⁠The Kobeissi Letter
BREAKING: Stocks pare gains as US Treasury Secretary Bessent describes the current trade situation with China as an “embargo.” https://t.co/BrHowYXP4K
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⁠The Kobeissi Letter
BREAKING: The White House says there are 18 proposals on paper for trade deals.
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AkhenOsiris
BofA double upgrades SRAD to Buy

Bank of America goes from Underperform to Buy. Price target goes to $28, up from an earlier target of $12. The decision is driven by three key factors.

Firstly, there is growing confidence in Sportradar's revenue potential. The company is expected to display strong financial performance in the coming years. Secondly, the firm acknowledges improved visibility into costs and enhanced margin leverage, which suggests better financial efficiency.

Additionally, the potential benefits from the IMG Arena deal and the incorporation of artificial intelligence are also seen as significant contributors to the company's prospects. Previously, concerns were centered around the impact of sports rights costs on margins and cash flow. However, the expectation now is for Sportradar to experience margin expansion in the foreseeable future due to its consistent revenue growth and disciplined cost management.
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AkhenOsiris
How long before this Putin overture is deemed a non-starter?
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⁠Quiver Quantitative
NEW: White House statement on student loans collections resuming https://t.co/DwSdQyDWdt
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⁠Finding Compounders
Emails between Jeff Raikes and Warren Buffett

Jeff Raikes pitches Microsoft .

Buffett’s responds and compares Microsoft to Coca-Cola and explains why he isn’t comfortable with investing in Microsoft.

Good read https://t.co/OkC2Wmj7zO
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⁠Finding Compounders
A young Warren Buffett explains his Home Protective Co investment thesis.

-It’s an insurance company
- Was trading at less than 4 times earnings https://t.co/p8TL4OAjr0
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