⁠Investing visuals
Visa $V is down 4% today following news that the Justice Department plans to file a lawsuit against the company, accusing it of monopolizing the U.S. debit card market.

Would this change your investment thesis for $V and could this benefit $MA? 🔍👀 https://t.co/33Rkg62Gd8
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⁠Librarian Capital
Some companies blame exits from Russia for part of sales declines

British American Tobacco $BATS blamed Russia exit for 3ppt of sales decline in 24H1
Pernod Ricard $RI blamed same for ~1ppt in FY24

But, as motor example below shows, Russia sales may not be lost, just re-routed

🚨This is the story of how UK & EU goods are STILL going into Russia in vast quantities, despite sanctions.
Of how the economic war waged by the G7 is failing.
Of how I witnessed sanctions rules broken in plain sight.
But above all else it’s the story of a chart... 🧵 - Ed Conway
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⁠Hidden Value Gems
Some observations about the Japanese market by the First Eagle team 🇯🇵💹👇🏽

✅"With surging corporate profits helping to rekindle animal spirits, the Nikkei 225 Index in February 2024 reclaimed its previous 1989 peak and subsequently set a series of new record highs before the early-August selloff."

✅"Notably, however, the benchmark’s 34.4% gain in local-currency terms over the past 32 months translates into a mere 3.8% when denominated in dollars; the S&P 500 Index is up 20.9% over the same period."

✅"Improved corporate governance standards may provide long-term structural underpinnings to Japanese equities."

✅"Given that more than 50% of Japanese companies have cash balances that exceed debt, which often coincides with sub-standard returns and low valuations, ample runway may be available for additional dividend increases and share buybacks."

✅"As investors have continued to favor passive investment strategies, very large cap constituents of Japanese indexes have done especially well amid recent market strength.T his may suggest latent opportunity in a more eclectic group of companies whose qualities have yet to be fully recognized by the markets."
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⁠Quiver Quantitative
Watching the SEC hearing.

Gary Gensler just gave his opinion on AI, Scarlett Johansson, and the movie Her: https://t.co/YyxvagGka7
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⁠Hidden Value Gems
A Brazilian holding company idea (First Eagle) 👉🏼Itaúsa $ITSA4.BR

✅"Its primary asset here is Itaú, the largest Brazilian bank, which makes up roughly 80% of the total holding-company value."

✅"Other investments include Alpargatas (shoes and apparel), CCR (Brazilian airport and highway concessions), and Nova Transportadora do Sudeste, which transports roughly 50% of the natural gas consumed in Brazil."

✅"The holding company trades at an 18% discount to estimated net asset value, while Itaú shares on their own trade at what he considers an overly discounted 8x estimated forward earnings."

✅"Roughly two-thirds of the stock floats freely and the other one-third is owned by the Egydio de Souza Aranha family."
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⁠Investing visuals
CrowdStrike $CRWD has been named a leader in the Forrester Wave: Attack Surface Management Solutions.

Here's the company at a glance👇 https://t.co/UOGKeIMMmt
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AkhenOsiris
Bad news is good news again, whew! Those 5 minutes where bad news was bad, difficult times.
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AkhenOsiris
CNBC:

Anthropic projecting $1B revenue in 2024, up 1000%+ year-over-year
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AkhenOsiris
Tsk tsk, decelerating growth for sure from here 👎🏽
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⁠Stock Analysis Compilation
River Oaks Capital on Citizens Bank $CFG US

Citizens Bank’s exceptional management and strategic positioning, backed by significant cash reserves, make it a compelling growth opportunity with a high upside potential

(Extract from their Q2 letter) https://t.co/a8T5NCIvhT
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