cash_incinerator

+2 re more meli

whoops, that didn't work

A ton of FSLR common

Thanks for the suggestion, I'll take a look.

Reviving this thread, which I'm surprised has been so quiet. I'm crowd sourcing for places to learn about in the AI space. Anyone following any businesses that are yet to really cash in on AI? I'm also just curious to learn how others are thinking about AI in their investment process. I'll start with my own idea MEDP, Medpace. Medpace is a wonderful founder run business in the Contract Research Organization (CRO) space. They really focus on small start up biotechs, run clinical trials soup to nuts for them, and wisely get all the money from their clients up front (massive negative net working capital numbers). For own my personal checklist, this one ticks pretty much every box. But what got me looking at MEDP in the first place was the AI angle. I think the development of new drugs and treatments will ulimately increase greatly due to AI's increasing ability to model new mocecules for possible drugs. That may lead to a lot more start ups trying out new drug research ideas, and there's never really a shortage of capital chasing the next wonder drug. One thing that will not change though is that regulators will still want to see those drugs rigorously tested in the real world. MEDP will be there to help whoever wants to trying their new drug idea out, and will be handsomely paid regardless of whether the new drug idea works or not. Anyone else considering grat business that should benefit from AI?

I really dont like rto and own rol, but too expensive to add to here. Rto has never worked for shareholders, I don't see a reason that would change going forward. Big acquisitions are tough and they rarely work. This seems to be no exception. I personally think value investors skew towards turnarounds and that it's a super unhealthy habit. The last 10 years has taught me the winners keep on winning. Rto is fellas.

Can you give a little color on Hermes and why you bought here. I love the brand of course, its the one fashion company i ever heard munger compliment, but i can never seem to get anywhere near a reasonable PT. Thanks. PS I just started a position in IBKR

YUMC. Im not called the cash incinerator for nothing

Added a little HSY

does anyone have a source they prefer for insider ownership data on individual stocks; on various publicly available sites, i'm getting wildly divergent responses and I"m not sure how reliable they are

Ag Commodities go through these cycles. We're not looking at permanently higher cacao prices. In a few years (at most) prices will crash and hsy and the rest of the chocolate makers will keep retail prices as they are, scooping huge margins. I want this to get worse so hsy gets absolutely crushed on margins in the near term. Best time to buy will be when it's trading at 50x, cacao is at 10000, and hsy is at 130 or so. I own shares now cause that's not a certainty, but easy to get bigger and bigger as it goes lower on ozyempic/ cacao price news.

I have a few oz investments, I never understood how a publicly traded one could really work, and I'd steer clear. And oz program just causes a deferral of a capital gain until tax year 2026, not a deduction thats good forever. So yes you could buy oz with say a dollar in capital gains and defer that dollar of cap gains tax until 2026, saving you 20 cents this year. But if you ever sold oz before 2026, that entire transaction should be reversed, and since you are the seller, i think the irs would take a dim view and might impose penalties and interest. Not sure on that last piece but I'd be careful.

Byddy

Yumc starter. Curious if anyone understands a bear case outside of general negative sentiment on china. Big picture future seems very clear and bullish to me though.

Yeah ive been building a hsy position too. Not quite sure what the cause for the decline is, but its not operating performance. Cocoa and sugar prices roofing of late maybe, ozyempic talk perhaps, maybe tax loss selling as we get to year end. Clearly a superior business at a fair price roght now. Easy to buy at 20x, back up the truck at 15x.