Spekulatius

I am old enough to have fond memories of 3 Mile Island waiting for the hydrogen to blow up the containment vessel.

EVERYTHING is investable at the right price.

Sold $CELH starter. Concern about continuing large insider sales.

What is your evidence that Biden/Kamala are antisemitic?

That headline should really be - stocks rise because people are buying or stocks fall because people are selling. That’s never wrong.

Can’t wait for the day that Elon and Thierry fly to Mars together. However Elon will never go there, because it will take him 6-45 min to reply to a tweet from there. The latency would kill him.

Got to say, this exploding Hezbollah pager attack is genius: Hezbollah went lower tech and distributed the pagers earlier this year because they thought they were safer and somehow Mossad compromised the supply chain and put in a small explosive in them that all went off at the same time.

Sold $FIVE. Worked out alright.

Perhaps it’s me, but management seems clueless on how to turnaround the US Terminex business. First the CEO was talking about search optimization, then improve employee retention to improve customer retention. Both didn’t work even though “initial results were promising”. Now they are saying that costs were too high because they had employee working weekends which of course lead to higher cost due to overtime pay etc. That was done to squeeze out more revenue yet growth has been dropping all along and sits at 1%. I think management need to go here or progress seems unlikely. ROL has none of the issues and has ~8% organic growth, so it’s not the market or consumer, it’s lack of execution for Rentokil in the US.

You do realize, that the top feed is customized on X and has to do with your own history. Below is mine. I have two accounts, one of them I rarely use and of course that one is showing me a different “What is happening feed” than the other. That tells me that “What is happening” has more to do with your own click history on X than what is actually happens in other words, it’s clickbait. I leave it up to others to draw conclusions from your own posted link.

I wish the US had data protection principles. The US is one of the few countries without data protection laws for individuals. It’s free for all here and that’s why business like Equifax and the other credit agencies exist

Der Spiegel is legit, but I think the article in question was more or less from a freelance guest writer.

I mentioned Anta a few times and their recent result were quite impressive given the state of the Chinese consumer. Mid teens sales growth and a 25% profit margin are quite good. Its not deep value , but if the business grows and the share price stagnates or worse, those business get cheaper and more interesting. I also think they have the wind at their back, because the Chinese consumer increasingly prefer Chinese goods/ brands over the likes of Nike etc. https://manager.wisdomir.com/files/394/2024/0827/20240828095726_67345600_en.pdf

SPOT BionNTech Adyen Revolut Genmab

I think valuations for European companies are lower than for comparable companies in the US. The best piece of evidence is the re-listing of companies from Europe to the US leads to a sometimes significant valuation boost. CRH is a very recent example. So in my opinion the market cap comparison is not something should be taken in isolation and looking at other numbers/metrics makes sense too. For example Europes GDP is lower than the USA by almost 50%, so what your really should do is compare $50B market cap companies to $100B market cap companies in the USA if normalized for GDP. What if I tweeted that Austrian stocks market suck because Australia does not have even a single trillion market cap company ? Again this does not explain the whole divergence and it easy to see that the US indices have performed better than the European ones, but I think the tweet is both factional incorrect and more importantly compares somewhat cherry-picked numbers.

X is neither free speech nor unbiased. It’s Elon running the business like it’s his hacienda as the Venezuelans say. People complaining about MSM bias and then totally overlooking that Elon uses X as a Maga propaganda platform is pretty much the pinnacle of hypocrisy. He also puts himself about national laws and then complains when it backfired. Still plays nice to his Chinese overloads though.

Elons companies are sort of a bad examples because there is a cult behind it that pushes the valuation to high multiples. If you do the same comparison just using objective criteria like profits, Europe looks quite a bit less bad. Another co that was started from scratch just a bit more than 50 years ago is actually Airbus - market cap 103B Euro and one example where European cooperation worked.

I don‘t see why energy stocks benefit from worsening US-China ties. Others will be Solar cell producers (First Solar). Rare earth miners and processors and material co like Umicore should benefit in many ways. LED cos like Osram or Wolfspeed have been pummeled by cheap subsidized Chinese competition and should see a reversal in their fortunes. Take any heavily subsidized Chinese industry and find western competitors and you have potential winners.

It‘s almost Oktoberfest time:

There is also SAP with a 220B Euro market cap. They were founded 52 years ago. Inditex was founded in 1985 so is less than years old and has a 156B Euro market cap.

Thats an opinion piece, nothing more nothing less. If what he states is true, then Iran and North Korea also have declared war. All nonsense.

Very impressive. What is interesting is that Huawei‘s ADS doesn’t rely on HD mapping. HD mapping is of limited value and a crutch because things changeable quickly and the most dangerous changes are not reflected in HD maps most likely. This system has sophisticated sensor suites with 3 Lidar systems. Lidar is great because it scans the environment with an active laser or radar beam and immediately gives a picture of the environment including the distance of any object without relying on software interference. Now Huawei ADS will never drive on US roads (and possible not European roads either) because the company is blacklisted and deemed government controlled. It would be the CCP‘s wet dream to have millions of Scanner vehicles driving through US and mapping out everything with centimeter precision and beaming the data back to the CCP cyberintelligence headquarter. I am invested in this sector through some recently acquired MBLY shares. I think they have their work cut out for to competence China. MBLY in their advanced systems also uses LIDAR. Looks like they dropped optical LiDAR in favor or Radar LiDAR. Radar LiDAR may be cheaper and has other advantages but is lower resolution. The self driving future is slowly coming but it‘s clear to me that Tesla is not leading here, although what they have done with quite cheap camera only system is quite impressive.

Even relatively small Euopean companies produce and sell world wide. There is opportunity with every baby that gets thrown out with the bathwater.

I think the anomaly will disappear when the market becomes more transparent. I think the insurance co could help, but they are not willing. Also, insurance is complex and not standardized and clauses matter . I had some friends who had a FEMA clause in their homeowner insurance and it matter big time when their home burned down in Santa Rosa wildfires in 2017. Those without thr clause had often struggled to rebuild their homes with th inflated rebuilding costs ate this distasteful. Then there is the fact that insurance is regulated by state, which means there are 50 different regulations. Thats a large hurdle toward transparency. I do believe this anomaly is going to be with us for a while.

Most semiconductor cos have rising inventory which started from very low levels in 2022- This is because the product is readily available and the customers then have become much more likely just to order just time. We know how this ends on the other side of a downturn.