⁠Librarian Capital
Ulta Beauty $ULTA: Easy to forget shares were already in a ditch before COVID-19 hit US in 2020

Comp sales growth went from +11% to 5% in 2017-19
Shares fell nearly ~30% in H2 2019 https://t.co/vXnQoimkpE
tweet

⁠Hidden Value Gems
Quote of the day #89

Jeff Bezos on scale and shareholder value https://t.co/ROwcmjkO6E
tweet

⁠Librarian Capital
"Retail is a very tough business. Practically every great chain-store operation that has been around long enough eventually gets in trouble and is hard to fix"

- Charlie Munger, in Alice Schroeder's "The Snowball"

cc: $ULTA https://t.co/jlnm0d10l9
tweet

⁠Stock Analysis Compilation
River Oaks Capital on Medical Facilities $DR US

Medical Facilities offers strong upside with aggressive share buybacks, cost reductions, and high cash returns to shareholders, all while nearing debt-free status

(Extract from their Q2 letter) https://t.co/tkgobGvOf0
tweet

⁠Librarian Capital
Capital cycle, US beauty specialty retail edition

Ulta Beauty $ULTA: "More than 1,000 new points of distribution opened in the last 3 years .... More than 80% of our stores have been impacted by 1 or more competitive opening ... with more than ½ impacted by multiple" (FY24Q2) https://t.co/KWMBRhkeAx
tweet

⁠Quiver Quantitative
Tucker Carlson has said he’s done using ZYN, since the makers are big Kamala Harris donors.

I took a look at our data, and this seems like a bit of an exaggeration:

Have not seen ZYN PACs donate any money to Harris.

Have seen employees donate ~$20K.

https://t.co/RA7Q0LxMw8
tweet

⁠Stock Analysis Compilation
The London Company on Bruker $BRKR US

Bruker’s innovative instruments and strong capital allocation create a compelling growth story driven by life sciences and proteomics research

(Extract from their Q2 letter) https://t.co/Xq2Embw6am
tweet

⁠Librarian Capital
"UK regulator pushes banks to give savers better value even as rates fall" (FT) $LLOY $NWG

"The announcement came a year after the FCA outlined a 14-point plan to push for banks to improve how they passed on recent interest rate increases to consumers"

https://t.co/wjKNp84AcL

Pete Davies (Lansdowne) on UK banks (LVIC, 7-Jun)

"I think UK banks, unhedged, make about a 30% Return on Equity at the moment, and yet the market assumes when the hedges fall off they will make 13-14% ... they are trading at just above book value"

$LLOY $NWG https://t.co/4sxFZDdQpH - Librarian Capital
tweet

⁠Librarian Capital
"Campari’s Top Investor to Buy Up to $111M in Shares, Citing Market Value" (WSJ)

"Lagfin owned 51.4% of Campari’s $CPR ordinary shares and held 82.5% of its voting rights"
https://t.co/8oBP4USxw6 https://t.co/vRTyCL8UaA
tweet