In today’s briefing:
- Buy Hamee Corp
- Tech Supply Chain Tracker (01-Aug-2025): Hyundai chief joins Samsung, Hanwha in US tariff blitz.
- Luckin Coffee’s U.S. Invasion: A Brewing Storm for Starbucks!
- Brightstar Lottery Capital Return Continues to Exceed Expectations
- Lear Corporation: An Insight Into Its Recent Adaptation to Volume & Trade Dynamics & Its Strategy Shielding Its Global Supply Chain!
- Lucror Analytics – Morning Views Asia
- The Pool Corporation’s Strategic Playbook: Can Its Expanding Network & Innovation Lead the Industry Surge?
- Mohawk Industries: How Its Local Manufacturing Leverage Is Giving It An Edge In The Current Business Environment!
- Boston Beer Company: An Insight Into Recent Consumer Trends, Market Dynamics & Major Growth Drivers!
- Amid Declining Birth Rates and Working-Age Populations, Japan Still Hesitates to Embrace Diversity
Buy Hamee Corp
- Some of my favorite situations are international spin-offs because they fly under the radar. Hamee has not been written up on VIC, Seeking Alpha or Twitter (I found one writeup on Substack).
- The company is 3 months away from breaking up into two separate companies which both look attractive. It is currently classified as a Specialty Retail company but will spin off a high growth, high margin, SaaS company in November that I estimate is worth more than the entire company’s market cap today.
- The stock looks compelling on an absolute basis (5.1x NTM EBITDA) and SOTP basis. I see 31% to 117% upside over the next 6 months as the break up is completed.
Tech Supply Chain Tracker (01-Aug-2025): Hyundai chief joins Samsung, Hanwha in US tariff blitz.
- Hyundai chief partners with Samsung and Hanwha in US tariff push, showing collaboration between major companies to address trade issues.
- Arm CEO considers in-house chip production, signaling a strategic shift for the company towards more control over its manufacturing process.
- BOE secures half of Apple’s MacBook screen orders, displacing LG Display, showcasing the competitiveness in the display market.
Luckin Coffee’s U.S. Invasion: A Brewing Storm for Starbucks!
- Luckin Coffee reported strong financial results for the first quarter of 2025, underlining significant year-over-year growth in both revenue and profitability.
- The company revealed a 41% increase in total net revenues, reaching approximately RMB 8.9 billion, mainly driven by a 42% rise in gross merchandise value (GMV) amounting to RMB 10.4 billion.
- The growth in revenue was primarily fueled by expanded product sales through increased customer transactions, supported by an extensive store network.
Brightstar Lottery Capital Return Continues to Exceed Expectations
- Brightstar Lottery (BRSL) reported solid Q2 2025 results and is delivering on every aspect of the original thesis I laid out in June.
- The company has now begun executing on the largest capital return in its history: a $3.00 per share tax-free special dividend (paid July 29) and a $250MM accelerated share repurchase (ASR) — the first half of a $500MM buyback authorization.
- Brightstar also reiterated that it will maintain its $160MM annual dividend, so with fewer shares outstanding, the per-share dividend will increase, potentially rising to ~$0.22–$0.24 per quarter.
Lear Corporation: An Insight Into Its Recent Adaptation to Volume & Trade Dynamics & Its Strategy Shielding Its Global Supply Chain!
- Lear Corporation’s second-quarter 2025 financial results reflect a balanced mix of positive developments and areas of concern.
- Revenue remained stable at $6 billion, indicating resilience against macroeconomic and industry-specific challenges.
- The core operating earnings came in at $292 million with an operating margin of 4.8%.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: MGM China, SK Hynix, Tata Steel, Vedanta Resources
- Short-end UST yields rose slightly yesterday, extending Wednesday’s post-Fed curve flattening trend. The yield on the 2Y UST rose 2 bps to 3.96%, while the yield on the 10Y UST was stable at 4.38%. Equities ended the day mixed.
- The S&P 500 erased a rally earlier in the day on renewed tariff concerns, declining 0.4% to 6,339. The Nasdaq closed flat at 21,122, after Microsoft and Meta Platforms reported solid results.
The Pool Corporation’s Strategic Playbook: Can Its Expanding Network & Innovation Lead the Industry Surge?
- Pool Corporation’s latest financial results and guidance reflect a mixed performance, shaped by both market challenges and strategic successes.
- During the second quarter, Pool Corporation reported a 1% increase in net sales, totaling $1.8 billion.
- This growth was driven by positive sales trends in maintenance products, particularly in the chemical segment, and signs of improvement in construction activities towards the quarter’s end.
Mohawk Industries: How Its Local Manufacturing Leverage Is Giving It An Edge In The Current Business Environment!
- This earnings call update on Mohawk Industries provides a thorough overview of the company’s current performance, strategies, and market challenges.
- The company’s second-quarter net sales were reported at $2.8 billion, which shows a stable performance in the face of ongoing global challenges.
- Positives from this period include a favorable product mix, particularly within premium residential and commercial segments, bolstered by new product collections introduced over the last two years.
Boston Beer Company: An Insight Into Recent Consumer Trends, Market Dynamics & Major Growth Drivers!
- The Boston Beer Company recently reported its second quarter results for 2025, amidst a challenging macroeconomic environment impacting the overall beer industry, including economic uncertainty, household budget tightening, and specific pressures on Hispanic consumers.
- Despite these challenges, the company is identifying long-term growth opportunities, particularly in the “Beyond Beer” category, which includes ready-todrink (RTD) spirits and alcoholic teas.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Amid Declining Birth Rates and Working-Age Populations, Japan Still Hesitates to Embrace Diversity
- Since the government hasn’t taken any actions, the birth rate has dropped much lower than expected, and the population is shrinking much faster than predicted.
- There are various reasons why more people are choosing not to marry. It is necessary to implement policies that meet the needs of people with diverse views.
- With the decline in working-age population, it is necessary to incorporate as many diverse people as possible into human capital to maximize the abilities of as many people as possible.
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