Michael Szumielewski
@szumi.bsky.social
Full-time investor · Investing in quality companies when they are temporarily undervalued · Portfolio: https://www.etoro.com/people/caridinacapital
I recently removed all drug manufacturers from my selection of high-quality companies. Apart from the issue of inevitably losing revenue due to patent expirations, shareholders in pharmaceutical companies are always at risk of disappointing drug trial results. See $NVO today.
December 20, 2024 at 5:06 PM
I recently removed all drug manufacturers from my selection of high-quality companies. Apart from the issue of inevitably losing revenue due to patent expirations, shareholders in pharmaceutical companies are always at risk of disappointing drug trial results. See $NVO today.
Told ya 😎 Instead of a takeover of $HSY, $MDLZ approved a $9B share repurchase program of its stock. Good for shareholders, especially at this price.
$MDLZ is exploring a takeover of $HSY It's rare that a company from my list is targeted in a merger deal, as I mainly invest in large-cap companies.
IMO, unlikely to happen. The Hershey Trust has a history of voting against takeover offers.
Maybe Mondelez can try to buy MrBeast's chocolate company 😬
IMO, unlikely to happen. The Hershey Trust has a history of voting against takeover offers.
Maybe Mondelez can try to buy MrBeast's chocolate company 😬
December 11, 2024 at 2:12 PM
Told ya 😎 Instead of a takeover of $HSY, $MDLZ approved a $9B share repurchase program of its stock. Good for shareholders, especially at this price.
$MDLZ is exploring a takeover of $HSY It's rare that a company from my list is targeted in a merger deal, as I mainly invest in large-cap companies.
IMO, unlikely to happen. The Hershey Trust has a history of voting against takeover offers.
Maybe Mondelez can try to buy MrBeast's chocolate company 😬
IMO, unlikely to happen. The Hershey Trust has a history of voting against takeover offers.
Maybe Mondelez can try to buy MrBeast's chocolate company 😬
December 9, 2024 at 6:18 PM
$MDLZ is exploring a takeover of $HSY It's rare that a company from my list is targeted in a merger deal, as I mainly invest in large-cap companies.
IMO, unlikely to happen. The Hershey Trust has a history of voting against takeover offers.
Maybe Mondelez can try to buy MrBeast's chocolate company 😬
IMO, unlikely to happen. The Hershey Trust has a history of voting against takeover offers.
Maybe Mondelez can try to buy MrBeast's chocolate company 😬
As $AMZN makes new all-time highs today, let's take a look at Amazon's ad business: the company has generated $53.6B in the last 12 months from advertising alone. That's high-growth, high-margin revenue, a segment they created in just a few years. Incredible execution 👌
December 6, 2024 at 4:34 PM
As $AMZN makes new all-time highs today, let's take a look at Amazon's ad business: the company has generated $53.6B in the last 12 months from advertising alone. That's high-growth, high-margin revenue, a segment they created in just a few years. Incredible execution 👌
Apple stock looks weird to me right now. $AAPL has bearly grown revenues and earnings in the last 3 years, yet the valuation is historically high compared to the last 10 years 🤷♂️
December 5, 2024 at 8:10 PM
Apple stock looks weird to me right now. $AAPL has bearly grown revenues and earnings in the last 3 years, yet the valuation is historically high compared to the last 10 years 🤷♂️
With the bull market rising, $BLK reaches a record $11.475 trillion in AUM. However, it might be time to trim the position a bit soon because the stock valuation is getting relatively high, already approaching its peak from 2021.
October 22, 2024 at 4:36 PM
With the bull market rising, $BLK reaches a record $11.475 trillion in AUM. However, it might be time to trim the position a bit soon because the stock valuation is getting relatively high, already approaching its peak from 2021.
$ISRG is a fantastic company firing on all cylinders. Its Da Vinci Systems are a great source of recurring revenue.
The market knows this, as the stock is horrendously overvalued right now, with a price-to-sales ratio of 23.5. It would have been a great long-term buy in 2022.
