David Domenech

IngTelecomunicaciones. Máster Mercados Financieros. Family Office. Looking for value in small-mid cap

[David Domenech @ddomenechs]

You may be more confident about estimates of value that differ from market prices when few analysts follow a particular security

[David Domenech @ddomenechs]

@GuevaraChepa @Jervi_shungo CCM, y Caixa Catalunya , que estaba fuertemente vinculada a PSC-PSOE necesitó 12.000millones del FROB antes de ser subastada y absorbida por el BBVA. Las cajas andaluzas vinculadas al PSOE Andalucia..

Ni un zurdo sin manipular una estadistica

[David Domenech @ddomenechs]

@HctCS https://t.co/5S2o0fSHcw

[Punta @PuntaLeyend]

¿Bono cultural? ¡Qué guay! 🥰

¿Verano Joven? ¡A disfrutar! ☺️

¿Subvenciones a sindicatos? ¡Faltaría más! 😍

¿Subvenciones al cine? ¡De película! 😌

¿Publicidad institucional? ¡Fantástico! 🤩

¿Ayudas a países extranjeros? ¡Qué generosos! 🫶🏻

¿Subvenciones a partidos políticos? ¡Imprescindibles! 👏🏻

¿Más asesores y altos cargos? ¡Estupendo! 🥳

¿Bajar el IRPF a los trabajadores?

¡¡PERO, ¿DE DÓNDE VA A SALIR EL DINERO?!! 😡

[David Domenech @ddomenechs]

Ministerio de igualdad

[Javier Milei @JMilei]

LA ESTAFA DE LAS BANDERAS NOBLES.

El socialismo tiene un mecanismo perverso que repite sistemáticamente en toda América Latina: SE APROPIA DE CAUSAS NOBLES PARA JUSTIFICAR CURROS INDEFENDIBLES.

Primero elige una causa moralmente atendible. Los discapacitados, los jubilados, la universidad pública. Después, en nombre de esa causa, exige cada vez más gasto público, crea estructuras burocráticas gigantescas y administra cajas multimillonarias sin controles ni transparencia.

¿Y qué pasa cuando alguien llega y se anima a preguntar dónde está la plata? ¿Cuando alguien pretende auditar esas cajas?

APARECE EL CHANTAJE MORAL.

No muestran los números. No rinden cuentas. No explican nada. Te acusan de estar en contra de los discapacitados, de los jubilados o de la educación.

Porque el objetivo no es discutir cómo ayudar a quienes mas lo necesitan. EL OBJETIVO ES QUE NADIE SE ATREVA A CUESTIONAR SU NEGOCIO.

Y cuando finalmente se abren las cajas, aparece lo de siempre: intermediarios, estructuras militantes, privilegios y curros financiados con el dinero de los pagadores de impuestos.

USAN A LOS POBRES COMO ESCUDO MORAL PARA DEFENDER LOS PRIVILEGIOS DE LA CASTA.

Lo vimos en la Argentina y lo vemos en cada país donde el socialismo logró echar sus garras.

Siempre el mismo mecanismo. Siempre el mismo chantaje. Siempre los mismos beneficiarios. Y siempre las mismas víctimas: los que verdaderamente necesitan ayuda y los argentinos de bien que pagan la fiesta.

NO DEFIENDEN DERECHOS. DEFIENDEN CAJAS.

QUE SE ABRAN TODAS LAS CUENTAS. QUE SE PUBLIQUE CADA CONTRATO. QUE CADA RESPONSABLE RINDA CUENTAS HASTA DEL ÚLTIMO PESO. LOS ARGENTINOS MERECEN SABER EN QUÉ SE GASTA SU DINERO.

VLLC!

[Brian Feroldi @BrianFeroldi]

Every successful person I know uses their free time to get ahead.

That's their "secret."

[David Domenech @ddomenechs]

Te lo explico..
Menos regulación y trabas que ayuden a atraer capital que invierta en nuevos proyectos, una economía dinámica que reduzca la tasa de desempleo, que los diferentes negocios compitan por la mano de obra lo que mejorara el poder de negociación de esta

[Victor Guerrero @Vhgkasparov]

Yo me pregunto algo: los obreros que votan a la derecha, ¿qué esperan conseguir si gana? ¿Mejores sueldos? ¿Mejores servicios públicos? ¿Mejores condiciones laborales? ¿Mejoras sociales? ¿Qué? Es que no lo entenderé nunca.

[zerohedge @zerohedge]

Our tracker of hyperscaler off balance sheet liabilities shows $3.8 trillion as of Sept 30, up $700BN from June 30.

Adding $250BN in hyperscaler IG debt, the DV01 issued by the AI ecosystem in Q3 was about 25% higher than all Treasury issuance

That's why yields keep rising

[David Domenech @ddomenechs]

@Mr_Jones_k @JesusCintora el “venga por dios” tratando de callar LA VERDAD

Vergüenza de bufón del gobierno

[David Domenech @ddomenechs]

👀👀

[Cassandra Unchained @michaeljburry]

7.4% through 2049 if anyone wants a piece of data center debt kinda backed by Meta...

[John @market_sleuth]

Crazy but true. If 94% of the stocks in the S&P 500 went to ZERO leaving only the highest market cap stocks (top 6%) the index would still trade at 4400. The last time the S&P was at 4400 was 3 yrs ago in Sept of 2023.

