4
https://x.com/i/lists/1669153613199835138?t=R0mCicxs7zfJE_yOAek4gQ&s=09
Investing visuals
Clash of the Classics: Pepsi $PEP vs. CocaCola $KO. Who would you pick? https://t.co/gMGhTGWFqW
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InsideArbitrage
Soho House $SHCO received an offer from a new third-party consortium to acquire the company for $9.00 per share.
✴️The offer is conditioned on certain significant shareholders, including Soho's Executive Chairman, Ron Burkle, and The Yucaipa Companies, rolling over their equity interests as part of the transaction.
✴️ The Board has formed an independent Special Committee to evaluate the offer.
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Stock Analysis Compilation
Riverwater Partners on Uranium Energy Corp $UEC US
Thesis: Uranium Energy Corp. stands to benefit from clean energy demand, supply constraints, and geopolitical diversification
(Extract from their Q3 letter) https://t.co/sE6FkgMvmA
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Startup Archive
Elon Musk on the most important lesson he learned at PayPal
“The initial thought with PayPal was to create an agglomeration of financial services. So you’d have one place where all of your financial services needs would be seamlessly integrated and work smoothly. And then we had a little feature for email payments. And whenever we’d show the system off to someone, we’d show the hard part — the agglomeration of financial services, which was quite difficult to put together. Nobody was interested. Then we’d show people email payments, which was actually quite easy, and everybody was interested.”
Elon continues:
“I think it’s important to take feedback from your environment. You want to be as closed-loop as possible. And so we focused on email payments and really tried to make that work. And that’s what really got things to take off. But if we hadn’t responded to what people said, then we probably would not have been successful. So it’s important to look for things like that and focus on them when you see them and correct your prior assumptions.”
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Investing visuals
It’s been a while since we’ve seen a red day like this. Did you pick up shares of your favorite companies? 💸 https://t.co/Un9ORrLTX4
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InsideArbitrage
🏘️ $TPH Tri Pointe Homes, Inc. Announces $250 Million Stock Repurchase Program (7% of its current market cap) which succeeds the Dec 2023 plan
🏠 Under this plan, the homebuilder repurchased 1.2 million shares in Q4 at an average price of $41.57, totaling $50 million, and 3.96 million shares YTD at $36.97, totaling $146.6 million
🏠 It has been consistent with share repurchases, reducing shares outstanding by 25+% in the last 4 yrs!
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ce: $362.5M
Emergency Forest Restoration Program, Assistance for emergency forest restoration: $356.5M
Fisheries Disaster Assistance, Fishery resource disaster relief: $300.0M
Payments to States for the Child Care and Development Block Grant, Expenses for child care services: $250.0M
Payments to States for the Child Care and Development Block Grant, Expenses related to major disasters: $250.0M
International Boundary and Water Commission, United States and Mexico,Construction expenses: $250.0M
National Oceanic and Atmospheric Administration Operations, Research, and Facilities,Repair and replacement of observing assets and mapping services: $244.0M
Department of Homeland Security Coast Guard Procurement, Construction, and Improvements,Expenses related to consequences of disasters: $210.2M
State, Private, and Tribal Forestry,Forest Health Protection assistance for spruce budworm outbreak: $208.0M
Department of the Interior Indian Affairs Bureau of Indian Education Education Construction, Expenses related to natural disasters: $153.0M
Department of Defense Other Procurement, Air Force,Expenses related to consequences of Typhoon Mawar: $129.7M
Department of Defense Procurement, Procurement of Ammunition,Army,Expenses related to consequences of Hurricane Helene: $125.1M
Department of Homeland Security Coast Guard Operations and Support, Expenses related to Francis Scott Key Bridge collapse and other disasters: $102.5M
Family Housing Operation and Maintenance, Navy and Marine Corps,Expenses related to Typhoon Mawar: $102.2M
State and Tribal Assistance Grants, Hazardous waste financial assistance and solid waste management activities: $95.0M
Department of Defense Operation and Maintenance, Space Force,Expenses related to consequences of certain hurricanes and Typhoon Mawar: $90.2M
District of Columbia—Federal Payment for Emergency Planning and Security Costs in the District of Columbia, Costs associated with the Presidential Inauguration: $90.0M
State and Tribal Assistance Grants, Clean Water State Revolving Funds capitalization grants: $85.0M
National Forest System, Funding for shaded fuel breaks construction and maintenance: $75.0M
Department of the Interior Bureau of Reclamation, Water and Related Resources,Expenses related to natural disasters: $74.5M
Department of Defense Research, Development,Test and Evaluation,Airforce,Expenses related to consequences of Typhoon Mawar: $69.3M
Forest Service Operations, Expenses for wildfires and natural disasters: $68.1M
Federal Prison System Buildings and Facilities, Necessary expenses related to consequences of major disasters: $64.8M
State and Tribal Assistance Grants, Water emergencies address funds under Safe Drinking Water Act: $60.0M
Department of Energy Strategic Petroleum Reserve, Expenses related to damages caused by natural disasters: $60.0M
Department of the Interior Bureau of Land Management Management of Lands and Resources, Expenses related to natural disasters: $58.1M
Corps of Engineers—Civil Mississippi River and Tributaries, Expenses related to Corps projects caused by natural disasters: $50.0M
Department of the Interior National Park Service Historic Preservation Fund, Expenses related to natural disasters: $50.0M
Safe Drinking Water Act Amendment, Increase funding for various drinking water programs: $50.0M
Buildings and Facilities, Emergency expenses for agricultural research facilities: $42.5M
Medical Facilities, Expenses related to Hurricanes Milton and Helene and other disasters: $41.7M
Department of Defense Research, Development,Test and Evaluation,Army,Expenses related to consequences of severe storms: $41.4M
Department of Defense Procurement, Space Force,Expenses related to consequences of Typhoon Mawar: $38.0M
Recycling Infrastructure and Accessibility Program, Funding to improve recycling accessibility in underserved communities: $30.0M
Family Housing Construction, Navy and Marine Corps,Expenses related to Typhoo[...]