The market knows this, as the stock is horrendously overvalued right now, with a price-to-sales ratio of 23.5. It would have been a great long-term buy in 2022.
October 19, 2024 at 1:31 PM
$ISRG is a fantastic company firing on all cylinders. Its Da Vinci Systems are a great source of recurring revenue.
The market knows this, as the stock is horrendously overvalued right now, with a price-to-sales ratio of 23.5. It would have been a great long-term buy in 2022.
The market knows this, as the stock is horrendously overvalued right now, with a price-to-sales ratio of 23.5. It would have been a great long-term buy in 2022.
The first trillion-dollar company from the U.S. was $AAPL in August 2018, followed by $AMZN just a month later. With the bull market in full swing, $TSM joined the trillion-dollar club yesterday 🎉
Which company will be next?
Which company will be next?
October 18, 2024 at 2:36 PM
The first trillion-dollar company from the U.S. was $AAPL in August 2018, followed by $AMZN just a month later. With the bull market in full swing, $TSM joined the trillion-dollar club yesterday 🎉
Which company will be next?
Which company will be next?
Just sold my positions in $KEYS for a +6% gain. Keysight is a great company but currently suffers from weaker demand across its served markets.
I had no margin of safety since I bought a bit too high, so taking advantage of a buzzing stock market and looking to buy in again at a far better price.
I had no margin of safety since I bought a bit too high, so taking advantage of a buzzing stock market and looking to buy in again at a far better price.
July 11, 2024 at 2:33 PM
Just sold my positions in $KEYS for a +6% gain. Keysight is a great company but currently suffers from weaker demand across its served markets.
I had no margin of safety since I bought a bit too high, so taking advantage of a buzzing stock market and looking to buy in again at a far better price.
I had no margin of safety since I bought a bit too high, so taking advantage of a buzzing stock market and looking to buy in again at a far better price.
It's done, $TMO has been cleared to acquire Swedish biotech company $OLK. That's a +6.4% return / +16.2% annualized return for me and win 4/4 on merger arb deals.
Merger arbitrage is a great strategy if you pick reasonable deals and be patient 👌
Merger arbitrage is a great strategy if you pick reasonable deals and be patient 👌
July 9, 2024 at 3:27 PM
It's done, $TMO has been cleared to acquire Swedish biotech company $OLK. That's a +6.4% return / +16.2% annualized return for me and win 4/4 on merger arb deals.
Merger arbitrage is a great strategy if you pick reasonable deals and be patient 👌
Merger arbitrage is a great strategy if you pick reasonable deals and be patient 👌
Time for a victory lap: +1034% on $NVDA as of today in my public portfolio. Bought this tenbagger at the correct buy point according to my quality investing strategy almost at the low in Sept 2022. Perfect time to buy if you know what a quality company looks like.
June 20, 2024 at 4:14 PM
Time for a victory lap: +1034% on $NVDA as of today in my public portfolio. Bought this tenbagger at the correct buy point according to my quality investing strategy almost at the low in Sept 2022. Perfect time to buy if you know what a quality company looks like.
Started a small position in $CSGP at $72 today. CoStar is a fantastic wide moat company which is beaten down because of its recent residential marketplace investments which IMO will work out great in the long run. Hoping for the stock to go down a bit further to pick up more shares.
June 18, 2024 at 5:43 PM
Started a small position in $CSGP at $72 today. CoStar is a fantastic wide moat company which is beaten down because of its recent residential marketplace investments which IMO will work out great in the long run. Hoping for the stock to go down a bit further to pick up more shares.
You had the chance to buy $UNH at a rare price level during the last two weeks. Today, the stock is up +6.5% on a solid earnings report and might not revisit these lows.
From time to time, quality companies offer good price entries on seemingly bad news, I like to take advantage of that.
From time to time, quality companies offer good price entries on seemingly bad news, I like to take advantage of that.
