bought in and a year later IPSCO announced another year of $15/ share of earnings.
Mohnish ended up exiting at around $154 /share after a Swedish company offered to buy IPSCO at $160/share
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Librarian Capital
Pernod Ricard $RI likely doesn't have LATAM & Caribbean issue as Diageo $DGE
RI reports US and LATAM in single "Americas" region
Americas sales -7% organic in FY24Q1-3
Also -7% organic in H1 when US also -7%
So LATAM decline likely -7%
US is 19% of sales; Americas 28% (FY24H1) https://t.co/OIGdAwZzWb
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Pernod Ricard $RI likely doesn't have LATAM & Caribbean issue as Diageo $DGE
RI reports US and LATAM in single "Americas" region
Americas sales -7% organic in FY24Q1-3
Also -7% organic in H1 when US also -7%
So LATAM decline likely -7%
US is 19% of sales; Americas 28% (FY24H1) https://t.co/OIGdAwZzWb
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Hidden Value Gems
RT @HiddenValueGems: Quote of the day #54
#Stocks #Investing #StockMarket https://t.co/u44TuCok4B
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RT @HiddenValueGems: Quote of the day #54
#Stocks #Investing #StockMarket https://t.co/u44TuCok4B
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Brandon Beylo
I'm seeing a lot of negative/bearish sentiment around Uranium on here lately.
Fundamentals remain strong.
Technicals starting to look attractive, too.
$U.UN #uranium https://t.co/fch0RI1zYd
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I'm seeing a lot of negative/bearish sentiment around Uranium on here lately.
Fundamentals remain strong.
Technicals starting to look attractive, too.
$U.UN #uranium https://t.co/fch0RI1zYd
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Finding Compounders
Aswath Damodaran on the shortfalls of ROIC
Source: @MT_Capital1 https://t.co/aHfB03tI5d
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Aswath Damodaran on the shortfalls of ROIC
Source: @MT_Capital1 https://t.co/aHfB03tI5d
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iinvested
2Q'24 Vulcan Value Partners on $PLNT, $QRVO, $KMX,
https://t.co/x8sPnxBizA
More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/lYYYmCf96c
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2Q'24 Vulcan Value Partners on $PLNT, $QRVO, $KMX,
https://t.co/x8sPnxBizA
More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/lYYYmCf96c
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