Stocks

Interesting, and often contrarian, Snippets on individual companies and the stock market.

Stocks

Disney World

  • Collection Disney World maps through the years.
  • “This enormous land parcel is also unique in that it’s a kind of self-governing municipality, with its own fire department and emergency services. The district—officially known as the Reedy Creek Improvement District—is governed by a five-person Board of Supervisors elected by the landowners in the district. As a result, high-level Disney employees essentially run the entire region encompassing WDW.“
  • The area is so vast that “The Magic Kingdom parking lot, for example, is actually larger than the theme park itself.”
Stocks

Dying Wells

  • Interesting article about a company you probably haven’t heard of, but one that owns far more onshore oil and gas wells than Exxon.
  • The strategy is one of buying old “dying” wells to squeeze more life out of them.
  • The company isn’t short on controversy – the environmental cost of such wells is high (they leak gas) and once done they need to be plugged, which the company seems to do at a fraction of the cost of others.
  • Interesting contrast in a world of rising energy costs.
Stocks

Big Tech Acquisitions

  • Provocative chart from latest Bain technology report.
  • “When the facts are reviewed, most big tech M&A spending actually benefits consumers and doesn’t hamper competition. That’s according to Bain’s analysis of all $300 million-plus acquisitions, totaling more than $150 billion, from 2005 to 2020 by the five US hyperscalers: Alphabet, Amazon, Apple, Facebook, and Microsoft“
  • Overall they find that, excluding Linkedin, 72% of M&A spending created value for consumers, rising to 89% if we exclude Nokia/Motorola.
  • For those interested the methodology is in the appendix of the report.
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