Offshore
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Bourbon Capital
$SNOW plans to repurchase $2.5 billion of its outstanding shares over the next two years. However, the company's share issuance rate may outpace these buybacks.
Never buy a company with no profit, you will pay their salaries https://t.co/OSAemdTz0d
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$SNOW plans to repurchase $2.5 billion of its outstanding shares over the next two years. However, the company's share issuance rate may outpace these buybacks.
Never buy a company with no profit, you will pay their salaries https://t.co/OSAemdTz0d
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Bourbon Capital
Tomorrow earnings:
$AAP reports tomorrow, Michael Burry sold this company in Q2
Before Open:
$TD The Toronto Bank
$NTES NetEase
$BIDU Baidu
$WSM Williams-Sonoma
$VIK Viking Holdings
$BJ BJ's Wholesale
$AAP Advance Auto Parts
After Close:
$INTU Intuit
$WDAY Workday
$ROST Ross Stores
$CAVA Cava
$BILL Bill Holdings
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Tomorrow earnings:
$AAP reports tomorrow, Michael Burry sold this company in Q2
Before Open:
$TD The Toronto Bank
$NTES NetEase
$BIDU Baidu
$WSM Williams-Sonoma
$VIK Viking Holdings
$BJ BJ's Wholesale
$AAP Advance Auto Parts
After Close:
$INTU Intuit
$WDAY Workday
$ROST Ross Stores
$CAVA Cava
$BILL Bill Holdings
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Offshore
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Bourbon Capital
I still don't understand why people need $BRK.B to buy $ULTA
The stock price has increased by 20% in recent days, but it remains undervalued. It's one of the most affordable stocks currently available.
ROIC of 20% over the past decade, the company's financial performance is strong. Additionally, its PE ratio is the lowest it's been since 2009..
More you know about the company more you like it
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I still don't understand why people need $BRK.B to buy $ULTA
The stock price has increased by 20% in recent days, but it remains undervalued. It's one of the most affordable stocks currently available.
ROIC of 20% over the past decade, the company's financial performance is strong. Additionally, its PE ratio is the lowest it's been since 2009..
More you know about the company more you like it
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Offshore
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Bourbon Capital
Tonight, we’ll discuss $SBUX.
According to Buffett's criteria, Overall, while $SBUX has a strong foundation and growth potential, inflationary pressures have negatively affected Starbucks margins. And it faces other significant challenges that could affect its performance in the near to medium term.
What do you think about this company?
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Tonight, we’ll discuss $SBUX.
According to Buffett's criteria, Overall, while $SBUX has a strong foundation and growth potential, inflationary pressures have negatively affected Starbucks margins. And it faces other significant challenges that could affect its performance in the near to medium term.
What do you think about this company?
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Offshore
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Matt McGarry
Is ClickFunnels the best business of all time?
- 100% bootstrapped
- 150,000 customers
- Grew w/negative CAC
- $265,000,000+ in annual revenue
- SaaS (recurring rev + high multiple)
- Clear category winner for info products
Plus, it grew with negative CAC (he GOT PAID to grow): https://t.co/kLNll6HGzq
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Is ClickFunnels the best business of all time?
- 100% bootstrapped
- 150,000 customers
- Grew w/negative CAC
- $265,000,000+ in annual revenue
- SaaS (recurring rev + high multiple)
- Clear category winner for info products
Plus, it grew with negative CAC (he GOT PAID to grow): https://t.co/kLNll6HGzq
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Offshore
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Hidden Value Gems
RT @HiddenValueGems: Walter Schloss on different investment strategies 👇🏼
Quote of the day #70 https://t.co/IketRJqFbs
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RT @HiddenValueGems: Walter Schloss on different investment strategies 👇🏼
Quote of the day #70 https://t.co/IketRJqFbs
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Offshore
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Dimitry Nakhla | Babylon Capital®
A sober valuation analysis on $GOOG 🧘🏽♂️
•NTM P/E Ratio: 20.89x
•10-Year Mean: 23.59x
•NTM FCF Yield: 4.14%
•10-Year Mean: 4.17%
As you can see, $GOOG appears to be trading below fair value
Going forward, investors can receive ~13% MORE in earnings per share & roughly the same in FCF per share 🧠***
Before we get into valuation, let’s take a look at why $GOOG is a great business
BALANCE SHEET✅
•Cash & Short-Term Inv: $100.73B
•Long-Term Debt: $11.88B
$GOOG has a strong balance sheet, an AA+ S&P Credit Rating & 303x FFO Interest Coverage
RETURN ON CAPITAL✅
•2019: 16.4%
•2020: 16.2%
•2021: 27.6%
•2022: 26.1%
•2023: 28.1%
•LTM: 30.9%
RETURN ON EQUITY✅
•2019: 18.1%
•2020: 19.0%
•2021: 32.1%
•2022: 23.6%
•2023: 27.4%
•LTM: 30.9%
$GOOG has strong return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2013: $55.52B
