⁠InsideArbitrage
📢 $DLTR Dollar Tree appoints Michael C. Creedon, Jr. as CEO effective immediately.

Creedon had been serving as the interim CEO since November 3, 2024"

$DLTR Dollar Tree CFO Jeff Davis steps down but will stay on through the fiscal 2024 Form 10-K filing. The company has begun an external search for his replacement.

This comes just a month after CEO Rick Dreiling’s departure due to health challenges. 👔💼

💼 Leadership Search On: The board is hunting for new CFO and CEO candidates, considering both internal and external options.

💸 Strong Q3 Results: Sales rose 3.6% to $7.57B (beating $7.45B estimates).
Same-store sales were up 1.8%.
Adjusted EPS of $1.12/share beat expectations by $0.05.

💡 Sales Guidance Update: Dollar Tree raised its full-year sales outlook to $30.7B–$30.9B, adding $100M to the low end.

📉 The stock, down ~50% YTD, saw a 5% premarket jump to $76.15 after the earnings and CFO resignation news.

🏪 Family Dollar Strategy Under Review: A potential sale, spin-off, or other disposition of the chain is on the table. No timeline yet, but ~670 underperforming stores have already been closed.

1/2 "- InsideArbitrage
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⁠InsideArbitrage
📢 $LW Lamb Weston Reports Second Quarter Fiscal 2025 Results; Board Approves $250 Million Share Repurchase Authorization Increase and Increases Quarterly Dividend; Updates Fiscal Year 2025 Outlook

🥔Second Quarter Fiscal 2025 Highlights
GAAP Results as Compared to Second Quarter Fiscal 2024:
◦Net sales declined 8% to $1,601 million
◦Income from operations declined 94% to $19 million
◦Net income declined $251 million to a loss of $36 million
◦Diluted EPS declined $1.73 to a loss of $0.25
•Non-GAAP Results as Compared to Second Quarter

🥔Fiscal 2024:
◦Adjusted Income from Operations(1) declined 41% to $178 million
◦Adjusted Net Income(1) declined 55% to $95 million
◦Adjusted Diluted EPS(1) declined 54% to $0.66
◦Adjusted EBITDA(1) declined 25% to $282 million
•Paid $51.6 million in cash dividends to common shareholders

🥔Updated Fiscal 2025 Outlook
•Net sales of $6.35 billion to $6.45 billion
•GAAP net income target of $330 million to $350 million, and Diluted EPS target of $2.30 to $2.45
•Adjusted EBITDA(1) of $1,170 million to $1,210 million
•Adjusted Net Income(1) target of $440 million to $460 million and Adjusted Diluted EPS(1) target of $3.05 to $3.20
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⁠App Economy Insights
$ACN Accenture Q1 FY25 (Nov. quarter):

• Revenue +9% Y/Y to $17.7B ($0.6B beat).
• EPS $3.59 ($0.20 beat).
• New bookings +1% Y/Y to $18.7B.
• AI bookings $1.2B (vs. $1.0B in Q4 FY24).

FY25 guidance:
• Revenue up to +7% Y/Y fx neutral. https://t.co/FrEuYGzzoI
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⁠Stock Analysis Compilation
Artisan Partners on Hamilton Lane $HLNE US

Thesis: Hamilton Lane’s dominant position in private market data and discretionary asset management drives its growth amid rising investor demand

(Extract from their Q3 letter) https://t.co/bKBE1kpSfN
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⁠Quiver Quantitative
Representative Dan Crenshaw has made just 33 trades while in office.

He hasn't disclosed any trades in over a year.

However, he has made a few of the most well-timed trades we've seen.

Here his five most profitable transactions: https://t.co/H5TteGlwur
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⁠Dimitry Nakhla | Babylon Capital®
CAGR Estimates of Quality Compounders 📈

🫱🏼‍🫲🏻 MercadoLibre $MELI *
•15% @ 36x
•12% @ 34x

🖱️ Alphabet $GOOG **
•14% @ 24x
•12% @ 23x

💿 Advanced Micro Devices $AMD *
•14% @ 22x
•9% @ 20x

🖨️ Applied Materials $AMAT **
•13% @ 20x
•11% @ 19x

📠 ASML Holding $ASML **
•13% @ 28x
•11% @ 27x

🤖 Nvidia $NVDA *
•12% @ 30x
•9% @ 28x

💵 PayPal $PYPL *
•14% @ 21x
•12% @ 20x

💳 Visa $V **
•12% @ 30x
•9% @ 28x
___

* Fiscal Year (FY ending 2026 / Jan 2027)
**FY ending 2027
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⁠Stock Analysis Compilation
Parnassus on Atlassian $TEAM US

Thesis: Atlassian’s industry-leading software and cloud migration provide a strong foundation for long-term growth and margin expansion

(Extract from their Q3 letter) https://t.co/dx06YPFRgD
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⁠Quiver Quantitative
There will reportedly be a vote held in a few hours on a new GOP proposal with a:

- 3 month continuing resolution
- Suspension of debt limit till January 2027
- $110B in disaster relief
- Extension of farm bill
- NO raise for Congress

Do you support this deal?
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⁠Quiver Quantitative
Text for the new continuing resolution was just released.

Down to just 115 pages, as opposed to 1,500 yesterday.

Currently working on analyzing it, looking for changes from the old proposal.

Will report back later.
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⁠Quiver Quantitative
The new continuing resolution appears to have removed almost all of the items specifically called out by @elonmusk.

- No pay raise for Congress
- No transfer of the RFK stadium land
- No "justice-involved individuals" and "individuals experiencing homelessness" language changes
- No Global Engagement Center extension
- No section on "Pandemic Preparedness and Response"

Still working on reading through the details - follow here for updates.
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⁠Quiver Quantitative
The continuing resolution is now 116 pages, a reduction of over 90% from the previous 1,547 pages.

Two more iterations, and this could be a one-pager.
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⁠Dimitry Nakhla | Babylon Capital®
My favorite time to deploy capital 🧘🏽‍♂️

You know the saying: “Be fearful when others are greedy & greedy when others are fearful”

Warren Buffett 🗣️"

JUST IN 🚨: Extreme Fear returns to the Stock Market 👻😱 - We did it 🫡🫂 "- Barchart
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⁠Quiver Quantitative
The House has voted against the new continuing resolution:

174 Yeas
235 Nays

Chip Roy (R) said:

“To take this bill and congratulate yourself because it’s shorter in pages, but increases the debt by $5T, is asinine”

https://t.co/u7v9EN6Jqo
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