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Hidden Value Gems
RT @HiddenValueGems: “Following a fall of almost 70% in its stock price since $WBD was formed in 2022, chief executive David Zaslav and chief financial officer Gunnar Wiedenfels have recently evaluated “all options” to arrest the decline, said two people familiar with the matter.”
“They are considering offers to sell Polish broadcaster TVN or a stake in Warner’s video games business, which holds valuable intellectual property to Harry Potter games.”
“WBD’s management hopes investors will remain patient as they work to turn around the company, they said, believing its true market capitalisation should be about $60bn, or $25 a share.”
via @FT
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RT @HiddenValueGems: “Following a fall of almost 70% in its stock price since $WBD was formed in 2022, chief executive David Zaslav and chief financial officer Gunnar Wiedenfels have recently evaluated “all options” to arrest the decline, said two people familiar with the matter.”
“They are considering offers to sell Polish broadcaster TVN or a stake in Warner’s video games business, which holds valuable intellectual property to Harry Potter games.”
“WBD’s management hopes investors will remain patient as they work to turn around the company, they said, believing its true market capitalisation should be about $60bn, or $25 a share.”
via @FT
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Hidden Value Gems
“Usually when I lose games, it's because people have looked deeply at something that I've intuitively sort of discarded. And I guess that's a way you can get an edge in business as well.”
- Magnus Carlsen
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“Usually when I lose games, it's because people have looked deeply at something that I've intuitively sort of discarded. And I guess that's a way you can get an edge in business as well.”
- Magnus Carlsen
An unusual guest at @NorgesBank podcast - probably the world’s best ever chess player @MagnusCarlsen on what investors can learn from chess.
🧵👇🏼
✅ “I think playing chess at an early age certainly teaches you to solve complex problems in a limited amount of time.
Continuing to only play chess probably will not get you far in business, but I think it's a good start.”
1/5 tweet
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Hidden Value Gems
At the beginning of 2023, the market estimate for aggregate 2025 “Hyperscaler” Capex was just $154bn. This estimate has increased by 51% to $232bn by now.
At the same time, “revenue revisions for 2025 for these four companies have increased by just 4% (and have actually fallen by 9%
since the start of 2022), meaning that their aggregate capex/sales ratio has increased from 10% in 2023 to an estimated 15% in 2025.”
h/t @Argonautcapital
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At the beginning of 2023, the market estimate for aggregate 2025 “Hyperscaler” Capex was just $154bn. This estimate has increased by 51% to $232bn by now.
At the same time, “revenue revisions for 2025 for these four companies have increased by just 4% (and have actually fallen by 9%
since the start of 2022), meaning that their aggregate capex/sales ratio has increased from 10% in 2023 to an estimated 15% in 2025.”
h/t @Argonautcapital
$MSFT has seen the largest increase in Capex/Sales ratio in the past 10 years (now at 18% compared to 3% in 2014).
$AAPL Capex/Sales has actually declined over the same period (from 3% to 2%). https://t.co/83npeBxqn6 tweet
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Quiver Quantitative
Nancy Pelosi made $4.1M in the stock market today, per our estimates.
This is twice as much as the average U.S. citizen will make in their lifetime. https://t.co/p48bR2K6di
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Nancy Pelosi made $4.1M in the stock market today, per our estimates.
This is twice as much as the average U.S. citizen will make in their lifetime. https://t.co/p48bR2K6di
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Finding Compounders
This man runs the biggest sovereign wealth fund in the world
Nicolai Tangen
And he gave a Ted Talk, highly recommended you go listen to it https://t.co/kz5Ko1ntsq
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This man runs the biggest sovereign wealth fund in the world
Nicolai Tangen
And he gave a Ted Talk, highly recommended you go listen to it https://t.co/kz5Ko1ntsq
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Hidden Value Gems
Another set of data suggesting current market sentiment is at about historical average level. https://t.co/YTtdg1NIzm
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Another set of data suggesting current market sentiment is at about historical average level. https://t.co/YTtdg1NIzm
Market sentiment seems to be cautious with 61% of respondents seeing the market as overvalued (vs 43% avg for 1998-2023).
Not in a bubble from this point of view. https://t.co/rvVQUcOCHi tweet
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Capital Employed
Definitely worth it if you can find a copy. Trading at a $100+ on Amazon.
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Definitely worth it if you can find a copy. Trading at a $100+ on Amazon.
Book https://t.co/1yMFdL81ar tweet