FP&A Investor

Nueva entrada en mi blog de Factset $FDS. Una breve introducción a la compañía, su entorno actual y qué puede estar perdiéndose el mercado. Enlace en mi bio

Hi @BillAckman, I had a question regarding your PSUS IPO. As a closed-end fund, would I be able to trade it outside the US? I am from Spain. If not, will PSH serve as proxy to the new fund? Thank You

@nicochristie Are you planning in the short term to support MCP connectors to work with data from Factset, Capital IQ etc..?

Shortcut was just ranked the top Excel AI Agent by Wall Street Prep (over Claude, Copilot, etc.) Not surprised ofc. Shortcut was tested in direct comparison against top analysts, but Shortcut is really meant to be used as a tool. That's where we really outshine others.

@VanguardEconomy He publicado una una pequeña reflexión sobre el tema por si te interesa. open.substack.com/pub/fpainvesto…

El lunes os publicaré en YT un análisis profundo sobre la caída de los proveedores de datos financieros por este SaaSmagedon impulsado por el (racional) miedo ante el riesgo de disrupción por la IA, pero creo que la mayoría no está haciendo los deberes de valuar y cuantificar ese riesgo correctamente. Sin embargo considero que muchos no están valuando bien el riesgo de algunas de estas empresas. El análisis estará enfocado a $FDS FactSet pero es aplicable a varios de sus pares. Es bueno entender a que riesgos nos enfrentamos para poder valuar correctamente el ratio riesgo-recompensa que en mi opinión es más atractivo de lo que el mercado está valorando.

Nueva entrada en mi blog de Factset $FDS. Una breve introducción a la compañía, su entorno actual y qué puede estar perdiéndose el mercado. Enlace en mi bio

Thomson Reuters lleva la delantera en IA legal, de hecho, parte de la caída antes del lanzamiento de Anthropic era el castigo del mercado por tener un despliegue de IA en sus productos. Dicho esto, mi duda es: podrá mantener el mismo perfil de ingresos, pricing etc, teniendo que cambiar por completo el modelo de negocio? Ahí está el riesgo

@Nabulio91 Los clientes de $WKL veo altamente improbable que dejen de serlo si $WKL hace las cosas bien y por lo que estoy viendo lo están haciendo bien y muestra de ello es la evolución de ventas. Siguen creciendo.

He abierto posicion en Wolters Kluwer $WKL a 63,52 €. Creo que es una de las mayores oportunidades de compra que ofrece el mercado con una compañía de gran calidad. En mi opinión la IA no la va a destruir sino que la va a mejorar

De acuerdo parcialmente. Todas estas compañías necesitas cambiar su modelo de negocio de la noche a la mañana. KPMG ya le ha dicho a su auditor (irónico) que no le va a pagar unas fees tan altas por algo hecho en su mayoría por IA. Si WKL y similares consiguen reorientar su modelo de negocio a uno “outcome-based” en lugar de “seat-based”, esta valoración es ridículamente baja. Soy optimista con $WKL, $RELX, $BR, $FDS y del estilo

¿En qué se parecen Wolters Kluwer $WKL y Kylian Mbappé⚽️? Pues eso, ambos se desploman en el área sin ningún sentido y el árbitro pita penalti. Como en toda circunstancia del mercado hay dos puntos de vista: yo tengo una visión del software como beneficiado por la Inteligencia Artificial y creo que esto es un penalti para Wolters Kluwer.

Sé que hoy en día conseguir apoyo en Twitter es complicado y que el ruido lo invade casi todo. Aun así, se agradece mucho que, si a alguien le encaja, se compartan las miles de horas que hay detrás de este Sstack. La idea es sencilla: acercarse a la inversión de una forma sana. Invertir en calidad, pensar a largo plazo, tener paciencia y centrarse en empresas excelentes. Sin atajos ni promesas. No solo compartir decisiones, sino también los motivos detrás de cada una. Mostrarlo todo. Algo que, por desgracia, no es nada habitual en este mundo. Además, explico cómo gestiono mi propia cartera, que por suerte ha conseguido doblar mi patrimonio en algo más de cinco años. Con aciertos, con errores y sin esconder ninguno. Un retweet y un like ayudarían mucho 🙏 Y además, qué mejor regalo… mañana soplo 41 velas 🎂🎉 El enlace está en mi perfil de Twitter, por si a alguien le puede aportar algo.

