Stocks

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

Stocks

Schrodinger

  • Citron Research, famed for short selling reports, are recommending long this stock – Schrodinger (SDRG).
  • They describe it as – “the most disruptive software platform to ever hit the pharmaceutical industry, which also happens to be backed by the world’s most sophisticated investors, has just gone public.“
  • Looks interesting and is worth investigating. The shares are sadly ca. +100% since IPO already.
  • As always with investing – this is not a recommendation, do your own work, use common sense.
Stocks

Salmon

  • Salmon, as it is a fresh high value discretionary product, could be an interesting lead indicator?
  • “Right now there is no trade with China of salmon, although you can find the air freight for the salmon. It doesn’t help because you don’t have the clients. And the price is also very high because of the cost of air freights…There people do not go out and eat….95% of the salmon consumption in China is through restaurants and the likes. So 120,000 tonnes of that market is out.” Mowi Conference Call via thetranscript.
Stocks

Hedge Fund Closure

  • Interesting article about Michael Platt.
  • After shutting BlueCrest he continued to trade his own money.
  • Last year they returned 53% net after costs.
  • Interesting to see a pattern – successful hedge fund gets too big, loses focus and closes down after bad returns.
  • Manager reverts to running own money and focus on one strategy – starts to perform strongly again.
Stocks

Franchises in the US

  • A great article full of tons of information on franchises.
  • This chart shows the fee for opening a franchise.
  • Notice how stand out Chick-fil-A is. This is because they pay for all the opening costs.
  • In return Chick-fil-A charges 15% royalty (vs. typical 4%-8%) and takes 50% of net profit.
  • Arguably this is a different model.
Stocks

Disney

  • This is a chart of the top app downloads in US. Check out Disney.
  • “The launch of Disney+ in mid-November was unprecedented in the U.S. Its 31 million downloads in Q4 2019 was more than double the total for the next closest app, TikTok.” 
  • It was still top despite launching Nov 12 – some way into the quarter.
  • Source: Sensor Tower (lots of good app stats inside report).
  • h/t The Big Picture.

Stocks

Spotify

  • Great article on Spotify.
  • “The rise of AirPods, smart speakers, and other wearable devices may not signal the onset of a true platform shift, but it undoubtedly represents a transformational evolution in the way we will consume media — and this emerging paradigm of distributed, “eyes up” device interaction directly benefits audio more than other content categories.“
  • Nice table comparing the music services as well.
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