Offshore
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Librarian Capital
Oral tobacco sales - 2023 sizes for context:
Altria $MO Oral Tobacco: $2,555m
BAT $BATS $BTI: £1,152m (~$1.4bn)
$HAYPP: SEK 521m (~$50m)*
Figures are after excise
$PM doesn't disclose US-only sales, but 2023 SWMA sales were $2,496m, likely ⅔+ from US (incl. cigars) https://t.co/4fxixllObY
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Oral tobacco sales - 2023 sizes for context:
Altria $MO Oral Tobacco: $2,555m
BAT $BATS $BTI: £1,152m (~$1.4bn)
$HAYPP: SEK 521m (~$50m)*
Figures are after excise
$PM doesn't disclose US-only sales, but 2023 SWMA sales were $2,496m, likely ⅔+ from US (incl. cigars) https://t.co/4fxixllObY
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Offshore
Video
Value Spotlight (Andrew Sather)
Animated Guide: Warren Buffett's Thoughts on ROIC, WACC https://t.co/MYyeaVRN1w
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Animated Guide: Warren Buffett's Thoughts on ROIC, WACC https://t.co/MYyeaVRN1w
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Investing visuals
Axon $AXON is one of the fastest growing software companies out there, but not widely discussed.
Here’s the company at a glance👇🔍 https://t.co/afI4suEeRR
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Axon $AXON is one of the fastest growing software companies out there, but not widely discussed.
Here’s the company at a glance👇🔍 https://t.co/afI4suEeRR
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Stock Analysis Compilation
Baron Capital on Alphabet $GOOGL US
Thesis: Alphabet’s AI leadership, coupled with its unmatched scale and financial discipline, offers a compelling risk/reward for long-term investors
(Extract from their Q2 letter) https://t.co/q93tuUV95X
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Baron Capital on Alphabet $GOOGL US
Thesis: Alphabet’s AI leadership, coupled with its unmatched scale and financial discipline, offers a compelling risk/reward for long-term investors
(Extract from their Q2 letter) https://t.co/q93tuUV95X
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AkhenOsiris
@DeItaone is still the 🐐 for breaking news (there's competition though, as Walter's posting frequency has decreased). @MikeZaccardi is hands down the research 🐐 however, good stuff Mike, with the weather reports sprinkled in.
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@DeItaone is still the 🐐 for breaking news (there's competition though, as Walter's posting frequency has decreased). @MikeZaccardi is hands down the research 🐐 however, good stuff Mike, with the weather reports sprinkled in.
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AkhenOsiris
RT @RadnorCapital: Peter Callahan (TMT Sector Specialist at Goldman Sachs) did a nice job summarizing the GenAI state of the union in his Sunday note:
“GenAI check-in … the GenAI theme has certainly become more two sided in recent months with the recent pullback in GenAI Exposed stocks nearly erasing the entire years' outperformance (GS GenAI Basket +14% YTD vs S&P +13%).. While I don't believe the theme has been 'defeated' (as AR/VR or Blockchain or 5G may have been), the theme has become “deflated” as investors worry that the gap between "investment" (capex) to "monetization" (revenue inflections at the app level) is wider than many initially expected (or, investors worry the “costs” are so great that being imaginative enough on the “monetization” side will take some work). Importantly, I get the sense that most investors still believe we eventually make it to point B (tangible productivity gains) -- which leaves me open to the idea that it won’t take much for the theme to get back on track..”
As I’ve said, I think we get to a point where AI capex overshoots, but I don’t think we’re there yet. I continue to believe the companies that “win” this race will accrue massive competitive advantages, which almost makes this spend mission critical. From an economic standpoint, one of the major winners will be the consumer, given the surplus created by new AI use cases / applications.
This is a bit of a tangent, but I say from an “economic standpoint" because advancements in technology generally allow humans to do less, which ultimately results in atrophy. This is a separate, and more philosophical conversation - but the point is, the train has left the station full steam ahead – so the question is how we continue to evolve with these exponential advancements in technology, given humans are linear thinkers.
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RT @RadnorCapital: Peter Callahan (TMT Sector Specialist at Goldman Sachs) did a nice job summarizing the GenAI state of the union in his Sunday note:
“GenAI check-in … the GenAI theme has certainly become more two sided in recent months with the recent pullback in GenAI Exposed stocks nearly erasing the entire years' outperformance (GS GenAI Basket +14% YTD vs S&P +13%).. While I don't believe the theme has been 'defeated' (as AR/VR or Blockchain or 5G may have been), the theme has become “deflated” as investors worry that the gap between "investment" (capex) to "monetization" (revenue inflections at the app level) is wider than many initially expected (or, investors worry the “costs” are so great that being imaginative enough on the “monetization” side will take some work). Importantly, I get the sense that most investors still believe we eventually make it to point B (tangible productivity gains) -- which leaves me open to the idea that it won’t take much for the theme to get back on track..”
As I’ve said, I think we get to a point where AI capex overshoots, but I don’t think we’re there yet. I continue to believe the companies that “win” this race will accrue massive competitive advantages, which almost makes this spend mission critical. From an economic standpoint, one of the major winners will be the consumer, given the surplus created by new AI use cases / applications.
This is a bit of a tangent, but I say from an “economic standpoint" because advancements in technology generally allow humans to do less, which ultimately results in atrophy. This is a separate, and more philosophical conversation - but the point is, the train has left the station full steam ahead – so the question is how we continue to evolve with these exponential advancements in technology, given humans are linear thinkers.
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Offshore
Video
Quiver Quantitative
Nancy Pelosi was just asked for stock tips in person.
For the record, this video contains some misinformation.
We estimate that she is now worth $240M, not $100M like it suggests.
You can track her portfolio performance and holdings live on Quiver. https://t.co/Ies1dQPKmb
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Nancy Pelosi was just asked for stock tips in person.
For the record, this video contains some misinformation.
We estimate that she is now worth $240M, not $100M like it suggests.
You can track her portfolio performance and holdings live on Quiver. https://t.co/Ies1dQPKmb
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Capital Employed
RT @capitalemployed: FRESH OFF THE PRESS 🔥
Interview #99 with Darcy Morris from @EwingMorrisCo
Darcy discusses...
His background
Growing an investment company
Research process
2 stocks he's bullish on
+ much more
https://t.co/88SFeWHnxG https://t.co/vTdK8t5l2Q
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RT @capitalemployed: FRESH OFF THE PRESS 🔥
Interview #99 with Darcy Morris from @EwingMorrisCo
Darcy discusses...
His background
Growing an investment company
Research process
2 stocks he's bullish on
+ much more
https://t.co/88SFeWHnxG https://t.co/vTdK8t5l2Q
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Offshore
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Hidden Value Gems
Business biographies have usually more insights than annual reports or analyst notes.
Here are 9 lessons that I picked up from reading Shoe Dog by Phil Knight.
🧵👇🏽
#founders #entrepreneurs #Investors
1/11 https://t.co/UdPJ4gCOAm
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Business biographies have usually more insights than annual reports or analyst notes.
Here are 9 lessons that I picked up from reading Shoe Dog by Phil Knight.
🧵👇🏽
#founders #entrepreneurs #Investors
1/11 https://t.co/UdPJ4gCOAm
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