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Hidden Value Gems
RT @HiddenValueGems: “An investment strategy built around ROIC is going to leave you with a portfolio of older and declining firms, and some of them will be value traps, because what you're capturing with the return investment capital is your past, that this company used to have great investments. Kraft Heinz, has a great return investment capital. It's not because of the new projects it's taking. It's because that 57 varieties of Ketchup are paying off in terms of what they did for you 10 years ago, 20 years ago, 30 years ago. ROIC is a backward looking accounting number.”
- Aswath Damodaran
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RT @HiddenValueGems: “An investment strategy built around ROIC is going to leave you with a portfolio of older and declining firms, and some of them will be value traps, because what you're capturing with the return investment capital is your past, that this company used to have great investments. Kraft Heinz, has a great return investment capital. It's not because of the new projects it's taking. It's because that 57 varieties of Ketchup are paying off in terms of what they did for you 10 years ago, 20 years ago, 30 years ago. ROIC is a backward looking accounting number.”
- Aswath Damodaran
Aswath Damodaran on the shortfalls of ROIC
Source: @MT_Capital1 https://t.co/fycdjbJdvS tweet
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Quiver Quantitative
🚨 JUST IN: We just got an update on AOC's financial holdings.
She disclosed up to $46K in assets, which is down from the up to $60K she disclosed last year.
She still owes up to $50K in student loans.
Full holdings are up on the Quiver site. https://t.co/OXkFdcGN9k
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🚨 JUST IN: We just got an update on AOC's financial holdings.
She disclosed up to $46K in assets, which is down from the up to $60K she disclosed last year.
She still owes up to $50K in student loans.
Full holdings are up on the Quiver site. https://t.co/OXkFdcGN9k
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Stock Analysis Compilation
Hedge funds' best ideas #5 is in your inbox 🔥
(link below)
All the analysis published here in the last 7 days, in plain text, with links to all the letters.
Alluvial Capital / Alta Fox / Aristotle / Asheville Capital / Boyar Research / Cedar Creek Partners / Colebrooke Partners / Deep Sail Capital / East72 Dynasty Trust / Ensemble Capital / Giverny Capital / Heartland Advisors / Kinsman Oak / Liberty Park CM / Longleaf / Loomis Sayles / LRT Capital / Maran Capital / Polen Capital / Protean Funds / Rogue Funds / Rubicon Equities / TAMIM Fund
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Hedge funds' best ideas #5 is in your inbox 🔥
(link below)
All the analysis published here in the last 7 days, in plain text, with links to all the letters.
Alluvial Capital / Alta Fox / Aristotle / Asheville Capital / Boyar Research / Cedar Creek Partners / Colebrooke Partners / Deep Sail Capital / East72 Dynasty Trust / Ensemble Capital / Giverny Capital / Heartland Advisors / Kinsman Oak / Liberty Park CM / Longleaf / Loomis Sayles / LRT Capital / Maran Capital / Polen Capital / Protean Funds / Rogue Funds / Rubicon Equities / TAMIM Fund
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Quiver Quantitative
🚨 JUST IN: We just got an update on JD Vance's financial holdings.
It shows that he put up to $100K into $SPY back in October.
He sold his whole ~$100K position in a crude oil ETF, $OILK, in February of last year.
Full holdings are up on the Quiver site. https://t.co/Kbhv7op07p
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🚨 JUST IN: We just got an update on JD Vance's financial holdings.
It shows that he put up to $100K into $SPY back in October.
He sold his whole ~$100K position in a crude oil ETF, $OILK, in February of last year.
Full holdings are up on the Quiver site. https://t.co/Kbhv7op07p
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Quiver Quantitative
Representative Matt Gaetz has said:
"We should make donations from lobbyists and PACs ILLEGAL to people running for federal office."
We've been writing code to track campaign contributions.
Here are the members who have received the most from corporate PACs so far: https://t.co/weX2QTcJWH
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Representative Matt Gaetz has said:
"We should make donations from lobbyists and PACs ILLEGAL to people running for federal office."
We've been writing code to track campaign contributions.
Here are the members who have received the most from corporate PACs so far: https://t.co/weX2QTcJWH
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Librarian Capital
Elf Beauty $ELF down 23% since FY25Q1 results (8-Aug)
FY25Q1 (Apr-Jun) sales +50% y/y ($324.5m)
But Adj. EBITDA just +4% y/y ($77.4m)
FY25 outlook was raised:
Sales +25-27% (was 20-22%)
Adj. EPS $3.36-3.41 (was $3.20-3.25), implies 43x P/E
cc: $EL $OR https://t.co/GFjHlolnyx
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Elf Beauty $ELF down 23% since FY25Q1 results (8-Aug)
FY25Q1 (Apr-Jun) sales +50% y/y ($324.5m)
But Adj. EBITDA just +4% y/y ($77.4m)
FY25 outlook was raised:
Sales +25-27% (was 20-22%)
Adj. EPS $3.36-3.41 (was $3.20-3.25), implies 43x P/E
cc: $EL $OR https://t.co/GFjHlolnyx
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Stock Analysis Compilation
Fairlight Capital on BQE Water $BQE CN
Thesis: BQE Water is well-positioned with innovative water treatment technologies and potential 'company-maker' projects in the mining industry, currently trading at an attractive valuation
(Extract from their Q2 letter) https://t.co/zQWo5cRULL
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Fairlight Capital on BQE Water $BQE CN
Thesis: BQE Water is well-positioned with innovative water treatment technologies and potential 'company-maker' projects in the mining industry, currently trading at an attractive valuation
(Extract from their Q2 letter) https://t.co/zQWo5cRULL
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Hidden Value Gems
RT @HiddenValueGems: A very interesting strategy - buying stocks that were excluded from the index.
🧵👇🏼
➡️ @RA_Insights have unveiled “a stock index named NIXT that would have earned investors about 74 times their money since 1991 by buying stocks kicked out of indexes.”
h/t @Spencerjakab
1/4 https://t.co/lhnIHYEitz
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RT @HiddenValueGems: A very interesting strategy - buying stocks that were excluded from the index.
🧵👇🏼
➡️ @RA_Insights have unveiled “a stock index named NIXT that would have earned investors about 74 times their money since 1991 by buying stocks kicked out of indexes.”
h/t @Spencerjakab
1/4 https://t.co/lhnIHYEitz
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Capital Employed
Enjoyed listening to this episode by @FoundersPodcast
How Fastenal $FAST grew by a relentless focus on excellent customer service.
You would think customer service would be an obvious thing for all companies to focus on but unfortunately it's not.
https://t.co/wwRhM8cD3i
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Enjoyed listening to this episode by @FoundersPodcast
How Fastenal $FAST grew by a relentless focus on excellent customer service.
You would think customer service would be an obvious thing for all companies to focus on but unfortunately it's not.
https://t.co/wwRhM8cD3i
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