DaveAhern42

Savings vs Investing by @BrianFeroldi

Two companies most investors have never heard of that every chipmaker on earth depends on: Lam Research — Etch & Deposition Leader Operating Margin: ~32% KLA Corporation — Process Control Monopoly Operating Margin: ~39% $LRCX $KLAC

How to Analyze Operating Margins:

Lam Research generated $18.4 billion in semiconductor equipment revenue in fiscal 2025 — that's more than $50 million every single day. Nearly 30 cents of every revenue dollar flowed straight to the bottom line. $LRCX

KLA Corporation controls ~75% of the semiconductor process control market. Chipmakers cannot skip the inspection step. $KLAC

Why not investing is risky.

Warren Buffett on pricing power: "The single most important decision in evaluating a business is pricing power." $KLAC

EV/Sales Ratio:

@Invesquotes Always great insights Leandro. Lots of nuance going on here.

Just published this on Adobe $ADBE Plenty of free content in it. I go over... - The quarter and what might have worried the market - Shantanu's succession - The bull and bear cases Enjoy!

$BAM FY2024: 💼 Management Fees: $3.38B (78%) 🎯 Carried Interest: $257M (6%) 🏦 Oaktree Equity Income: $339M (8%) 💰 Net Income: $2.11B (49% margin). $539B in Fee-Bearing Capital. $11.5B in unrealized carry.

How to Analyze EBITDA Margins:

Enterprise Value to Sales (EV/S):

EBITDA explained by Nicholas Boucher

VICI Properties has a ~5% dividend yield, triple-net leases, and CPI-linked rent bumps. It's essentially a bond that owns casinos. Value play or value trap? $VICI

Price to Operating Cash Flow:

Peter Lynch basics. Visual summary by @MnkeDaniel

VICI Properties $VICI Owns Caesars Palace. MGM Grand. The Venetian. 100% rent collection since IPO. Triple-net leases. CPI-linked rent bumps. A landlord with a moat made of neon. $VICI

Efficiency Ratio:

$VICI Properties collected $3.85B in revenue in 2024, and kept $2.68B as net income. That's a 70% net margin. From a real estate company. With 93 properties it has never once visited to collect rent. Here's how the money flows. 👇

Brookfield Asset Management $BAM Fee-Bearing Capital: $602B Fee-Related Earnings Margin: ~55% Target: $1T in AUM by 2028 The alternative manager most people haven't heard of. $BAM