⁠Librarian Capital
Nick Train on AG Barr $BAG (~4% of $LTIT)

Returned +2.5% p.a. since 2014
But ~13% p.a. since 2021 entry vs. NASDAQ ~10%

"Might outperform the currently frothy NASDAQ again for a period of time"

LTIT has gained +2.3% p.a. L5Y, but +15.1% p.a. L10Y

#NeverSell? https://t.co/vzA7pXifYb
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⁠Hidden Value Gems
Quote of the day #91 https://t.co/J7KJKU5sP2
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⁠Hidden Value Gems
I remember receiving lots of criticism when I flagged $NKE as an interesting idea in June. https://t.co/ePwq30RMUm

I think $NKE is one of those investment opportunities today. Not cheap in absolute terms (22x PE), but this is on a cyclically low earnings and it is below historical avg PE of 25. https://t.co/YS3FZ1flPt - Hidden Value Gems
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⁠Hidden Value Gems
This PM is bullish on $QXO

✅ It is rolling up building-products distributors in a sector that is fragmented and ripe for consolidation.

✅ $6 per share is net cash (almost 50% of the mkt cap).

✅ The company is listed as an applications software company with little analyst coverage.

✅ QXO is run by Brad Jacobs, who has created a lot of value with his businesses incl. $XPO and $URI
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⁠Librarian Capital
"Fund manager" speaking at the FT Weekend Festival, comparing himself with Buffett and then saying:

"I was almost running money at the end of the 80s in Japan"

He was born in 1972, graduated from university in 1995
So a teenager "at the end of the 80s" https://t.co/5OVZBZu0Ac
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⁠Librarian Capital
European Opportunities Trust $EOT (Darwall) portfolio & performance attribution for FY24 (31-May)

Novo Nordisk $NOVO was >⅓ of FY24 NAV gain (5.4% out of 15.5%); was 14.2% of portfolio at year-end https://t.co/fCiGB94pEa
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⁠Librarian Capital
Warren Buffett has sold more Bank of America $BAC

$BRK.B "sold $896m of the stock this week. That means total proceeds from share disposals since mid-July and dividends earned since 2011 have surpassed the $14.6bn" entry cost

Will soon fall below 10% disclosure threshold

Warren Buffett’s continued disposals of Bank of America shares have now covered the billionaire’s investment cost, leaving him with a more than $34 billion stake that’s pure profit https://t.co/TuP5t66gT1 - Bloomberg
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⁠Stock Analysis Compilation
Smithson on Inficon $IFCN SW

Inficon’s strong position in semiconductor and renewable energy markets, paired with geopolitical advantages, makes it a top contender for sustained growth

(Extract from their Q2 letter) https://t.co/MG95aoCP0Z
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⁠Librarian Capital
Example where tariffs didn't raise prices: US Whiskey

Brown-Forman $BF.B absorb cost of new tariffs after EU imposed these in retaliation vs. US tariffs on steel/alum.

FY19 Gross Margin fell 260 bps "due primarily to tariffs" https://t.co/CIoJbOIPs6
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⁠Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: Having Trouble Finding Undervalued Quality Compounders w Market Near Highs❓

Here Are 7 Reasonably Valued Quality Stocks | P/E | EPS Growth Estimates | LTM ROIC 💸

💳 Visa $V
•NTM P/E: 27.24x
•10-Year Mean: 28.17x
•2024E: $9.92 (13.1% YoY)
•2025E: $11.07 (11.6% YoY)
•2026E: $12.54 (13.3% YoY)
•LTM ROIC: 35.7%

🖨️ ASML Holding $ASML
•NTM P/E: 29.39x
•10-Year Mean: 31.10x
•2024E: $18.83 (-5.4% YoY)
•2025E: $29.54 (56.9% YoY)
•2026E: $34.34 (16.3% YoY)
•LTM ROIC: 39.7%

💵 Mastercard $MA
•NTM P/E: 32.81x
•10-Year Mean: 31.42x
•2024E: $14.32 (16.8% YoY)
•2025E: $16.57 (15.7% YoY)
•2026E: $19.33 (16.7% YoY)
•LTM ROIC: 65.7%

✈️ Booking Holdings $BKNG
•NTM P/E: 21.78x
•10-Year Mean: 26.80x
•2024E: $174.59 (14.7% YoY)
•2025E: $200.86 (15.0% YoY)
•2026E: $235.73 (17.4% YoY)
•LTM ROIC: 48.4%

📦 Amazon $AMZN
•P/OCF: 18.13x
•10-Year Mean: 24.25x
•2024E: $11.20 (38.2% YoY)
•2025E: $13.22 (18.0% YoY)
•2026E: $16.53 (25.0% YoY)
•LTM ROIC: 13.8%

🖱️ Alphabet $GOOG $GOOGL
•NTM P/E: 19.96x
•10-Year Mean: 23.59x
•2024E: $7.64 (31.7% YoY)
•2025E: $8.71 (14.0% YoY)
•2026E: $10.02 (15.0% YoY)
•LTM ROIC: 30.9%

👜 Moët Hennessy Louis V $LVMH $MC
•NTM P/E: 19.43x
•10-Year Mean: 23.95x
•2024E: €29.71 (-2.0% YoY)
•2025E: €32.86 (10.6% YoY)
•2026E: €35.66 (8.5% YoY)
•LTM ROIC: 19.1%

#stocks #investing
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𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.

𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.

𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲.
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