Archive - Librarian Capital's Research Library

L’Oréal: 2025 Results (Quick Note)

2025 results were stronger than headlines; this is a defensive asset with no AI risk.

13 hrs ago • Librarian Capital

British American Tobacco: Saved by the Pouch

Velo Plus had dramatic share gains in the U.S., but the rest of BAT needs a closer look.

Feb 15 • Librarian Capital

Librarian Capital's Monthly Letter - January 2026

We make significant changes, based on our 2025 review and taking advantage of AI-driven market dislocations.

Feb 11 • Librarian Capital

Philip Morris: Prepare for a Slower 2026

U.S. ZYN volumes have stalled, and 2026 growth is expected to be lower due to “transitory headwinds”.

Feb 8 • Librarian Capital

Alphabet: Q4 2025 Results (Quick Note)

Revenue growth accelerated again in Q4, though an expected doubling of CapEx weighed on the shares.

Feb 6 • Librarian Capital

Altria: Q4 Results Marked Stabilization (for Now)

Cigarette volume decline decelerated again, and Oral Tobacco returned to revenue growth.

Feb 1 • Librarian Capital

January 2026

Microsoft: Q2 FY26 Results (Quick Note)

Shares down 10%+ after results to 2024 levels, even with no real bad news.

Jan 30 • Librarian Capital

Librarian Capital's Monthly Letter - 2025 Year End

Our model portfolio had a third year of double-digit gains. We discuss performance, strategy and macro.

Jan 24 • Librarian Capital

Microsoft: Business Momentum Has Continued; Valuation Uplift Hasn't

Ongoing double-digit EBIT growth, but shares down 17.8% from October peak, and P/E now lower than a year ago.

Jan 15 • Librarian Capital

Greggs: Q4 2025 Update (Quick Note)

The most shorted U.K. company now expects stable profits in FY26, even with weak macro. P/E is 13x.

Jan 9 • Librarian Capital

Whitbread: A Budget Hotel, But Not a Bargain Stock

Corvex owns 6% (~$350m) and seeks Board seats, with the multi-billion property portfolio a key focus.

Jan 5 • Librarian Capital

December 2025

British American Tobacco: 2025 Year-End Review (Quick Note)

Shares have gained 65% in Dollars year-to-date, after Velo Plus grew by a triple-digit percentage in the U.S.

Dec 28, 2025 • Librarian Capital

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