Quiver Quantitative
We've been writing code to track government spending.
Here's an update on how much money publicly traded companies have received from public awards in 2024.
Per our estimates:
1. UnitedHealth Group: $18.5B
2. Lockheed Martin: $16.1B
3. Boeing: $13.7B
4. Leidos Holdings: $8.81B
5. General Dynamics: $7.75B
6. McKesson: $7.35B
7. Booz Allen Hamilton: $7B
8. Northrop Grumman: $6.89B
9. L3Harris Technologies: $5.62B
10. Fluor Corp: $5.35B
11. Huntington Ingalls: $4.49B
12. Science Applications International: $3.98B
13. Raytheon: $3.49B
14. Resideo Technologies: $3.2B
15. Accenture: $2.98B
16. CACI International: $2.92B
17. Merck: $2.87B
18. Parsons: $2.43B
19. General Electric: $1.62B
20. Sanofi: $1.56B
21. Textron: $1.3B
22. Pfizer: $1.28B
23. AT&T: $1.21B
24. Cencora: $1.16B
25. International Business Machines: $1.13B
26. CGI Inc: $1.1B
27. Maximus: $1.08B
28. Fedex: $954M
29. GEO Group: $954M
30. Charter Communications: $913M
31. Oracle: $888M
32. Tetra Tech: $845M
33. KBR: $841M
34. Valero Energy: $799M
35. Oshkosh: $773M
36. BP: $622M
37. Aecom: $576M
38. ICF International: $561M
39. Olin Corp: $546M
40. Cardinal Health: $491M
41. Brown & Brown: $489M
42. Palantir: $441M
43. CoreCivic: $416M
44. US Foods Holding: $385M
45. A-Mark Precious Metals: $375M
46. Verizon Communications: $368M
47. Microsoft: $365M
48. ASGN: $362M
49. Nelnet: $321M
50. Caterpillar Inc: $299M
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Investing visuals
Broadcom $AVGO: up 22% today and officially joined the $1 trillion club.
Over the past decade, revenue soared 11x, from $4.3B to $48.5B. A truly remarkable achievement!
Congrats to all shareholders! 🙌 https://t.co/KVuqZzTkRX
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Hidden Value Gems
Thank you for voting, looks like #LVMH is by far the favourite !
If you had to buy one luxury goods stock for the next 3 years, what would it be ?
Unfortunately X allows to offer only 4 options
- LVMH
- Kering
- WOSG
- Hermes
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Startup Archive
Elon Musk on his schedule building both Tesla and SpaceX
In this 2013 interview, Elon is asked what his schedule looks like running both Tesla and SpaceX simultaneously. He responds:
“So the way I generally do it is I’ll be working at SpaceX on Monday. And then Monday night fly to the Bay Area, spend Tuesday and Wednesday at Tesla. And then fly back on Wednesday night, spend Thursday and Friday at SpaceX. In the last several months, I’d fly back here on Saturday and either spend Saturday and Sunday at Tesla or spend Saturday at Tesla and Sunday at SpaceX.”
Video source: @ComputerHistory (2013)
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Capital Employed
35 stock pitches we’ve enjoyed reading in the past two weeks… 👇
https://t.co/QOli1c5QWM https://t.co/yNsEQOUqnJ
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App Economy Insights
$AVGO Broadcom Q4 FY24 (October quarter).
