Offshore
Photo
Stock Analysis Compilation
Baron Capital on Ibotta $IBTA US
Thesis: Ibotta's strong partnerships, especially with Walmart, and its scalable, profitable cashback model position it as a leader in the digital rewards space, poised for significant growth
(Extract from their Q2 letter) https://t.co/tp19n82lSO
tweet
Baron Capital on Ibotta $IBTA US
Thesis: Ibotta's strong partnerships, especially with Walmart, and its scalable, profitable cashback model position it as a leader in the digital rewards space, poised for significant growth
(Extract from their Q2 letter) https://t.co/tp19n82lSO
tweet
AkhenOsiris
@munster_gene
ATT CEO now on CNBC: I don't think this phone will be crazy (like 4G to 5G) but ultimately the consumer will decide.
tweet
@munster_gene
ATT CEO now on CNBC: I don't think this phone will be crazy (like 4G to 5G) but ultimately the consumer will decide.
tweet
Offshore
Photo
Stock Analysis Compilation
Acatis on Veeva Systems $VEEV US
Thesis: Veeva Systems' robust position in cloud-based healthcare solutions, combined with a diversified product offering and strong cash flow, positions it for continued high-margin growth
(Extract from their Q2 letter) https://t.co/kZQ8Uf3r8p
tweet
Acatis on Veeva Systems $VEEV US
Thesis: Veeva Systems' robust position in cloud-based healthcare solutions, combined with a diversified product offering and strong cash flow, positions it for continued high-margin growth
(Extract from their Q2 letter) https://t.co/kZQ8Uf3r8p
tweet
Offshore
Photo
Stock Analysis Compilation
RS Investments on Mueller Water Products $MWA US
Thesis: Mueller Water Products is positioned to capitalize on the aging U.S. water infrastructure, with improving margins and ROIC driving future growth
(Extract from their Q2 letter) https://t.co/NGQPpnxlDD
tweet
RS Investments on Mueller Water Products $MWA US
Thesis: Mueller Water Products is positioned to capitalize on the aging U.S. water infrastructure, with improving margins and ROIC driving future growth
(Extract from their Q2 letter) https://t.co/NGQPpnxlDD
tweet
AkhenOsiris
Awww Dan, the retest of the lows was so close 😥
tweet
Awww Dan, the retest of the lows was so close 😥
I continue to look beyond the tech sector & the Magnificent 7 for ideas through year-end. I like consumer staples, telecom services & utilities as sectors that will benefit from rate cuts through year-end though roughly overbought near-term. Sentiment in oil is now getting negative enough that I believe it is a good time to look at the energy sector as well.
WTI oil last traded at these levels of $66 in December of 2021 and is near oversold levels. I believe for prices to go much lower, that global GDP growth will need to slow dramatically despite: 1) low oil prices now acting as a stimulant for global growth, and 2) expected rate cuts by central banks. - Dan Nilestweet
Offshore
Photo
Hidden Value Gems
A thought-provoking 24-page piece by @CliffordAsness on sticking with value investing, even if it is harder now than before.
Some excerpts:
➡️"I believe markets have gotten less efficient over the 34 years since the data in my dissertation ended. I believe it’s likely happened for multiple reasons but technology, gamified 24/7 trading on your phone, and social media in particular are the biggest culprits."
➡️"I think the ups and downs will be bigger and last longer, making more money for those who can stick with it long term, but making it harder to do so."
➡️"Smart investors worry about good strategies getting arbitraged away. That is, too many people are doing them, so going forward they will not look as good as their presumably attractive past. I think old-school active value and quality stock picking has seen the opposite occur. We should all look to fade strategies that have been arbitraged down and feed strategies that have been starved for capital."
➡️"Good investing has always been a challenge combining a) discerning what is right, and b) sticking with what is right. Both have always been vital and both still are. But if markets are indeed “less efficient,” the first task has actually gotten easier, and the second is harder — and the skills needed to pursue good investing have shifted."
tweet
A thought-provoking 24-page piece by @CliffordAsness on sticking with value investing, even if it is harder now than before.
Some excerpts:
➡️"I believe markets have gotten less efficient over the 34 years since the data in my dissertation ended. I believe it’s likely happened for multiple reasons but technology, gamified 24/7 trading on your phone, and social media in particular are the biggest culprits."
➡️"I think the ups and downs will be bigger and last longer, making more money for those who can stick with it long term, but making it harder to do so."
➡️"Smart investors worry about good strategies getting arbitraged away. That is, too many people are doing them, so going forward they will not look as good as their presumably attractive past. I think old-school active value and quality stock picking has seen the opposite occur. We should all look to fade strategies that have been arbitraged down and feed strategies that have been starved for capital."
➡️"Good investing has always been a challenge combining a) discerning what is right, and b) sticking with what is right. Both have always been vital and both still are. But if markets are indeed “less efficient,” the first task has actually gotten easier, and the second is harder — and the skills needed to pursue good investing have shifted."
tweet