CharlesW personal page - To The Moon

CharlesW

CharlesW

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2022-05-08

$Roblox Corporation(RBLX)$ Earnings report soon... May be affect by the post covid where ppl goes back to office and schools

2022-05-10

$Coinbase Global, Inc.(COIN)$ Another bloody nite for Coinbase... But opportunity for those with warchest and steel nerves. [Cool]

2022-12-06

Everyone will be hoarding the shares [Happy]

Apple Is Good, Even Better If Owned Via Berkshire Hathaway

2021-07-24

BioNTech got its formula right for the vaccine.

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2022-02-18

Opportunity for those that want to get SHOP

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2021-08-03

First Alibaba, Now Tencent. Who will be next?

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2021-06-11

Alibaba is better buy?

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2021-07-18

Trying to grow its subscribers

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2021-06-17

QE ending soon

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2021-06-10

Tech going ballistic?

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Go to Tiger App to see more news

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😊","images":[{"img":"https://community-static.tradeup.com/news/872ea6b41151523eb7a09c3ce7af59b2"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/430263452242224","isVote":1,"tweetType":1,"viewCount":1931,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9967867953,"gmtCreate":1670295400672,"gmtModify":1676538339336,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Everyone will be hoarding the shares&nbsp;[Happy]&nbsp;","listText":"Everyone will be hoarding the shares&nbsp;[Happy]&nbsp;","text":"Everyone will be hoarding the shares [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9967867953","repostId":"1125714153","repostType":4,"repost":{"id":"1125714153","kind":"news","pubTimestamp":1670293345,"share":"https://ttm.financial/m/news/1125714153?lang=en_US&edition=fundamental","pubTime":"2022-12-06 10:22","market":"us","language":"en","title":"Apple Is Good, Even Better If Owned Via Berkshire Hathaway","url":"https://stock-news.laohu8.com/highlight/detail?id=1125714153","media":"Seeking Alpha","summary":"SummaryI kept telling my readers buying/adding Apple near or below 20x owners' earnings is a no brai","content":"<html><head></head><body><h3>Summary</h3><ul><li>I kept telling my readers buying/adding Apple near or below 20x owners&#39; earnings is a no brainer (i.e., a ~$145 price under current conditions).</li><li>In this article, I will explain a way to backdoor Apple through Berkshire Hathaway.</li><li>I will explain why owning Apple shares via Berkshire is even more attractive under their current conditions.</li><li>This way, you get to own Apple with an effective “ownership”PE in the range of ~12x to free depending on how you value Berkshires’ operating earnings.</li><li>This idea was discussed in more depth with members of my private investing community, Envision Early Retirement.</li></ul><h3>Q3 recap and investment thesis</h3><p>My last article on <a href=\"https://laohu8.com/S/AAPL\">Apple</a> and Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is co-produced with Sensor Unlimited and published about a month ago in early November. That article argued that share repurchases at both AAPL and BRK are far more potent when considered together than viewed separately. Such “double buybacks” are compounding on steroids in our view.</p><p>In this article, we want to switch the focus entirely. We will argue A) why buying/adding AAPL around its current price (which translates to about 20x owners&#39; earnings) is a no-brainer, and B) why owning AAPL via BRK is an even better idea.</p><p>Both AAPL and BRK have posted strong Q3 earnings. The key results are shown in the two charts below, and I will dive into the highlights as we go. These strong results, when combined with the price corrections during Q3 due to (or thanks to) market volatilities, investors have some great opportunities to buy or add these perpetual compounders at enticing entry valuations.</p><p>For AAPL, its TTM EPS as of Q3 2022 (i.e., its FY Q4) came in at $6.11 per share as you can see from the first chart below. Later, you will see that such accounting EPS underestimates its owners&#39; earnings (“OE”), and its OE is around $7.18, which translates into a share price near ~$145 at a 20x OE multiple. And I kept telling my readers buying/adding stock like AAPL near or below 20x OE is a no-brainer. Stocks like AAPL (or BRK) are quintessential examples of equity bonds as explained in my earlier article because:</p><p>To me, any valuation near or below 20x OE is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 20x OE would provide about 5% owners earnings yield, leading to a total return in the double digits. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10%+ annual return is ~3x of what you can get from bonds in the long term.</p><p>In this article, I will focus on an alternative way to own AAPL, a sort of backdoor, through BRK. And I will explain why owning AAPL this way is even more attractive under current conditions. And this brings me to the financials of BRK, as shown in the second chart in this section.</p><p><img src=\"https://static.tigerbbs.com/f61e045c67f643b98ba432f7f5f77739\" tg-width=\"640\" tg-height=\"585\" width=\"100%\" height=\"auto\"/>BRK reported strong operating results for Q3 also and is on pace for a solid 2022. Operating earnings per share, which excludes capital gains and losses from the investment portfolio, clocked in at $3.00 in Q3, translating into an annual growth rate of almost 20% YOY. This was particularly impressive considering that its insurance segment suffered higher-than-usual operations losses due to hurricane Ida, Ian, and also the floods in Europe. The remainder of this analysis also will involve its balance sheet, which is posted below. And a couple of highlights relevant to the subsequent analyses:</p><ul><li>All my following per-share numbers for BRK (e.g., OE, equity, cash, et al) are quoted per Berkshire Hathaway B share, not A shares. Given that the focus here is on the financial (not voting power), the analysis should be perfectly applicable for A shares.</li><li>Its equivalent Class B shares outstanding is taken to be 2.2B shares according to its most recent 10-K filing. The market value of its equity investment portfolio is taken from dataroma. And as of this writing, the portfolio value is reported to be $296.1B, slightly below the $306B shown in its 10-K below due to market fluctuations since the filing.</li></ul><p>With these parameters, let’s dive in and see how we can own AAPL through BRK at an effective PE of ~12x or below.</p><h3><img src=\"https://static.tigerbbs.com/744119f29d38279a1a7fad8febbe605e\" tg-width=\"640\" tg-height=\"401\" width=\"100%\" height=\"auto\"/>AAPL’s EPS and OE</h3><p>Since we are analyzing AAPL and BRK, it&#39;s only fitting to start with a quote from Warren Buffett on the difference between accounting EPS and owners&#39; earnings (“OE”). The following is taken from Berkshire Hathaway&#39;s 1986 annual report (slightly edited with emphases added by me):</p><p>These represent (“a”) reported earnings plus (“b”) depreciation, depletion, amortization, and certain other non-cash charges...less (“c”) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (“c”) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes...All of this points up the absurdity of the &#39;cash flow&#39; numbers that are often set forth in Wall Street reports. These numbers routinely include (“a”) plus (“b”) - but do not subtract (“c”).</p><p>The key is to estimate item c, and my analysis of item c for AAPL is shown in the table below. This table is based off Bruce Greenwald’s method (detailed in his book Value Investing) to separate maintenance capex and growth capex. Readers interested in the details could find them in my earlier article or his book.</p><p>To wit, AAPL’s TTM accounting EPS came in at $6.11 per share as aforementioned. However, its OE is about $7.18 per share, about 18% higher. The reason for this higher OE is the accounting EPS considered all CAPEX to be a cost, while only the maintenance capex should be considered as costs as Buffett explained above. In AAPL’s case, the discrepancy should be obvious as its accounting EPS is even lower than its FCF (free cash flow) by about 13%, and then even the FCF is an underestimate of the true OE (again because the FCF calculation also considered all the capex expenses to costs). The third column in the table shows my forecast for the next year. And as you can see, the OE for Apple in the next year is projected to be $7.33 per share.</p><p>All told, Apple&#39;s accounting PE is about 23x, a number all AAPL investors must be very familiar with. However, once you consider its OE, then the multiple is actually on the order of 20x for this year and slightly below 20x on an FW basis.</p><p>Then finally, remember that Apple also carries a net cash position on its balance sheet (about $2.27 per share under its current conditions). Once you adjust the cash position too, its OE PE is on the order of 19.9x for this year and only 19.5x for next year.</p><p>And in the next section, we will see how we can do even better through BRK.</p><h3><img src=\"https://static.tigerbbs.com/c3ac6ab756c4503f2a547af66444cff4\" tg-width=\"640\" tg-height=\"344\" width=\"100%\" height=\"auto\"/>Backdoor AAPL via BRK</h3><p>As mentioned earlier, the market value of BRK’s equity investment portfolio (based on dataroma) is at $296.1B As of this writing. AAPL is the largest position and is valued at $123.6B. So BRK’s equity investment excluding AAPL is worth about $173B, or $77 per share. The market capitalization for BRK is about $701B ($315 share price). Then also recall from its balance sheet, we know that there is $109 billion worth of cash sitting on its ledger.</p><p>Putting all these above numbers together, we can show that:</p><p>If we take out all the other equity investments except AAPL and the cash, BRK’s adjusted market cap is $420B (or $189 per share). This means if we buy BRK shares at $315 and then liquidate the cash and all other equity investments except AAPL, we effectively paid $189 for each BRK share only.</p><p>Why does this $189 buy us then? First, we bought all the AAPL shares that BRK owns. As of this writing, BRK owns a total of 894.8 million shares of AAPL, translating into 0.40 AAPL shares contained per BRK share. BRK has been consistently buying back its own shares. And I project this trend to continue. Extrapolating its share repurchase from the previous quarters, the AAPL shares contained in each BRK share would increase to 0.41 next year as shown.</p><p>Second, we also bought all the BRK operating segments too, which is what we will examine next.</p><h3><img src=\"https://static.tigerbbs.com/16462afe4efe010fb29b16d41385f15a\" tg-width=\"640\" tg-height=\"181\" width=\"100%\" height=\"auto\"/>AAPL’s ownership PE via BRK</h3><p>BRK is projected to earn $12.9 per share of operating income in 2022, although 2022 may not be the most representative year. My best estimate for its normalized operating income is about $12 per share (or $26.7B in total), which is the assumption that I used in the analysis shown in the following table.</p><p><img src=\"https://static.tigerbbs.com/4af9da2b8625409ae4723445ce6a9c94\" tg-width=\"640\" tg-height=\"159\" width=\"100%\" height=\"auto\"/>Now just as established above, if we buy BRK shares at $315, we are effectively buying 0.40 AAPL shares (or 0.41 on an FW basis) and all the BRK operating segments for $189. The BRK operating segments would provide earnings of $12 per share as assumed above, and the 0.4 AAPL shares would provide an OE of $2.88 (=0.40*$7.18). Thus, we paid $189 and got a total of $14.88 per share of OE ($12 from BRK operations plus $2.88 from AAPL). On an FW basis, the earnings would further increase to $15.13 per share due to a combination of AAPL earnings growth and BRK’s share repurchases as discussed above.