April 16, 2024 at 2:01 PM
You had the chance to buy $UNH at a rare price level during the last two weeks. Today, the stock is up +6.5% on a solid earnings report and might not revisit these lows.
From time to time, quality companies offer good price entries on seemingly bad news, I like to take advantage of that.
From time to time, quality companies offer good price entries on seemingly bad news, I like to take advantage of that.
$CRM down -7% on rumors of a potential $INFA acquisition, nobody seems to like this. I thought Salesforce was done acquiring unprofitable companies at inflated prices, it looks like we might be in for a relapse 🤷♂️
April 15, 2024 at 8:30 PM
$CRM down -7% on rumors of a potential $INFA acquisition, nobody seems to like this. I thought Salesforce was done acquiring unprofitable companies at inflated prices, it looks like we might be in for a relapse 🤷♂️
Added a bit to my $ZTS position at $150, I just love it when the media gives us great entry prices on quality companies with some wild speculative articles.
April 12, 2024 at 2:13 PM
Added a bit to my $ZTS position at $150, I just love it when the media gives us great entry prices on quality companies with some wild speculative articles.
Added a bit to my $UNH position at $461. Planned holding period: forever. Thank you, Mr. Market 👍
Let's see if we finally get a pullback in $SPY, about time.
Let's see if we finally get a pullback in $SPY, about time.
April 2, 2024 at 1:43 PM
Added a bit to my $UNH position at $461. Planned holding period: forever. Thank you, Mr. Market 👍
Let's see if we finally get a pullback in $SPY, about time.
Let's see if we finally get a pullback in $SPY, about time.
Spent the day analyzing the waste management industry and I'm adding $WM to my list of high-quality companies. I also like $RSG and $WCN but decided to go with the largest company. Due to regulatory reasons, it seems to be hard to open new landfills and Waste Management has the dominant position.
March 28, 2024 at 9:06 PM
Spent the day analyzing the waste management industry and I'm adding $WM to my list of high-quality companies. I also like $RSG and $WCN but decided to go with the largest company. Due to regulatory reasons, it seems to be hard to open new landfills and Waste Management has the dominant position.
Portfolio Update (YTD, total return)
Portfolio +8.26%
$SPY +10.00%
$QQQ +9.14%
Good year so far. My positions in quality companies are paying off. However, I'm lagging behind the benchmark a bit since I'm holding a 30% cash position that I have not been able to redeploy at lower prices.
Portfolio +8.26%
$SPY +10.00%
$QQQ +9.14%
Good year so far. My positions in quality companies are paying off. However, I'm lagging behind the benchmark a bit since I'm holding a 30% cash position that I have not been able to redeploy at lower prices.
March 25, 2024 at 12:41 PM
Portfolio Update (YTD, total return)
Portfolio +8.26%
$SPY +10.00%
$QQQ +9.14%
Good year so far. My positions in quality companies are paying off. However, I'm lagging behind the benchmark a bit since I'm holding a 30% cash position that I have not been able to redeploy at lower prices.
Portfolio +8.26%
$SPY +10.00%
$QQQ +9.14%
Good year so far. My positions in quality companies are paying off. However, I'm lagging behind the benchmark a bit since I'm holding a 30% cash position that I have not been able to redeploy at lower prices.
Just finished reading the 88-page DOJ lawsuit against $AAPL and it's hot socialist garbage 🔥
The real problem for investors is the current valuation in light of their weak forward earnings estimates. That's why Apple is down -10% YTD vs $SPY being up +10%.
The real problem for investors is the current valuation in light of their weak forward earnings estimates. That's why Apple is down -10% YTD vs $SPY being up +10%.
March 22, 2024 at 2:00 PM
Just finished reading the 88-page DOJ lawsuit against $AAPL and it's hot socialist garbage 🔥
The real problem for investors is the current valuation in light of their weak forward earnings estimates. That's why Apple is down -10% YTD vs $SPY being up +10%.
