Key Takeaways MCD sees high-margin beverages as a growth pillar, alongside beef and chicken, under its new structure. Learnings from CosMc's suggest preset drinks with light tweaks reduce complexity and boost appeal. New category leads will likely fast-track beverage innovation across ops, marketing and supply chain.McDonald’s Corporation (MCD) is sharpening its focus on the high-margin beverage category in a bid to reinvigorate traffic and elevate average check size across its global system. Drawing key ...

Core Insights - The investor has held a position in Henkel AG for over two years, primarily benefiting from dividends without significant capital appreciation [1] - The analysis emphasizes the importance of investing in high-quality companies with competitive advantages and defensibility, focusing on European and North American markets [1] Company Analysis - Henkel AG is viewed as a long-term investment opportunity, although the investor has not experienced substantial gains beyond dividend income [1] - The investor's strategy includes a broad market capitalization approach, indicating flexibility in investment choices from large to small cap companies [1] Academic Background - The investor possesses a Master's Degree in Sociology with a focus on organizational and economic sociology, along with a Bachelor's Degree in Sociology and History [1]

Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get starte ...

Group 1 - The article focuses on value investing opportunities in Asia, particularly in Hong Kong, targeting stocks with significant discrepancies between market price and intrinsic value [1] - The investment strategy emphasizes deep value balance sheet bargains, such as net cash stocks and low price-to-book (P/B) stocks, as well as wide moat stocks that represent high-quality businesses [1] - The author provides a range of watch lists with monthly updates to assist investors in identifying potential investment opportunities [1]

Core Viewpoint - Costco Wholesale has significantly outperformed the broader market, with a 200% increase in stock price over the last five years, doubling the S&P 500's return during the same period [1] Group 1: Sales Growth and Opportunities - Costco's sales have accelerated post-pandemic, with annualized revenue growth of about 11% from fiscal 2019 to fiscal 2024, compared to 8% from fiscal 2010 to 2019 [2] - The company has substantial growth opportunities in e-commerce and non-food sales, with e-commerce sales increasing nearly 16% year over year last quarter [6][7] - Costco's competitive advantage lies in its membership model, with nearly 80 million paying households, allowing it to offer low prices and continue expanding [4] Group 2: Expansion Plans - As of the recent quarter, Costco operates 914 warehouses globally, with plans to open 24 new locations in high-quality markets such as Sweden, Japan, South Korea, and Canada [5] - The company is experiencing double-digit sales growth in various non-food categories, including jewelry, toys, and home goods, indicating strong demand for diverse product offerings [8] Group 3: Valuation Concerns - Costco's stock trades at a high earnings multiple of 54 times forward earnings, significantly above the S&P 500's forward P/E ratio of 26 [9] - The current P/E ratio is also above Costco's five-year average of 44, raising concerns about the sustainability of such a high valuation given the slowing sales momentum in e-commerce and non-food sales [10][11] - Analysts expect long-term earnings growth at an annualized rate of 9%, which may not justify the current high P/E, potentially leading to disappointing returns for investors [11][12]

Core Insights - The article focuses on the Asia Value & Moat Stocks research service, which targets value investors looking for significant discrepancies between stock prices and intrinsic values, particularly in the Asian market, with an emphasis on Hong Kong [1] Group 1: Investment Strategy - The service seeks deep value balance sheet bargains, such as net cash stocks, net-nets, low price-to-book (P/B) stocks, and sum-of-the-parts discounts [1] - It also emphasizes wide moat stocks, which are high-quality businesses with strong earnings power available at a discount, including "Magic Formula" stocks and hidden champions [1] Group 2: Research and Updates - The author provides a range of watch lists with monthly updates to assist investors in identifying potential investment opportunities [1]

Group 1 - The article focuses on the Asia Value & Moat Stocks research service, which targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value [1] - The service emphasizes deep value balance sheet bargains, such as net cash stocks and low price-to-book (P/B) stocks, as well as wide moat stocks that represent high-quality businesses [1] - The author provides a range of watch lists with monthly updates, specifically concentrating on investment opportunities in the Hong Kong market [1]

Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get starte ...

Berkshire Hathaway has long been operated at the direction of Warren Buffett, who many consider to be the greatest investor ever. The legendary capital allocator is known for his sharp analytical skills and business acumen, which have helped the conglomerate amass an unbelievable track record compounding capital.For the average investor, it makes sense to look at the stocks Berkshire owns. There's one business in particular that makes up 21.6% of the entire $281 billion portfolio and currently stands as Ber ...

Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get starte ...