Dan Shay

Buy lower sell higher?

[Dan Shay @DanShay96]

Chris Brown's "I don't see how you can hate from outside the club / you can't even get in" is the shortened version of Teddy Roosevelt's Man in the Arena speech.

[Dan Shay @DanShay96]

@waterboystocks And 34 own Amazon. What's your point?

[Dan Shay @DanShay96]

@SteadyComp Thoughts on how AI can disrupt their ZEAL Corporation and the management solutions business? BI and outsourcing seems like something AI can definitely do. Those businesses make up 2/3 of their business.

[Speedwell Research @Speedwell_LLC]

Former head of M&A at $CSU on why $CSU is less exposed to the AI threat compared to $ADBE, $CRM, $INTU

"We will acquire the best one, the second best one, and so on until we have a significant chunk of the market with ourselves.

At that point, switching out becomes difficult."

[Dan Shay @DanShay96]

@ReneSellmann Your writing needs to be a LOT more concise

[Nicolas Bustamante @nicbstme]

https://t.co/v7sot4WCI2

[Dan Shay @DanShay96]

@CDInewsletter check out dividend aristocrat $JHD.L James Halstead plc, highest ROIC in its boring industry. don't think you've mentioned them before

[SouthernValue @SouthernValue95]

Decent long pitch for $MKL from Gaynor:

“A of September 30, 2024, total net investments summed up to $30.3 billion. Five years ago that number stood at $18 billion, an increase of 68%.

For the first nine months of 2024, we earned underwriting and insurance operating income of $458 million, compared to $249 million in the first nine months of 2019. That's an increase of 84%.

Third, through the first nine months of 2024, we earned $388 million of operating income in our Markel Ventures operations compared to $179 million in the first nine months of 2019. That's an increase of 117%.

Fourth, through the first nine months of 2024, we earned recurring dividend and interest income of $677 million, compared to $339 million in the first nine months of 2019. That's an increase of 99%.

At September 30, 2024, each share of Markel Group sold for about $1,570. At September 30, 2019, each share of Markel Group sold for $1,180. That's an increase of 33%. That is the smallest percentage increase of any of those numbers.

In some cases, [those numbers] fell short of what we strive for and what we expect going forward. Nonetheless, I think it's fair to assert that they describe an airworthy craft.

In response to those measurements, which I believe describe genuine progress and our sense of intrinsic value, we've responded by repurchasing Markel Group shares. Most of the repurchase activity took place starting in 2022, and it continues through this day. So far, that's a decrease of about 6.7% in outstanding shares.

We think, given our valuation, capital position, and capital allocation alternatives, that repurchasing shares makes sense, and as such, we are doing so.”

[Dan Shay @DanShay96]

@TSOH_Investing Will you be doing an article on Markel's recent Q? Interesting things happening with reinsurance, ventures, buybacks, and valuation.

[Chin Hui Leong @chin_investor]

Tom Gayner joined $MKL in 1990 after he saw its similarities to Warren Buffett's $BRK.

He became co-CEO in 2016 and sole CEO in 2023.

Since 1990, Markel's shares have soared from $22.25 to nearly $1,560 today.

My latest article for Singapore’s financial newspaper, the Business Times.

As a $MKL and $BRK shareholder for more than a decade, these are a few lessons I picked up during Singapore’s Markel brunch session.

[The Transcript @TheTranscript_]

$IBKR CFO: "Stock share volume generally increased versus last year as clients in our largest markets, gravitated to larger, higher-quality names and trading relatively less in pink sheet and other very low-priced stocks."

[Dan Shay @DanShay96]

@Govro12 What's #4?

[Dan Shay @DanShay96]

Two factors that aren't often considered in workouts is taxation and brokerage execution/efficiency.

[VALENCIAN BAT CAPITAL @VBATCAPITAL]

Top 150 spirits brands by volume in 2023. To make it a little more visual, I have indicated by color the main companies as Diageo $DGE $DEO, Pernod Ricard $RI.PA, Suntory , Brown-Forman $BF.A $BF.B and Campari $CPR.MI Information obtained from: https://t.co/bqtRavboEQ

[Dan Shay @DanShay96]

@finphysnerd The disclosure discusses two large instutional holders who will be tendering. I believe it was around 20 million shares.

[philosophy for life @philosophy_life]

“One who believes in himself has no need to convince others.”

― Lao Tzu

[Dan Shay @DanShay96]

@muskokainvestor Have you done a "destination" analysis on this? How much revenue do you think they will be able to generate in 10 years?

[Dan Shay @DanShay96]

@muskokainvestor Thanks for sharing this.

[Dan Shay @DanShay96]

@CDInewsletter What are eligible dividends? Do most Canadian public companies' dividends count?

[Dan Shay @DanShay96]

@CCM_Brett questions:
1. will naver ever offer as convenient of distribution as cpng
2. will naver attract more customers due to more beneficial bundling than RocketWow
3. as cpng owns their own employees/trucks etc., what happens in an economic downturn?