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Stock Analysis Compilation
Stock Analysis Compilation #72 is in your inbox 🔥
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39 stock pitches from the best hedge funds & newsletters :
$ANF $ATZ $AMD $BX $AVGO $UUUU $HALO $MELI $MIND $NUE $PRCT $RAD $TLRY $TMO $TMDX $UBER $VLN and many more https://t.co/brURmkpepX
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Stock Analysis Compilation #72 is in your inbox 🔥
(link in bio)
39 stock pitches from the best hedge funds & newsletters :
$ANF $ATZ $AMD $BX $AVGO $UUUU $HALO $MELI $MIND $NUE $PRCT $RAD $TLRY $TMO $TMDX $UBER $VLN and many more https://t.co/brURmkpepX
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Dimitry Nakhla | Babylon Capital®
15 Quality Compounders With An Annual ROIC >20% For Last 5 Consecutive Years (Average) 💸
💳 Visa $V (30%)
🚘 Copart $CPRT (24%)
🏢 NVR Inc $NVR (39%)
🏦 Fair Isaac $FICO (44%)
💵 Mastercard $MA (52%)
📠 KLA Corp $KLAC (35%)
☁️ Microsoft $MSFT (30%)
🤖 Taiwan Semi $TSM (25%)
🧬 Novo Nordisk $NVO (67%)
🖨️ Lam Research $LRCX (36%)
🧾 Automatic Data $ADP (50%)
☀️ ASML Holding $ASML (40%)
📸 Meta Platforms $META (27%)
💿 Applied Materials $AMAT (35%)
🚛 Old Dominion Freight $ODFL (34%)
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15 Quality Compounders With An Annual ROIC >20% For Last 5 Consecutive Years (Average) 💸
💳 Visa $V (30%)
🚘 Copart $CPRT (24%)
🏢 NVR Inc $NVR (39%)
🏦 Fair Isaac $FICO (44%)
💵 Mastercard $MA (52%)
📠 KLA Corp $KLAC (35%)
☁️ Microsoft $MSFT (30%)
🤖 Taiwan Semi $TSM (25%)
🧬 Novo Nordisk $NVO (67%)
🖨️ Lam Research $LRCX (36%)
🧾 Automatic Data $ADP (50%)
☀️ ASML Holding $ASML (40%)
📸 Meta Platforms $META (27%)
💿 Applied Materials $AMAT (35%)
🚛 Old Dominion Freight $ODFL (34%)
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Quiver Quantitative
RT @QuiverCongress: The Senate just voted to advance the Laken Riley Act, introduced by @SenKatieBritt. https://t.co/tAXMxIOzdl
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RT @QuiverCongress: The Senate just voted to advance the Laken Riley Act, introduced by @SenKatieBritt. https://t.co/tAXMxIOzdl
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Stock Analysis Compilation
Praetorian Capital on Valaris $VAL US
Thesis: Valaris is a compelling investment opportunity due to its strong asset base, potential for significant cash flow growth, and downside protection from a robust backlog and balance sheet.
(Extract from their Q4 letter) https://t.co/Mk24bdSg6J
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Praetorian Capital on Valaris $VAL US
Thesis: Valaris is a compelling investment opportunity due to its strong asset base, potential for significant cash flow growth, and downside protection from a robust backlog and balance sheet.
(Extract from their Q4 letter) https://t.co/Mk24bdSg6J
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: @vadzim_huchok Sorry to hear that Vadzim — I still don’t find $NVO entirely attractive here but would consider it closer to $70-$72 (that’s a price where I’d start to feel there is enough of a margin of safety to compensate me for the inherent risks in the biotech sector)
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RT @DimitryNakhla: @vadzim_huchok Sorry to hear that Vadzim — I still don’t find $NVO entirely attractive here but would consider it closer to $70-$72 (that’s a price where I’d start to feel there is enough of a margin of safety to compensate me for the inherent risks in the biotech sector)
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Startup Archive
Flexport founder Ryan Peterson on getting “ramen profitable”
In this interview with Y Combinator CEO Garry Tan, Flexport CEO Ryan Peterson talks about how he adopted Paul Graham’s “be a cockroach” philosophy and aimed for “ramen profitability” with the company he started before Flexport (Import Genius) that didn’t raise venture capital.
He adjusted his lifestyle to minimize his living expenses. And then to cover those expenses, he picked up part-time jobs that still allowed him to spend most of his time working on his startup. He wrote case studies for Columbia Business School, tutored people for the GMAT, and did SEO consulting.
“That gave me freedom to be successful on any time horizon. I couldn’t die. My expenses were low… It took me a number of years before we found success, but success was certain because we didn’t have this time horizon where the idea had to work in 18 months or else the company would go bankrupt.”
Paul Graham describes this as being “Ramen Profitable”:
“Ramen profitable means a startup makes just enough to pay the founders' living expenses… The main significance of this type of profitability is that you're no longer at the mercy of investors.”
