Share this page!

Frank Taber Profile picture
Twitter logo
23 Dec, 7 tweets, 3 min read
Thread/

Below is a list of five of the best investing Twitter accounts and what you can expect if you follow them.

I’ve also included an introductory thread from each to give you a taste. You will learn a lot following these guys.

Enjoy!
1/

@10kdiver

Great detailed, deep dive threads on some of the more complex or misunderstood concepts of investing. Always enjoyable threads full of great visuals.
2/
@puppyeh1

Coverage and commentary on a range of different asymmetric opportunities. Plenty of special situations and illiquid securities. Plus some honest opinions, no holding back.
3/
@StockJabber

One of the best newsletters in the investing world. Exposing corporate misconduct and being overly bullish on $TWTR. Always great content from Edwin.
4/
@Investmentideen

I had to put an underdog in. Paul has possibly the most underrated account on Fintwit. Don’t let the follower count fool you on this one. Great commentary on special situation and small-caps around the world.
5/
@marketplunger1

Great commentary, threads & retweets on all types of things. Plus he will keep you updated with his podcast, which is also a must.
End/

Like & retweet if you also get value from these accounts. Spread the word.

If some of these accounts are new to you, I hope you enjoy.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Frank Taber

Frank Taber Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @frankinvesting

Frank Taber Profile picture
25 Dec
Thread/

$TCEHY announced that they are giving shareholders their ~18% stake in $JD as a special dividend, which is a 3% yield. Shareholders receive one JD share for every 21 Tencent shares they own.

Here’s why this is even better than it might seem at first glance…
1/
This one off special dividend could potentially be the first of many for Tencent over the long-term. I have seen some commentary online calling this ‘a move out of the $IAC playbook’..

More specifically it’s a homage to the great Barry Diller.
2/
The idea of this is pretty exciting for $TCEHY shareholders. But probably even more exciting for $PROSY shareholders.

Just to give some context for those who are unfamiliar… Here is the Barry Diller & $IAC playbook in a nutshell:
Read 12 tweets
Frank Taber Profile picture
24 Dec
1/
$BABA in their most recent investor presentation reported the China cloud market size in 2020 at $32B of which they have a market share of ~30% which equated to $11B in revenues FY21.

Now here’s where it gets pretty crazy …
2/

They estimate the China cloud market size in 2025 to be $154B which is a 37% CAGR.

If $BABA maintain ~30% market share that will be $46B in revenues from the cloud business in FY25. Over 4x the current revenue for Alibaba cloud.
3/
Western cloud businesses like AWS and Azure are valued at ~15x sales or more by most analysts.

An equivalent multiple to $BABA cloud in 2025 would give a value of $693b which is over double the current market cap for Alibaba.
Read 4 tweets
Frank Taber Profile picture
22 Dec
1/
If you want to take advantage of low prices in China I think $TCEHY is the best bet. $BABA is slightly cheaper, but Tencent is higher quality with better management imo. Both trade at ~10-12x NTM earnings if you back out investments and cash.
2/

Both have regulatory risks, maybe slightly less so for $TCEHY since they are somewhat globally diversified through the investment portfolio.

$BABA has huge upside (uncertain) with their market leading cloud business. But Tencent could benefit from their own cloud as well.
3/

$TCEHY core business offers slightly more growth imo. But again, depends on how $BABA cloud works out for overall growth.

If I had to choose, I’d prefer my money with Pony Ma. Although I’ve got a bet on both horses in the race.
Read 4 tweets
Frank Taber Profile picture
4 Oct
1/
$TCEHY back-of-envelope valuation

10yr FCF per share CAGR of 31%
10yr EPS CAGR of 34%
10yr median FCF margin of 34%
ROIIC 59.4%
Reinvestment rate 41.7%

Investment portfolio value of ~$200B (conservatively).

LTM earnings $28.7B
Current Market Cap $564.4B
2/

That’s a P/E of 19.6

If we back out the investment portfolio value we get to just 12.6x earnings for the core business.

ROIIC * Reinvestment rate gets us to 25% growth. Let’s slow that down to 15% to be conservative.
3/
If we apply 15% growth to $81.2B LTM revenues we get to $163.2B in 5Y.

Median 10yr FCF margin is 34%, let’s use just 25% to be conservative again.

That gives us a FY26 FCF of $40.8B
Read 5 tweets
Frank Taber Profile picture
28 Sep
Thread/

$TCEHY & the gaming crackdown in China.

One of the main reasons for Tencent’s 40% share price decline since February, is the CCP’s crackdowns on the gaming industry.
1/
The crackdown includes a restriction for all minors ‘under 18’ being limited to only 3 hours of playing video games per week.

They have 1 hour on Friday, Saturday & Sunday between 8-9pm, which is being monitored by a face scan from gaming companies such as $TCEHY
2/
At first, this seemed like horrible news for Tencent and the media has loved to make it seem that way.

However, after taking a deeper look I think the impact to $TCEHY is actually quite minimal.
Read 10 tweets
Frank Taber Profile picture
17 Sep
Thread/ 5 investing 'checklist' items.

I don't personally use or follow a strict checklist. I certainly don't think it could be used as a screening tool. But here are some general criteria I like to see in an investment.
1/ A founder-led/owner operator business with high insider ownership & a focus on long-term, intrinsic value per share growth. Ideally I'd like the CEO to have a majority of their net worth invested in the company.
2/ A sustainable competitive advantage & moat. Preferably in an industry with high barriers of entry, a low cost production advantage & pricing power. Ideally they are able to disrupt the industry.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @frankinvesting has new unrolls!

Check out other threads from @frankinvesting!

Read all threads by @frankinvesting

:(