Liberty SiriusXM, arbitrage or not?
Description Shortly, SiriusXM is the leading audio entertainment company in North America, a combination of subscription service SiriusXM, ad-supported music streaming service Pandora, expansive podcast network and a suite of business and advertising solutions. SiriusXM generates high level of free cash flow from its recurring revenue. As of December 31, 2023, SiriusXM Holdings had a […]
Research: Build-A-Bear-Workshop
Boring Business, increased brand awareness Description Build-A-Bear Workshop opened its first store in 1997 and since then the business has grown to reach approx. 359 corporate stores, 92 partner-operated stores, 74 franchised stores plus e-commerce. In around 500 (brick-and-mortar) interactive locations internationally, BBW sells customizable teddy bears and stuffed animals for kids and adults under […]
Unjustified valuations in tech, with many small/mid-caps lagging
To start this writeup, we would like to mention that only seven companies in the S&P500 index account for 25% of total valuation, but on the other hand, only 7% of its earnings. These companies are Apple, Microsoft, Google, Amazon, Nvidia, Tesla and Meta, in case you’re wondering. In an extreme example, Nvidia alone has […]