</p><p>Now, how you compute the PE multiple here depends on how you value BRK’s operating income. The last row of the table shows an aggregated average, a sort of effective &#34;ownership&#34; PE of AAPL and BRK together, which turned out to be 12.7x based on 2022 financials and 12.1x on an FW basis.</p><p>If BRK’s operating income is priced at a 15x multiple – a quite reasonable multiple in my view, then BRK’s operating income would be worth $180 per share. Hence, we would be paying only $9 ($189-$12*15) for the 0.4 AAPL share, which provides $2.88 of OE. This means we would be owning the AAPL shares at a PE of about 3.1x only.</p><h3>Risks and final thoughts</h3><p>Specific risks for AAPL or BRK have been thoroughly discussed in other SA articles (including some of our own), and I won’t further add them here. Here I will focus on the risks and limitations associated with the particular backdoor idea described in this article.</p><ul><li>BRK’s cash position. In this analysis, I assumed that you could liquidate all the cash on its ledger. But of course, a good part of the cash is insurance float and cannot be liquidated (at least cannot be entirely liquidated). But there also are good reasons behind the approach that I used – at least as a thought experiment to analyze the financials and valuation. After all, cash is cash. If you buy BRK completely, every $1 in the insurance float still counts as $1.</li><li>Worth of BRK’s equity portfolio. The market valuation of BRK’s equity portfolio is always a moving target and changes on a daily basis with the market volatilities. Hence, there is some uncertainty here too. As aforementioned, the current portfolio value of $296.1B is already below the $306B disclosed in its 10-K back in September.</li></ul><p>Nonetheless, it’s always better to be approximately right than precisely wrong. And the bigger picture I see here are:</p><ul><li>Owning a perpetual compounder like AAPL near or below 20x OE is a no-brainer to me. And under Apple’s current conditions, with the cash position and underestimation of accounting EPS adjusted, a ~$145 stock price should translate into a 20x OE or below.</li><li>The discrepancy between accounting PE and OE PE is even larger than BRK. And once these discrepancies are corrected, we can own Apple shares with an effective “ownership” PE through BRK at heavy discounts. The exact discounts depend on how your value BRK’s operating income, which can lead to an ownership PE of AAPL in the range of ~12x to free based on my analyses.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Is Good, Even Better If Owned Via Berkshire Hathaway</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Is Good, Even Better If Owned Via Berkshire Hathaway\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-06 10:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4562427-apple-is-good-even-better-if-owned-via-berkshire-hathaway><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI kept telling my readers buying/adding Apple near or below 20x owners' earnings is a no brainer (i.e., a ~$145 price under current conditions).In this article, I will explain a way to backdoor...</p>\n\n<a href=\"https://seekingalpha.com/article/4562427-apple-is-good-even-better-if-owned-via-berkshire-hathaway\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4562427-apple-is-good-even-better-if-owned-via-berkshire-hathaway","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125714153","content_text":"SummaryI kept telling my readers buying/adding Apple near or below 20x owners' earnings is a no brainer (i.e., a ~$145 price under current conditions).In this article, I will explain a way to backdoor Apple through Berkshire Hathaway.I will explain why owning Apple shares via Berkshire is even more attractive under their current conditions.This way, you get to own Apple with an effective “ownership”PE in the range of ~12x to free depending on how you value Berkshires’ operating earnings.This idea was discussed in more depth with members of my private investing community, Envision Early Retirement.Q3 recap and investment thesisMy last article on Apple and Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is co-produced with Sensor Unlimited and published about a month ago in early November. That article argued that share repurchases at both AAPL and BRK are far more potent when considered together than viewed separately. Such “double buybacks” are compounding on steroids in our view.In this article, we want to switch the focus entirely. We will argue A) why buying/adding AAPL around its current price (which translates to about 20x owners' earnings) is a no-brainer, and B) why owning AAPL via BRK is an even better idea.Both AAPL and BRK have posted strong Q3 earnings. The key results are shown in the two charts below, and I will dive into the highlights as we go. These strong results, when combined with the price corrections during Q3 due to (or thanks to) market volatilities, investors have some great opportunities to buy or add these perpetual compounders at enticing entry valuations.For AAPL, its TTM EPS as of Q3 2022 (i.e., its FY Q4) came in at $6.11 per share as you can see from the first chart below. Later, you will see that such accounting EPS underestimates its owners' earnings (“OE”), and its OE is around $7.18, which translates into a share price near ~$145 at a 20x OE multiple. And I kept telling my readers buying/adding stock like AAPL near or below 20x OE is a no-brainer. Stocks like AAPL (or BRK) are quintessential examples of equity bonds as explained in my earlier article because:To me, any valuation near or below 20x OE is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 20x OE would provide about 5% owners earnings yield, leading to a total return in the double digits. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10%+ annual return is ~3x of what you can get from bonds in the long term.In this article, I will focus on an alternative way to own AAPL, a sort of backdoor, through BRK. And I will explain why owning AAPL this way is even more attractive under current conditions. And this brings me to the financials of BRK, as shown in the second chart in this section.BRK reported strong operating results for Q3 also and is on pace for a solid 2022. Operating earnings per share, which excludes capital gains and losses from the investment portfolio, clocked in at $3.00 in Q3, translating into an annual growth rate of almost 20% YOY. This was particularly impressive considering that its insurance segment suffered higher-than-usual operations losses due to hurricane Ida, Ian, and also the floods in Europe. The remainder of this analysis also will involve its balance sheet, which is posted below. And a couple of highlights relevant to the subsequent analyses:All my following per-share numbers for BRK (e.g., OE, equity, cash, et al) are quoted per Berkshire Hathaway B share, not A shares. Given that the focus here is on the financial (not voting power), the analysis should be perfectly applicable for A shares.Its equivalent Class B shares outstanding is taken to be 2.2B shares according to its most recent 10-K filing. The market value of its equity investment portfolio is taken from dataroma. And as of this writing, the portfolio value is reported to be $296.1B, slightly below the $306B shown in its 10-K below due to market fluctuations since the filing.With these parameters, let’s dive in and see how we can own AAPL through BRK at an effective PE of ~12x or below.AAPL’s EPS and OESince we are analyzing AAPL and BRK, it's only fitting to start with a quote from Warren Buffett on the difference between accounting EPS and owners' earnings (“OE”). The following is taken from Berkshire Hathaway's 1986 annual report (slightly edited with emphases added by me):These represent (“a”) reported earnings plus (“b”) depreciation, depletion, amortization, and certain other non-cash charges...less (“c”) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (“c”) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (“a”) plus (“b”) - but do not subtract (“c”).The key is to estimate item c, and my analysis of item c for AAPL is shown in the table below. This table is based off Bruce Greenwald’s method (detailed in his book Value Investing) to separate maintenance capex and growth capex. Readers interested in the details could find them in my earlier article or his book.To wit, AAPL’s TTM accounting EPS came in at $6.11 per share as aforementioned. However, its OE is about $7.18 per share, about 18% higher. The reason for this higher OE is the accounting EPS considered all CAPEX to be a cost, while only the maintenance capex should be considered as costs as Buffett explained above. In AAPL’s case, the discrepancy should be obvious as its accounting EPS is even lower than its FCF (free cash flow) by about 13%, and then even the FCF is an underestimate of the true OE (again because the FCF calculation also considered all the capex expenses to costs). The third column in the table shows my forecast for the next year. And as you can see, the OE for Apple in the next year is projected to be $7.33 per share.All told, Apple's accounting PE is about 23x, a number all AAPL investors must be very familiar with. However, once you consider its OE, then the multiple is actually on the order of 20x for this year and slightly below 20x on an FW basis.Then finally, remember that Apple also carries a net cash position on its balance sheet (about $2.27 per share under its current conditions). Once you adjust the cash position too, its OE PE is on the order of 19.9x for this year and only 19.5x for next year.And in the next section, we will see how we can do even better through BRK.Backdoor AAPL via BRKAs mentioned earlier, the market value of BRK’s equity investment portfolio (based on dataroma) is at $296.1B As of this writing. AAPL is the largest position and is valued at $123.6B. So BRK’s equity investment excluding AAPL is worth about $173B, or $77 per share. The market capitalization for BRK is about $701B ($315 share price). Then also recall from its balance sheet, we know that there is $109 billion worth of cash sitting on its ledger.Putting all these above numbers together, we can show that:If we take out all the other equity investments except AAPL and the cash, BRK’s adjusted market cap is $420B (or $189 per share). This means if we buy BRK shares at $315 and then liquidate the cash and all other equity investments except AAPL, we effectively paid $189 for each BRK share only.Why does this $189 buy us then? First, we bought all the AAPL shares that BRK owns. As of this writing, BRK owns a total of 894.8 million shares of AAPL, translating into 0.40 AAPL shares contained per BRK share. BRK has been consistently buying back its own shares. And I project this trend to continue. Extrapolating its share repurchase from the previous quarters, the AAPL shares contained in each BRK share would increase to 0.41 next year as shown.Second, we also bought all the BRK operating segments too, which is what we will examine next.AAPL’s ownership PE via BRKBRK is projected to earn $12.9 per share of operating income in 2022, although 2022 may not be the most representative year. My best estimate for its normalized operating income is about $12 per share (or $26.7B in total), which is the assumption that I used in the analysis shown in the following table.Now just as established above, if we buy BRK shares at $315, we are effectively buying 0.40 AAPL shares (or 0.41 on an FW basis) and all the BRK operating segments for $189. The BRK operating segments would provide earnings of $12 per share as assumed above, and the 0.4 AAPL shares would provide an OE of $2.88 (=0.40*$7.18). Thus, we paid $189 and got a total of $14.88 per share of OE ($12 from BRK operations plus $2.88 from AAPL). On an FW basis, the earnings would further increase to $15.13 per share due to a combination of AAPL earnings growth and BRK’s share repurchases as discussed above.Now, how you compute the PE multiple here depends on how you value BRK’s operating income. The last row of the table shows an aggregated average, a sort of effective \"ownership\" PE of AAPL and BRK together, which turned out to be 12.7x based on 2022 financials and 12.1x on an FW basis.If BRK’s operating income is priced at a 15x multiple – a quite reasonable multiple in my view, then BRK’s operating income would be worth $180 per share. Hence, we would be paying only $9 ($189-$12*15) for the 0.4 AAPL share, which provides $2.88 of OE. This means we would be owning the AAPL shares at a PE of about 3.1x only.Risks and final thoughtsSpecific risks for AAPL or BRK have been thoroughly discussed in other SA articles (including some of our own), and I won’t further add them here. Here I will focus on the risks and limitations associated with the particular backdoor idea described in this article.BRK’s cash position. In this analysis, I assumed that you could liquidate all the cash on its ledger. But of course, a good part of the cash is insurance float and cannot be liquidated (at least cannot be entirely liquidated). But there also are good reasons behind the approach that I used – at least as a thought experiment to analyze the financials and valuation. After all, cash is cash. If you buy BRK completely, every $1 in the insurance float still counts as $1.Worth of BRK’s equity portfolio. The market valuation of BRK’s equity portfolio is always a moving target and changes on a daily basis with the market volatilities. Hence, there is some uncertainty here too. As aforementioned, the current portfolio value of $296.1B is already below the $306B disclosed in its 10-K back in September.Nonetheless, it’s always better to be approximately right than precisely wrong. And the bigger picture I see here are:Owning a perpetual compounder like AAPL near or below 20x OE is a no-brainer to me. And under Apple’s current conditions, with the cash position and underestimation of accounting EPS adjusted, a ~$145 stock price should translate into a 20x OE or below.The discrepancy between accounting PE and OE PE is even larger than BRK. And once these discrepancies are corrected, we can own Apple shares with an effective “ownership” PE through BRK at heavy discounts. The exact discounts depend on how your value BRK’s operating income, which can lead to an ownership PE of AAPL in the range of ~12x to free based on my analyses.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987462765,"gmtCreate":1667966226658,"gmtModify":1676537991984,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"I wonder how many ppl will take the opportunity...&nbsp;","listText":"I wonder how many ppl will take the opportunity...&nbsp;","text":"I wonder how many ppl will take the opportunity...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987462765","repostId":"2281606495","repostType":4,"repost":{"id":"2281606495","kind":"highlight","pubTimestamp":1667973226,"share":"https://ttm.financial/m/news/2281606495?lang=en_US&edition=fundamental","pubTime":"2022-11-09 13:53","market":"us","language":"en","title":"Once-in-a-Decade Buying Opportunity: 2 Trillion-Dollar Growth Stocks Near a 52-Week Low","url":"https://stock-news.laohu8.com/highlight/detail?id=2281606495","media":"Motley Fool","summary":"These tech titans have woven themselves into the fabric of everyday life.","content":"<div>\n<p>At the end of 2021, tech giants Alphabet and Microsoft were collectively worth more than $4.4 trillion. But that figure has fallen to $2.7 trillion over the last 10 months, showcasing how much ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/07/once-in-a-decade-buys-2-stocks-near-a-52-week-low/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Once-in-a-Decade Buying Opportunity: 2 Trillion-Dollar Growth Stocks Near a 52-Week Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOnce-in-a-Decade Buying Opportunity: 2 Trillion-Dollar Growth Stocks Near a 52-Week Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 13:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/07/once-in-a-decade-buys-2-stocks-near-a-52-week-low/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>At the end of 2021, tech giants Alphabet and Microsoft were collectively worth more than $4.4 trillion. But that figure has fallen to $2.7 trillion over the last 10 months, showcasing how much ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/07/once-in-a-decade-buys-2-stocks-near-a-52-week-low/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","MSFT":"微软"},"source_url":"https://www.fool.com/investing/2022/11/07/once-in-a-decade-buys-2-stocks-near-a-52-week-low/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2281606495","content_text":"At the end of 2021, tech giants Alphabet and Microsoft were collectively worth more than $4.4 trillion. But that figure has fallen to $2.7 trillion over the last 10 months, showcasing how much investor sentiment has soured in response to lingering inflation and quickly rising interest rates.Since last peaking, Alphabet and Microsoft have seen their share prices plunge 44% and 38%, respectively, leaving both stocks near a 52-week low. Neither company has seen a sell-off of that magnitude at any point in the past 10 years, which makes this a once-in-a-decade buying opportunity.Here's what investors should know.1. Alphabet: The market leader in digital advertisingAlphabet missed Wall Street's guidance across the board in its third-quarter earnings report. Total revenue climbed just 6% to $69.1 billion, and net income fell 24% to $13.9 billion. Google Cloud was the one bright spot. That segment posted 38% revenue growth, though its operating loss widened slightly.However, as CEO Sundar Pichai pointed out during the earnings call, those weak results were \"impacted by lapping last year's elevated growth levels and the challenging macro climate.\" In other words, there is no material weakness in the underlying business, and there are still plenty of reasons to be bullish.First and foremost, Alphabet is an advertising colossus, and its prowess arises from web properties that cannot be easily replicated. Google Search is built on years of carefully crafted search algorithms and artificial intelligence (AI) models, and it holds 92% market share among search engines. Google is basically the doorway to the internet, and that makes it a valuable partner to marketers. Similarly, YouTube surpassed Netflix in September to become the most popular streaming platform, and a recent study from Pew Research says 95% of teens use YouTube far more than any other social media platform.Meanwhile, Alphabet is gaining ground in cloud computing. In the third quarter, Google Cloud Platform (GCP) accounted for 9% of cloud infrastructure spend, up from 8% in the same period last year, according to Canalys. It still trails the leaders, Amazon Web Services and Microsoft Azure, by a wide margin, but research company Gartner recently noted that GCP had the \"highest percentage of revenue gains and improvements\" of any cloud provider over the past year.In a nutshell, Alphabet has carved out a strong market presence in two important industries, both of which are expected to grow at a steady pace through the end of the decade. Precedence Research says worldwide digital ad spend will increase by 9.2% annually to approach $1.3 trillion by 2030, and Grand View Research says cloud spend will increase by 15.7% annually to approach $1.6 trillion by 2030. That leaves Alphabet with plenty of room to run.With that in mind, shares currently trade at 16.6 times earnings -- the cheapest valuation in the last five years -- creating an attractive buying opportunity for investors that have been eyeing this growth stock.2. Microsoft: The market leader in business productivity softwareMicrosoft topped Wall Street's estimates in the first fiscal quarter of 2023 (ended Sept. 30, 2022). Revenue rose 11% to $50.1 billion, and earnings dropped 13% to $2.35 per diluted share. That said, earnings actually increased 11% when adjusted for currency fluctuations and a one-time tax benefit last year. In this case, it was guidance that failed to impress. Management said weakness in PC demand and decreased ad spend on LinkedIn and Bing would carry into the next quarter, and that kept the stock on a downward trajectory.In this situation, investors need to look at the big picture: Countless businesses and consumers rely on Microsoft's software and cloud services. In fact, some of its products are so critical that the world might actually devolve into chaos if the company were to disappear tomorrow.Office 365 is the gold standard in office productivity applications, but Microsoft is also a leader in other software categories, including enterprise resource planning, business analytics, low-code application development, and communications. Digital transformation should be a tailwind for all of those markets, but Microsoft has even more exciting growth opportunities in cloud computing and cybersecurity.Microsoft Azure has invested heavily in areas like developer tools, data and AI, and hybrid cloud solutions, and those investments continued to pay off over the past year. Azure Machine Learning, a service that helps data scientists build and deploy AI models, has now notched 100% revenue growth for four consecutive quarters, and Microsoft Azure increased its share of the cloud infrastructure market to 22%, up from 21% in the prior year.Meanwhile, industry analysts have also recognized Microsoft as a leader in several verticals of the cybersecurity industry, including extended detection and response, access management, and security information and event management. Not surprisingly, those accolades have come alongside particularly impressive growth. Cybersecurity revenue soared 40% in fiscal 2022 (ended June 30), and Microsoft increased its security customers by 33% in the most recent quarter. That bodes well for the future. The cybersecurity market is expected to increase by 12% per year to reach $500 billion by 2030.In a nutshell, Microsoft's arsenal of mission-critical software products and cloud services should keep the company in growth mode for years to come. And with shares trading at 23.1 times earnings -- the cheapest valuation in the last three years -- now is a good time to buy this growth stock.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"GOOG":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065395410,"gmtCreate":1652142692530,"gmtModify":1676535038586,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>&nbsp;Another bloody nite for Coinbase... But opportunity for those with warchest and steel nerves.&nbsp;[Cool]&nbsp;","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>&nbsp;Another bloody nite for Coinbase... But opportunity for those with warchest and steel nerves.&nbsp;[Cool]&nbsp;","text":"$Coinbase Global, Inc.