Archive - Librarian Capital's Research Library

Bunzl: Never a Real Growth Stock, Not Yet a Value Stock

Why we don’t like this supposed long-term compounder, even at less than 13x P/E.

Jul 4 •

Librarian Capital

Greggs: H1 2025 Profit Warning (Quick Note)

Company Update (GRG LN) (Buy): An expected EBIT decline in FY25 is unsurprising and likely one-off; June was impacted by a heatwave.

Jul 2 •

Librarian Capital

June 2025

Librarian Capital's Monthly Letter - May 2025

We review our macro positioning after the market rebound since May, and replace one stock in our model portfolio.

Jun 27 •

Librarian Capital

Croda: Likely Beneficiary if Oil Prices Spike Further (Quick Note)

Recovery was on track in Q1, and may even benefit if Middle East conflicts escalate.

Jun 24 •

Librarian Capital

Greggs: Down 12% Since Update Last Month (Quick Note)

Sales growth has improved since February, but shares seem to have been pushed down by macro “noises”.

Jun 23 •

Librarian Capital

Moody’s: A Wonderful Business at a Fair Price

We look at this key Warren Buffett and Chris Hohn holding, just as bond issuance is expected to shrink in 2025.

Jun 16 •

Librarian Capital

Diageo: New 5-Year Low & Q3 FY25 Update (Quick Note)

Sales grew 5.9% organically, while forward P/E is ~16x and the Dividend Yield is 4.0%.

Jun 8 •

Librarian Capital

Rémy Cointreau: FY25 Results (Quick Note)

This is a “beaten down” stock with high risk / high reward, but too speculative as an investment.

Jun 7 •

Librarian Capital

Brown-Forman: FY25 Results & FY26 Outlook Didn’t Warrant ~18% Fall

Bad macro from Trump policies looks worse with distortion from used barrel sales and distributor changes.

Jun 6 •

Librarian Capital

British American Tobacco: H1 2025 Pre-Close Update (Quick Note)

A mixed update befitting BAT’s <10x P/E and 7%+ Dividend Yield, with negative read-across for Altria.

Jun 3 •

Librarian Capital

May 2025

Intuit: High Growth, High P/E; Up 14% Since Q3 FY25 Results

Investors who paid for “quality” have been rewarded with a 25.7% price gain in the past year.

May 29 •

Librarian Capital

Chris Hohn Interview by Nicolai Tangen (Full Transcript)

With both interviewee and interviewer being exceptional investors, this is one of the best interviews on investing we have heard this year.

May 24 •

Librarian Capital

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