[Ayuso @AyusoValue]

Lately, the stock has traded like pure oil beta, but I think one of the points that the market is overlooking is that Kosmos sells its West African production at a premium to Brent, and that premium is now around $20/bbl... Brent >105$ today btw $KOS

[David Domenech @ddomenechs]

En serio, ¿Kosmos todavía a 3$? $KOS

[matthew sigel, recovering CFA @matthew_sigel]

Bofa upgrades $FIGR to NEUTRAL.

Notable given the competitive dynamics between the two firms - Bofa 3.9% share in home equity originations vs. must faster growing Figure at 2.1% - and analyst Siegenthaler had been a vocal bear.

"Our prior Underperform call was mostly driven by the FIGR stock’s rich valuation in January. Since then, valuation has become less of a concern and the fundamental story has strengthened rather than cracked."

[David Domenech @ddomenechs]

@HispanoWrestler @Kelly8numberz @haralabob wanting them to go back.

Easy to understand, even for a moron like you.

[David Domenech @ddomenechs]

@albertcastellon No tenían representación en el parlamento británico, eso y “la pasta” al 50%

[Alexsei @Alexsei88]

Markkina-arvot tänään:

Almonty 5.46b USD.
EQ Resources 1.46b USD.

-

Seuraavan 12 kuukauden tuotannot:

Almonty ~50,000-200,000mtu
EQ Resources ~300,000-400,000mtu

Pian suurin tuottaja on myös markkina-arvoltaan suurin.

-Vielä tänä vuonna.

#Tungsten $EQR.AX $ALM

[expansioncom @expansioncom]

El silencio de Jon y el fin de la sociedad civil https://t.co/oHr1l2HlFE

[David Domenech @ddomenechs]

@eris_28 @next_gen7 Todo esto que menciona usted se pagaba cuando no hacia falta trabajar 231 días para el estado, el esfuerzo fiscal es asfixiante, invalidar el argumento por escapar de esto es de lo más ridículo

[Ayuso @AyusoValue]

She wasn't joking at all. $NMM

[David Domenech @ddomenechs]

🐐

[Gabriel Castro, CFA @gabcasla]

Kinépolis $KIN, a movie theatre group, reported its best 1H results ever, with a 68% increase in EBITDAL and a 280% rise in EPS, even after accounting for forex headwinds. Those results beat consensus by a wide margin. This might not seem surprising, as many people went to the cinema to watch films like Spider-Man or The Odyssey. However, you may be surprised to learn that these movies are in Q3 earnings, while Kinépolis is currently reporting for 1H. With upcoming releases like Avengers, Dune, and other major titles in the second half — a seasonally stronger period due to summer, Thanksgiving, and Christmas holidays — I anticipate the company will again post blowout results in the upcoming semester.

We’ve been buying Kinépolis shares since late 2025 and continued doing so early this year, reaching about 1.5% of the company. The narrative that streaming would kill the cinema industry was very strong, driving the company's decline. It was trading at COVID lows despite its impressive track record and arguably the best margins in the industry, thanks to strict cost control by the controlling family, which holds a 50% stake. They are continuously optimizing the break-even point, reducing it each year in proportion to a hypothetical 5% decrease in visitors since 2008. Notably, Kinépolis acquired 44 cinemas in Canada in 2018, which generated 15 million EBITDAL; last year, with 72% of visitors, they achieved 37 million EBITDAL. This strategy drove the company's earnings to all-time highs in 2023, despite a 20% drop in visitors.

I really liked the investment thesis, as the stock was very depressed because the market believed this business was finished due to streaming. I saw things differently. From 2014 to 2019, streaming platform usage surged significantly —Netflix's stock increased over 400%—yet Kinépolis' stock also rose 200%, indicating the cinema business remained highly profitable. When the market thought streaming was disrupting this sector, we examined studio behavior, as they are the content suppliers. The major studios—Disney, Warner Bros, Universal, Sony, and Paramount—shifted focus to streaming around 2020. By then, investors favored streaming users above all else, with Warner Bros announcing in 2021 that all its movies would debut simultaneously in theaters and on streaming. However, 2022 brought reality checks. As interest rates rose, the market shifted its focus from users to profitability. It became clear that producing films with $200 million budgets was unprofitable if reliance was solely on streaming. Consequently, the big five resumed the traditional model—prioritizing theatrical releases to generate revenue before streaming, allowing an extended exclusive theatrical window, reminiscent of the VHS/DVD era. Additionally, companies like Amazon, Apple, and even Netflix have recently adopted this approach. Notably, studios are now expanding the theatrical window again, signaling a major strategic shift for Hollywood.

While the market focused on streaming, I believed the real issue was the quality and quantity of movies released in theaters. Before COVID, around 95 films were released each year globally, excluding regional films, whereas last year, only 65 were released. This is significant because fewer films mean lower chances of blockbuster hits. As mentioned earlier, Hollywood studios had decided to return to theaters by 2022/2023, but producing a film takes approximately 2.5 to 3 years, and there was also a Hollywood strike during that time. However, the 2026 lineup looked very different, with 80/85 releases like Michael Jackson, Toy Story 5, Super Mario, and Project Hail Mary, along with well-expected blockbusters like Spider-Man, Avengers, and Dune.

2026 indicates that cinemas are resurging because of content, not as a one-time event but as a fundamental shift. The industry has primarily been dealing with a content supply shortage rather than a lack of demand. While streaming is popular for passing time, those seeking a true cinematic experience prefer the theater.

I’m long Kinépolis, so do your own due diligence.

[David Domenech @ddomenechs]

https://t.co/4w7UcobgOe

[David Domenech @ddomenechs]

Recortaron el dividendo de julio 2026, mientras que entre abril y mayo recompraron el 10% de la compañía... ¿take private a la vista?