Monday Morning Links 2023 Week 25

Global stock-related links

Americas:

• Investing Marathon on Waste Connections (🇺🇸 WCN US － US$35 billion)

• Nongaap Investing on CEO resignation at Illumina (🇺🇸 ILMN US － US$33 billion)

• Tech Investment Ideas on Wolfspeed (🇺🇸 WOLF US － US$6.6 billion)

• Kerrisdale’s short thesis on Carvana (🇺🇸 CVNA US － US$4.6 billion)

• Quality Value Investing on Mueller Industries (🇺🇸 MLI US － US$4.6 billion)

• WSG on CNX Resources (🇺🇸 CNX US － US$2.9 billion)

• Special Situations Investing on Consol Energy (🇺🇸 CEIX US － US$2.2 billion)

• 310 Value on First Watch Restaurant (🇺🇸 FWRG US － US$979 million)

• OnlyCFO on red flags at game developer Skillz (🇺🇸 SKLZ US － US$295 million)

• JustValue on Cato Corporation (🇺🇸 CATO US － US$162 million)

• 180 Degree Capital on comScore (🇺🇸 SCOR US － US$85 million)

• WTI Realist on Tenaz Energy (🇨🇦 TNZ CN － US$48 million)

• No Name Stocks on GSE Systems (🇺🇸 GVP US － US$10 million)

Europe:

• StockOpine on Diageo (🇬🇧 DGE LN － US$97 billion)

• Breeley Capital on Evolution (🇸🇪 EVO SS － US$29 billion)

• Librarian Capital on Croda (🇬🇧 CRDA LN － US$9.9 billion)

• Librarian Capital on Admiral (🇬🇧 ADM LN － US$8.5 billion)

• Rodrigo’s Newsletter on Embracer (🇸🇪 EMBRACB SS － US$3.2 billion) (Spanish)

• Yet Another Value blog with a part 2 on Burford (🇬🇧 BUR LN － US$2.8 billion)

• Clark Square Capital on Lastminute.com (🇨🇭 LMN SW － US$382 million)

• Sanabria on Ilpra (🇮🇹 ILP IM － US$69 million)

• Undervalued Shares on Playboy Group (🇺🇸 PLBY US － US$137 million)

Asia-Pacific:

• Modern Investing on Alibaba (🇨🇳 BABA US － US$238 billion)

• Profit Hunting blog with a short write-up on rare earth producer Lynas (🇦🇺 LYC AU － US$4.7 billion)

• Emerging Value on Beximco Pharma (🇧🇩 BXP LN － US$203 million)

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(estimated reading time)

• Warren Buffett providing his memories of Ben Graham (10 mins)

• Jon Dye on what he learnt from his father, value investor Tony Dye (5 mins)

• Voss Capital on stock compensation in software stocks (7 mins)

• Arjun Murti advises us to ignore short-term inventory movements in oil (11 mins)

• Stephen Clapham: Envision’s Chapter 11 could be the first of many (6 mins)

• Special Situation Investing on how the Trans Mountain Pipeline will be a tailwind for Canadian oil producers (8 mins)

• The Bear Cave’s red flag checklist (3 mins)

• Evermore Global Value Fund’s 1Q2023 letter on Lifco, MTG, etc (16 mins)

• Mairs & Power Small Cap Fund’s 1Q2023 letter on US small caps (10 mins)

• Asia Tech Review: the Sequoia empire is over - what’s next? (8 mins)

• Pangolin Asia’s May 2023 letter on the future of Malaysia, Japan, etc (9 mins)

• Andrew Batson: Breaking down China’s manufacturing sector (5 mins)

• Verdad: Japan’s value mandate for reform (5 mins)

• Altay Capital’s basket of cheap Japanese stocks (5 mins)

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(listening time)

• Boaz Weinstein on the risk of another credit crunch (19 mins)

• Steve Eisman discussing the recent banking turmoil (56 mins)

• Fireside chat with Joel Greenblatt on his career (1:08 hours)

• Jeff Gundlach on CNBC during the Fed Day on 14 June (28 mins)

• Robert Kaplan believes rates will be higher for longer (1:04 hours)

• Joseph Wang: Did the Fed just back down? (1:16 hours)

• CBRE’s CEO Robert Sulentic on US commercial real estate (9 mins)

• Ascent Funds’ Mark Gordon on the current energy market (1:04 hours)

• Scott Goodwin of Diameter Capital on credit investing (1:13 hours)

• Financial Times: Can Bob Iger revive Disney? (29 mins)

• Dan Niles of long/short fund Satori on AI, the FAANGs, etc (1:10 hours)

• Business Breakdowns on the mobile gaming industry (51 mins)

• Partners Group on the Breitling private equity deal (35 mins)

• Yaron Naymark on HVAC company Limbach Holdings (59 mins)

• Caligan’s Partners’ Dave Johnson on Morphosys (55 mins)

• Mike Alkem with an ultimate uranium crash course (1:30 hours)

• April interview with Louis Gave on the USD, China, oil, etc. (39 mins)

• Timothy Foley in Oct 2022: Is Japan read for a buyout boom? (59 mins)

• Leonard Law & Trung Nguyen on high-yield opportunities in Asia (27 mins)

• Entrepreneur Matt Barrie on risks in the Australian housing sector (1:01 hours)

• Coolabah Capital’s Chris Joye on Australia’s housing market and more (42 mins)

• HSBC’s Murat Ulgen discussing their recent EM investor survey (13 mins)

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Japan offers higher dividend yield than the rest of the world for the first time in 50 years. Source: Minack Advisors

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Interested in Asian equities? Check out my sister publication Asian Century Stocks, which provides deep-dives on value stocks in the Asia-Pacific region:

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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.