Category: Research
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Value Hive: 3 Big Things with Matt Sweeney
Good morning and Happy Wednesday! This week I’m trying a new content format called “3 Big Things,” or “3BT”. 3 Big Things distills all my podcast episodes into bite-sized mini-essays. Each piece features the following: One Conversation (Stocks, Psychology, Markets) One Framework (Mental Model, Analytical, Behavioral) One Idea (Long or Short) We’ve got 130+ episodes to break…
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What Do We Want? Capitulation… [DIRTY DOZEN]
“Replicating the post-1990 Chinese experience in those countries would amount to a 15-fold increase of steel output, a more than 10-fold boost for cement production, a more than doubling of ammonia synthesis, and a more than 30-fold increase of plastic syntheses.” ~ Vaclav Smil “How The World Really Works” via this book review by Tom…
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Rent-A-Center (RCII): A Cheap LTO Retailer w/ 30% IRR Potential
Rent-A-Center (RCII) is a Lease-To-Own (LTO) operator with ~1,900 locations between the US, Mexico, and Puerto Rico. They also own Acima, a leading virtual LTO operator.As the name suggests, RCII leases items like furniture, appliances, electronics, computers, smartphones, and more to customers with plans starting as low as $10.The stock’s down over 40% YTD on…
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Smart Money vs Dumb Money Explained
Smart Money and Dumb Money are two terms you often hear in the investing lexicon. Let’s break down what they mean, the indicators and tools you can use to track them, and how to turn this information into more profits in the stock market. Smart Money Vs Dumb Money Explained Smart Money investors are typically…
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Quality of Earnings: A Book Review
Quality of earnings matters. As such, it’s critical to know what makes certain earnings “high” quality and others poor. There’s arguably no better book on this topic than Thornton L. O’Glove’s Quality of Earnings book.Penned in 1987, O’Glove offers evergreen principles on earnings quality through a combination of accounting, business analysis, and common sense. I’ll examine the…
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The Storm Before The Calm… [DIRTY DOZEN]
“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street…
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MIPS AB (MIPS): Supplying The Ingredients For Safer Helmets
My wife’s brother almost died last October because he wasn’t wearing a helmet. He suffered severe brain bleeding and eye nerve damage. For months the only thing he could do was lie in bed alone. No sounds or external stimuli. He couldn’t read a book or listen to music. Just watching him made me depressed. The sad part was…
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Using MO’s Heads Up Display (HUD) To Bag A 6R Profit
Steve here. You wouldn’t wear a coat in the dead of summer, would you? The same goes for trading. Why would you go long in a market dominated by a bearish trend? Our Heads Up Display (or HUD) has several tools that allow operators to examine the market from a regime-based perspective. Our tools use Van Tharp’s time-tested…
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Westlake Chemical Partners (WLKP): Stable Cashflows For A Decent Price
Westlake Chemical Partners LP Westlake Chemical Partners LP (WLKP) acquires, develops, and operates ethylene production facilities and related pipelines for its parent company, Westlake (WLK). Ethylene is a key ingredient, helping create various finished goods we take for granted. The plastic wrapping on grocery store chicken breasts? Ethylene. Those chemicals that you use to clean…
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The Bears Are Coming Out Of Hibernation… [DIRTY DOZEN]
“Comm. Corp. taught me to see the signal, like the signal, follow the signal. If you follow your system /methodology then over time your edge will kick in and you’ll end up ahead.” ~ Micheal MarcusGood morning! In this week’s Dirty Dozen [CHART PACK] we look at the narrative pendulum swinging closer and closer to a…