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L’Oréal: Shares Down 24% in 2024 on Short-Term China, Tax Fears
P/E is now ~28x, cheap for a business with such resilience and long-term growth.
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Librarian Capital
Croda: Poised for Rebound After Signs of Improvement in 2024
Shares are near a 5-year low, earnings should trough in 2024, and P/E is ~26x relative to these.
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Librarian Capital
Librarian Capital's Monthly Ranked Top Buys (December 2024)
Our "Select 15" portfolio is currently up 41.7% since the start of 2023, and we have our first double-bagger.
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Librarian Capital
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Zoetis: Down 10%+ in Past Year Despite Strong Year-to-Date Results
Animal health earnings algorithm is powering ahead, and concerns about Elanco rival launches may be overstated.
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Librarian Capital
British American Tobacco: Patient is “Stable” in Pre-Close Update
No real improvement since H1 results and challenges remain, but an 8% Dividend Yield gives some margin of safety.
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Librarian Capital
Brown-Forman: Why the 11% Rebound After Q2 FY25 Results?
We remain bullish on U.S. Spirits, but the results were less rosy than the headlines and tariffs are a risk.
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Librarian Capital

November 2024

Librarian Capital's Monthly Ranked Top Buys (November 2024)
Our "Select 15" portfolio is currently up 39.6% since the start of 2023. We exit one holding to bring back another.
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Librarian Capital
8
Imperial Brands: Was FY24 as Good as the Market Thinks?
We were too pessimistic about IMB’s cigarette business, but structural risks have not gone away.
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Librarian Capital
1
Procter & Gamble: A Safe Harbour from Potential Storms Ahead
Growth has been weaker recently, but for temporary reasons, and P&G remains well-placed against macro headwinds.
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Librarian Capital
Estée Lauder: Capitulation at Last after Q1 FY25 Results?
We may have reached the point of maximum pessimism, and there is “new” management with a free hand.
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Librarian Capital
Microsoft: Q1 FY25 Results Show Value Still Compounding
Shares down 10%+ since July, even as double-digit growth continues in all key metrics.
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Librarian Capital
Altria: Don’t be Fooled by Q3 Timing Effects
Shares bounced 7.8% today, on results arguably worse than last quarter’s; P/E now exceeds 10x.
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Librarian Capital
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