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Stock Analysis Compilation
THB AM on Casey’s General Stores $CASY US
Thesis: Casey's unique rural presence and strong customer loyalty position it for continued growth and consolidation opportunities in the fragmented convenience store market
(Extract from their Q2 letter) https://t.co/XzVU2tJ66X
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THB AM on Casey’s General Stores $CASY US
Thesis: Casey's unique rural presence and strong customer loyalty position it for continued growth and consolidation opportunities in the fragmented convenience store market
(Extract from their Q2 letter) https://t.co/XzVU2tJ66X
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Hidden Value Gems
RT @HiddenValueGems: Berkshire took a $266mn position in $ULTA last quarter (c. 1.5% in share capital). I just ran a few charts to see how it screens on various metrics:
✅16% sales CAGR in almost 20 years, with a 8% avg 10-year net margin and never had a loss in the past 10 years.
✅Strong return on equity: 10-year avg - 38%.
✅Zero bank debt; Lease/EBITDA less than 1x.
✅ Strong FCF generation, almost all FCF goes to share repurchases. Share count is down 24% in the past 10 years.
Shares are not expensive, trading at c. 15x fwd P/E vs 10-year avg - 24x.
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RT @HiddenValueGems: Berkshire took a $266mn position in $ULTA last quarter (c. 1.5% in share capital). I just ran a few charts to see how it screens on various metrics:
✅16% sales CAGR in almost 20 years, with a 8% avg 10-year net margin and never had a loss in the past 10 years.
✅Strong return on equity: 10-year avg - 38%.
✅Zero bank debt; Lease/EBITDA less than 1x.
✅ Strong FCF generation, almost all FCF goes to share repurchases. Share count is down 24% in the past 10 years.
Shares are not expensive, trading at c. 15x fwd P/E vs 10-year avg - 24x.
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Hidden Value Gems
RT @HiddenValueGems: “A buyout firm that planned to turn Burberry into a British Coach could pay a 40% premium for the brand, increase net debt to 5x Ebitda from 1.4x in the company’s last financial year, and make an internal rate of return of more than 40% over five years, according to Bernstein calculations.”
“After a greater-than-50% share price fall so far this year, the company’s EV is equivalent to 6.6x projected earnings before interest, taxes, depreciation and amortization, below the 9-12x norm for a European luxury company.”
$BRBY.L
via @WSJ
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RT @HiddenValueGems: “A buyout firm that planned to turn Burberry into a British Coach could pay a 40% premium for the brand, increase net debt to 5x Ebitda from 1.4x in the company’s last financial year, and make an internal rate of return of more than 40% over five years, according to Bernstein calculations.”
“After a greater-than-50% share price fall so far this year, the company’s EV is equivalent to 6.6x projected earnings before interest, taxes, depreciation and amortization, below the 9-12x norm for a European luxury company.”
$BRBY.L
via @WSJ
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App Economy Insights
↗️ AMD Acquires ZT Systems.
$AMD takes on $NVDA.
Everything to know about this $5B acquisition. 👇
https://t.co/WtA8N3I2Iv
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↗️ AMD Acquires ZT Systems.
$AMD takes on $NVDA.
Everything to know about this $5B acquisition. 👇
https://t.co/WtA8N3I2Iv
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Quiver Quantitative
🚨 BREAKING: We just received data on new stock purchases by Representative Marjorie Taylor Greene.
She bought up to $90K of stock on Wednesday.
Here they are the trades: https://t.co/Khsl8qeq7O
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🚨 BREAKING: We just received data on new stock purchases by Representative Marjorie Taylor Greene.
She bought up to $90K of stock on Wednesday.
Here they are the trades: https://t.co/Khsl8qeq7O
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