⁠Stock Analysis Compilation
Artisan Partners on Kerry $KYGA ID

Thesis: Kerry Group, a global leader in food and beverage ingredients, offers significant value at 13x earnings as it navigates margin pressures and market overreaction to weight-loss drug trends

(Extract from their Q2 letter) https://t.co/VqysOck8Is
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⁠Alex Bilzerian
RT @JohnsonThought1: What you need to know about that Israel package is that it was really the NSA taking over all the Unit 8200 technology.

USG can peer deep within Israeli military comms. What IDF is now doing is whacking all the leaders with which it had secret pacts.
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⁠Librarian Capital
Lowe's $LOW share price has risen ~20% since Feb-24, when Pershing Square disclosed their exit

This is not a criticism of $PSH $PSUS, but an example of how hard timing the market is

There is also opportunity cost; one can sell a good stock to buy an even better one

cc: $HD https://t.co/i3U7hroXtV

$PSH on Lowes $LOW exit:

"Uncertain near-term earnings trajectory"

"Volatile near-term industry conditions present a wider band of uncertainty and additional downside risk to same-store sales"

"Less “low-hanging fruit” today to offset potential revenue declines https://t.co/DHXYYToKHA - Librarian Capital
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⁠Alex Bilzerian
RT @EGHaug: @fluxtheorist “But this random paper shows a there’s some theoretical application” except there are many papers and even whole books on the topic...
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⁠Librarian Capital
Jonathan Ruffer $RICA on the Yen last October (7-Oct)

"We have a big position in the yen ... When (technical reasons) dissipate ... it is likely to be concertinaed into a brisk uncontrollable move upwards"

Yen actually kept falling for another 10 months
It is still 4% lower y/y https://t.co/JGBao9tFgz
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⁠Librarian Capital
"Skin in the game" at Ruffer Investment Co. $RICA

Manager 1 owns 58.1k shares - just £161k
Manager 2 owns 15k shares - £42k

These numbers are peanuts in City terms
Numbers unchanged from Dec-23, despite share price at multi-year lows

The fund is for thee but not for me https://t.co/NwmrrxLLJL

"Skin in the game" at Ruffer Investment Co. $RICA

Manager 1 owns 58.1k shares - that's just £153k
Manager 2 owns 15k shares - £40k (was zero in Jun)

Manager 1 in his 40s and has been at Ruffer since 2012
By all accounts they pay well

The fund is for thee but not for me ... https://t.co/4xJOmKcZsr - Librarian Capital
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⁠Alex Bilzerian
RT @matterasmachine: @AD14367367 @alexbilz You can view speed as probability of motion from 0 to 1 where 1=C
In that case motion in opposite direction you can view as negative probability.
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⁠Alex Bilzerian
I just hate to look at this in a math mindset.

@martinmbauer https://t.co/HFYBZPJ4SQ - Alex Bilzerian
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⁠Stock Analysis Compilation
Artemis on National Grid’s $NG/ LN

Thesis: National Grid's strategic investments in the energy transition make it a solid long-term play, with regulatory support driving its expansion in electricity infrastructure

(Extract from their Q2 letter) https://t.co/nTlw2A6wdv
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⁠Librarian Capital
AT&T $T selling 70% interest in DirecTV $DTV to TPG
$7.6bn, in separate payments in 2024, 2025, 2029

DirecTV operated as a AT&T/TPG JV since 2021
DirecTV reportedly in merger talks with $SATS's Dish https://t.co/LNNUFILehe
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⁠Capital Employed
We always enjoying reading write-ups from @david_katunaric

Credit Bureau Asia $TCU.SI is David's latest.

A provider of credit and risk information solutions in Southeast Asia.

Full write-up... 🔻

https://t.co/ZzxQNvTVh3
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