Carlos M @Carlos_Moram_

⛵️It has been more than 3 years since we started Moram During this time, we have published: 🧐46 investment theses ✅>20 macro articles 🎯Multitude of analysis of quarterly results and events 💎We have evolved from being a one-person project to a team & have been working hand in…

⛵️Another all-time highs week (12th weekly advance in the last 13 weeks)   • Intense 4Q23 earning reporting week including $TSLA $ASML $NFLX $AAL $VLO  and others from our coverage universe we delve in detail $SLG $MPX $HZO (This one was even worse than what we advanced)   •…

⛵️Earning season begins for boat manufacturers! • $MPX reports very weak numbers with a 35% YoY sales decline (post Covid adjustment) • Near-term forecast affected by dealer destocking and very weak demand Personally, I like MPX quite a bit within the industry for its ability…

🏡Glad to finally share our Guide to the US REIT industry   • Explanation on the economics of each segment (Residential, Retail, Hotels,…) • How to value a REIT & the outlook for 2024 (segment level)   💎 Spreadsheet with data of the 190 companies listed in the 🇺🇸 (Market…

⛵️To celebrate the new all-time highs of what is likely our most well-known discovery, we have removed the paywall from the $TISG.MI thesis :) 💎Additionally, you also have another post available with the detailed step-by-step valuation and the breakdown of the net backlog for…

🟢New historical highs for the S&P 500 & Nasdaq100   Having a look at liquidity trends: • Significant increase since October 23 (+17% for $SPX & +22% $NDX )   • Trend expected to persist as Repo draining occurs at a rapid pace (tentatively concluding in March)   🎯It doesn't…

🎯Full House Resorts $FLL ,an interesting small cap in the US Casino & Resorts industry   • Inaugurated its two* flagship properties in ‘23 and is set to triple its ‘22 EBITDA in 2024 • Led by an experienced CEO, who gain its position after a shareholder coup in 2014, and has…

🥳 Gimi arrived this week in the Great Tortue Area (Mauritania & Senegal) and formally notified $BP of its arrival   • $GLNG receives a standby day rate until commissioning starts, which is dependent on BP completing all necessary preparatory activities (they are behind schedule…

⛵️ The Week in the Markets 8-12th Jan • Positive week for the majority of the indexes, led by mega caps (proof of it, $NDX rose +3%). $NVDA - in a key week for the semiconductor industry due to Taiwanese elections - rose +10%, with $AMZN, $META, $GOOGL, $AVGO .. going up more…

⛵️Outlook for 2024 and Our Portfolio Positioning   • We delve into various asset classes (Equities, Bonds, PE, Crypto, RE,…) and analyze their current situations and prospects for the upcoming months   • Additionally, we also examine liquidity trends and what we expect for…

⛵️The Week in the Markets 2nd-5th Jan   • Rough start to the year for the main indexes, with Small Caps & Nasdaq100 leading the losses where the market re-evaluated the expectations for interest rate cuts which we finished 2023   • Strong dollar, as well as commodities, due to…

🥳To bid farewell to 2023, the year in which our project has taken a tremendous leap and become a reality, we want to give you a gift! 🎯We have brought in one of the best Shipping analysts in the world, @ClimentMolins the Head of Shipping at @Shipping_VIE - to explain us the…

🍔Looking back, probably one of our best articles of the year🇺🇸 Moreover, the selected companies have appreciated between 45 and 80% in just 2 months • One Group Hospitality $STKS has opened 4 STK restaurants in the last 60 days (+25% capacity) • Red Robin $RRGB continues…

Carlos M @Carlos_MoraM

7 months ago

🍔Looking back, probably one of our best articles of the year🇺🇸 Moreover, the selected companies have appreciated between 45 and 80% in just 2 months • One Group Hospitality $STKS has opened 4 STK restaurants in the last 60 days (+25% capacity) • Red Robin $RRGB continues…

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⛵️Educational: How to perform a DCF valuation   • Step-by-step process of building DCF models applied to The Italian Sea Group and Sanlorenzo, two companies we are very familiar with and whose free theses you can find on our website 💎   • Recent publication of the estimation…

⛵️ The Week in the Markets: Dec 18th-24th   • The S&P 500 marks its eighth consecutive week of gains (including a slight scare from Daily Expiration Options (ODTE))   • Small caps continue to outperform, while the FTSE 100 had a strong week due to a weak Sterling (CPI data)…

🇮🇹Analysis of Emma Villas $EAV.MI ,an unknown Italian small cap that is the latest European IPO in the luxury holidays market🏡   • Exclusive management of >550 Villas in Italy (very fragmented market). • Recently launched a new division for international expansion (160…

⛵️ The Italian Sea Group $TISG.MI escalated 3 positions to become the 5th largest yacht builder in the world (the 3rd in superyachts >50m) by total length of construction (You have all the details of the entire backlog $$/yacht on our website) Sanlorenzo $SL.MI - of which we…

⛵️The Week in the Markets 11th-17th Dec • The FED guides the markets and confirms the anticipated Pivot from its last statement • Good performance of all indexes & countries tracked with the exception of 🇪🇸Ibex35 due to the high weight of banks • Small caps overperforming…

#KIST announced earlier today the redemption of all its 2 outstanding Dutch bonds (€150MM, of which €76.83MM is AO). • Redemption price equal to 102.5% of the nominal amount (€78.75MM) • Reduction in annual interest cost by around €7MM • Elimination of the covenant…

Carlos M @Carlos_MoraM

5 months ago

#KIST announced earlier today the redemption of all its 2 outstanding Dutch bonds (€150MM, of which €76.83MM is AO). • Redemption price equal to 102.5% of the nominal amount (€78.75MM) • Reduction in annual interest cost by around €7MM • Elimination of the covenant…

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🎯Kistos Holdings Analysis - #KIST 🧐What is going on with one of the most promising companies of 2022?   • In-depth analysis of each of its assets • Explanation about how taxes work in its three jurisdictions • Capital structure in detail & Corporate • Detailed valuation…