AkhenOsiris
BKNG showing some life finally
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BKNG showing some life finally
BKNG 13% off the high. Travel still robust.
BKNG nowadays a mature EPS and Rev grower, fwd PE at market multiple (low 20s).
AI risks to how travel will be booked may be a part of this, take rates going forward, etc.
HLT, MAR, UAL, DAL are all near their highs.
ABNB well off summer 2024 highs with its own challenges, while EXPE has fared better than BKNG of late. - AkhenOsiristweet
AkhenOsiris
Operator is going to make QA'ing a whole lot easier, and that's not even taking into account newer iterations and any offshoot that's primary purpose is to debug GUIs.
Not sure which products out there might suffer, but TEAM should be incorporating this type of product, whether external or made in-house, to auto log defects, and so on.
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Operator is going to make QA'ing a whole lot easier, and that's not even taking into account newer iterations and any offshoot that's primary purpose is to debug GUIs.
Not sure which products out there might suffer, but TEAM should be incorporating this type of product, whether external or made in-house, to auto log defects, and so on.
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AkhenOsiris
FT on Stargate:
Despite the flashy announcement, Stargate has not yet secured the funding it requires, will receive no government financing and will only serve OpenAI once completed, the people familiar with the initiative have said.
“The intent is not to become a data centre provider for the world, it’s for OpenAI,” said one of the people.
Another person close to the project said it was far from a fully developed plan: “They haven’t figured out the structure, they haven’t figured out the financing, they don’t have the money committed.”
Altman had been speaking to SoftBank chair Masayoshi Son for as long as two years about AI projects, including a new AI device, according to people familiar with the discussions.
While Altman’s infrastructure plans had been in the works for well over a year, “the idea of announcing it at the White House was not in the works for [as long]”, according to one person with knowledge of the project.
“There’s a real intent to do this, but the details haven’t been fleshed out,” said another person involved in the project. “People want to do splashy things in the first week of Trump being in office.”
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FT on Stargate:
Despite the flashy announcement, Stargate has not yet secured the funding it requires, will receive no government financing and will only serve OpenAI once completed, the people familiar with the initiative have said.
“The intent is not to become a data centre provider for the world, it’s for OpenAI,” said one of the people.
Another person close to the project said it was far from a fully developed plan: “They haven’t figured out the structure, they haven’t figured out the financing, they don’t have the money committed.”
Altman had been speaking to SoftBank chair Masayoshi Son for as long as two years about AI projects, including a new AI device, according to people familiar with the discussions.
While Altman’s infrastructure plans had been in the works for well over a year, “the idea of announcing it at the White House was not in the works for [as long]”, according to one person with knowledge of the project.
“There’s a real intent to do this, but the details haven’t been fleshed out,” said another person involved in the project. “People want to do splashy things in the first week of Trump being in office.”
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InsideArbitrage
In the latest installment of our Deal Postmortem series, we discuss the failed merger of The Kroger Company $KR with Albertsons $ACI.
On paper, it seemed like a deal that would create one of the largest grocery operators in the U.S. However, after holding out hope for two years, the deal collapsed under the weight of antitrust concerns, union backlash, multiple lawsuits, opposition from certain states, and ultimately, a federal court decision.
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In the latest installment of our Deal Postmortem series, we discuss the failed merger of The Kroger Company $KR with Albertsons $ACI.
On paper, it seemed like a deal that would create one of the largest grocery operators in the U.S. However, after holding out hope for two years, the deal collapsed under the weight of antitrust concerns, union backlash, multiple lawsuits, opposition from certain states, and ultimately, a federal court decision.
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Hidden Value Gems
“We spend last year trying to guess who the next US president will be. We are guessing now what Trump’s policies will mean for economies.”
- David Einhorn at Skagen Conference
I agree - prefer to focus on bottom-up ideas. https://t.co/Lldxh4IYCA
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“We spend last year trying to guess who the next US president will be. We are guessing now what Trump’s policies will mean for economies.”
- David Einhorn at Skagen Conference
I agree - prefer to focus on bottom-up ideas. https://t.co/Lldxh4IYCA
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Stock Analysis Compilation
Platinium AM on Richemont $CFR SW
Thesis: Richemont is a high-quality luxury goods maker with strong jewellery brands, poised for growth despite the current industry downturn.
(Extract from their Q4 letter) https://t.co/rwdbRaP0T8
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Platinium AM on Richemont $CFR SW
Thesis: Richemont is a high-quality luxury goods maker with strong jewellery brands, poised for growth despite the current industry downturn.
(Extract from their Q4 letter) https://t.co/rwdbRaP0T8
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Offshore
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Startup Archive
Jensen Huang on why he rarely fires people and will instead “torture them into greatness”
Jensen once told Stripe founder Patrick Collison that he didn’t like firing people and seldomly did it. When asked to elaborate on this, Jensen responds:
“I’d rather improve you than give up on you. When you fire somebody, a lot of people will say ‘it wasn’t your fault,’ or ‘I made the wrong choice.’ But I used to clean bathrooms and now I’m the CEO of a company. I think you can learn it. There are a lot of things in life that I think you can learn and you just have to be given the opportunity to learn it… I don’t like giving up on people because I think they can improve.”