VMWare acquisition completed in November 2023 (impacting infrastructure software segment).
• Revenue +51% Y/Y to $14.1B (in-line).
• Non-GAAP EPS $1.42 ($0.03 beat).
• Dividend raised by 11% to $0.59.
Q1 FY25 guidance:
• Revenue ~$14.6B (in-line).
• Adjusted EBITDA margin ~66%.
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Stock Analysis Compilation
FPA on Concentrix $CNXC US
Thesis: Concentrix’s low valuation and cash generation, coupled with strong client retention, make it a cautious hold in the face of AI competition
(Extract from their Q3 letter) https://t.co/sBChwipDzR
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Dimitry Nakhla | Babylon Capital®
Some notable facts regarding $MELI 💸
Revenue CAGR (2019-2023): 58%
Revenue CAGR (2023-2027E): 26%
EPS CAGR (2023-2027E): 34%
LTM ROIC: 20.1%
LTM ROE: 42.6%
Cash & Short-Term Inv: $6.67B
LT Debt: $3.04B
FFO Int Coverage Ratio: 20x
#stocks #investing https://t.co/HopoYzUpnL
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Capital Employed
What stock are you super bullish on as head into 2025? 🐂
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InsideArbitrage
Teoxane said in a 13D filing that it believes that the acquisition of Revance $RVNC by Crown Laboratories for $3.10 per share undervalues the company and that the consummation of the merger is not in the best interests of its stockholders.
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InsideArbitrage
Capital One $COF announced it received approval from the Office of the Delaware State Bank Commissioner on December 18, 2024, to complete its acquisition of Discover Financial $DFS.
Capital One anticipates that the transaction will close in early 2025, subject to the approval by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency.
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Stock Analysis Compilation
Diamond Hill on Allfunds $ALLFG NA
Thesis: Allfunds’ structural growth drivers and exchange-like platform make it an undervalued leader in European fund distribution
(Extract from their Q3 letter) https://t.co/vsfR81Cf53
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InsideArbitrage
$GO Grocery Outlet has appointed Christopher M. Miller as EVP & CFO, effective January 6, 2025. Miller joins from Shamrock Foods, where he served as CFO since January 2023. He will report to Eric J. Lindberg Jr., who has been serving as Interim President & CEO since October 2024. 📈
💼 Compensation Package
Base Salary: $550K 💵
Target Bonus: 60% of base salary 💰
Signing Bonus: $100K 🎉
Equity: Annual grants worth 200% of salary (60% PSUs, 40% RSUs) + $400K RSUs as a new hire grant 📊
🔄 Transition Details
Lindsay E. Gray will step down as Interim CFO on January 6, 2025, after serving in the role since February 2024. She will continue as SVP, Accounting & Principal Accounting Officer. 🤝
This follows the resignation of RJ Sheedy in October, which led to Lindberg stepping in as Interim CEO. The company is actively searching for a permanent CEO. 🚀
The stock is down nearly 41% since last year.
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Quiver Quantitative
Working on using AI to break down the 1,500 page continuing resolution into something more digestible.
Here's a long list of some of the spending outlined within the resolution:
Emergency expenses related to losses of revenue and production of crops: $30.8B
FEMA Disaster Relief Fund, Funding for major disasters: $29.0B
Community Development Fund, Funding for disaster recovery and resilience activities: $12.0B
Emergency Relief Program, Funding for repair damages resulted from cargo ship Dali: $8.1B
Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Columbia Class Submarine (AP): $6.0B
Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Virginia Class Submarine program and workforce wage improvements: $5.7B
Capital Improvement and Maintenance, Expenses for wildfires and natural disasters: $3.5B
Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Columbia Class Submarine: $2.9B
National Forest System, Expenses related to the consequences of wildfires and natural disasters: $2.5B
Department of the Interior National Park Service Construction, Expenses related to natural disasters: $2.3B
Small Business Administration Disaster Loans Program Account, Cost of direct loans for disaster assistance: $2.2B
Office of the Secretary, Assistance to producers of livestock and related losses: $2.0B
State and Tribal Assistance Grants, Safeguarding drinking water facilities affected by natural disasters: $1.8B
Economic Development Assistance Programs, Economic adjustment assistance related to flood mitigation, disaster relief, long-term recovery, and restoration of infrastructure in disaster areas: $1.5B
Department of Homeland Security Hermit's Peak/Calf Canyon Fire Assistance Account, Funding for fire assistance: $1.5B
Department of Defense Operation and Maintenance, Navy,Expenses related to consequences of various hurricanes and severe storms: $1.5B
State and Tribal Assistance Grants, Clean Water State Revolving Funds capitalization grants: $1.2B
