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Stock Analysis Compilation
Azagala Capital on Westaim Corp $WED CN
With strong cash reserves and undervalued assets like Arena, Westaim offers a low-risk investment with significant upside potential over the next two years
(Extract from their Q2 letter) https://t.co/7S5jhOBjeB
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Azagala Capital on Westaim Corp $WED CN
With strong cash reserves and undervalued assets like Arena, Westaim offers a low-risk investment with significant upside potential over the next two years
(Extract from their Q2 letter) https://t.co/7S5jhOBjeB
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Librarian Capital
Microsoft and Altria both saw FCF/share grew by ~140% between FY13 and FY23 (different FY)
This doesn't mean $MSFT vastly outpaced $MO just because of "valuation"
FCF/share is a bad metric when there's a lot of growth CapEx, because this is also subtracted
MSFT Non-GAAP EPS grew ~275% in FY13-23
Far better than MO's +108%
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Microsoft and Altria both saw FCF/share grew by ~140% between FY13 and FY23 (different FY)
This doesn't mean $MSFT vastly outpaced $MO just because of "valuation"
FCF/share is a bad metric when there's a lot of growth CapEx, because this is also subtracted
MSFT Non-GAAP EPS grew ~275% in FY13-23
Far better than MO's +108%
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Stock Analysis Compilation
VGI Partners on Amazon $AMZN US
Amazon’s dual focus on AWS’s AI-driven growth and retail margin expansion positions it for significant upside as its core businesses accelerate
(Extract from their Q2 letter) https://t.co/YMwOXkgGfH
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VGI Partners on Amazon $AMZN US
Amazon’s dual focus on AWS’s AI-driven growth and retail margin expansion positions it for significant upside as its core businesses accelerate
(Extract from their Q2 letter) https://t.co/YMwOXkgGfH
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Librarian Capital
British American Tobacco $BATS $BTI declared in Dec-20 US Velo capacity will be 60m cans* by 2021
Actual US Velo run-rate as of 24H1: 36.5m cans**
Things have not gone to plan
* Cans; pouch volume was already 162m that year
** 20 pouches / can https://t.co/5CDKbfObre
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British American Tobacco $BATS $BTI declared in Dec-20 US Velo capacity will be 60m cans* by 2021
Actual US Velo run-rate as of 24H1: 36.5m cans**
Things have not gone to plan
* Cans; pouch volume was already 162m that year
** 20 pouches / can https://t.co/5CDKbfObre
"British American Tobacco: Fun While It Lasted? Looking Beyond Rally" $BATS $BTI
Shares have fallen back after a multi-month rally, and structural concerns may be returning in H2
cc: $MO $PM $IMB
https://t.co/axUW3tph51 https://t.co/nvliEMCCwf tweet
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Librarian Capital
Twitter user numbers have fallen fast under Elon Musk
And they are falling even faster in the UK than the US
PS. We posting the same content on other platforms, and replies there are open given fewer bots
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Twitter user numbers have fallen fast under Elon Musk
And they are falling even faster in the UK than the US
PS. We posting the same content on other platforms, and replies there are open given fewer bots
X “active daily users in the UK have dropped from 8mn a year ago to only around 5.6mn now, with more than a third of that fall coming since the summer riots. The same thing is happening elsewhere, and not just in places where the platform has been banned” https://t.co/Dw0hFQKOQH https://t.co/Gv3MaHtV9z tweet
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Librarian Capital
$HAYPP: San Francisco City lawsuit against online retailers (filed 4-Sep)
Northerner among defendants and allegedly failed to follow the law in flavor ban, age & ID verification, labelling and delivery when tested by undercover investigators in Apr-24 https://t.co/r3BnBpboFd
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$HAYPP: San Francisco City lawsuit against online retailers (filed 4-Sep)
Northerner among defendants and allegedly failed to follow the law in flavor ban, age & ID verification, labelling and delivery when tested by undercover investigators in Apr-24 https://t.co/r3BnBpboFd
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Hidden Value Gems
A Reuters article on the threats of tariffs on European luxury goods in China. The country accounts for about a quarter of #LVMH and #KER sales.
The true luxury is when higher prices signal better quality and stimulate more demand. Not sure how bad this would ultimately be for those stocks.
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A Reuters article on the threats of tariffs on European luxury goods in China. The country accounts for about a quarter of #LVMH and #KER sales.
The true luxury is when higher prices signal better quality and stimulate more demand. Not sure how bad this would ultimately be for those stocks.
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