Marcel LH

Swiss Based Quality Value Investor

[Marcel LH @mlh_ch]

Adobe remains a compelling high-quality compounder with AI fueling real (if gradual) growth and margin gains in a durable subscription model, massive ongoing buybacks yielding 8-9% to shareholders, and elite ROIC, but the market is overly pessimistic on competitive threats and underappreciating the resilient execution and cash generation that position it for recovery and outperformance.

[Ronnie Stoeferle @RonStoeferle]

If the Dollar Loses Reserve Status, Could Gold Surpass $39k? -Eric Fine https://t.co/OzZP2hGNfP

[Marcel LH @mlh_ch]

How to read LTC ratios (simple):

• LTC/BTC, LTC/ETH, LTC/XMR, LTC/ZEC = price of 1 LTC measured in other coins
• Example: LTC/BTC ≈ 0.00090 → 1 LTC = 0.00090 BTC

📈 “Turning in favor of LTC” means:
Ratios go UP → Litecoin gets stronger vs BTC, ETH, XMR, ZEC
➡️ This usually pushes LTC/USD higher

🔁 If ratios revisit past highs (rough math):
• LTC/BTC ATH → ~$4,300+ (extreme, early-cycle outlier)
• LTC/ETH ATH → ~$415
• LTC/XMR peak → ~$2,500
• LTC/ZEC peak → ~$2,300 @LTCFoundation @DMinimilian

[Luxxfolio Holdings @LuxxfolioH]

$LUXX chart since we announced our Litecoin strategy on March 31, 2025.

[Marcel LH @mlh_ch]

Silver @Nostre_damus

[Marcel LH @mlh_ch]

Happy holidays 🇨🇭

[Marcel LH @mlh_ch]

Silver just printed the highest daily close in human history.

[Marcel LH @mlh_ch]

@LeoNelissen After 2008’s net short extreme, WTI bottomed and rocketed higher on forced covering. Today’s setup screams “oversold”—history suggests a bounce is likely. Elliott Waves sees WTI at 85 in 2026.

[Marcel LH @mlh_ch]

@joshyoung I go for Silver $170 and Oil $250

[Marcel LH @mlh_ch]

In 1850, Switzerland 🇨🇭 introduced the franc, defined by silver (later tied to gold through the Latin Monetary Union). Back then, about 5 francs = 1 USD.

Today: 1 CHF ≈ 0.80 USD.

If the old gold definition still applied today, 1 CHF ≈ $35.50 USD.

What changed? Switzerland left metal backing step by step: bimetallism in the 19th century, devaluation in 1936, and the end of the 40% gold reserve rule in 2000. The US dollar also left gold in 1971.

[Marcel LH @mlh_ch]

@AlanJCurtis2 @grok how long will it take that most will understand this important fact, name months? 😆

[Marcel LH @mlh_ch]

@OHWallStreet @grok what is the annual CAGR of this?

[Marcel LH @mlh_ch]

@LeoNelissen 1 + 2 = clear; what is the long term thesis in one word on FIX?

[Bourbon Insider Research @BourbonInsider]

In over a decade, $ADBE's NTM FCF yield has only exceeded 6% twice. The first time was in late 2022, when the stock dropped to $280, followed by a rebound to over $600 within two years.

Now, Adobe is showing the same pattern again, suggesting strong potential for outsized returns if market sentiment or forward guidance improves.

[Marcel LH @mlh_ch]

@TheOwnersFund Agree. YTD in %?

[Marcel LH @mlh_ch]

Hey @ChrisWMayer, are you still involved with Evolution Gaming AB? 👀 Noticed CEO Martin Carlesund and other insiders buying shares recently. I’d really value your perspective! 🧐😎

[Eugene Ng @EugeneNg]

Shift in search share away from Google to ChatGPT.

Chart shared by @RihardJarc.

[Marcel LH @mlh_ch]

At $10 natural gas, this royalty trust could yield $3.60–$4.34/share annually.
30 Bcf prod = $300M gross → $191M net → $0.34/month div.
Solid inflation hedge & cash cow.
Never believe conventional wisdom.
#Energy #Dividends #NaturalGas #PassiveIncome

[HF Best Ideas @StockCompil]

Horizon Kinetics on San Juan Basin Royalty Trust $SJT US

Thesis: San Juan Basin Royalty Trust is undervalued due to its current lack of distributions, but potential significant production growth and favorable market conditions could lead to lucrative returns for patient investors.

(Extract from their Q1'25 letter)

[Marcel LH @mlh_ch]

Worth listening: Sir Chris Hohn | Podcast | In Good Company | Norges Bank Investment Mana... https://t.co/2x0NNQd7dP via @YouTube

[Marcel LH @mlh_ch]

Amazing me too. I see the same opportunity for Switzerland 🇨🇭

[Bill Ackman @BillAckman]

I have been a fan of this idea for years. It is great to see it finally happening.

https://t.co/kdSZkrch8X