(COIN)$ Another bloody nite for Coinbase... But opportunity for those with warchest and steel nerves. [Cool]","images":[{"img":"https://community-static.tradeup.com/news/d5bfbac435b36a012aea8d15d001bd3d","width":"1080","height":"3608"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":51,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065395410","isVote":1,"tweetType":1,"viewCount":5612,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4091798526384710","authorId":"4091798526384710","name":"DragonTycoon","avatar":"https://static.itradeup.com/news/8af6e712e5444b40a3791ba5e8d75035","crmLevel":13,"crmLevelSwitch":0,"authorIdStr":"4091798526384710","idStr":"4091798526384710"},"content":"This is risky and scary Assess your risk reward ratio before plunging in There are more stable stocks out there that will give you the same potential reward Do you homework before buying","text":"This is risky and scary Assess your risk reward ratio before plunging in There are more stable stocks out there that will give you the same potential reward Do you homework before buying","html":"This is risky and scary Assess your risk reward ratio before plunging in There are more stable stocks out there that will give you the same potential reward Do you homework before buying"},{"author":{"id":"3586752204475642","authorId":"3586752204475642","name":"Kelvink73","avatar":"https://static.tigerbbs.com/8c719c2e9dfb696800beef6e2afa018a","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3586752204475642","idStr":"3586752204475642"},"content":"can hold for long term","text":"can hold for long term","html":"can hold for long term"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9066750963,"gmtCreate":1651972436652,"gmtModify":1676535004886,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RBLX\">$Roblox Corporation(RBLX)$</a>&nbsp;Earnings report soon... May be affect by the post covid where ppl goes back to office and schools&nbsp;","listText":"<a href=\"https://ttm.financial/S/RBLX\">$Roblox Corporation(RBLX)$</a>&nbsp;Earnings report soon... May be affect by the post covid where ppl goes back to office and schools&nbsp;","text":"$Roblox Corporation(RBLX)$ Earnings report soon... May be affect by the post covid where ppl goes back to office and schools","images":[{"img":"https://community-static.tradeup.com/news/1ce424827448919b8b60c0f4ca07b143","width":"1080","height":"3608"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":596,"commentSize":0,"repostSize":9,"link":"https://ttm.financial/post/9066750963","isVote":1,"tweetType":1,"viewCount":15862,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4097634413185810","authorId":"4097634413185810","name":"HHM13","avatar":"https://community-static.tradeup.com/news/9cfe6bd76cb4918d195071c7426bbb36","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"4097634413185810","idStr":"4097634413185810"},"content":"Do you really have those statistics that adult workers working from home are playing Roblox during Covid period?","text":"Do you really have those statistics that adult workers working from home are playing Roblox during Covid period?","html":"Do you really have those statistics that adult workers working from home are playing Roblox during Covid period?"},{"author":{"id":"3555145939693791","authorId":"3555145939693791","name":"PatekP","avatar":"https://community-static.tradeup.com/news/fc416459d49ce81eb2d7b161dc47e39c","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3555145939693791","idStr":"3555145939693791"},"content":"Big crash coming again?","text":"Big crash coming again?","html":"Big crash coming again?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9066859227,"gmtCreate":1651886987469,"gmtModify":1676534990959,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"https://ttm.financial/m/news/2233574603?lang=en_US&amp;edition=fundamental&amp;invite=TA5KJ9","listText":"https://ttm.financial/m/news/2233574603?lang=en_US&amp;edition=fundamental&amp;invite=TA5KJ9","text":"https://ttm.financial/m/news/2233574603?lang=en_US&edition=fundamental&invite=TA5KJ9","images":[{"img":"https://community-static.tradeup.com/news/4082b2cd2b94ff7c573a25fcdfed213a","width":"1080","height":"3608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066859227","isVote":1,"tweetType":1,"viewCount":3147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9068566957,"gmtCreate":1651794197679,"gmtModify":1676534970272,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SHOP\">$Shopify(SHOP)$</a>&nbsp;More bleeding after yesterday session.&nbsp;","listText":"<a href=\"https://ttm.financial/S/SHOP\">$Shopify(SHOP)$</a>&nbsp;More bleeding after yesterday session.&nbsp;","text":"$Shopify(SHOP)$ More bleeding after yesterday session.","images":[{"img":"https://community-static.tradeup.com/news/101a0ba5e68fa454a4e63336d3a42a2c","width":"1080","height":"3608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068566957","isVote":1,"tweetType":1,"viewCount":3822,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583219343417269","authorId":"3583219343417269","name":"bwjx","avatar":"https://community-static.tradeup.com/news/8caef76a71a3e44507b696f3580a8fd7","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3583219343417269","idStr":"3583219343417269"},"content":"Following $Amazon.com(AMZN)$ footsteps. [Happy] May have a bounce but it is very likely to decline further.","text":"Following $Amazon.com(AMZN)$ footsteps. [Happy] May have a bounce but it is very likely to decline further.","html":"Following $Amazon.com(AMZN)$ footsteps. [Happy] May have a bounce but it is very likely to decline further."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9068363274,"gmtCreate":1651719813138,"gmtModify":1676534956670,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>&nbsp;Going to test its lows","listText":"<a href=\"https://ttm.financial/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>&nbsp;Going to test its lows","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$ Going to test its lows","images":[{"img":"https://community-static.tradeup.com/news/1cbae8f9b562f043ddef5451ba4e34c0","width":"1080","height":"3509"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068363274","isVote":1,"tweetType":1,"viewCount":4036,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9061400367,"gmtCreate":1651657734853,"gmtModify":1676534943235,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OKTA\">$Okta Inc.(OKTA)$</a>&nbsp;Testing its lows","listText":"<a href=\"https://ttm.financial/S/OKTA\">$Okta Inc.(OKTA)$</a>&nbsp;Testing its lows","text":"$Okta Inc.(OKTA)$ Testing its lows","images":[{"img":"https://community-static.tradeup.com/news/1c97fcb104b02f22e9579d6078d095b0","width":"1080","height":"3509"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061400367","isVote":1,"tweetType":1,"viewCount":3641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9061924648,"gmtCreate":1651555048099,"gmtModify":1676534926529,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ICE\">$Intercontinental Exchange(ICE)$</a>&nbsp;Chance of ICE going under 100?","listText":"<a href=\"https://ttm.financial/S/ICE\">$Intercontinental Exchange(ICE)$</a>&nbsp;Chance of ICE going under 100?","text":"$Intercontinental Exchange(ICE)$ Chance of ICE going under 100?","images":[{"img":"https://community-static.tradeup.com/news/8dc7deafdd9d3375082953f0e7157ec7","width":"1080","height":"3608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061924648","isVote":1,"tweetType":1,"viewCount":2294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9063696085,"gmtCreate":1651457486105,"gmtModify":1676534909644,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>&nbsp;Opportunity to start accumulating.&nbsp;","listText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>&nbsp;Opportunity to start accumulating.&nbsp;","text":"$Amazon.com(AMZN)$ Opportunity to start accumulating.","images":[{"img":"https://community-static.tradeup.com/news/096df6aa6c8592bbdee15854f067840f","width":"1080","height":"3608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063696085","isVote":1,"tweetType":1,"viewCount":2470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9012723439,"gmtCreate":1649381345905,"gmtModify":1676534502837,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Both are good to accumulate&nbsp;","listText":"Both are good to accumulate&nbsp;","text":"Both are good to accumulate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012723439","repostId":"2225516773","repostType":4,"repost":{"id":"2225516773","kind":"highlight","pubTimestamp":1649379813,"share":"https://ttm.financial/m/news/2225516773?lang=en_US&edition=fundamental","pubTime":"2022-04-08 09:03","market":"us","language":"en","title":"Looking for the Next Stock Split? 2 Top Growth Stocks to Buy Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2225516773","media":"Motley Fool","summary":"These e-commerce companies could be next in line to split their stocks.","content":"<div>\n<p>The recent wave of stock splits has some investors fired up. Of course, splitting a stock has no effect on corporate size or profitability. It's analogous to cutting a cake into more slices. You end ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/07/next-stock-split-2-top-growth-stocks-to-buy-now/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Looking for the Next Stock Split? 2 Top Growth Stocks to Buy Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLooking for the Next Stock Split? 2 Top Growth Stocks to Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-08 09:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/07/next-stock-split-2-top-growth-stocks-to-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The recent wave of stock splits has some investors fired up. Of course, splitting a stock has no effect on corporate size or profitability. It's analogous to cutting a cake into more slices. You end ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/07/next-stock-split-2-top-growth-stocks-to-buy-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4122":"互联网与直销零售","MELI":"MercadoLibre","BK4566":"资本集团","BK4528":"SaaS概念","BK4535":"淡马锡持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4538":"云计算","BK4559":"巴菲特持仓","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4548":"巴美列捷福持仓","SHOP":"Shopify Inc","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4524":"宅经济概念","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","AMZN":"亚马逊","BK4554":"元宇宙及AR概念","BK4527":"明星科技股","BK4116":"互联网服务与基础架构","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4534":"瑞士信贷持仓","BK4503":"景林资产持仓"},"source_url":"https://www.fool.com/investing/2022/04/07/next-stock-split-2-top-growth-stocks-to-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2225516773","content_text":"The recent wave of stock splits has some investors fired up. Of course, splitting a stock has no effect on corporate size or profitability. It's analogous to cutting a cake into more slices. You end up with the same amount of cake, but each piece is smaller. Similarly, splitting a stock leaves its market cap unchanged, but it makes individual shares more accessible, especially for investors who can't buy fractional shares through their brokerage account.With that in mind, MercadoLibre and Shopify could be the next companies to split their stocks. Shopify trades near $650 per share, and MercadoLibre trades near $1,150 per share -- that's a good chunk of change. But even if those splits don't happen, both stocks could still make you richer in the long run.Here's why.1. MercadoLibreIn 1999, MercadoLibre revolutionized the Latin American commerce industry with the launch of its online marketplace. A few years later, the company debuted its fintech solution, Mercado Pago, democratizing digital payments in a region where relatively few consumers have access to bank accounts and debit cards. MercadoLibre has since built a sizable logistics network to simplify shipping and fulfillment, and it has added advertising and financing tools to its portfolio.That extensive ecosystem has differentiated MercadoLibre from its rivals, helping it become the leading e-commerce and fintech company in Latin America. Better yet, that dominant market position has given MercadoLibre significant pricing power. Its take rate -- commerce revenue as a percentage of gross merchandise volume -- hit 16.3% in 2021, up from 9.6% in 2019. In turn, revenue skyrocketed 78% to $7.1 billion last year, and the company posted a profit of $1.67 per diluted share, up from a loss of $0.08 per diluted share in the previous year.Currently, just 62% of people in Latin America use the internet, and only 38% shop online. Those figures should trend upwards in the coming years, supercharging the e-commerce and digital payments industries. As the leader in both spaces, MercadoLibre should benefit greatly from that tailwind. And with shares