@George_Dubs_ I am not saying the opposite, but the company has not been specially good at launching products in a smooth way. For me, the odds right now are against them in it will take longer that I expected to succeed. And I really hope so, but not with me as a shareholder

@Nabulio91 yes branded needs to improve (already has in Q1 per Jamie) they just need more merchants on improved checkout which will take some time + PayPWorld rollout will get the job done. this + ads and stock will do great

This week after disastrous earnings release by Paypal $PYPL, I decided to sold off the entire position at a -35% loss. Investment thesis broken and a lot of uncertainties around the future with new management. Part of the proceeds were allocated to Factset $FDS at very attractive prices, lowering my average price to 270$/share

With only 1% Branded checkout growth, TM$ shrinking and EPS flat in 2026 despite a 10% buyback yield is disastrous yeah. Alex Chriss has not been able to turnaround the legacy technology stack, and bring someone in from the very same Board of Directors unable as well to turnaround things is not a good sign for me. This equity story has transformed from turnaround to M&A exit IMO. I prefer to invest somewhere else

@Nabulio91 4% revenue growth, 5% Op Inc Growth, $2B FCF is disastrous? Guidiance is a meaningless sand bag until new CEO starts. Give him a chance, you might like what he has to say.

@VanguardEconomy @The_Pro_Invest Dos palabras: Propietary Data

@The_Pro_Invest It's because of Claude's new release.

That's quite a negative reaction for declaring a dividend FactSet $FDS 😂 Nice try, AI ! Think again and this time use real data from a provider, like FDS or SPGI or something...

@AndreasSteno Market thinks all of the SaaS sector is completely useless with AI, but AI is as good as the data they look into, and some data is both critical and propietary (Factset or Relx for example) for workflows. Could be winners medium term

Massive outperformance in hardware versus software continues (Crypto very correlated to the software trade) I am big time in this hardware trade, but what is THE best argument in favour of a comeback for the software trade? Discuss

The rotation out of software stocks is astonishing. Wolters Kluwer $WKL and RELX $REL down -50% without any disruption in the business (yet). I do not think that these companies are unable to evolve their business models to adapt to the new AI reality. Thoughts?

Interesting how AI narrative is crushing some “quality” companies such as Factset $FDS, Wolters Kluwer $WKL, RELX $REL or Thomson Reuters $TRI Market is punishing them indiscriminately. Not all of them will be affected the same way. Investment opportunities arising Thoughts?

Nice to see that in FY LVMH results, one of the two segments that had positive organic growth was Watches & Jewelry. Positive catalyst for Watches of Switzerland $WOSG, I think the trading update will bring very good news LONG $WOSG

This is a must read for anyone interested in the company. $PYPL

$PYPL open.substack.com/pub/wc01/p/pay… Happy Saturday night people Attached is a link to my article on PayPal I have been working on all day Completely free Enjoy

Yesterday, Watches of Switzerland $WOSG announced the acquisition of Deutsch & Deutsch, a luxury retailer of watches and jewelry with four showrooms in several cities of Texas. A Berkshire Hathaway acquisition style (family owned business and leaving a small stake to former owners who will continue to run the business), it is a very attractive opportunity for the company to continue growing in the US: - With 67 million USD in revenues and already margin accretive for the company, it will help to meet guidance of 6-10% revenue growth for the fiscal year, even in the high end if trading remains the same as in the Half Year update, as this acquisition represents 3% of total revenues of Watches of Switzerland. - Low capital intensity as two of the four showrooms have already been refurbished, leaving capex requirements at reasonable levels. - D&D is Rolex official distributor in all of the four showrooms, helping WOSG to cement its leadership and network in the country, far from crowded cities and expanding barriers of entry. It will also help to the CPO business, gaining more scale. Net net, very good move by WOSG rewarded by the market