Military Construction, Navy and Marine Corps,Expenses for Typhoon Mawar consequences: $1.1B
Emergency Watershed Protection Program, Emergency expenses for watershed protection: $920.0M
Department of Defense—Operation and Maintenance—Defense-Wide, Risk reduction and modification of National Security Systems: $913.4M
Department of Defense Operation and Maintenance, Airforce,Expenses related to consequences of certain hurricanes and Typhoon Mawar: $912.8M
Emergency Conservation Program, Assistance for emergency conservation: $828.0M
Corps of Engineers—Civil Flood Control and Coastal Emergencies, Expenses to prepare for flood and hurricane disasters: $745.0M
National Aeronautics and Space Administration Construction and Environmental Compliance and Restoration, Repair and replacement of NASA facilities damaged by natural disasters: $740.2M
Corps of Engineers—Civil Construction, Emergency expenses to address natural disasters: $700.0M
Department of Commerce—National Oceanic and Atmospheric Administration—Procurement, Acquisition and Construction,Acquisition schedule for Geostationary Earth Orbit: $625.0M
Department of the Interior United States Fish and Wildlife Service Construction, Expenses related to natural disasters: $500.0M
National Oceanic and Atmospheric Administration Procurement, Acquisition and Construction,Repair and replacement of observing assets and acquisition of hurricane hunter aircraft: $499.0M
Military Construction, Air Force,Expenses for Typhoon Mawar consequences: $487.3M
Department of Defense Operation and Maintenance, Army,Expenses related to consequences of severe storms and hurricanes: $451.9M
Rural Development Disaster Assistance Fund, Rural development disaster assistan[...]
Stock Analysis Compilation
Stock Analysis Compilation #67 is in your inbox 🔥
(link below)
50 stock pitches from the best hedge funds & newsletters :
$ADBE $ALCO $AMAT $ASPI $BOC $CHGG $CPNG $FAST $GOOGL $HIMS $INTU $JBI $K $KSS $TREE $LULU $MBUU $META $PLTR $QSR $REVG $CRM $IOT $SRPT $NOW $TBLA $ZTS and many more
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Stock Analysis Compilation
Heartland Advisors on Gates Industrial Corporation $GTES US
Thesis: Trading at a discount, Gates Industrial’s margin improvement and strong market position signal a compelling value opportunity with upside potential
(Extract from their Q3 letter) https://t.co/LuIHLSKZy8
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Startup Archive
RT @mikemcg0: "It may not be possible to prove that you have to work hard to do great things, but the empirical evidence is on the scale of the evidence for mortality. That's why it's essential to work on something you're deeply interested in. Interest will drive you to work harder than mere diligence ever could."
- Paul Graham, How to Do Great Work
Elon Musk on his schedule building both Tesla and SpaceX
In this 2013 interview, Elon is asked what his schedule looks like running both Tesla and SpaceX simultaneously. He responds:
“So the way I generally do it is I’ll be working at SpaceX on Monday. And then Monday night fly to the Bay Area, spend Tuesday and Wednesday at Tesla. And then fly back on Wednesday night, spend Thursday and Friday at SpaceX. In the last several months, I’d fly back here on Saturday and either spend Saturday and Sunday at Tesla or spend Saturday at Tesla and Sunday at SpaceX.”
Video source: @ComputerHistory (2013)
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Stock Analysis Compilation
Fairlight Capital on Serabi Gold $SRB LN
Thesis: Serabi Gold’s strong cash flow, production growth, and undervaluation make it a high-potential junior gold miner in an accelerating market
(Extract from their Q3 letter) https://t.co/6vItEzcc4V
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Quiver Quantitative
RT @InsiderRadar: 🚨BREAKING: New CEO Insider Purchase
The interim CEO of $PLAY has reported the purchase of ~$960K of the company's stock.
The stock had fallen 32% over the last 5 days, leading the previous CEO to resign on Tuesday.
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Hidden Value Gems
Has anyone come across a study on fiscal deficits and stock market returns. Probably relevant for small economies / EMs, less so for US …or maybe it is just a matter of time ?
It definitely looks interesting- US neg 7.6% (budget deficit of GDP), Russia at just -1.9%, Portugal and Greece even better 👀
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Hidden Value Gems
$TLW.L confirms it is in discussion with $KOS on all-share merger. Makes a lot of sense and would be a great deal given the overlap in assets, but it is a all-share deal which says a lot about the balance sheet and management’s views on fair values of respective shares.
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Quiver Quantitative
RT @PabloReports: Asked Rep. TIM BURCHETT (R-TN) about Trump's mass deportation plans. "If I was you, I'd look at which transit system congressmen from both sides of the aisle buy stock in," he said, adding: "That would give you a good indicator."
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