Special Briefing from Porter: Hershey Update
Hershey is a powerful real-life example of my signature capital efficient investing approach. And it's now approaching an attractive valuation for the first time in years.
Topic
capital efficiency
A collection of 15 issues
Elon’s Original Money Machine Reboots
Today, we introduce a leading digital payments company, with a dominant competitive position and world-class capital efficiency. Recent operational stumbles have created a near record discount in its share price, but we make the case for a rebound and 20% compounded returns from here.
Selling In May Is A Huge Mistake
Every spring I hear the talking heads in the financial media utter the same phrase... Sell in May and go away! What they’re referring to is an old adage telling investors to sell their stocks ahead of the summer and reinvest in the fall. And it's some of the worst advice ever.
A Lender Built to Return 750% on Invested Capital
The U.S. housing market faces the prospect of a decade-long supply crunch. Today, we’ll introduce our next play on America's housing shortage, and one of the most capital efficient business models we've come across.
A Dirty Energy “Fortress” With A 25% FCF Yield
Trillions spent on “renewable” energy sources like wind and solar have failed to make a dent on fossil fuel consumption. And the lack of investment in fossil fuels is creating energy shortages around the world… unleashing a cash flow windfall for one of the world's most hated commodity producers.
This Internet Infrastructure Giant Is Flashing A “Buy” Signal
Last year’s sell-off in technology stocks crushed the shares of internet-infrastructure giant Amazon. But a recent momentum shift in the share price signals big gains may lie ahead.
A “Gold Digger” That Gets Paid to Do Nothing
Unless central banks and policymakers are willing to deal with a major credit crash, all roads lead back to lower interest rates and more money printing. That’s why we believe now is the time to safeguard your wealth from the demise of fiat currencies with the two ultimate stores of value.
The Magic of OPM: Other People’s Money
In 2007, Porter recommended NVR, the pioneer of the "land-lite" homebuilding business model. Investors who followed Porter’s advice posted total returns of 1100%+. Today, we introduce a company that is taking a page out of the NVR playbook and is in the early innings of rapid expansion.
The “Paint-By-Numbers” 15% Compounder
When a company has a dominant brand with pricing power, robust profit margins, and high capital efficiency, the returns can be enormous. Today, we’ll introduce a company that checks all these boxes and has used every downturn to acquire weaker competitors and take market share.
The Market’s Free Ride
The type of situation we'll introduce today doesn't come around often, but when these opportunities arise... they can make you fortunes, even during bear markets. It is the ultimate safe play for a high-risk market.