Posts
A bull case for Disney
I know what you're going to say: Disney has been dead money for more than 10 years, but hear me out. Disney has had a tough time during Covid and post-Covid - their debt-heavy Fox acquisition in 2019 right before the pandemic which disrupted their biggest money makers certainly didn't …
The multiple you pay is essentially the size of your bet
I’ve been thinking about valuation multiples in a slightly different way. When you pay a high multiple for a company, you are not necessarily saying that it is a bad investment or that its growth expectations are unreasonable. You are making a larger bet on your assumptions being correct. The …
Index investing is great but
I’ll just say upfront that I have all my money in index funds, but my god is it boring. I find stock picking to be so much more fun even if I lose money sometimes. It engages me intellectually. Anyone else feel the same?
Free, open source connectors for wealthfolio to save on subscriptions
https://wealthfolio.app/ is a free, open source, local-only, offline wealth tracker. It used to be hard to import from Fidelity and Schwab csv transactions that required a paid third party aggregator. Not any more. Find the scripts below. Official add-on to follow shortly. Canadian (Questrade) and Indian (Zerodha) integrations to follow …
Snapchat is the social subscription business of tommorow.
WH Smith is deeply undervalued but carries execution risk
[https://open.substack.com/pub/somethings0ff/p/nobodys-buying-this-issue-2-whsmith?utm\_source=app-post-stats-page&r=rc0eo&utm\_medium=ios](https://open.substack.com/pub/somethings0ff/p/nobodys-buying-this-issue-2-whsmith?utm_source=app-post-stats-page&r=rc0eo&utm_medium=ios) “The market is pricing a distressed retailer about to report a 78p per-share loss, encumbered by a suspended dividend and a recent emergency equity raise. What the algorithmic screens miss is that the loss is a non-cash accounting illusion, the balance sheet is now permanently de-risked, and the core …
Sprouts Farmer's Market (SFM) Moat
Quick question for the group. I'm going to consider looking into Sprout's Farmers Market stock. On the surface, I understand that they occupy a middle ground somewhere between the premium grocer's (Whole Foods) and the budget grocers' (Walmart, Kroger). I'm just not sure if that is enough to consider them …
How do people shortlist/sort/filter for Value REITS? Particularly sorting by discount to NAV.
Hi all, I'm looking to create a list of REITS (Particularly US ones at the moment, but also global) and I want to sort to find the ones with the biggest discount to Net Asset Value. And maybe even Price/FFO or do people use other metrics for finding value? Have …