⁠Librarian Capital
They don’t ring a bell at the top, governance edition

Campari $CPR: "(New) plan … allows the dominant shareholder to sell half their shares (or more) without losing control of the company” (7-Aug-23)

Shares have since fallen ~40%
CEO Matteo Fantacchiotti has just resigned https://t.co/o4hk28PuDd

Some comments on Campari corporate governance.

https://t.co/rCZtoGgZrf - John_Hempton
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⁠Hidden Value Gems
Such a weird statement with all due respect to the company.

$GAW.L https://t.co/uVIQ6NhbvE
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⁠Stock Analysis Compilation
Smithson on Melexis $MELE BB

Melexis’ low-cost, high-functionality sensors are poised to ride the wave of growing automotive and smart technology demand

(Extract from their Q1 letter) https://t.co/dixSsuUOTf
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⁠Librarian Capital
J Stern & Co World Stars Global Equity performance

L5Y +14.1% p.1. (gross) vs. MSCI World +13.1%
Aug YTD +19.0% vs. MSCI World +16.7%

YTD biggest contributor: IT
YTD biggest detractor: Consumer Staples

Consumer names include Pernod Ricard $RI, Diageo $DGE, L'Oréal $OR https://t.co/Dg2AkprBy5
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⁠Librarian Capital
No real answers to this - I don't think there is one

That's the point. An interest rate differential of 25 bps makes no difference to business fundamentals

Trading stocks on your view of rate decisions is betting on being right on TWO things - the decision and how market reacts

Suppose you and a friend were to meet a deity

The deity offers to give you each a special power:
Both of you can predict Fed rate a year from now
You will be accurate to 25bps; your friend to 50bps

Equities only; no derivatives
Can you make more money than your friend? How? - Librarian Capital
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⁠Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: 20 Stocks ROIC >20% & Have More Cash and Equivalents to Long-Term Debt 💵

📈 Nvidia $NVDA
🏢 NVR Inc $NVR
🚗 Copart $CPRT
🤖 Fortinet $FTNT
🔩 Fastenal $FAST
💵 Paychex $PAYX
📐 Graco Inc $GGG
🚿 A O Smith $AOS
☁️ Microsoft $MSFT
🖱️ Alphabet $GOOG
📲 Taiwan Semi $TSM
🖨️ Lam Research $LRCX
💽 ASML Holding $ASML
🎥 Meta Platforms $META
💾 Applied Materials $AMAT
✈️ Booking Holdings $BKNG
🏥 Medpace Holdings $MEDP
🫀 Edwards Lifesciences $EW
🚛 Old Dominion Freight $ODFL
🧬 Vertex Pharmaceuticals $VRTX

#stocks #investing
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⁠Stock Analysis Compilation
Greenhaven Road on Burford $BUR LN

Burford’s $6.2B judgment against Argentina, with interest accruing daily, presents a highly attractive risk/reward opportunity as the company works through its backlog of cases

(Extract from their Q2 letter) https://t.co/GX7LSFfQE7
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⁠Librarian Capital
$HAYPP: I am disappointed to be misunderstood by so many of you, especially as we have been publishing our thoughts on Tobacco stocks since 2019 https://t.co/b9FW2Hk2im
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⁠Investing visuals
Business battle: Intel $INTC vs AMD $AMD 🥊✨

If you had to choose one to invest in for the next decade, which would it be?👇
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⁠Value Spotlight (Andrew Sather)
High non-interest bearing liabilities in Invested Capital for ROIC (Tutorial):

$LLY https://t.co/VfbCi7T86f
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⁠Dimitry Nakhla | Babylon Capital®
Having Trouble Finding Undervalued Quality Compounders w Market Near Highs❓

Here Are 7 Reasonably Valued Quality Stocks | P/E | EPS Growth Estimates | LTM ROIC 💸

💳 Visa $V
•NTM P/E: 27.24x
•10-Year Mean: 28.17x
•2024E: $9.92 (13.1% YoY)
•2025E: $11.07 (11.6% YoY)
•2026E: $12.54 (13.3% YoY)
•LTM ROIC: 35.7%

🖨️ ASML Holding $ASML
•NTM P/E: 29.39x
•10-Year Mean: 31.10x
•2024E: $18.83 (-5.4% YoY)
•2025E: $29.54 (56.9% YoY)
•2026E: $34.34 (16.3% YoY)
•LTM ROIC: 39.7%

💵 Mastercard $MA
•NTM P/E: 32.81x
•10-Year Mean: 31.42x
•2024E: $14.32 (16.8% YoY)
•2025E: $16.57 (15.7% YoY)
•2026E: $19.33 (16.7% YoY)
•LTM ROIC: 65.7%

✈️ Booking Holdings $BKNG
•NTM P/E: 21.78x
•10-Year Mean: 26.80x
•2024E: $174.59 (14.7% YoY)
•2025E: $200.86 (15.0% YoY)
•2026E: $235.73 (17.4% YoY)
•LTM ROIC: 48.4%

📦 Amazon $AMZN
•P/OCF: 18.13x
•10-Year Mean: 24.25x
•2024E: $11.20 (38.2% YoY)
•2025E: $13.22 (18.0% YoY)
•2026E: $16.53 (25.0% YoY)
•LTM ROIC: 13.8%

🖱️ Alphabet $GOOG $GOOGL
•NTM P/E: 19.96x
•10-Year Mean: 23.59x
•2024E: $7.64 (31.7% YoY)
•2025E: $8.71 (14.0% YoY)
•2026E: $10.02 (15.0% YoY)
•LTM ROIC: 30.9%

👜 Moët Hennessy Louis V $LVMH $MC
•NTM P/E: 19.43x
•10-Year Mean: 23.95x
•2024E: €29.71 (-2.0% YoY)
•2025E: €32.86 (10.6% YoY)
•2026E: €35.66 (8.5% YoY)
•LTM ROIC: 19.1%

#stocks #investing
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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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