Equity Analyst researching high-quality companies at Best Anchor Stocks and Invirtiendo en Calidad. Spanish account: @InvEnCalidad
Madrid, Spain
- Tweets 32,398
- Following 994
- Followers 58,232
- Likes 47,438
Pinned Tweet
In-depth reports I have published on S*stack so far...
- Deere $DE (free)
- FRP Holdings $FRPH
- Five Below $FIVE
- Diageo $DEO
- Hermès $HESAY
- Atlas Copco $ATCO.B
- Stevanato $STVN (free)
- Keysight $KEYS
- Zoetis $ZTS
- Judges Scientific $JDG.L
- Medpace $MEDP
- Trupanion $TRUP
- AAON $AAON
- BBB Foods $TBBB
- Eurofins $ERF
- Sabre $SABR
- Rosebank Industries $ROSE
- Undisclosed position
- Wide variety of in-depth industry reports
Currently looking into several other opportunities that might see the light soon.
The library will keep getting longer!
Subscribe: bestanchorstocks.com
2
6
48
10,869
What $CSU.TO and its universe does seems “simple” enough but you can’t find anything similar when looking at 99.9% of serial acquirers so there must be something tough about replicating the model
9
102
8,030
Leandro retweeted
Published a new article on Hermes where I go over..
1) The recent drawdown and the reasons
2) The implications of FX on both the financials and the multiple
3) Why the historical EBIT multiple might not be the best proxy for the future
Hope you enjoy it (free to read)
6
14
94
13,973
Earnings calls should be 5 minutes of prepared remarks at most and 55 minutes of Q&A
We know how to read slides and a PDF thanks!
14
5
116
8,104
Just a thought but what if Amazon launches an agent that can look outside the Amazon marketplace and starts to roll out “Buy With Prime” seriously?
You’d get organic traffic from prime members and the Amazon experience
(Obv impossible to know how everything will evolve)
$AMZN
7
3
50
6,028
Hermes update dropping tomorrow with what I believe is a differentiated view!
$RMS.PA
5
2
80
9,959
IGV up 5% YTD and has recovered a good chunk of the AI-driven drawdown while Topicus $TOI.NE remains at the drawdown lows
Something feels off
10
2
66
12,903
Think a lot of people are underestimating Amazon’s role in all of this.
Of course it’s still very early in agentic search, but there’s much more to Amazon’s value prop than low prices and a lot of it can only be achieved with its ecommerce infrastructure
$AMZN
6
6
82
7,425
Tiendas 3B $TBBB continues breaking ATHs
Massive and underpenetrated market for the Mexican hard discounter
How does a retailer grow same-store sales 20% while its entire industry shrinks? $TBBB just did it in Q2.
Despite the significant store runway, more than half of its 39% total growth came from stores it already owns.
It’s a phenomenal business, I broke the Q2 report in the usual place!
2
2
25
6,286
I know it's not AI, but Rollins $ROL kinda looking interesting after a 50% cut
*Ducks*
13
7
124
17,383
Maybe wrong here and we don't have data, but seems like a good chunk of Amazon's marketplace ads happen post-purchase intent/search, so not really extremely exposed to discoverability
Also, why wouldn't a personal agent be bad for Meta's ad business in the future? (assuming agents get "commoditized"). Seems like there is more discoverability exposure in Meta ads that could be substituted by agentic search
Just thinking out loud here
$META $AMZN
I understand the first line of thinking that $AMZN doesn't like $META's Muse to shop around, and people starting to use AI agents as the entry point for commerce, but this is the future.
I don't believe $AMZN has a chance of having its own world-dominant personal AI assistant that people would fully transition to. Best case is $AMZN has an endpoint or their own agent that Muse and other personal agents talk to, and not crawl on their websites.
$AMZN's e-commerce business will still do well in the agentic era (but they have to lean into the agentic era, not go away), but their ad business (the part of it that is related to discovery on their website) will probably be worth a lot less as agents take over.
11
4
70
22,455
This is absolutely hilarious but it’s also the reality of most businesses.
Unless you are an extremely recurring business you can:
1) Avoid guidance entirely
2) Sandbag to beat
3) Lose investor confidence by missing
Few fall in the first category so #2 and #3 most prevalent
A rather unusual moment during the break at $NVO’s Capital Markets Day.
Novo apparently forgot to turn off the microphones during the livestream, even though management clearly seemed to think they were speaking privately.
One particularly notable comment everyone watching could hear:
“We are going through a period right now where it is almost impossible to provide guidance.”
I can’t say with certainty who said it. 🤡
2
1
41
17,014