trading at eight times sales -- well below their three-year average of 15 times sales -- now looks like a great time to buy this potential stock-split stock.2. ShopifyShopify is the world's most popular e-commerce software. Its platform helps merchants list and sell products across dozens of channels, including custom websites and mobile storefronts, online marketplaces, social media, and brick-and-mortar locations. Shopify further simplifies commerce with value-added services like payment processing (Shopify Payments) and financing (Shopify Capital), and an app store that offers thousands of additional integrations.That value proposition has helped Shopify win nearly 2.1 million customers, creating a significant network effect. By harnessing data generated across its platform, Shopify can provide its merchants with valuable insights that drive consumer engagement. Better yet, Shopify empowers merchants to grow their brand and build relationships directly with customers. That differentiates it from online retailers like Amazon and Walmart, which pull merchants onto one marketplace (rather than allowing them to operate a branded storefront).That competitive edge helped Shopify capture 10.3% market share in U.S. e-commerce last year, making it the second-largest player in the space (behind Amazon). In turn, revenue rose 57% to $4.6 billion and the company posted a profit of $22.89 per diluted share, up nearly ninefold from $2.55 per diluted share in 2020. But e-commerce is still a growing industry, and Shopify is well-positioned to continue taking market share.The company currently puts its market opportunity at $160 billion. Management has laid out a solid growth plan centered around geographic expansion, the building of a nationwide fulfillment network, and the Shop mobile app, a tool that allows consumers to discover relevant products and engage directly with sellers. And with shares trading at 18 times sales -- well below their three-year average of 40 times sales -- you can buy this growth stock at a bargain.","news_type":1,"symbols_score_info":{"SHOP":0.9,"QNETCN":0.6,"MELI":0.9,"AMZN":0.85}},"isVote":1,"tweetType":1,"viewCount":1734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094640682,"gmtCreate":1645143556104,"gmtModify":1676534002067,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Opportunity for those that want to get SHOP","listText":"Opportunity for those that want to get SHOP","text":"Opportunity for those that want to get SHOP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094640682","repostId":"2212921612","repostType":4,"isVote":1,"tweetType":1,"viewCount":1500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833226077,"gmtCreate":1629246174599,"gmtModify":1676529976474,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Opportunity to accumulate when there is a correction&nbsp;","listText":"Opportunity to accumulate when there is a correction&nbsp;","text":"Opportunity to accumulate when there is a correction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/833226077","repostId":"2160062252","repostType":4,"isVote":1,"tweetType":1,"viewCount":1846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839628692,"gmtCreate":1629157682616,"gmtModify":1676529946456,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Enjoy the ride!&nbsp;","listText":"Enjoy the ride!&nbsp;","text":"Enjoy the ride!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839628692","repostId":"1137961734","repostType":4,"repost":{"id":"1137961734","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629122094,"share":"https://ttm.financial/m/news/1137961734?lang=en_US&edition=fundamental","pubTime":"2021-08-16 21:54","market":"other","language":"en","title":"Apple shares reached record high at $150.59 in early trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1137961734","media":"Tiger Newspress","summary":"(Aug 16)&nbsp;Apple shares reached record high at $150.59 in early trading.","content":"<p>(Aug 16)&nbsp;Apple shares reached record high at $150.59 in early trading.</p>\n<p><img src=\"https://static.tigerbbs.com/b2b9a9a385ae4e2c77588a61ab15011b\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple shares reached record high at $150.59 in early trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple shares reached record high at $150.59 in early trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-16 21:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 16)&nbsp;Apple shares reached record high at $150.59 in early trading.</p>\n<p><img src=\"https://static.tigerbbs.com/b2b9a9a385ae4e2c77588a61ab15011b\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137961734","content_text":"(Aug 16) Apple shares reached record high at $150.59 in early trading.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1999,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890645405,"gmtCreate":1628117403207,"gmtModify":1703501357467,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Due to Delta variant, likely to get worse before it gets better","listText":"Due to Delta variant, likely to get worse before it gets better","text":"Due to Delta variant, likely to get worse before it gets better","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890645405","repostId":"2156106357","repostType":4,"isVote":1,"tweetType":1,"viewCount":1551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804221305,"gmtCreate":1627959253607,"gmtModify":1703498622907,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"First Alibaba, Now Tencent. Who will be next?&nbsp;","listText":"First Alibaba, Now Tencent. Who will be next?&nbsp;","text":"First Alibaba, Now Tencent. Who will be next?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804221305","repostId":"1147488941","repostType":4,"isVote":1,"tweetType":1,"viewCount":1735,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3582764273979695","idStr":"3582764273979695"},"content":"They had to convene an urgent meeting with the banks recently due to the panic sell-off. Shouldn’t they take a backseat for some time? ?","text":"They had to convene an urgent meeting with the banks recently due to the panic sell-off. Shouldn’t they take a backseat for some time? ?","html":"They had to convene an urgent meeting with the banks recently due to the panic sell-off. Shouldn’t they take a backseat for some time? ?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804120435,"gmtCreate":1627946566027,"gmtModify":1703498195482,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Taking the opportunity to make more profits.&nbsp;","listText":"Taking the opportunity to make more profits.&nbsp;","text":"Taking the opportunity to make more profits.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804120435","repostId":"1172231827","repostType":4,"repost":{"id":"1172231827","kind":"news","pubTimestamp":1627910581,"share":"https://ttm.financial/m/news/1172231827?lang=en_US&edition=fundamental","pubTime":"2021-08-02 21:23","market":"us","language":"en","title":"Moderna, Pfizer Hike Vaccine Prices By Up To 25%","url":"https://stock-news.laohu8.com/highlight/detail?id=1172231827","media":"zerohedge","summary":"Pfizer and Moderna, Inc. have both made clear that they see their COVID vaccination businesses as lo","content":"<p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a> and <a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in public money to effectively subsidize their development. And now that jabs from <a href=\"https://laohu8.com/S/CAAS\">China</a> and Russia are facing newfound skepticism across Europe and the emerging world, Big Pharma is showing its true colors, and demanding a massive premium from all buyers of its jabs as Pfizer rolls out its first 'booster jabs'.</p>\n<p>It's interesting that they're raising prices, considering thatthe Pfizer jabhasn't exactlyheld up to the original promise of its efficacy.</p>\n<p>Despite their original promises not to profit off the vaccines until the pandemic had ended, both companies are now seizing the opportunity to hike prices charged to governments like those in the EU.</p>\n<p>According to the latest EU supply contracts seen by the FT, Pfizer raised the price of its COVID vaccine by more than 25% and Moderna raised its price by more than 10%. Both companies are expected to generate tens of billions of dollars in revenue this year as they sign new deals with countries anxious to secure supplies for potential booster shots.</p>\n<p>Perthe FT,the companies are raising prices now that Phase 3 trial data has showed that their mRNA jabs are more effective than the AstraZeneca and JNJ jabs. But let's not forget another important factor: that both the AstraZeneca and JNJ jabs have been linked to rare yet sometimes fatal blood clots that have made millions of people wary of taking the jabs. In Australia, for example, the AstraZeneca jab is much more available than the Pfizer jabs...but most patients would prefer to wait, despite the intense lockdowns imposed on the population.</p>\n<p>The new price for a Pfizer shot was €19.50 ($23) vs. €15.50 ($18) previously, according to the contracts seen by the FT.</p>\n<p>The insider who leaked the data to the FT said the pharmaceutical companies argued they deserved more money because their jabs offered increased \"value\" vs. competing vaccines.</p>\n<p>In reality, Big Pharma is just trying to do right by its shareholders as sales are expected to boom.</p>\n<p><img src=\"https://static.tigerbbs.com/cb20962b05dd2a1a50089742b71bd99c\" tg-width=\"1280\" tg-height=\"889\" referrerpolicy=\"no-referrer\">As the FT points out, the EU supply deal was struck at a difficult time for the EU. The AstraZeneca jab that public health leaders had hoped would be the workhorse of the global rollout had been damaged by scandal. The big pharma firms effectively had their government customers over a barrel. What's more, EU members were grousing about \"unfair\" distribution of shots that left some countries short on jabs.</p>\n<p><a href=\"https://laohu8.com/S/JE\">Just</a> last week, Pfizer last week raised its guidance for annual vaccine revenue by nearly <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third to $33.5 billion, after sales of the shot helped almost double sales in the second quarter.</p>\n<p><img src=\"https://static.tigerbbs.com/5b4fabb71aac47f3f630bde49b1c1c8b\" tg-width=\"1280\" tg-height=\"937\" referrerpolicy=\"no-referrer\"></p>\n<p>Fortunately for shareholders, sales to high-income countries likely won't be slowing any time soon as governments prepare to start inoculating minors, and booster shots are being doled out already in Israel.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Moderna, Pfizer Hike Vaccine Prices By Up To 25%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nModerna, Pfizer Hike Vaccine Prices By Up To 25%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/covid-19/moderna-pfizer-hike-vaccine-prices-25?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pfizer and Moderna, Inc. have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in ...</p>\n\n<a href=\"https://www.zerohedge.com/covid-19/moderna-pfizer-hike-vaccine-prices-25?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","PFE":"辉瑞"},"source_url":"https://www.zerohedge.com/covid-19/moderna-pfizer-hike-vaccine-prices-25?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172231827","content_text":"Pfizer and Moderna, Inc. have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in public money to effectively subsidize their development. And now that jabs from China and Russia are facing newfound skepticism across Europe and the emerging world, Big Pharma is showing its true colors, and demanding a massive premium from all buyers of its jabs as Pfizer rolls out its first 'booster jabs'.\nIt's interesting that they're raising prices, considering thatthe Pfizer jabhasn't exactlyheld up to the original promise of its efficacy.