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Quiver Quantitative
🚨 BREAKING: We just received new data on Elon Musk's election contributions.
He gave almost $75M to his PAC, @america.
This make his one of the largest individual donors in this election cycle, per our estimates. https://t.co/tthEioBhmu
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🚨 BREAKING: We just received new data on Elon Musk's election contributions.
He gave almost $75M to his PAC, @america.
This make his one of the largest individual donors in this election cycle, per our estimates. https://t.co/tthEioBhmu
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Quiver Quantitative
Just received new election contribution data.
On September 5th, Donald Trump said he’d create a government efficiency commission led by Elon Musk.
On that same day, Elon donated $30M.
He also donated $5M just days after Trump was shot. https://t.co/aVqfNfgAso
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Just received new election contribution data.
On September 5th, Donald Trump said he’d create a government efficiency commission led by Elon Musk.
On that same day, Elon donated $30M.
He also donated $5M just days after Trump was shot. https://t.co/aVqfNfgAso
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Hidden Value Gems
BofA October fund manager survey:
✅"Long Magnificent 7" is still the most crowded trade
✅ Geopolitical conflict is seen as the biggest tail risk
✅ Positioning on S&P 500 Is Very Extended https://t.co/43gDZ9DTyj
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BofA October fund manager survey:
✅"Long Magnificent 7" is still the most crowded trade
✅ Geopolitical conflict is seen as the biggest tail risk
✅ Positioning on S&P 500 Is Very Extended https://t.co/43gDZ9DTyj
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Hidden Value Gems
A masterpiece on Moats by @mjmauboussin (104 pages) 🧵👇
1⃣ "You can think of a stock price as having one part that reflects the value of the company operating at a steady state of profit and the other part that captures the value the company is expected to create or destroy with its future investments."
2⃣ "On average, the steady-state value has been two-thirds of the price and the anticipated value creation the other one-third.13 There have been bouts when the price reflected little or no future value creation (1974 and 2011) as well as significant future value creation (1999 and 2001)."
1/6
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A masterpiece on Moats by @mjmauboussin (104 pages) 🧵👇
1⃣ "You can think of a stock price as having one part that reflects the value of the company operating at a steady state of profit and the other part that captures the value the company is expected to create or destroy with its future investments."
2⃣ "On average, the steady-state value has been two-thirds of the price and the anticipated value creation the other one-third.13 There have been bouts when the price reflected little or no future value creation (1974 and 2011) as well as significant future value creation (1999 and 2001)."
1/6
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Stock Analysis Compilation
Let's start with the Q3 letters!
Every Wednesday in the newsletter I send out all the analysis published here in the previous 7 days in plain text, with links to all the letters.
Link : https://t.co/lBsLuVQjso https://t.co/QVjdSHoemi
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Let's start with the Q3 letters!
Every Wednesday in the newsletter I send out all the analysis published here in the previous 7 days in plain text, with links to all the letters.
Link : https://t.co/lBsLuVQjso https://t.co/QVjdSHoemi
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Stock Analysis Compilation
Night Watch IM on Dream International $1126 HK
Thesis: Dream International (1126 HK), trading at just 3x P/E with a 13% dividend, may be poised for recovery after being unjustly punished by its Hong Kong listing
(Extract from their Q3 letter) https://t.co/uNZNZtX9Gz
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Night Watch IM on Dream International $1126 HK
Thesis: Dream International (1126 HK), trading at just 3x P/E with a 13% dividend, may be poised for recovery after being unjustly punished by its Hong Kong listing
(Extract from their Q3 letter) https://t.co/uNZNZtX9Gz
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Librarian Capital
"Hong Kong slashes tax on spirits to boost nightlife" (FT)
"The duty rate for spirits with an import price of more than HK$200 (US$26) will be slashed from 100% to 10% for the portion of its value above that price"
This is a tax cut for super premium+ spirits only
cc $RCO $DGE
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"Hong Kong slashes tax on spirits to boost nightlife" (FT)
"The duty rate for spirits with an import price of more than HK$200 (US$26) will be slashed from 100% to 10% for the portion of its value above that price"
This is a tax cut for super premium+ spirits only
cc $RCO $DGE
Hong Kong slashes tax on spirits to boost nightlife https://t.co/aIbSDy92Lr tweet
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Librarian Capital
France: "Exceptional contribution" for large companies (EY)
2 fiscal years after Dec-24
Based on corporate income tax (CIT)
2 sets of rates based on sales
(1) €1-3bn: 20.6% of CIT in Y1, 10.3% in Y2
(2) >€3bn: 41.2% of CIT in Y1, 20.6% in Y2
$OR, $RI in (2); $RCO in (1) https://t.co/0CpHcOD9Tb
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France: "Exceptional contribution" for large companies (EY)
2 fiscal years after Dec-24
Based on corporate income tax (CIT)
2 sets of rates based on sales
(1) €1-3bn: 20.6% of CIT in Y1, 10.3% in Y2
(2) >€3bn: 41.2% of CIT in Y1, 20.6% in Y2
$OR, $RI in (2); $RCO in (1) https://t.co/0CpHcOD9Tb
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