🤑247capital #24 | 🎯READ | Yen Liow 🤑
Follow-Up, Buy of the week | $READ, Read of the week | Yen Liow, Tweets of the Week, ...
Hi Everyone 👋,
Welcome to the #24 issue of 247capital — your weekly source of Investment Research. If you are new, you can join my email list here.
The follow-up to former Issues
Below you´ll find the overview of all bought shares since Issue 1 and the current state. Please keep in mind we´re here for the long run. 5-10 years horizon at least.
$TAP - bought at $44.95 - Issue 1
Closed the week at $49.10 (up 9.23%)🔥
$GEO - bought at $5.79 - Issue 7
Closed the week at $7.65 (up 32.12%)🔥
XTRA:DFV - bought at 12.96€ - Issue 8
Closed the week at 14.76€ (up 13.89%)🔥
READ - bought at 43SEK - Issue 12
Closed the week at 37.06SEK (down 13.81%)❄️
$HIMS - bought at $8.95 - Issue 12
Closed the week at $8.15 (down 8.94%)❄️
🎯READ - Patience was rewarded today, and the estimated gap was closed. We bought our second tranche today for 35.50SEK. So our average price came down to 39.25SEK.
$HIMS - Next earnings are on Wednesday; we placed another buy order at $7.85 to average down further.
$GEO - Raised Its Outlook and Looks Like a Long-Term Growth Story
The bottom line is that, despite expecting to lose two major BOP prison contract renewals in the fall, it raised its guidance for this year. The reason appears to be that President Biden’s open border policies have allowed the company to take in more people on government contracts, just not BOP contracts.
In short, the company is going to continue to be significantly profitable.
$TAP - The field test of Topo Chico is in progress …
Read of the Week - The Distillation of Yen Liow
What Got You There posted a nice Distillation of Yen Liow, Managing Partner at Aravt Global LLC.
Compound math is by far the most important force in the universe. And you have to get on the right side of it as early as you possibly can. And this applies to literally everything in your life, whether it’s capital, ability, insights, contacts.
Quote of the Week
“It’s obvious that if a company generates high returns on capital and reinvests at high returns, it will do well. But this wouldn’t sell books, so there’s a lot of twaddle and fuzzy concepts that have been introduced that don’t add much.”
- Charlie Munger
Tweets of the week
Watchlist-News
$VITL - Vital Farms has expanded its portfolio of breakfast offerings with a new range of high-protein, egg-based bars available across the US. A great and promising addition in my opinion 👍🏻
“We’ve learned that many consumers are ‘cooking fatigued’, opting to eat several snack-sized meals a day or enjoying breakfast foods at unconventional times,”
- Meghan Shookman, senior director of innovation at Vital Farms.
Company names of the week - O
This is a list of company names with their name origins explained.
Today's Top 3 letter O:
Olympus – a Japanese company, founded as Takachiho Seisakusho in 1919, where Takachiho referred to Takama-ga-hara, the home of the gods in Japanese mythology. It was renamed Olympus Optical Co., Ltd in 1949, after Mount Olympus, the home of the gods in Greek mythology, and then Olympus Corporation in 2003. The company had been using Olympus as a brand name for optical products such as microscopes since 1921.
Oracle – Larry Ellison, Ed Oates, and Bob Miner worked on a consulting project, code-named Oracle, for the CIA. The project was designed to use the new SQL database language from IBM. When the project was terminated, they decided to finish what they started and market it. Later they changed the name of their company, Relational Software Inc., to the name of the product.
Osram – from osmium and wolfram
Got Feedback, Questions, or Suggestions? Just Hit Reply; I’d love to hear your comments.
Thanks for reading, and until next Monday,
Sebastian from 247capital