\nDespite their original promises not to profit off the vaccines until the pandemic had ended, both companies are now seizing the opportunity to hike prices charged to governments like those in the EU.\nAccording to the latest EU supply contracts seen by the FT, Pfizer raised the price of its COVID vaccine by more than 25% and Moderna raised its price by more than 10%. Both companies are expected to generate tens of billions of dollars in revenue this year as they sign new deals with countries anxious to secure supplies for potential booster shots.\nPerthe FT,the companies are raising prices now that Phase 3 trial data has showed that their mRNA jabs are more effective than the AstraZeneca and JNJ jabs. But let's not forget another important factor: that both the AstraZeneca and JNJ jabs have been linked to rare yet sometimes fatal blood clots that have made millions of people wary of taking the jabs. In Australia, for example, the AstraZeneca jab is much more available than the Pfizer jabs...but most patients would prefer to wait, despite the intense lockdowns imposed on the population.\nThe new price for a Pfizer shot was €19.50 ($23) vs. €15.50 ($18) previously, according to the contracts seen by the FT.\nThe insider who leaked the data to the FT said the pharmaceutical companies argued they deserved more money because their jabs offered increased \"value\" vs. competing vaccines.\nIn reality, Big Pharma is just trying to do right by its shareholders as sales are expected to boom.\nAs the FT points out, the EU supply deal was struck at a difficult time for the EU. The AstraZeneca jab that public health leaders had hoped would be the workhorse of the global rollout had been damaged by scandal. The big pharma firms effectively had their government customers over a barrel. What's more, EU members were grousing about \"unfair\" distribution of shots that left some countries short on jabs.\nJust last week, Pfizer last week raised its guidance for annual vaccine revenue by nearly one-third to $33.5 billion, after sales of the shot helped almost double sales in the second quarter.\n\nFortunately for shareholders, sales to high-income countries likely won't be slowing any time soon as governments prepare to start inoculating minors, and booster shots are being doled out already in Israel.","news_type":1,"symbols_score_info":{"MRNA":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":1269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808406085,"gmtCreate":1627604455147,"gmtModify":1703493117714,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3561593321242476","idStr":"3561593321242476"},"themes":[],"htmlText":"Some counters&nbsp;profit taking with&nbsp;the good quarterly results.&nbsp;","listText":"Some counters&nbsp;profit taking with&nbsp;the good quarterly results.&nbsp;","text":"Some counters profit taking with the good quarterly results.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808406085","repostId":"2155184148","repostType":4,"isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9066750963,"gmtCreate":1651972436652,"gmtModify":1676535004886,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RBLX\">$Roblox Corporation(RBLX)$</a>&nbsp;Earnings report soon... May be affect by the post covid where ppl goes back to office and schools&nbsp;","listText":"<a href=\"https://ttm.financial/S/RBLX\">$Roblox Corporation(RBLX)$</a>&nbsp;Earnings report soon... May be affect by the post covid where ppl goes back to office and schools&nbsp;","text":"$Roblox Corporation(RBLX)$ Earnings report soon... May be affect by the post covid where ppl goes back to office and schools","images":[{"img":"https://community-static.tradeup.com/news/1ce424827448919b8b60c0f4ca07b143","width":"1080","height":"3608"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":596,"commentSize":0,"repostSize":9,"link":"https://ttm.financial/post/9066750963","isVote":1,"tweetType":1,"viewCount":15862,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4097634413185810","authorId":"4097634413185810","name":"HHM13","avatar":"https://community-static.tradeup.com/news/9cfe6bd76cb4918d195071c7426bbb36","crmLevel":12,"crmLevelSwitch":0,"idStr":"4097634413185810","authorIdStr":"4097634413185810"},"content":"Do you really have those statistics that adult workers working from home are playing Roblox during Covid period?","text":"Do you really have those statistics that adult workers working from home are playing Roblox during Covid period?","html":"Do you really have those statistics that adult workers working from home are playing Roblox during Covid period?"},{"author":{"id":"3555145939693791","authorId":"3555145939693791","name":"PatekP","avatar":"https://community-static.tradeup.com/news/fc416459d49ce81eb2d7b161dc47e39c","crmLevel":12,"crmLevelSwitch":0,"idStr":"3555145939693791","authorIdStr":"3555145939693791"},"content":"Big crash coming again?","text":"Big crash coming again?","html":"Big crash coming again?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9065395410,"gmtCreate":1652142692530,"gmtModify":1676535038586,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>&nbsp;Another bloody nite for Coinbase... But opportunity for those with warchest and steel nerves.&nbsp;[Cool]&nbsp;","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>&nbsp;Another bloody nite for Coinbase... But opportunity for those with warchest and steel nerves.&nbsp;[Cool]&nbsp;","text":"$Coinbase Global, Inc.(COIN)$ Another bloody nite for Coinbase... But opportunity for those with warchest and steel nerves. [Cool]","images":[{"img":"https://community-static.tradeup.com/news/d5bfbac435b36a012aea8d15d001bd3d","width":"1080","height":"3608"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":51,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065395410","isVote":1,"tweetType":1,"viewCount":5612,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4091798526384710","authorId":"4091798526384710","name":"DragonTycoon","avatar":"https://static.itradeup.com/news/8af6e712e5444b40a3791ba5e8d75035","crmLevel":13,"crmLevelSwitch":0,"idStr":"4091798526384710","authorIdStr":"4091798526384710"},"content":"This is risky and scary Assess your risk reward ratio before plunging in There are more stable stocks out there that will give you the same potential reward Do you homework before buying","text":"This is risky and scary Assess your risk reward ratio before plunging in There are more stable stocks out there that will give you the same potential reward Do you homework before buying","html":"This is risky and scary Assess your risk reward ratio before plunging in There are more stable stocks out there that will give you the same potential reward Do you homework before buying"},{"author":{"id":"3586752204475642","authorId":"3586752204475642","name":"Kelvink73","avatar":"https://static.tigerbbs.com/8c719c2e9dfb696800beef6e2afa018a","crmLevel":11,"crmLevelSwitch":0,"idStr":"3586752204475642","authorIdStr":"3586752204475642"},"content":"can hold for long term","text":"can hold for long term","html":"can hold for long term"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9967867953,"gmtCreate":1670295400672,"gmtModify":1676538339336,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"Everyone will be hoarding the shares&nbsp;[Happy]&nbsp;","listText":"Everyone will be hoarding the shares&nbsp;[Happy]&nbsp;","text":"Everyone will be hoarding the shares [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9967867953","repostId":"1125714153","repostType":4,"repost":{"id":"1125714153","kind":"news","pubTimestamp":1670293345,"share":"https://ttm.financial/m/news/1125714153?lang=en_US&edition=fundamental","pubTime":"2022-12-06 10:22","market":"us","language":"en","title":"Apple Is Good, Even Better If Owned Via Berkshire Hathaway","url":"https://stock-news.laohu8.com/highlight/detail?id=1125714153","media":"Seeking Alpha","summary":"SummaryI kept telling my readers buying/adding Apple near or below 20x owners' earnings is a no brai","content":"<html><head></head><body><h3>Summary</h3><ul><li>I kept telling my readers buying/adding Apple near or below 20x owners&#39; earnings is a no brainer (i.e., a ~$145 price under current conditions).</li><li>In this article, I will explain a way to backdoor Apple through Berkshire Hathaway.</li><li>I will explain why owning Apple shares via Berkshire is even more attractive under their current conditions.</li><li>This way, you get to own Apple with an effective “ownership”PE in the range of ~12x to free depending on how you value Berkshires’ operating earnings.</li><li>This idea was discussed in more depth with members of my private investing community, Envision Early Retirement.</li></ul><h3>Q3 recap and investment thesis</h3><p>My last article on <a href=\"https://laohu8.com/S/AAPL\">Apple</a> and Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is co-produced with Sensor Unlimited and published about a month ago in early November. That article argued that share repurchases at both AAPL and BRK are far more potent when considered together than viewed separately. Such “double buybacks” are compounding on steroids in our view.</p><p>In this article, we want to switch the focus entirely. We will argue A) why buying/adding AAPL around its current price (which translates to about 20x owners&#39; earnings) is a no-brainer, and B) why owning AAPL via BRK is an even better idea.</p><p>Both AAPL and BRK have posted strong Q3 earnings. The key results are shown in the two charts below, and I will dive into the highlights as we go. These strong results, when combined with the price corrections during Q3 due to (or thanks to) market volatilities, investors have some great opportunities to buy or add these perpetual compounders at enticing entry valuations.</p><p>For AAPL, its TTM EPS as of Q3 2022 (i.e., its FY Q4) came in at $6.11 per share as you can see from the first chart below. Later, you will see that such accounting EPS underestimates its owners&#39; earnings (“OE”), and its OE is around $7.18, which translates into a share price near ~$145 at a 20x OE multiple. And I kept telling my readers buying/adding stock like AAPL near or below 20x OE is a no-brainer. Stocks like AAPL (or BRK) are quintessential examples of equity bonds as explained in my earlier article because:</p><p>To me, any valuation near or below 20x OE is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 20x OE would provide about 5% owners earnings yield, leading to a total return in the double digits. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10%+ annual return is ~3x of what you can get from bonds in the long term.</p><p>In this article, I will focus on an alternative way to own AAPL, a sort of backdoor, through BRK. And I will explain why owning AAPL this way is even more attractive under current conditions. And this brings me to the financials of BRK, as shown in the second chart in this section.</p><p><img src=\"https://static.tigerbbs.com/f61e045c67f643b98ba432f7f5f77739\" tg-width=\"640\" tg-height=\"585\" width=\"100%\" height=\"auto\"/>BRK reported strong operating results for Q3 also and is on pace for a solid 2022. Operating earnings per share, which excludes capital gains and losses from the investment portfolio, clocked in at $3.00 in Q3, translating into an annual growth rate of almost 20% YOY. This was particularly impressive considering that its insurance segment suffered higher-than-usual operations losses due to hurricane Ida, Ian, and also the floods in Europe. The remainder of this analysis also will involve its balance sheet, which is posted below. And a couple of highlights relevant to the subsequent analyses:</p><ul><li>All my following per-share numbers for BRK (e.g., OE, equity, cash, et al) are quoted per Berkshire Hathaway B share, not A shares. Given that the focus here is on the financial (not voting power), the analysis should be perfectly applicable for A shares.