Writing about Companies with an Unfair Advantage, Unfair Advantage

Unfair Advantage

Writing about Companies with an Unfair Advantage

I write about companies that have an unfair advantage. I might invest in them as well.

Equity Bottom-Up

<ul><li>Nick Sleep is an investor who belongs in the Hall of Fame. 21% annualized returns over 13 years. He started buying cheap businesses.</li><li>Over time, he reached a harder and more useful conclusion: buy a great business, then let it work for years.</li><li>That is why I am on the hunt to find businesses I never have to sell.</li></ul>

Nick Sleep is an investor who belongs in the Hall of Fame. 21% annualized returns over 13 years. He started buying cheap businesses.Over time, he reached a harder and more useful conclusion: buy a great business, then let it work for years.That is why I am on the hunt to find businesses I never have to sell.

Costco Model Hidden Inside Wise, Domino’s and Floor & Decor

Fundamental Analyses, Contrarian Cashflows

Contrarian Cashflows

Fundamental Analyses

The purpose of Contrarian Cashflows is to document my investment research and share it with everyone who is interested in value investing. My long term aspiration for Contrarian Cashflows is to become a platform for professional investors and serious amateurs where they can get inspiration and discuss investing-related topics.
I plan to publish one company deep dive per month that is guided by my investment approach. All information I use for my write-ups is publicly available and most of the time directly sourced from public filings issued by the respective companies. To guarantee maximum transparency, for every post I provide a list of all used sources in the resources section.
Contrarian Cashflows is built around the principles of respect, honesty, open-mindedness and a touch of humour. Please consider these principles in any engagement interaction with me, other readers and the content on this blog. Misbehaviour is not tolerated.
If you want to reach out to me directly, the best way is via LinkedIn, Twitter or email. You can find the details at my homepage contrariancashflows.com

Thematic (Sector/Industry)

<ul><li>I recently came across a thought-provoking blog post by Andrew Walker on his YAVB discussing the possibility of a bubble forming in quality stocks.</li><li>Although Andrew acknowledged that the title might be seen as provocative, he raised valid concerns about the potential challenges of achieving satisfactory returns in the future by investing in quality-growth-at-a-reasonable-price stocks, given their lofty valuations.</li><li>As an example, he pointed to Costco, which is presently trading at a P/E ratio of 50 despite its long-term expected growth rate only slightly surpassing that of the US GDP.</li></ul>

I recently came across a thought-provoking blog post by Andrew Walker on his YAVB discussing the possibility of a bubble forming in quality stocks.Although Andrew acknowledged that the title might be seen as provocative, he raised valid concerns about the potential challenges of achieving satisfactory returns in the future by investing in quality-growth-at-a-reasonable-price stocks, given their lofty valuations.As an example, he pointed to Costco, which is presently trading at a P/E ratio of 50 despite its long-term expected growth rate only slightly surpassing that of the US GDP.

Independent Investment Research & Investor, Maverick Equity Research

Maverick Equity Research

Independent Investment Research & Investor

Independent Investment Research & Investor: value, dividend and growth stocks. Risk management & hedging for an all weather portfolio.

<ul><li>Zooming out first for a big picture perspective - helpful away from the news &amp; chatter:</li><li>Bears Make Headlines &amp; Lose Money, Bulls Make Money! As always … !</li><li>The bear case sounds very smart very often, only problem is, it’s quite rarely right … !</li></ul>

Zooming out first for a big picture perspective - helpful away from the news &amp; chatter:Bears Make Headlines &amp; Lose Money, Bulls Make Money! As always … !The bear case sounds very smart very often, only problem is, it’s quite rarely right … !

The S&P 500 Report: Performance, Profitability, Sentiment & More - #Ed 5

Research from Superfluous Value, Superfluous Value

Superfluous Value

Research from Superfluous Value

Stock selection has rarely been as important as it is today. After a roaring decade for US markets and with signs of mania everywhere, the S&P 500 as over-priced as it has ever been.

But, there is better way. Superfluous Value is a contrarian, deep-dive into the markets forgotten by the 60/40 instos and indexing, momentum chasers. Where the hot money has long moved on, it leaves behind investments offering great safety and prospective returns.

I believe the 2020s will look diametrically opposite to the recent past, with Emerging Markets, the UK, Japan and commodities set to rip and I intend to be holding the best opportunities available as they do.

Please feel free to come along on the journey.

Contrarian Deep-Dive into the Markets

<ul><li>Just a short pre-Christmas note today. A number of market pundits have been giving the all clear to jump back in the pool now that crypto has been nuked and Peleton et al are down 80%+.</li><li>Yes, those were bubbles of the more ridiculous variety, but the S&amp;P 500 is still dangerously expensive and growth stocks are not the sole reason.</li><li>Under the hood, the index is stuffed with mature industrial and consumer businesses still trading well above their historical norms.</li></ul>

Just a short pre-Christmas note today. A number of market pundits have been giving the all clear to jump back in the pool now that crypto has been nuked and Peleton et al are down 80%+.Yes, those were bubbles of the more ridiculous variety, but the S&amp;P 500 is still dangerously expensive and growth stocks are not the sole reason.Under the hood, the index is stuffed with mature industrial and consumer businesses still trading well above their historical norms.

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

<ul><li>In just a few weeks, we will be in the thick of the third quarter earnings season which will steal the spotlight, at least temporarily, from global macro developments. </li><li>There appears to be mounting evidence from downside earnings surprises from Nike, FedEx, and CarMax that the consumer and economic pullback is now showing up in the financial reporting of companies quarterly profits and margins. </li><li>The global economic slowdown and inflation impacts are eroding margins and causing retailers like Nike to experience significant inventory builds which will require price cuts to clear the inventory (while good news for inflation). </li></ul>

In just a few weeks, we will be in the thick of the third quarter earnings season which will steal the spotlight, at least temporarily, from global macro developments. There appears to be mounting evidence from downside earnings surprises from Nike, FedEx, and CarMax that the consumer and economic pullback is now showing up in the financial reporting of companies quarterly profits and margins. The global economic slowdown and inflation impacts are eroding margins and causing retailers like Nike to experience significant inventory builds which will require price cuts to clear the inventory (while good news for inflation). 

United States

Costco Wholesale Corporation operates wholesale membership warehouses in multiple countries.  The Company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health and beauty aids, as well as other goods.

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Costco Wholesale (COST US)

Costco Model Hidden Inside Wise, Domino’s and Floor & Decor

Nick Sleep is an investor who belongs in the Hall of Fame. 21% annualized returns over 13 years. He started buying cheap businesses.

Unfair Advantage

Portfolio Update: April 2024

I recently came across a thought-provoking blog post by Andrew Walker on his YAVB discussing the possibility of a bubble forming in quality...

Contrarian Cashflows

The S&P 500 Report: Performance, Profitability, Sentiment & More - #Ed 5

Zooming out first for a big picture perspective - helpful away from the news & chatter: Bears Make Headlines & Lose Money, Bulls Make Money! As...

Maverick Equity Research

The Bubble Isn't Where You Think It Is

A number of market pundits have been giving the all clear to jump back in the pool now that crypto has been nuked and Peleton et al are down 80%+.

Superfluous Value

Weekly Stock Bullfinder - Week of 10/3

In just a few weeks, we will be in the thick of the third quarter earnings season which will steal the spotlight, at least temporarily, from global...

Weekly Stock Bull Finder

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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