Monday Morning Links 2023 Week 31

Global stock-related links

Americas:

• L1 Capital on UnitedHealth (🇺🇸 UNH US － US$468 billion)

• Librarian Capital on the recent slump in Raytheon (🇺🇸 RTX US － US$127 billion)

• Special Situations on Cheniere Energy Partners (🇺🇸 CQP US － US$25 billion)

• Guasty Winds on the SOTP story of Carlisle (🇺🇸 CSL US － US$14 billion)

• Boyar Research on TopGolf Callaway Brands (🇺🇸 MODG US － US$3.6 billion)

• Headwaters Capital on TransMedics (🇺🇸 TMDX US － US$3.0 billion)

• Canadian Value on Madison Pacific Properties (🇨🇦 MPC CN － US$255 million)

• Deep Sail Capital on RCM Technologies (🇺🇸 RCMT US － US$164 million)

Europe:

• Invariant on British American Tobacco (🇬🇧 BATS LN － US$76 billion)

• Unfair Advantage on Spotify (🇸🇪 SPOT US － US$29 billion)

• The Generalist with a deep dive on ASML (🇳🇱 ASM NA － US$24 billion)

• From $100K to $1M on Wise (🇬🇧 WISE LN － US$10 billion)

• Mr Market Miscalculates on OVH Groupe (🇫🇷 OVH FP － US$2.2 billion)

• Rhino Insights on Villeroy & Boch (🇩🇪 VIB3 GR － US$583 million)

• Value & Opportunity on Mikron (🇨🇭 MIKN SW － US$246 million)

• Hurdle Rate interviews co-founder of DSW Capital (🇬🇧 DSW LN － US$19 million)

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(estimated reading time)

• Calafia Beach Pundit: The inflation rate is still headed towards zero (3 mins)

• Chris Mayer: The best book I’ve read this year is The Creative Act (8 mins)

• Value Don’t Lie: a primer on the US accommodations industry (15 mins)

• Laughing Water Capital’s 2Q2023 letter on several US small caps (7 pages)

• Undervalued Shares: 11 highlights from our dinner with Kuppy (7 mins)

• Mokapu Capital: Summary of Chris Mayer’s book 100-baggers (7 mins)

• Aswath Damodaran on how to assess country risks (19 mins)

• Superfluous Value: Brazilian value: The trade of the decade (6 mins)

• Broyhill’s 2Q2023 letter on Nintendo, Paypal and more (18 pages)

• Platinum: How Japan regained its mojo (8 mins)

• Blue Tower’s 2Q2023 letter discussing opportunities in Japan (5 mins)

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(listening time)

• Jeff Gundlach discussing the recent Fed rate hike (26 mins)

• Christopher Mayer on how to identify 100-baggers (33 mins)

• Robert Vinall: Impressions from a recent trip to China (24 mins)

• Ed Conway on Hosking Partners’ new podcast Capital Cyclists (59 mins)

• Andrew Walker of YAVB discussing his favourite positions (1:31 hours)

• Biotech investor Manisha Samy with three picks incl Invitae (39 mins)

• Louis Vincent-Gave discussing emerging markets, commodities (1:30 hours)

• Liz Hoffman discussing her new book Crash Landing (1:14 hours)

• Scott Patterson on his book Chaos Kings about modern trading (1:03 hours)

• Adam Mead on US vehicle auction company Copart (50 mins)

• Acquired Podcast with a monster deep-dive on Nike (4:03 hours)

• Graham Weaver of Alpine Investors: how to live an asymmetric life (33 mins)

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Put options on the S&P 500 index are the cheapest in years. Source: Bloomberg

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Interested in Asian equities? Check out my sister publication Asian Century Stocks, which provides deep-dive reports 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.