🤑247capital #29 | George Soros🤑
Follow-Up, Article of the week | George Soros, Tweets of the week ...
Hi Everyone 👋,
Welcome to the #29 issue of 247capital — your weekly source of Investment Research. If you are new, you can join my email list here, or👇🏻
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 $45.57 (up 1.37%)🔥
$GEO - bought at $5.79 - Issue 7
Closed the week at $7.40 (up 27.80%)🔥
XTRA:DFV - bought at 12.96€ - Issue 8
Closed the week at 13.10€ (up 1.08%)🔥
READ - bought at 39.25SEK - Issue 12+24
Closed the week at 34.68SEK (down 11.64%)❄️
$HIMS - bought at $8.28 - Issue 12+25
Closed the week at $8.71 (up 5.19%)🔥
$GEO - Nice article on Seeking Alpha:
GEO Group: The Market Has Mispriced The Stock, Grossly Undervalued
Since 2017, GEO shares have fallen sharply from $30 to $7.90 per share, below even the book value of $8.19 per share.
President Biden recently signed an executive order that banned the renewal of Department of Justice contracts with private prisons, but the effect on GEO is less than the market thinks.
The border crisis renders ICE dependent on GEO for capacity, making it near impossible for ICE to cut ties shortly.
With a market cap of just $970 million, GEO has the potential to increase 2-3x in the next 6-12 months.
$TAP - Molson Coors takes its partnership with La Colombe ready-to-drink coffee to the nation by distributing it at chains including Walmart Inc., Kroger Co., and Target Corp.
$HIMS - Signed tight-end and four-time Super Bowl champion Gronk from the Tampa Bay Buccaneers 😳
Article of the week - George Soros on BlackRock’s investment in China
George Soros wrote an opinion piece in The Wall Street Journal calling BlackRock´s investment in China a blunder.
He said that pouring billions of dollars into China would likely lose money for its clients and damage the national-security interests of the U.S. and other democracies.
If Washington and Beijing stand down on this particular battlefield—and Chinese stocks recover from their current beating —BlackRock could win big. If not, the damage could be significant as well.
Quote of the Week
We have three baskets: in, out and too tough … We have to have a special insight, or we`ll put it in the “too tough” basket.
- Charlie Munger
Tweets of the week
Joke of the week
Company names of the week - S - PART II
This is a list of company names with their name origins explained.
Today's Top 5 letter S:
Sharp – Japanese consumer electronics company named from its first product, an ever-sharp pencil
Skype - original concept for the name was Sky-Peer-to-Peer, which morphed into Skyper, then Skype. Microsoft took over the company in May 2011.
Smart – Swatch + Mercedes + Art
Sony – from the Latin word "sonus" meaning sound, and "sonny", a slang word used by Americans to refer to a bright youngster, "since we were sonny boys working in sound and vision", said Akio Morita. The company was founded as Tokyo Tsushin Kogyo KK (Tokyo Telecommunications Engineering Corporation) in 1946 and changed its name to Sony in 1958. They chose Sony as it could be pronounced easily in many languages.
Starbucks – named after Starbuck, a character in Herman Melville's novel Moby-Dick, also a variation of Starbo; at the time, a local mining camp north of Seattle.
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