Hidden Value Gems
It was great to meet with 20+ like-minded value investors yesterday at the London Value Investing event.

I had a chance to present my case on $VAR.NO (Var Energi), 15% dividend yield with 100% growth potential.

Thank you for inviting me to @CityFalcon @Investorbloggr

I will share a detailed write-up with all the subscribers this Sunday.
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Hidden Value Gems
Since May 2023, $NVDA earnings estimates have risen faster than its share price. The stock is at 33x PE.

The call should be not about cheap or expensive, but whether such a growth rate is sustainable. And more importantly, whether it is within one's circle of competence.
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Hidden Value Gems
They are going into the movie business. The more I think about #LVMH vs #KER the more I am leaning towards the former - quality, scale, true luxury and faster growth - worth paying up for than Kering which is more of a turnaround, a re-rating play.
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Hidden Value Gems
Much discussed historically, but still worth sharing these interesting facts. $COST winning formula: lower prices, lower costs and happier employees.

1⃣Costco's gross margins hover around 12%, compared with Walmart’s 24%. The company makes up the shortfall through its membership fees: in 2023 fees from its 129m members netted $4.6bn, more than half of Costco’s operating profits.

2⃣ Costco stores stock a limited selection of about 3,800 distinct items. A Walmart superstore has around 120,000. Buying more from fewer suppliers gives the company even greater bargaining heft, lowering prices further. By limiting its range, Costco can better focus on maintaining quality. Less variety in stores helps it use space more efficiently: its sales per square foot are three times that of Walmart.

3⃣ Staff turnover at Costco is just 8%; over a third of workers have been there for more than ten years. Compare that to the overall retail industry where 60% of employees leave their job each year!
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) Healthcare Security Alert —

Hospitals urged to cut ties with UnitedHealth's hacked pharmacy unit, highlighting the cyber vulnerabilities in healthcare. #HealthcareCybersecurity
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BizToc
3) Biden Acts on Navalny's Tragedy —

President Biden meets Navalny's widow and announces sanctions in response to Navalny's death, underscoring U.S. dedication to human rights. #NavalnySanctions
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BizToc
2) EU Thaws Poland's Funds —

EU set to unfreeze Poland’s funds, a move that could bolster economic stability and mutual trust within the bloc. #PolandFunds
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BizToc
📰 BizToc.com Hourly News Flash

1) Nvidia's Stellar Q4 Earnings —

Nvidia's stock surges as Q4 results impress, signaling strength in the tech sector and investor confidence. #NvidiaEarnings
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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BizToc
4) Luckin Coffee Serves Up a Sales Surprise —

Luckin Coffee pours out a strong performance, surpassing Starbucks in annual sales within China for the first time, brewing competition in the coffee market. #LuckinCoffee
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BizToc
3) China Courts Global Capital with New Measures —

China's State Council unveils fresh initiatives to attract foreign investment, signaling an open-door policy despite geopolitical tensions. #ChinaInvestment
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BizToc
2) Verizon and Audi Drive 5G Innovation at Test Track —

Verizon Business teams up with Audi to deploy a bespoke private 5G network at an auto test track, pushing the boundaries of connectivity in automotive testing. #Verizon
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BizToc
📰 BizToc.com Hourly News Flash

1) Scotiabank and Indigenous Partnership Breaks New Ground in Investment —

Scotiabank allies with Indigenous groups to establish Canada's first Indigenous-owned investment dealer, uplifting financial diversity. #Scotiabank
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AkhenOsiris
For all you thematic investors, here are two that stand out in the early days of 2024:

- Markets are broken
- Blow-off top

Do with these themes what you will
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