⁠Quality Stocks
📢🎯 Analyst Recommendation Changes

🇮🇹 Ferrari $RACE
Bernstein. Buy. $488 ▶️ $599 🟢

🇨🇭 Nestle $NESN
DB. Hold. 95 ▶️ 90 CHF 🔴

🇫🇷 Pernod $RI
Stifel. Hold. 160€ ▶️ 152€ 🔴

🇸🇪🇬🇧 AstraZeneca $AZN
BNP. Buy. £143 ▶️ £151 🟢
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⁠Librarian Capital
John Hempton (Bronte) on perils of top-down stockpicking with metrics like ROIC:

"Good results are always visible .. and the stock is priced for it"

"Miss a break of whatever it was that made the wonderful business"

French Connection >20% ROIC in 1998-2004, before losing 90% https://t.co/BtYsKXsWGi
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⁠Stock Analysis Compilation
Ariel Investments on Emaar Properties $EMAAR UH

Thesis: Emaar Properties is capitalizing on Dubai's post-COVID real estate boom, with strong growth across key sectors poised to drive substantial financial performance

(Extract from their Q2 letter) https://t.co/Z6ILQctKau
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⁠Invest In Assets 📈
RT @InvestInAssets: My investing strategy summarized 🧠

Buy high-quality companies:
- Growth +10%
- ROC +15%
- Margins above industry
- Cash conversion +75%
- Interest coverage +10x
- FCF yield > Risk-Free Rate
- Low dilution

Let's continue👇🏼 https://t.co/qXdCL5ZFbX
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⁠Librarian Capital
Example of misunderstanding around nicotine pouches

Guardian columnist: "I knew them by the name of “snus”. I lived in Sweden for a while, where ... these nicotine pouches ... unlike the products in Britain, contain tobacco"

False. Snus & nicotine pouches are DIFFERENT products https://t.co/0oorMudRUq

I (regrettably) tried a nicotine pouch. It made me question what I think about addiction | Imogen West-Knights https://t.co/Rx8edQZPFe - Guardian Opinion
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⁠Hidden Value Gems
I think there are a few things the UK could learn from Ireland 👇🏽

One has a rapidly falling Debt/GDP and a surplus budget, EU member, just 12.5% corporate income tax.

The other: rising Debt/GDP (over 100% now), rising budget deficit, not EU member any longer, 25% corporate income tax

'Ireland’s luxury problem: what to do with its €8.6bn surplus" - @FT
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⁠Quality Stocks
🇵🇱 Dino Polska $DNP One Pager

🏆 Score 6.1/10
🎯 My fair price estimation is around 380PLN

🐂 Bull case
- Growing fast
- Gaining market share
- Great capital efficiency

🐻 Bear case
- Margin decrease due to price war to increase market share
- Slowing growth
- 100% dependent on the Polish market
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⁠Librarian Capital
Smithson $SSON: No portfolio changes in Aug-24

NAV +0.4% but share price -0.7% in Aug (£)

NAV growth just 8.7% p.a. since inception and <1% above benchmark (msci smid)

spirax $spx listed #2 in top detractors as expected https://t.co/w0msnuzucu
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⁠Hidden Value Gems
🧑🏽‍🏭I am looking for a bright analyst to help me with fundamental stock research and portfolio management.

🔎📊Essential skills: curiosity, open-mindedness, hard-working, basic Excel modelling, good written English, passion for stock investing.

💻I am based in London UK/remote work is an option.

📨DM your details if you are interested.
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