This is probably the best approach if you can’t or don’t want to raise venture capital today. The revenue to cover your living expenses can come from your startup or—as was the case for Ryan—part time jobs (or a full-time job) that offer the flexibility to still devote a material chunk of your time to your startup.
The other main benefit of ramen profitability is that it’ll improve your ability to raise money in the future. If you don’t need money from investors, it’ll improve your negotiating position, and you can offer get benefit terms.
Airbnb is another good example of ramen profitability. Their goal at Y Combinator was to make $4,000 per month from the business which would cover $3,500 for rent, and $500 for food. They taped this goal to the mirror in the bathroom of their apartment until they eventually hit it.
Video source: @garrytan (2022)
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Flexport founder Ryan Peterson on getting “ramen profitable”
In this interview with Y Combinator CEO Garry Tan, Flexport CEO Ryan Peterson talks about how he adopted Paul Graham’s “be a cockroach” philosophy and aimed for “ramen profitability” with the company he started before Flexport (Import Genius) that didn’t raise venture capital.
He adjusted his lifestyle to minimize his living expenses. And then to cover those expenses, he picked up part-time jobs that still allowed him to spend most of his time working on his startup. He wrote case studies for Columbia Business School, tutored people for the GMAT, and did SEO consulting.
“That gave me freedom to be successful on any time horizon. I couldn’t die. My expenses were low… It took me a number of years before we found success, but success was certain because we didn’t have this time horizon where the idea had to work in 18 months or else the company would go bankrupt.”
Paul Graham describes this as being “Ramen Profitable”:
“Ramen profitable means a startup makes just enough to pay the founders' living expenses… The main significance of this type of profitability is that you're no longer at the mercy of investors.”
This is probably the best approach if you can’t or don’t want to raise venture capital today. The revenue to cover your living expenses can come from your startup or—as was the case for Ryan—part time jobs (or a full-time job) that offer the flexibility to still devote a material chunk of your time to your startup.
The other main benefit of ramen profitability is that it’ll improve your ability to raise money in the future. If you don’t need money from investors, it’ll improve your negotiating position, and you can offer get benefit terms.
Airbnb is another good example of ramen profitability. Their goal at Y Combinator was to make $4,000 per month from the business which would cover $3,500 for rent, and $500 for food. They taped this goal to the mirror in the bathroom of their apartment until they eventually hit it.
Video source: @garrytan (2022)
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Stock Analysis Compilation
Palm Valley Capital on Seaboard Corporation $SEB US
Thesis: Seaboard is a diversified global commodity-focused company with operations in hog production, renewable fuels, and more, currently trading at a decade low but positioned for potential recovery.
(Extract from their Q4 letter)
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Palm Valley Capital on Seaboard Corporation $SEB US
Thesis: Seaboard is a diversified global commodity-focused company with operations in hog production, renewable fuels, and more, currently trading at a decade low but positioned for potential recovery.
(Extract from their Q4 letter)
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Startup Archive
RT @randallmbriggs: This makes me wonder about companies like Figure that scale so quickly. I honestly can't say whether it's good or bad or perhaps just necessary to move quickly. But I'm constantly thinking about this tendency to scale super quickly and whether it really pays off in the long run.
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RT @randallmbriggs: This makes me wonder about companies like Figure that scale so quickly. I honestly can't say whether it's good or bad or perhaps just necessary to move quickly. But I'm constantly thinking about this tendency to scale super quickly and whether it really pays off in the long run.
Patrick Collison on the importance of waiting a really long time to hire people
Everybody tells you “work really hard to hire the best people.” But as Patrick explains, that’s not helpful because everyone knows they should do that. As he puts it:
“The question is to what length should you go and what does that actually mean in practice? And in practice, it means being okay waiting a really long time to hire people.”
It took Stripe six months to hire their first two people, and six more months to hire another 3-4 people. He can think of five people at Stripe who took 3+ years to hire.
“If you think about the smartest people you know, if you want to get them to work on your thing, chances are they already have pretty good paths ahead of them… You have to be way more persistent and be okay with it taking way longer than any sane or reasonable person would think it should take.”
There’s an important compounding effect here — hiring just one great person will make it marginally easier to get the next great person. Patrick argues you should also view every person you hire as bringing along another 50 people just like them if your company is successful:
“Even if they don’t literally hire 50 people, they will be so influential in determining the selection of those 50 people.”
Video source: @GreylockVC (2015) tweet
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InsideArbitrage
The InsideArbitrage Friday Wrap is out!
"43 Sudden Departures"
👉Full Article link in the final tweet.
🧵1/11 https://t.co/XIrGhTdrQ4
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The InsideArbitrage Friday Wrap is out!
"43 Sudden Departures"
👉Full Article link in the final tweet.
🧵1/11 https://t.co/XIrGhTdrQ4
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