Monday Morning Links 2023 Week 24
Global stock-related links
Americas:
Firm Returns on Warner Bros Discovery (๐บ๐ธ WBD US ๏ผ US$34 billion)
Value Donโt Lie on Labcorpโs coming spin (๐บ๐ธ LH US ๏ผ US$19 billion)
Analyzing Good Businesses on Brown & Brown (๐บ๐ธ BRO US ๏ผ US$18 billion)
Wolf of Harcourt Street on tech stock DocuSign (๐บ๐ธ DOCU US ๏ผ US$12 billion)
Sleep Well on RV maker Thor Industries (๐บ๐ธ THO US ๏ผ US$5.0 billion)
LATAM Stocks on Mexican PVC producer Orbia (๐ฒ๐ฝ ORBIA* MM ๏ผ US$4.4 billion)
Canadian Dividend on industrial Stella Jones (๐จ๐ฆ SJ CN ๏ผ US$2.8 billion)
Value Punks on tax refund company Global Blue (๐บ๐ธ GB US ๏ผ US$1.0 billion)
Hindenburg on problems with Tingo Group (๐บ๐ธ TIO US ๏ผ US$193 million)
From $100K to $1m on The Container Store (๐บ๐ธ TCS US ๏ผ US$155 million)
Canadian Dividend on Canadian Net REIT (๐จ๐ฆ NET-U CN ๏ผ US$84 million)
Clark Street Value: net-net Quince Therapeutics (๐บ๐ธ QNCX US ๏ผ US$57 million)
Europe:
Abilitato on British American Tobacco (๐ฌ๐ง BATS LN ๏ผ US$73 billion) (German)
Value and Opportunity on Handelsbanken (๐ธ๐ช SHBA SS ๏ผ US$17 billion)
Turtles on Swedish gaming roll-up Embracer (๐ธ๐ช EMBRACB SS ๏ผ US$3.0 billion)
YAVB on litigation financing company Burford (๐ฌ๐ง BUR LN ๏ผ US$2.9 billion)
Mr Market Miscalculates on Mayr-Melnhof Karton (๐ฆ๐น MMK AV ๏ผ US$2.9 billion)
Clark Square Capital on OTA Lastminute.com (๐จ๐ญ LMN SW ๏ผ US$373 million)
Moram on Italian small-cap Unidata (๐ฎ๐น UD IM ๏ผ US$133 million)
RhinoInsight on driving school 123fahrschule (๐ฉ๐ช 123F GR ๏ผ US$22 million)
Asia-Pacific:
Jehoshaphat: update on Techtronic Industries (๐ญ๐ฐ 669 HK ๏ผ US$17 billion)
Breeley Capital on beer producer Multi Bintang (๐ฎ๐ฉ MLBI IJ ๏ผ US$1.2 billion)
Oriental Value on watch retailer Oriental Watch (๐ญ๐ฐ 398 HK ๏ผ US$290 million)
Asian Century Stocks on Fuji Corp Miyagi (๐ฏ๐ต 7605 JP ๏ผ US$190 million)
(estimated reading time)
Michael Mauboussin: ROIC and the Investment Process (31 pages)
Man Group: Alt-data: the key to predicting the next crisis? (8 mins)
Goehring & Rozencwajgโs 1Q2023 report: Hubbertโs peak is here (38 pages)
Marc Andreessen: Why AI will save the world (31 mins)
Junto Investments discussing pricing power (34 mins)
Matthew Ball: What it takes to build a large tech platform (1 hour)
Ben Thompson on Apple Vision (20 mins)
RBA Advisors: How are new bulls born? (4 mins)
Jesper Koll on Tokyoโs housing market (9 mins)
Aswath Damodaran on the recent banking crisis (21 mins)
Verdad argues for selling one-day options on a systematic basis (6 mins)
FarmTogether, Inc: Introduction to farmland investing (10 mins)
Open Insights with an update on the current market for crude oil (4 mins)
Palm Valley Capital on how earnings call mentions of inflation (7 mins)
(listening time)
Stan Druckenmiller on Nvidia, Chinaโs future & more (32 mins)
Jeff Gundlachโs macro and market views June 2023 (58 mins)
Seawolfโs Vincent Daniel argues that the Fed put still exists (1:24 hours)
Ray Dalio on money, debt and the political landscape (26 mins)
Eric Basmajian: Markets are signalling a recession is imminent (54 mins)
Bob Robotti on his career & current outlook (33 mins)
Nassim Taleb on todayโs macro picture and cryptocurrencies (31 mins)
Unlimited Fundsโ Bob Elliott on macro and the hedge fund industry (1:11 hours)
Michael Skinner on launching a new fund Blackwattle in Australia (11 mins)
Jim Grant believes interest rates will stay high (45 mins)
Adam Shapiro on asset allocation and assessing fund managers (59 mins)
Gene Munster with his view on how to invest in tech in 2023 (40 mins)
Joseph Wang providing his view of Treasury markets in 2H2023 (1:14 hours)
Martin Fridson of Lehmann Livian Fridson Advisors on Fed policy (34 mins)
Jim Falbe of new value shop Saguaro, spun out of Vulcan (1:03 hours)
Alberto Gallo of Andromeda Capital on opportunities in credit (40 mins)
Value Stock Geek on writing on Substack and how heโs investing (1:16 hours)
Mathieu Chabran of Paris-based Tikehau Capital on the industry (1:11 hours)
Thomas Bachrach at PFH Capital on Natural Resource Partners (1:32 hours)
Business Breakdowns on First Citizens Bank (1:03 hours)
Marc Rubinstein on Capital One Financial (1:13 hours)
Mike Alkin of Sachem Cove on the supply & demand for uranium (48 mins)
Sara Naison-Tarajano of Goldman Sachs on how HNWI invest now (32 mins)
David Mitchison of Zennor: Itโs time to buy Japan (48 mins)
Interested in Asian equities? Check out my sister publication Asian Century Stocks, which provides deep-dives on value stocks in the Asia-Pacific region:
Disclaimer: Monday Morning Links uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers, including whether any investment suits your specific needs. From time to time, I may have positions in the securities covered in the articles on this website.
Thank you for mentioning my write up on $TCS