⁠Hidden Value Gems
It has happened 👇🏼

Prada Strikes $1.4 Billion Deal for Versace https://t.co/jqUv3xlzN4

Not bad for $CPRI if the deal goes through.

Prada close to offer €1.5B for Versace (20% of Capri's Sales and negative contribution to earnings). Versace has been loss-making for the past 3 quarters. Should be highly accretive for $CPRI.

Capri bought Versace for €1.85B in 2018, its recent asking price was €3B.

“Everyone is looking” at Versace - Miuccia Prada. - Hidden Value Gems
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⁠The Kobeissi Letter
BREAKING: March CPI inflation FALLS to 2.4%, below expectations of 2.5%.

Core CPI inflation FALLS to 2.8%, below expectations of 3.0%.

This marks the 2nd straight monthly decline in Headline and Core CPI inflation.

Inflation has cooled down despite the trade war.
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⁠The Kobeissi Letter
BREAKING: Core CPI Inflation in the US just fell below 3.0% for the first time since March 2021 🇺🇸 https://t.co/cQbrxGy1cp
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⁠The Kobeissi Letter
BREAKING: Inflation in the US is now down 60 basis points in 3 months. https://t.co/xeWfmv5oh3
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⁠The Kobeissi Letter
BREAKING: S&P 500 futures extend losses to -125 points despite weaker than expected inflation data.

Markets think the recently strong jobs report and cool inflation data gives Trump the “green light” to continue the trade war. https://t.co/mFOsdatOKP
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⁠Finding Compounders
Seth Klarman on Risk and Productive Worrying https://t.co/D4Uw7hb22E
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⁠Investing visuals
$QQQ closed +12.2% yesterday. Outperforming 2015, 2016, 2018, and 2022 in a single day. https://t.co/eeKmSs5Vf6
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⁠The Kobeissi Letter
BREAKING: S&P 500 losses accelerate, now down nearly -3% on the day. https://t.co/GUEX2KNQsu
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⁠Finding Compounders
Learn to say No https://t.co/vCet06DGOd
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