</li><li>Its equivalent Class B shares outstanding is taken to be 2.2B shares according to its most recent 10-K filing. The market value of its equity investment portfolio is taken from dataroma. And as of this writing, the portfolio value is reported to be $296.1B, slightly below the $306B shown in its 10-K below due to market fluctuations since the filing.</li></ul><p>With these parameters, let’s dive in and see how we can own AAPL through BRK at an effective PE of ~12x or below.</p><h3><img src=\"https://static.tigerbbs.com/744119f29d38279a1a7fad8febbe605e\" tg-width=\"640\" tg-height=\"401\" width=\"100%\" height=\"auto\"/>AAPL’s EPS and OE</h3><p>Since we are analyzing AAPL and BRK, it&#39;s only fitting to start with a quote from Warren Buffett on the difference between accounting EPS and owners&#39; earnings (“OE”). The following is taken from Berkshire Hathaway&#39;s 1986 annual report (slightly edited with emphases added by me):</p><p>These represent (“a”) reported earnings plus (“b”) depreciation, depletion, amortization, and certain other non-cash charges...less (“c”) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (“c”) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes...All of this points up the absurdity of the &#39;cash flow&#39; numbers that are often set forth in Wall Street reports. These numbers routinely include (“a”) plus (“b”) - but do not subtract (“c”).</p><p>The key is to estimate item c, and my analysis of item c for AAPL is shown in the table below. This table is based off Bruce Greenwald’s method (detailed in his book Value Investing) to separate maintenance capex and growth capex. Readers interested in the details could find them in my earlier article or his book.</p><p>To wit, AAPL’s TTM accounting EPS came in at $6.11 per share as aforementioned. However, its OE is about $7.18 per share, about 18% higher. The reason for this higher OE is the accounting EPS considered all CAPEX to be a cost, while only the maintenance capex should be considered as costs as Buffett explained above. In AAPL’s case, the discrepancy should be obvious as its accounting EPS is even lower than its FCF (free cash flow) by about 13%, and then even the FCF is an underestimate of the true OE (again because the FCF calculation also considered all the capex expenses to costs). The third column in the table shows my forecast for the next year. And as you can see, the OE for Apple in the next year is projected to be $7.33 per share.</p><p>All told, Apple&#39;s accounting PE is about 23x, a number all AAPL investors must be very familiar with. However, once you consider its OE, then the multiple is actually on the order of 20x for this year and slightly below 20x on an FW basis.</p><p>Then finally, remember that Apple also carries a net cash position on its balance sheet (about $2.27 per share under its current conditions). Once you adjust the cash position too, its OE PE is on the order of 19.9x for this year and only 19.5x for next year.</p><p>And in the next section, we will see how we can do even better through BRK.</p><h3><img src=\"https://static.tigerbbs.com/c3ac6ab756c4503f2a547af66444cff4\" tg-width=\"640\" tg-height=\"344\" width=\"100%\" height=\"auto\"/>Backdoor AAPL via BRK</h3><p>As mentioned earlier, the market value of BRK’s equity investment portfolio (based on dataroma) is at $296.1B As of this writing. AAPL is the largest position and is valued at $123.6B. So BRK’s equity investment excluding AAPL is worth about $173B, or $77 per share. The market capitalization for BRK is about $701B ($315 share price). Then also recall from its balance sheet, we know that there is $109 billion worth of cash sitting on its ledger.</p><p>Putting all these above numbers together, we can show that:</p><p>If we take out all the other equity investments except AAPL and the cash, BRK’s adjusted market cap is $420B (or $189 per share). This means if we buy BRK shares at $315 and then liquidate the cash and all other equity investments except AAPL, we effectively paid $189 for each BRK share only.</p><p>Why does this $189 buy us then? First, we bought all the AAPL shares that BRK owns. As of this writing, BRK owns a total of 894.8 million shares of AAPL, translating into 0.40 AAPL shares contained per BRK share. BRK has been consistently buying back its own shares. And I project this trend to continue. Extrapolating its share repurchase from the previous quarters, the AAPL shares contained in each BRK share would increase to 0.41 next year as shown.</p><p>Second, we also bought all the BRK operating segments too, which is what we will examine next.</p><h3><img src=\"https://static.tigerbbs.com/16462afe4efe010fb29b16d41385f15a\" tg-width=\"640\" tg-height=\"181\" width=\"100%\" height=\"auto\"/>AAPL’s ownership PE via BRK</h3><p>BRK is projected to earn $12.9 per share of operating income in 2022, although 2022 may not be the most representative year. My best estimate for its normalized operating income is about $12 per share (or $26.7B in total), which is the assumption that I used in the analysis shown in the following table.</p><p><img src=\"https://static.tigerbbs.com/4af9da2b8625409ae4723445ce6a9c94\" tg-width=\"640\" tg-height=\"159\" width=\"100%\" height=\"auto\"/>Now just as established above, if we buy BRK shares at $315, we are effectively buying 0.40 AAPL shares (or 0.41 on an FW basis) and all the BRK operating segments for $189. The BRK operating segments would provide earnings of $12 per share as assumed above, and the 0.4 AAPL shares would provide an OE of $2.88 (=0.40*$7.18). Thus, we paid $189 and got a total of $14.88 per share of OE ($12 from BRK operations plus $2.88 from AAPL). On an FW basis, the earnings would further increase to $15.13 per share due to a combination of AAPL earnings growth and BRK’s share repurchases as discussed above.</p><p>Now, how you compute the PE multiple here depends on how you value BRK’s operating income. The last row of the table shows an aggregated average, a sort of effective &#34;ownership&#34; PE of AAPL and BRK together, which turned out to be 12.7x based on 2022 financials and 12.1x on an FW basis.</p><p>If BRK’s operating income is priced at a 15x multiple – a quite reasonable multiple in my view, then BRK’s operating income would be worth $180 per share. Hence, we would be paying only $9 ($189-$12*15) for the 0.4 AAPL share, which provides $2.88 of OE. This means we would be owning the AAPL shares at a PE of about 3.1x only.</p><h3>Risks and final thoughts</h3><p>Specific risks for AAPL or BRK have been thoroughly discussed in other SA articles (including some of our own), and I won’t further add them here. Here I will focus on the risks and limitations associated with the particular backdoor idea described in this article.</p><ul><li>BRK’s cash position. In this analysis, I assumed that you could liquidate all the cash on its ledger. But of course, a good part of the cash is insurance float and cannot be liquidated (at least cannot be entirely liquidated). But there also are good reasons behind the approach that I used – at least as a thought experiment to analyze the financials and valuation. After all, cash is cash. If you buy BRK completely, every $1 in the insurance float still counts as $1.</li><li>Worth of BRK’s equity portfolio. The market valuation of BRK’s equity portfolio is always a moving target and changes on a daily basis with the market volatilities. Hence, there is some uncertainty here too. As aforementioned, the current portfolio value of $296.1B is already below the $306B disclosed in its 10-K back in September.</li></ul><p>Nonetheless, it’s always better to be approximately right than precisely wrong. And the bigger picture I see here are:</p><ul><li>Owning a perpetual compounder like AAPL near or below 20x OE is a no-brainer to me. And under Apple’s current conditions, with the cash position and underestimation of accounting EPS adjusted, a ~$145 stock price should translate into a 20x OE or below.</li><li>The discrepancy between accounting PE and OE PE is even larger than BRK. And once these discrepancies are corrected, we can own Apple shares with an effective “ownership” PE through BRK at heavy discounts. The exact discounts depend on how your value BRK’s operating income, which can lead to an ownership PE of AAPL in the range of ~12x to free based on my analyses.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Is Good, Even Better If Owned Via Berkshire Hathaway</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Is Good, Even Better If Owned Via Berkshire Hathaway\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-06 10:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4562427-apple-is-good-even-better-if-owned-via-berkshire-hathaway><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI kept telling my readers buying/adding Apple near or below 20x owners' earnings is a no brainer (i.e., a ~$145 price under current conditions).In this article, I will explain a way to backdoor...</p>\n\n<a href=\"https://seekingalpha.com/article/4562427-apple-is-good-even-better-if-owned-via-berkshire-hathaway\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4562427-apple-is-good-even-better-if-owned-via-berkshire-hathaway","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125714153","content_text":"SummaryI kept telling my readers buying/adding Apple near or below 20x owners' earnings is a no brainer (i.e., a ~$145 price under current conditions).In this article, I will explain a way to backdoor Apple through Berkshire Hathaway.I will explain why owning Apple shares via Berkshire is even more attractive under their current conditions.This way, you get to own Apple with an effective “ownership”PE in the range of ~12x to free depending on how you value Berkshires’ operating earnings.This idea was discussed in more depth with members of my private investing community, Envision Early Retirement.Q3 recap and investment thesisMy last article on Apple and Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is co-produced with Sensor Unlimited and published about a month ago in early November. That article argued that share repurchases at both AAPL and BRK are far more potent when considered together than viewed separately. Such “double buybacks” are compounding on steroids in our view.In this article, we want to switch the focus entirely. We will argue A) why buying/adding AAPL around its current price (which translates to about 20x owners' earnings) is a no-brainer, and B) why owning AAPL via BRK is an even better idea.Both AAPL and BRK have posted strong Q3 earnings. The key results are shown in the two charts below, and I will dive into the highlights as we go. These strong results, when combined with the price corrections during Q3 due to (or thanks to) market volatilities, investors have some great opportunities to buy or add these perpetual compounders at enticing entry valuations.For AAPL, its TTM EPS as of Q3 2022 (i.e., its FY Q4) came in at $6.11 per share as you can see from the first chart below. Later, you will see that such accounting EPS underestimates its owners' earnings (“OE”), and its OE is around $7.18, which translates into a share price near ~$145 at a 20x OE multiple. And I kept telling my readers buying/adding stock like AAPL near or below 20x OE is a no-brainer. Stocks like AAPL (or BRK) are quintessential examples of equity bonds as explained in my earlier article because:To me, any valuation near or below 20x OE is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 20x OE would provide about 5% owners earnings yield, leading to a total return in the double digits. