Offshore
Photo
Stock Analysis Compilation
Giverny Capital on Ashtead Group $AHT LN
Thesis: Ashtead Group is a UK-based equipment rental company primarily operating in the U.S. through Sunbelt Rentals, benefiting from a trend toward renting machinery amid skilled labor shortages and increasing pressure to minimize capital expenditures.
(Extract from their Q4 letter)
tweet
Giverny Capital on Ashtead Group $AHT LN
Thesis: Ashtead Group is a UK-based equipment rental company primarily operating in the U.S. through Sunbelt Rentals, benefiting from a trend toward renting machinery amid skilled labor shortages and increasing pressure to minimize capital expenditures.
(Extract from their Q4 letter)
tweet
The Kobeissi Letter
Just as you thought this year couldn't get more unusual:
Tucker Carlson has released a podcast with Sam Bankman-Fried from prison.
https://t.co/OFhGFi86kM
tweet
Just as you thought this year couldn't get more unusual:
Tucker Carlson has released a podcast with Sam Bankman-Fried from prison.
https://t.co/OFhGFi86kM
tweet
twitter.com
undefined
undefined
Offshore
Photo
The Kobeissi Letter
BREAKING: The S&P 500 falls to a new low of 2025, now trading BELOW November 5th levels. https://t.co/CNEHPeAiLl
tweet
BREAKING: The S&P 500 falls to a new low of 2025, now trading BELOW November 5th levels. https://t.co/CNEHPeAiLl
tweet
Offshore
Photo
The Kobeissi Letter
The institutional exit:
Hedge funds dumped global stocks at their fastest pace on record in the 2 weeks ending March 3rd.
Institutional investors’ equities exposure reduction was even sharper than during the 2022 bear market.
As trade war worries mount and uncertainty rises, hedge funds are pulling out of stocks.
We are now seeing Extreme Fear sentiment for the first time since August 5th.
Is panic selling overdone?
tweet
The institutional exit:
Hedge funds dumped global stocks at their fastest pace on record in the 2 weeks ending March 3rd.
Institutional investors’ equities exposure reduction was even sharper than during the 2022 bear market.
As trade war worries mount and uncertainty rises, hedge funds are pulling out of stocks.
We are now seeing Extreme Fear sentiment for the first time since August 5th.
Is panic selling overdone?
tweet
Offshore
Video
The Investing for Beginners Podcast
Important lesson from the masters on opportunity costs. https://t.co/8yWntN0T3S
tweet
Important lesson from the masters on opportunity costs. https://t.co/8yWntN0T3S
tweet
Offshore
Photo
Finding Compounders
Warren Buffett’s letter to Charles Huggins after he bought See’s Candies.
Warren installed Charles Huggins as CEO of See’s Candies soon after he acquired it. https://t.co/nPvHgvuh0a
tweet
Warren Buffett’s letter to Charles Huggins after he bought See’s Candies.
Warren installed Charles Huggins as CEO of See’s Candies soon after he acquired it. https://t.co/nPvHgvuh0a
tweet
Offshore
Photo
The Kobeissi Letter
Lumber prices are surging:
Lumber futures prices jumped to $675 on Tuesday, now up +20% in 6 weeks to their highest since August 2022.
This comes after President Trump ordered an investigation into shipments of the commodity into the US.
The probe will scrutinize whether exporters like Canada, Germany, and Brazil are throwing lumber into US markets “at the expense of American economic prosperity and national security."
According to Bloomberg, Canada provides as much as 30% of US softwood lumber.
Lumber imports will be a key trade issue.
tweet
Lumber prices are surging:
Lumber futures prices jumped to $675 on Tuesday, now up +20% in 6 weeks to their highest since August 2022.
This comes after President Trump ordered an investigation into shipments of the commodity into the US.
The probe will scrutinize whether exporters like Canada, Germany, and Brazil are throwing lumber into US markets “at the expense of American economic prosperity and national security."
According to Bloomberg, Canada provides as much as 30% of US softwood lumber.
Lumber imports will be a key trade issue.
tweet
Quiver Quantitative
Marjorie Taylor Greene recently started buying up ServiceNow stock.
Now down 26% since her most recent purchase.
Friendly fire is on.
tweet
Marjorie Taylor Greene recently started buying up ServiceNow stock.
Now down 26% since her most recent purchase.
Friendly fire is on.
HUD completed the same audit. Initial findings on paid software licenses:
- 35,855 ServiceNow licenses on three products; only using 84
- 11,020 Acrobat licenses with zero users
- 1,776 Cognos licenses; only using 325
- 800 WestLaw Classic licenses; only using 216
- 10,000 Java licenses; only using 400
All are being fixed. tweet
twitter.com
undefined
undefined
The Kobeissi Letter
RT @TKL_Adam: I will be joining Charles Payne, @cvpayne, LIVE on Fox Business today at 2:50 PM ET.
Providing @KobeissiLetter's outlook on the market implications of tariffs and DOGE.
The S&P 500 has officially erased all post-election gains on trade concerns.
Tune in LIVE at 2:50 PM ET!
tweet
RT @TKL_Adam: I will be joining Charles Payne, @cvpayne, LIVE on Fox Business today at 2:50 PM ET.
Providing @KobeissiLetter's outlook on the market implications of tariffs and DOGE.
The S&P 500 has officially erased all post-election gains on trade concerns.
Tune in LIVE at 2:50 PM ET!
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: President Trump is delaying tariffs on goods from Canada that comply with USMCA until April 2nd, per WSJ.
These tariffs are now delayed for 1 month on goods that qualify from both Mexico and Canada. https://t.co/dtMp2dDxBb
tweet
BREAKING: President Trump is delaying tariffs on goods from Canada that comply with USMCA until April 2nd, per WSJ.
These tariffs are now delayed for 1 month on goods that qualify from both Mexico and Canada. https://t.co/dtMp2dDxBb
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: President Trump says he is “not even looking at the stock market.” https://t.co/biAHhbolQJ
tweet
BREAKING: President Trump says he is “not even looking at the stock market.” https://t.co/biAHhbolQJ
tweet
Offshore
Photo
Stock Analysis Compilation
Giverny Capital on Ferguson $FERG US
Thesis: Ferguson is the largest plumbing-supplies distributor in the US, with strong market power, healthy profits, and potential for growth through acquisitions despite weak housing construction.
(Extract from their Q4 letter) https://t.co/didFWjKi0R
tweet
Giverny Capital on Ferguson $FERG US
Thesis: Ferguson is the largest plumbing-supplies distributor in the US, with strong market power, healthy profits, and potential for growth through acquisitions despite weak housing construction.
(Extract from their Q4 letter) https://t.co/didFWjKi0R
tweet