Librarian Capital's Monthly Top Buys And Price Moves - November 2021

(Preview) Portfolio Strategy

Summary

• PayPal has moved to #1 in our Buy list. Shares have fallen 35% since their July peak, and we believe they can double by 2024 year-end.

• Visa has seen investor sentiment diverged from operational performance, with unfounded fears about new payment mechanisms.

• In U.S. Cable, Charter remains one of our highest-conviction calls with the potential to double, but we dropped Altice USA after Q3 results.

• Swedish Match has fallen 18.9% since October 26, and  trade at 17.8x P/E, hurt by a proposed new nicotine tax that likely will not happen.

• Meta Platforms (formerly Facebook) has had an eventful two months, but its strengths make us expect an 82% upside by 2024 year-end.

Introduction

This is part of a monthly series where we seek to identify the most attractive opportunities in our research coverage each month, by highlighting notable share price moves and rating changes. The series also provides a track record of our investment ideas, alongside our monthly fund updates.

You can read the full a…