Stoic Capitalist

17

[Stoic Capitalist @CapitalistStoic]

I can't buy these companies, but to me they look similar to $CNI and $PAYX in the low nineties.

- $OTIS
- Copart $CPRT
- Intuitive Surgical $ISRG
- $ASR at $280
- $NFLX (most people only like +$100, but $75 will do for me)
- Rollins $ROL
- McCormick $MKC
- $MCD

[Stoic Capitalist @CapitalistStoic]

@long_equity FCF / (Net) Debt

[Stoic Capitalist @CapitalistStoic]

I mentioned Otis on my profile, so I may be exposing an (earlier) mistake of myself.

My point is that while, at first, I saw some major pluses in the business models of Otis and Kone, I am in doubt now.

On second thought, the threat of independent service providers seems bigger. There seems to be no switching costs for customers.

Give me x amount of money, how much can I hurt them? Well, look at Japanese Elevator Services. They did quite that.

[Stoic Capitalist @CapitalistStoic]

I am not a major fan of booms, which are just another rat race, however in defence of the established (!) companies projected to profit from AI, I would like to humbly note that to me it seems unlikely that just as soon as the infrastructure is set up demand will all of a sudden disappear.

Perhaps I misread the one and the other.

[Stoic Capitalist @CapitalistStoic]

@DvdndDiplomats I still have to reach the point of course, however I believe one's whole perspective, one's whole worldview, might change once the first dollar for which no direct labour had to be performed arrives.

[Stoic Capitalist @CapitalistStoic]

@sidecarcap How should I know, but my perception was that part of buying a stock means believing the price at which one buys the stock is in a right range. In other words, that one is not overpaying.

[Stoic Capitalist @CapitalistStoic]

@PatriarchyRbds @RobertGreene Reading a book doesn't mean blindly taking over everything that's in it.

[Stoic Capitalist @CapitalistStoic]

Why so?

The original post is about the McDonald's Corporation. That's 95% franchisor economics, and just 5% restaurant economics.

I believe what you're talking about is restaurant economics, which is still quite relevant when you consider the fact that franchises must be able to earn a good living, but not when you judge the franchisor.

[Stoic Capitalist @CapitalistStoic]

@kevindmonaghan @Mindset4Money_X Do you mean the costs of operating any individual restaurant?

Why would the McDonald's Corporation report those as their own? They (ought to) do so only for the 5% of total stores they themselves operate.

[Stoic Capitalist @CapitalistStoic]

@EarningsB4Hugs Have you ever looked at Heineken?

[Stoic Capitalist @CapitalistStoic]

@analystecurieux Deutsche Boerse, Nemetscheck et SAP.

[Stoic Capitalist @CapitalistStoic]

@long_equity Do you only want the crème de la crème of businesses, or do you just say sugar is sugar.

If the latter is the case, then Cloetta might be a nice addition.

[Stoic Capitalist @CapitalistStoic]

@Letmoneywork050 Ich sehe 9-10 Titeln die ich besetzen möchte. Er sind jedoch auch andere Titeln, die ich hier nicht sehe, die mir interessieren.

[Stoic Capitalist @CapitalistStoic]

@0xtechquity Costco is the better one, no doubt about it.

However, isn't the weaker revenue growth at Walmart more, or at least partly, a consequence of the law of large numbers?

[Stoic Capitalist @CapitalistStoic]

@Mindset4Money_X It's a matter of what priorities one has: owning pieces of great businesses or looking at a price moving around.

[Stoic Capitalist @CapitalistStoic]

@DiviDrivenFIRE One interesting observation with the company is, however, that last year's buybacks, when price fell significantly were considerably lower than the years before.

[Stoic Capitalist @CapitalistStoic]

Persoonlijk vind ik de producten van Hermè, maar ook bijvoorbeeld LVMH veel te discretionair. Ik snap niet waar bij deze luxebedrijven de prijszettingsmacht vandaan komt. Status ofzo? Daar heb ik weinig mee.

Van bijvoorbeeld Apple snap ik wel waar die prijszettingsmacht vandaan komt, ondanks dat het ook in een (naar mijn mening) zeer competitieve markt opereert. Bij dat bedrijf dient het merk, wat slechts één onderdeel van de moat is, als een soort middel om mensen in een “fuik” te krijgen. Want zodra je in het eco-systeem zit, willen (en kunnen) de meesten er niet meer uit.

[Stoic Capitalist @CapitalistStoic]

Here in the Netherlands, in secondary school, I have a subject called “business economics”.

Last year we talked about EBITDA I just read a piece from which I can deduce that those composing my textbook don't know, only know dividends as a means of rewarding shareholders.

So here they do “teach” us about “investing” even before university…

[Stoic Capitalist @CapitalistStoic]

@European_DGI @ricardogorski Don't worry, they just stand before a green screen 😉

[Stoic Capitalist @CapitalistStoic]

@Stock_Bonvivant Das ist sehr interessant. Ich frage mich jedoch, wie mission critical ihre Lösungen sind und ob es switching costs gibt.

Vielen Dank!

[Stoic Capitalist @CapitalistStoic]

I wonder whether this was the gentleman's own experience