•2023: $307.39
•CAGR: 18.66%
FREE CASH FLOW✅
•2013: $11.30B
•2023: $69.50B
•CAGR: 19.91%
NORMALIZED EPS✅
•2013: $2.19
•2023: $5.80
•CAGR: 10.22%
SHARE BUYBACKS✅
•2018 Shares Outstanding: 14.07B
•LTM Shares Outstanding: 12.58B
By reducing its shares outstanding ~10.5%, $GOOG increased its EPS by ~11.7% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 57.6%
•LTM Operating Margins: 31.0%
•LTM Net Income Margins: 26.7%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~13% MORE in EPS & roughly the same in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $GOOG has to grow earnings at a 10.45% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2024 - 2026 EPS growth over the next few years to be more than the (10.45%) required growth rate:
2024E: $7.62 (31.5% YoY) *FY Dec
2025E: $8.68 (13.9% YoY)
2026E: $9.97 (14.8% YoY)
$GOOG has an excellent track record of meeting analyst estimates ~2 years out, so let’s assume $GOOG ends 2026 with $9.97 in EPS & see its CAGR potential assuming different multiples
24x P/E: $239.28💵 … ~16.7% CAGR
23x P/E: $229.31💵 … ~14.6% CAGR
22x P/E: $219.34💵 … ~12.5% CAGR
As you can see, $GOOG appears to have attractive return potential if we assume >22x earnings (a multiple below its 5-year & 10-year mean)
At 23x - 24x earnings, $GOOG CAGR potential is excellent & it’s not unreasonable for the business to trade for ~24x (given current growth rate estimates, its moat, balance sheet, & exemplary capital allocation)
Today at $168.00💵 $GOOG appears to be an attractive consideration for investment
$GOOG presents excellent value & a wide margin of safety closer to $150💵 or ~10% below today’s price
At $150💵, investors can reasonably expect ~13.4% CAGR even assuming 20x earnings
#stocks #investing $GOOGL
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.
𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲.
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A sober valuation analysis on $GOOG 🧘🏽♂️
•NTM P/E Ratio: 20.89x
•10-Year Mean: 23.59x
•NTM FCF Yield: 4.14%
•10-Year Mean: 4.17%
As you can see, $GOOG appears to be trading below fair value
Going forward, investors can receive ~13% MORE in earnings per share & roughly the same in FCF per share 🧠***
Before we get into valuation, let’s take a look at why $GOOG is a great business
BALANCE SHEET✅
•Cash & Short-Term Inv: $100.73B
•Long-Term Debt: $11.88B
$GOOG has a strong balance sheet, an AA+ S&P Credit Rating & 303x FFO Interest Coverage
RETURN ON CAPITAL✅
•2019: 16.4%
•2020: 16.2%
•2021: 27.6%
•2022: 26.1%
•2023: 28.1%
•LTM: 30.9%
RETURN ON EQUITY✅
•2019: 18.1%
•2020: 19.0%
•2021: 32.1%
•2022: 23.6%
•2023: 27.4%
•LTM: 30.9%
$GOOG has strong return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2013: $55.52B
•2023: $307.39
•CAGR: 18.66%
FREE CASH FLOW✅
•2013: $11.30B
•2023: $69.50B
•CAGR: 19.91%
NORMALIZED EPS✅
•2013: $2.19
•2023: $5.80
•CAGR: 10.22%
SHARE BUYBACKS✅
•2018 Shares Outstanding: 14.07B
•LTM Shares Outstanding: 12.58B
By reducing its shares outstanding ~10.5%, $GOOG increased its EPS by ~11.7% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 57.6%
•LTM Operating Margins: 31.0%
•LTM Net Income Margins: 26.7%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~13% MORE in EPS & roughly the same in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $GOOG has to grow earnings at a 10.45% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2024 - 2026 EPS growth over the next few years to be more than the (10.45%) required growth rate:
2024E: $7.62 (31.5% YoY) *FY Dec
2025E: $8.68 (13.9% YoY)
2026E: $9.97 (14.8% YoY)
$GOOG has an excellent track record of meeting analyst estimates ~2 years out, so let’s assume $GOOG ends 2026 with $9.97 in EPS & see its CAGR potential assuming different multiples
24x P/E: $239.28💵 … ~16.7% CAGR
23x P/E: $229.31💵 … ~14.6% CAGR
22x P/E: $219.34💵 … ~12.5% CAGR
As you can see, $GOOG appears to have attractive return potential if we assume >22x earnings (a multiple below its 5-year & 10-year mean)
At 23x - 24x earnings, $GOOG CAGR potential is excellent & it’s not unreasonable for the business to trade for ~24x (given current growth rate estimates, its moat, balance sheet, & exemplary capital allocation)
Today at $168.00💵 $GOOG appears to be an attractive consideration for investment
$GOOG presents excellent value & a wide margin of safety closer to $150💵 or ~10% below today’s price
At $150💵, investors can reasonably expect ~13.4% CAGR even assuming 20x earnings
#stocks #investing $GOOGL
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.
𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲.
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Offshore
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Stock Analysis Compilation
Newbridge AM on Celsius Holdings $CELH US
Thesis: Celsius Holdings' rapid growth, strong brand appeal, and strategic partnerships position it for substantial market share gains in the competitive functional beverage space
(Extract from their Q2 letter) https://t.co/yRTpAIfRKV
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Newbridge AM on Celsius Holdings $CELH US
Thesis: Celsius Holdings' rapid growth, strong brand appeal, and strategic partnerships position it for substantial market share gains in the competitive functional beverage space
(Extract from their Q2 letter) https://t.co/yRTpAIfRKV
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