⁠Hidden Value Gems
An interesting stock idea by Tim McElvaine (former colleague of Peter Cundill)

Seaport Entertainment $SEG - a recent spinoff from Howard Hughes

✅ Seaport owns valuable assets, including hospitality properties in Manhattan, a Triple-A baseball team, and Las Vegas air rights, which alone match its current market value.

✅ The additional upside comes from the turnaround of the restaurant business under new management.

✅ Bill Ackman’s Pershing Square owns 38% of the company.
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⁠Stock Analysis Compilation
Diamond Hill on Arvind $ARVIND IN

Thesis: Arvind's shift towards high-margin, less capital-intensive businesses like finished garments and advanced materials makes it a compelling investment at its current undervaluation.

(Extract from their Q2 letter) https://t.co/ioe6vMablY
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⁠Librarian Capital
"CPPIB managing director awarded damages" (FT)

An example of HR behaving badly

HR people don't understand the business and are often jealous producers make more than they

Judge: "The respondent appears to take issue with, and disapprove of, the claimant’s lifestyle choices"

CPPIB managing director who charged £11,700 to corporate card awarded damages https://t.co/HBwGiCu2KO - Finance News
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⁠Librarian Capital
There are differences between "The Snowball" editions

In recent weeks I have searched multiple times in vain for a passage* I thought I read

It turns out that 2 paragraphs have been edited out between the 2008 hardback I read and the 2018 kindle edition I bought for reference https://t.co/jyYfmjfsWf
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⁠Stock Analysis Compilation
Clearbridge on Siemens Energy $ENR GY

Thesis: Siemens Energy’s crucial role in global energy grid upgrades positions it for sustained growth in the green energy transition

(Extract from their Q2 letter) https://t.co/ucSmXs9Cdv
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⁠Hidden Value Gems
RT @HiddenValueGems: I am excited to announce the launch of the third Investment Masterclass. I will share:

➡️How you can apply my investment method in practice to generate solid returns

➡️Where to find new investment ideas

➡️Practical application of critical valuation tools and methods

➡️Portfolio management (position weights, taking profits and dealing with losers)

➡️How to avoid typical investment mistakes

Participants will receive a complimentary Investment Analysis package (proprietary Excel templates for valuation and financial analysis and an Investment Checklist).

Register today to secure your place and receive an early-bird discount 👇🏽
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⁠Librarian Capital
~6 years ago: "Johnnie Walker unveils White Walker Scotch whisky"

"Bottled at 41.7% abv, the expression contains liquid from single malt distilleries Cardhu and Clynelish ... (and has) notes of caramelised sugar and vanilla, and fresh red berries with a touch of orchard fruit" https://t.co/TmFlYH2qmb
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⁠Librarian Capital
Bill Ackman calls for US/Israeli strike on Iran

"Now is the time for the US to partner with Israel and eliminate Iran’s nuclear threat before it is too late"

Is $PSH short the market? https://t.co/TljxTBW1fy
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⁠Hidden Value Gems
Q3 Oakmark's portfolio changes:

Sold $AXP $MO $GOOG

Purchased $DGE.L $RI.PA $GPC $MKKGY $AKZA.AS $AZE.BR

Summary of Buy theses 🧵👇🏽

1⃣ Diageo & Pernod Ricard

1/4 https://t.co/7tSE6LlprV
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⁠Librarian Capital
"Buffett Cuts Bank of America $BAC Stake Below 10%" (Bloomberg)

$10.5bn of proceeds from 15 rounds of sales
Remaining stake still worth ~$31bn

Warren Buffett can take his time to reveal trades in Bank of America stock now that his conglomerate’s stake has been trimmed below a 10% regulatory threshold requiring rapid disclosure. https://t.co/f6mV7HyASD - Bloomberg
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