Kip Johann-Berkel
@BerkelKip
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Small cap investor. Enjoy flipping rocks.
San Mateo, CA
Joined February 2021
Also, most core bank software in the US is written in COBAL and runs on mainframes. .
Fun fact: Epic, the world's largest EMR (competitor to $TBRG et al.) runs on MUMPS from 1966. Pre-dates relational databases, moon landing, etc. "Legacy" software is sticky. Now they can just put an LLM on top of that tech. $CSU.TO / $TOI.V have many years to go IMO.
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Why, when a Japanese company reports earnings, are there like 8 separate releases to go through 🤣
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Thought this was a great article from Joe Raymond @joekraymond - well worth a read and follow!.
joekraymond.com
The best investment I've ever made
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Only on the pink sheets do you find an HVAC manufacturer. that also speculates in commodities! Mestek $MCCK . TBF, they've generated a profit of $128M since 2021 on these trades (~33% of current market cap) including $62M YTD25 (I believe they invest in gold futures)
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Japan Fintwit - is there a way for foreigners to donate their shareholder benefits to local Japanese citizens? I’d be interested in doing that!.
@vanckzhu Given the wide net of my japanese basket, I think I'm missing out on like $10k usd worth of shareholder benefits every year if not more.
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I wish Portillo's $PTLO would target contiguous expansion instead of jumping around. Surely the brand strength and culture (not to mention food - Chicago dogs and Italian beef sandwiches!) would be easier to maintain expanding into Wisconsin & Indiana than Arizona & Florida?
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1) auto dealers like $LAD $AN $PAG make more money on parts & service than selling cars. 2) Tesla $TSLA makes almost all their profits from regulatory credits vs. selling cars.
I think a fun running series would be something like: What's that business's actual "business"?. EG: Airlines don't make money by flying ppl around. The profits come from credit cards. What are other industries whose profit center would surprise most people?.
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Whenever a management team mentions “liquidity” as a reason for not doing a buyback I always forward them this paper that basically shows low liquidity = higher returns (controls for market cap):
It is unbelievable how many microcap CEOs and CFOs worry more about "liquidity" in their stock than intrinsic value per share, only because they listen to their bs brokers and IBs who need turnover to make money. .
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$CMG.TO - glad to see the dividend cut to 1c/qtr. I’m assuming the contract non-renewal talked about this qtr was Shell which was disclosed last quarter? If anyone thinks it’s a different customer please let me know.
$CMG.TO I would have loved to have heard a bit more about why Shell terminated the CoFlow Agreement one year early. Could just be CMG's shift to software instead of services. Will be a 5-6% headwind to sales and 2-3% headwind to profits.
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Good write-up by David - one of the best young investors I’ve interacted with (and an all around good guy). Definitely worth a follow and SS subscription!.
Good evening!. Although the bull market over the last few months has definitely made it harder to find cheap ideas—especially compared to the environment in micro-caps this spring or last fall (even 🇬🇧and 🇸🇬micro-caps are now running)—I did come across one of the cheapest names
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What’s happening to cable is similar to what happened to newspapers. Going from a monopoly to a competitive industry.
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What the heck happened the last minute of trading in most of the Swedish serial acquirers today - lots of spikes both up and down? $LICFO $ADDT $LAGR $ROKO $NCAB
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For those interested, Jaguar's rebrand - after an initial spike - doesn't appear to have changed much:
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Admittedly APAC is Burberry's largest region (43.5% of sales) and while I don't have China data, Japan and Hong Kong data still look weak:
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FWIW, Burberry's $BRBY $BRBY.L turnaround/rebrand appears to be going reasonably well according to Google Trends - more below:
Burberry $BRBY $BRBY.L seemingly doing the opposite of Jaguar (another iconic British brand) with their rebrand, going from colo(u)rful/"weird" (left side) to more traditional/embracing the brand's heritage (right side):
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Not my typical investing post, but proud of my half marathon time, especially with the hills of SF!
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I once pitched a stock to Peter Lynch… and he bought it!.
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At the end of the day investing comes down to 1 of 2 buckets:. 1) Assuming things don’t change.2) Assuming things change. 😂😅.
One evolution (or devolution???) I've had as an investor is that I used to get excited about businesses that have obviously high margins. Now I'm intrigued by businesses that have low margins but could have high margins in the future.
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Basic question on Charter $CHTR : how are "Customer Relationships" down 162? +500 mobile - 117 Internet - 80 Video - 220 Voice = +83???. Is it because "customer relationships exclude. mobile-only customer relationships"?
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