⁠Librarian Capital
"Direct Line accounting error led to ‘miscalculation’ of solvency measure" (FT)

$DLG down 11% since this exchange

Berenberg: "Buyback would reduce excess capital"

Us: "£50m in buybacks and ... £199m in dividends in H1 2022 right before the P&L blown (sic) up in H2"

@Whiffles https://t.co/JTnFvkLOm7

Direct Line accounting error led to ‘miscalculation’ of solvency measure https://t.co/PnrARkKxHl - Financial Times
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⁠Librarian Capital
"Direct Line accounting error led to ‘miscalculation’ of solvency measure" (FT)

$DLG down 11% since this exchange

Berenberg: "Buyback would reduce excess capital"

Us: "£50m in buybacks and ... £199m in dividends in H1 2022 right before the P&L blew (sic) up in H2"

@Whiffles https://t.co/SuSCJM9jLW

Direct Line accounting error led to ‘miscalculation’ of solvency measure https://t.co/PnrARkKxHl - Financial Times
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⁠Bourbon Capital
Lulelemon is going to report earnings next week, the stock is down 50% from its peak, and the stock remains undervalued

Lululemon Athletica Inc. $LULU Jan 2019

Net Debt < 0🟢
Rev: $3.9B
Gross Profit: $1.88B
EPS: $3.63
Gross Margin: 55%
Share Price: $150
Inventory Turnover: 4.01

$LULU Jan 2024

Net Debt < 0🟢
Rev: $9.6B (+140%)🟢
Gross Profit: $5.6B (+190%)🟢
EPS: $12.23 (+200%)🟢
Gross Margin: 58%🟢
Share Price: $260
Inventory Turnover: 2.89
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⁠Stock Analysis Compilation
FMI Funds on Henry Schein $HSIC US

Thesis: Despite recent challenges, Henry Schein's market leadership and growth prospects in dental services make it an attractive investment at current valuations

(Extract from their Q2 letter) https://t.co/ViWgmcmeee
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⁠App Economy Insights
What are you watching this week?

• Monday: $PDD.
• Tuesday: $S.
• Wednesday: $CHWY, $CRM, $CRWD, $HPQ, $NVDA, $OKTA, $VEEV.
• Thursday: $ADSK, $BBY, $DELL, $ESTC, $LULU, $MDB.

All visualized in our PRO coverage next Saturday. https://t.co/HjbAkMk6Ds
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⁠Stock Analysis Compilation
Heartland Advisors on Fidelity Information Services $FIS US

Thesis: FIS's strategic refocus under new leadership, along with its strong recurring revenue base, positions the company for improved profitability and growth

(Extract from their Q2 letter) https://t.co/XRQKi5pP3h
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⁠Invest In Assets 📈
The true measure of a stock portfolio: https://t.co/1fcYkDZIZP
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⁠Stock Analysis Compilation
Riverwater Partners on Limoneira $LMNR US

Thesis: Limoneira's undervalued land assets and strategic shift toward more profitable ventures offer significant upside potential, making it a compelling long-term investment

(Extract from their Q2 letter) https://t.co/OYMcfEFq7g
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⁠Quality Stocks
Which theme is your favorite?

PAYMENT
🇺🇸 Visa $V
🇳🇱 Adyen $ADYEN
🇺🇸 Paypal $PYPL

CYBERSECURITY
🇺🇸 Fortinet $FTNT
🇺🇸 Palo Alto $PANW
🇺🇸 Qualys $QLYS

CLOUD
🇺🇸 Alphabet $GOOGL
🇺🇸 Arista $ANET
🇺🇸 Microsoft $MSFT

DEFENSE
🇩🇪 Rheinmetall $RHM
🇸🇪 Saab $SAAB
🇺🇸 RTX $RTX

DIABETES / OBESITY
🇺🇸 Eli Lilly $LLY
🇩🇰 Novo Nordisk $NVO
🇺🇸 Dexcom $DXCM
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⁠Bourbon Capital
Remember,

You aren't going to improve your finances by praying or saving a few dollars on coffee. Miracles don't exist, so stop hoping for one

Instead, focus on investing your money or starting a side hustle. Both strategies can significantly improve your financial situation.
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⁠iinvested
2Q'24 Curreen Capital on $SOLV, $DYNDF, $EHAB, $VFC

https://t.co/qAaSqfWd1j

More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/8yrG9ec5V0
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