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10%+ annual return is ~3x of what you can get from bonds in the long term.In this article, I will focus on an alternative way to own AAPL, a sort of backdoor, through BRK. And I will explain why owning AAPL this way is even more attractive under current conditions. And this brings me to the financials of BRK, as shown in the second chart in this section.BRK reported strong operating results for Q3 also and is on pace for a solid 2022. Operating earnings per share, which excludes capital gains and losses from the investment portfolio, clocked in at $3.00 in Q3, translating into an annual growth rate of almost 20% YOY. This was particularly impressive considering that its insurance segment suffered higher-than-usual operations losses due to hurricane Ida, Ian, and also the floods in Europe. The remainder of this analysis also will involve its balance sheet, which is posted below. And a couple of highlights relevant to the subsequent analyses:All my following per-share numbers for BRK (e.g., OE, equity, cash, et al) are quoted per Berkshire Hathaway B share, not A shares. Given that the focus here is on the financial (not voting power), the analysis should be perfectly applicable for A shares.Its equivalent Class B shares outstanding is taken to be 2.2B shares according to its most recent 10-K filing. The market value of its equity investment portfolio is taken from dataroma. And as of this writing, the portfolio value is reported to be $296.1B, slightly below the $306B shown in its 10-K below due to market fluctuations since the filing.With these parameters, let’s dive in and see how we can own AAPL through BRK at an effective PE of ~12x or below.AAPL’s EPS and OESince we are analyzing AAPL and BRK, it's only fitting to start with a quote from Warren Buffett on the difference between accounting EPS and owners' earnings (“OE”). The following is taken from Berkshire Hathaway's 1986 annual report (slightly edited with emphases added by me):These represent (“a”) reported earnings plus (“b”) depreciation, depletion, amortization, and certain other non-cash charges...less (“c”) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (“c”) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (“a”) plus (“b”) - but do not subtract (“c”).The key is to estimate item c, and my analysis of item c for AAPL is shown in the table below. This table is based off Bruce Greenwald’s method (detailed in his book Value Investing) to separate maintenance capex and growth capex. Readers interested in the details could find them in my earlier article or his book.To wit, AAPL’s TTM accounting EPS came in at $6.11 per share as aforementioned. However, its OE is about $7.18 per share, about 18% higher. The reason for this higher OE is the accounting EPS considered all CAPEX to be a cost, while only the maintenance capex should be considered as costs as Buffett explained above. In AAPL’s case, the discrepancy should be obvious as its accounting EPS is even lower than its FCF (free cash flow) by about 13%, and then even the FCF is an underestimate of the true OE (again because the FCF calculation also considered all the capex expenses to costs). The third column in the table shows my forecast for the next year. And as you can see, the OE for Apple in the next year is projected to be $7.33 per share.All told, Apple's accounting PE is about 23x, a number all AAPL investors must be very familiar with. However, once you consider its OE, then the multiple is actually on the order of 20x for this year and slightly below 20x on an FW basis.Then finally, remember that Apple also carries a net cash position on its balance sheet (about $2.27 per share under its current conditions). Once you adjust the cash position too, its OE PE is on the order of 19.9x for this year and only 19.5x for next year.And in the next section, we will see how we can do even better through BRK.Backdoor AAPL via BRKAs mentioned earlier, the market value of BRK’s equity investment portfolio (based on dataroma) is at $296.1B As of this writing. AAPL is the largest position and is valued at $123.6B. So BRK’s equity investment excluding AAPL is worth about $173B, or $77 per share. The market capitalization for BRK is about $701B ($315 share price). Then also recall from its balance sheet, we know that there is $109 billion worth of cash sitting on its ledger.Putting all these above numbers together, we can show that:If we take out all the other equity investments except AAPL and the cash, BRK’s adjusted market cap is $420B (or $189 per share). This means if we buy BRK shares at $315 and then liquidate the cash and all other equity investments except AAPL, we effectively paid $189 for each BRK share only.Why does this $189 buy us then? First, we bought all the AAPL shares that BRK owns. As of this writing, BRK owns a total of 894.8 million shares of AAPL, translating into 0.40 AAPL shares contained per BRK share. BRK has been consistently buying back its own shares. And I project this trend to continue. Extrapolating its share repurchase from the previous quarters, the AAPL shares contained in each BRK share would increase to 0.41 next year as shown.Second, we also bought all the BRK operating segments too, which is what we will examine next.AAPL’s ownership PE via BRKBRK is projected to earn $12.9 per share of operating income in 2022, although 2022 may not be the most representative year. My best estimate for its normalized operating income is about $12 per share (or $26.7B in total), which is the assumption that I used in the analysis shown in the following table.Now just as established above, if we buy BRK shares at $315, we are effectively buying 0.40 AAPL shares (or 0.41 on an FW basis) and all the BRK operating segments for $189. The BRK operating segments would provide earnings of $12 per share as assumed above, and the 0.4 AAPL shares would provide an OE of $2.88 (=0.40*$7.18). Thus, we paid $189 and got a total of $14.88 per share of OE ($12 from BRK operations plus $2.88 from AAPL). On an FW basis, the earnings would further increase to $15.13 per share due to a combination of AAPL earnings growth and BRK’s share repurchases as discussed above.Now, how you compute the PE multiple here depends on how you value BRK’s operating income. The last row of the table shows an aggregated average, a sort of effective \"ownership\" PE of AAPL and BRK together, which turned out to be 12.7x based on 2022 financials and 12.1x on an FW basis.If BRK’s operating income is priced at a 15x multiple – a quite reasonable multiple in my view, then BRK’s operating income would be worth $180 per share. Hence, we would be paying only $9 ($189-$12*15) for the 0.4 AAPL share, which provides $2.88 of OE. This means we would be owning the AAPL shares at a PE of about 3.1x only.Risks and final thoughtsSpecific risks for AAPL or BRK have been thoroughly discussed in other SA articles (including some of our own), and I won’t further add them here. Here I will focus on the risks and limitations associated with the particular backdoor idea described in this article.BRK’s cash position. In this analysis, I assumed that you could liquidate all the cash on its ledger. But of course, a good part of the cash is insurance float and cannot be liquidated (at least cannot be entirely liquidated). But there also are good reasons behind the approach that I used – at least as a thought experiment to analyze the financials and valuation. After all, cash is cash. If you buy BRK completely, every $1 in the insurance float still counts as $1.Worth of BRK’s equity portfolio. The market valuation of BRK’s equity portfolio is always a moving target and changes on a daily basis with the market volatilities. Hence, there is some uncertainty here too. As aforementioned, the current portfolio value of $296.1B is already below the $306B disclosed in its 10-K back in September.Nonetheless, it’s always better to be approximately right than precisely wrong. And the bigger picture I see here are:Owning a perpetual compounder like AAPL near or below 20x OE is a no-brainer to me. And under Apple’s current conditions, with the cash position and underestimation of accounting EPS adjusted, a ~$145 stock price should translate into a 20x OE or below.The discrepancy between accounting PE and OE PE is even larger than BRK. And once these discrepancies are corrected, we can own Apple shares with an effective “ownership” PE through BRK at heavy discounts. The exact discounts depend on how your value BRK’s operating income, which can lead to an ownership PE of AAPL in the range of ~12x to free based on my analyses.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174107776,"gmtCreate":1627084173695,"gmtModify":1703483838608,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"BioNTech got its formula right for the vaccine.&nbsp;","listText":"BioNTech got its formula right for the vaccine.&nbsp;","text":"BioNTech got its formula right for the vaccine.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174107776","repostId":"2153983997","repostType":4,"isVote":1,"tweetType":1,"viewCount":1285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094640682,"gmtCreate":1645143556104,"gmtModify":1676534002067,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"Opportunity for those that want to get SHOP","listText":"Opportunity for those that want to get SHOP","text":"Opportunity for those that want to get SHOP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094640682","repostId":"2212921612","repostType":4,"isVote":1,"tweetType":1,"viewCount":1500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804221305,"gmtCreate":1627959253607,"gmtModify":1703498622907,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"First Alibaba, Now Tencent. Who will be next?&nbsp;","listText":"First Alibaba, Now Tencent. Who will be next?&nbsp;","text":"First Alibaba, Now Tencent. Who will be next?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804221305","repostId":"1147488941","repostType":4,"isVote":1,"tweetType":1,"viewCount":1735,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","crmLevel":12,"crmLevelSwitch":0,"idStr":"3582764273979695","authorIdStr":"3582764273979695"},"content":"They had to convene an urgent meeting with the banks recently due to the panic sell-off. Shouldn’t they take a backseat for some time? ?","text":"They had to convene an urgent meeting with the banks recently due to the panic sell-off. Shouldn’t they take a backseat for some time? ?","html":"They had to convene an urgent meeting with the banks recently due to the panic sell-off. Shouldn’t they take a backseat for some time? ?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188029369,"gmtCreate":1623417035951,"gmtModify":1704203038610,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"Alibaba is better buy?","listText":"Alibaba is better buy?","text":"Alibaba is better buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/188029369","repostId":"1195128984","repostType":4,"isVote":1,"tweetType":1,"viewCount":934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179417285,"gmtCreate":1626571296147,"gmtModify":1703761799504,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"Trying to grow its subscribers&nbsp;","listText":"Trying to grow its subscribers&nbsp;","text":"Trying to grow its subscribers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/179417285","repostId":"2152897876","repostType":4,"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163217239,"gmtCreate":1623886083721,"gmtModify":1703822327720,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"QE ending soon","listText":"QE ending soon","text":"QE ending soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/163217239","repostId":"2144270718","repostType":4,"isVote":1,"tweetType":1,"viewCount":1012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183897019,"gmtCreate":1623319659231,"gmtModify":1704200795407,"author":{"id":"3561593321242476","authorId":"3561593321242476","name":"CharlesW","avatar":"https://static.tigerbbs.com/7e2dd0db13607e6749ee804b823bf5b4","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561593321242476","authorIdStr":"3561593321242476"},"themes":[],"htmlText":"Tech going ballistic?&nbsp;","listText":"Tech going ballistic?&nbsp;","text":"Tech going ballistic?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183897019","repostId":"1128810191","repostType":4,"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}