He continues:
“It’s kind of tongue in cheek, but people know I’d rather torture them into greatness. I’d rather torture you into greatness because I believe in you. And I think that coaches that really believe in their team torture them into greatness. Oftentimes they’re so close. Greatness will sometimes come in one day with an ‘I got it!’ — that feeling that you didn’t get it yesterday and all of a sudden one day something clicks. Could you imagine giving up that moment right before you got it? I don’t want you to give up on that, so I’ll just keep torturing you.”
Video source: @stripe (2024)
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Jensen Huang on why he rarely fires people and will instead “torture them into greatness”
Jensen once told Stripe founder Patrick Collison that he didn’t like firing people and seldomly did it. When asked to elaborate on this, Jensen responds:
“I’d rather improve you than give up on you. When you fire somebody, a lot of people will say ‘it wasn’t your fault,’ or ‘I made the wrong choice.’ But I used to clean bathrooms and now I’m the CEO of a company. I think you can learn it. There are a lot of things in life that I think you can learn and you just have to be given the opportunity to learn it… I don’t like giving up on people because I think they can improve.”
He continues:
“It’s kind of tongue in cheek, but people know I’d rather torture them into greatness. I’d rather torture you into greatness because I believe in you. And I think that coaches that really believe in their team torture them into greatness. Oftentimes they’re so close. Greatness will sometimes come in one day with an ‘I got it!’ — that feeling that you didn’t get it yesterday and all of a sudden one day something clicks. Could you imagine giving up that moment right before you got it? I don’t want you to give up on that, so I’ll just keep torturing you.”
Video source: @stripe (2024)
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InsideArbitrage
⚡🏭 Energy & Industrial Supplier $DNOW NOW Inc. share price rises (⬆️4.35% pre market) as the firm announces a new $160 million share repurchase plan (~11% of its current market cap) – Effective Immediately! 💰🔄
📈 Doubling Down: The new program doubles the size of its successfully executed $80 million inaugural buyback
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⚡🏭 Energy & Industrial Supplier $DNOW NOW Inc. share price rises (⬆️4.35% pre market) as the firm announces a new $160 million share repurchase plan (~11% of its current market cap) – Effective Immediately! 💰🔄
📈 Doubling Down: The new program doubles the size of its successfully executed $80 million inaugural buyback
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Dimitry Nakhla | Babylon Capital®
2 days ago I accumulated $NVO stock at ~$80 & provided my reasoning 🧬
Today, the stock is up +14% in pre-market trading after $NVO experimental weight-loss drug, amycretin, delivered successful trial results 💸
Here’s my original post for reference👇🏽 https://t.co/bX0blCF2Ua
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2 days ago I accumulated $NVO stock at ~$80 & provided my reasoning 🧬
Today, the stock is up +14% in pre-market trading after $NVO experimental weight-loss drug, amycretin, delivered successful trial results 💸
Here’s my original post for reference👇🏽 https://t.co/bX0blCF2Ua
I’ve decided to begin accumulating shares of $NVO here at $79-$82 initial 3% position with a targeted ~5% allocation 🧬
Here’s why:
Despite recent negative sentiment and a sharp drop in share price, $NVO fundamentals remain strong 👇🏽
•Double-digit EPS growth
•History of strong returns on capital
•Innovation-led corporate culture
•Aggressive share buybacks
•Attractive valuation relative to growth
•AA- S&P Credit Rating
•$11.2B in cash & $7.7B in long-term debt
___
IF $NVO drops to $65 it’s a win-win as I get to build a full position with $NVO trading for 18x NTM EPS (which would be a rare multiple to pay for $NVO, a level not seen since 2018-2019 & well below its 10-Year average multiple of 25x)
Outsized returns in biotech often follow a familiar pattern: adverse news creates a buying opportunity, allowing investors to accumulate shares with a margin of safety when expectations have been significantly reduced. (e.g. $ABBV at $70 in 2019 & $VRTX at $200 in 2021) tweet
AkhenOsiris
$AMZN
Amazon, is displaying a positive technical setup that favors a rise into the 290s, according to a breakout from a large base that was built from 2021 to 2024, according to Bank of America technical strategists.
In addition to the breakout, a bullish flag pattern was observed from December 2024 to January 2025, which further supports this positive technical setup.
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$AMZN
Amazon, is displaying a positive technical setup that favors a rise into the 290s, according to a breakout from a large base that was built from 2021 to 2024, according to Bank of America technical strategists.
In addition to the breakout, a bullish flag pattern was observed from December 2024 to January 2025, which further supports this positive technical setup.
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