Barry Schwartz
@BarrySchwartzBW
President & CIO at Baskin Wealth Management. Baskin Wealth or I may own stock mentioned in tweets. None of this is advice - do your own work!
Couche-Tard management meeting notes $ATD.TO - US same store sales growth turned positive at the end of Q4 and modest momentum has been seen so far in Q1 - meal deals are leading to green shoots for SSS growth - using AI to drive sales and optimize costs - M&A focused on US,…
Is the economy inflecting higher? Nice reports from $URI and now $MGRC
If you could take one minute and subscribe to our podcast, it would be much appreciated! youtube.com/@longterminves…
Are we going to use more AI in the future or less?
The S&P 500 has never been more concentrated in a single stock than it is today with Nvidia representing close to 8% of the index.
“cloud AI semi revenue contribution to TSMC will increase from 14% in 2024 to 34% by 2027”. Morgan Stanley on $TSM
Growth is good but your multiple already expects it. Acceleration of growth is worth significant multiple expansion. Find those!
Potential for major liftoff for Netflix free cash per share this year and going forward. I see 20% CAGR in fcf per share 2024-2027
I don't care if a client beats me up over a bad stock pick, but I never want to tell a client, sorry we can't sell because there is no liquidity on the product you own. Baskin Wealth clients own 0% weight in alts for that reason.
Over time the compounding of its EPS and FCF/Share will be rewarded by the market. $MSCI
It’s not everyday you see $MSCI trading for a 4% FCF Yield & a 29x P/E 🌐 Peaking at $679 in 2021 with a 63x P/E, its multiple has since halved, while EPS grew at a 16.9% CAGR At 29x today, multiple compression is less likely to be a drag future returns 💵
Alphabet is AI $GOOG
Google AI stack, insanely competitive at every layers.
Google could earn $12+ a share in 2027 and still have a bullet proof balance sheet. Growing faster than many compounders that trade at 25x+. $300 a share in two years? $GOOG
FirstService with impressive margin expansion given tough macro. $FSV
Going to Google why Google's stock isn't up 5% on those results. $GOOG
Ferrari all time high, near 10x since going public in 2015. $RACE
We talk Copart, Couche, Taiwan Semi
This week on the Long Term Investing Podcast we talk about Couche-Tard and its dropped bit for 7/11 plus we chat $TSM $ATD.TO @ErnestWongBWM YouTube: youtu.be/GyGbRXpHWEQ?si… Spotify: open.spotify.com/episode/0XOMeC… Apple: podcasts.apple.com/ca/podcast/bye…