The real problem for investors is the current valuation in light of their weak forward earnings estimates. That's why Apple is down -10% YTD vs $SPY being up +10%.
Reddit, a company that has never made a profit in the 18 years since its founding. But hey, maybe they will turn the ship around once they have sold you a few shares. Avoid.
$RDDT
$RDDT
March 21, 2024 at 2:51 PM
Reddit, a company that has never made a profit in the 18 years since its founding. But hey, maybe they will turn the ship around once they have sold you a few shares. Avoid.
$RDDT
$RDDT
As much as I love seeing my portfolio go up every day, I think it's time for the market to take a break. It's been 21 weeks without a meaningful pullback, at least a -5% correction would be normal.
So, I set up a hedge by buying $SPY puts and $VIX calls. Let's see what happens in the coming weeks.
So, I set up a hedge by buying $SPY puts and $VIX calls. Let's see what happens in the coming weeks.
March 21, 2024 at 2:37 PM
As much as I love seeing my portfolio go up every day, I think it's time for the market to take a break. It's been 21 weeks without a meaningful pullback, at least a -5% correction would be normal.
So, I set up a hedge by buying $SPY puts and $VIX calls. Let's see what happens in the coming weeks.
So, I set up a hedge by buying $SPY puts and $VIX calls. Let's see what happens in the coming weeks.
The European Commission approves the 28B $CSCO deal to acquire $SPLK at 157. That's a +4.2% return / +15.4% annualized return for me and win 3/3 on merger arbitrage deals. Now I need to find a new arb to invest in 🧐
March 14, 2024 at 2:05 PM
The European Commission approves the 28B $CSCO deal to acquire $SPLK at 157. That's a +4.2% return / +15.4% annualized return for me and win 3/3 on merger arbitrage deals. Now I need to find a new arb to invest in 🧐
Another merger arbitrage play closes today: $SOVO is getting delisted for its sale to $CPB
A very satisfactory return of +4.26% for my portfolio, coming in at a +22.85% annualized return. That makes it 2 out of 2 successful merger arbitrage deals since I started the strategy at the end of last year.
A very satisfactory return of +4.26% for my portfolio, coming in at a +22.85% annualized return. That makes it 2 out of 2 successful merger arbitrage deals since I started the strategy at the end of last year.
March 12, 2024 at 12:56 PM
Another merger arbitrage play closes today: $SOVO is getting delisted for its sale to $CPB
A very satisfactory return of +4.26% for my portfolio, coming in at a +22.85% annualized return. That makes it 2 out of 2 successful merger arbitrage deals since I started the strategy at the end of last year.
A very satisfactory return of +4.26% for my portfolio, coming in at a +22.85% annualized return. That makes it 2 out of 2 successful merger arbitrage deals since I started the strategy at the end of last year.
Bought a small 1.5% starter position in $UNH at $478. The cyberattack issues should be resolved soon. I'm also not concerned about the DOJ investigation. These giant companies get sued all the time. It's part of the game and in most cases the consequences are negligible.
March 8, 2024 at 4:31 PM
Bought a small 1.5% starter position in $UNH at $478. The cyberattack issues should be resolved soon. I'm also not concerned about the DOJ investigation. These giant companies get sued all the time. It's part of the game and in most cases the consequences are negligible.
Big Tech has generated a massive amount of free cash flow in the last twelve months, $337B in total:
$AAPL 106.86B
$META 43.84B
$GOOG 69.49B
$MSFT 67.44B
$AMZN 32.21B
$NVDA 17.51B
Growth going forward looks good and margins are also improving. Absolutely insane, tech is eating the world.
$AAPL 106.86B
$META 43.84B
$GOOG 69.49B
$MSFT 67.44B
$AMZN 32.21B
$NVDA 17.51B
Growth going forward looks good and margins are also improving. Absolutely insane, tech is eating the world.
February 13, 2024 at 6:16 PM
Big Tech has generated a massive amount of free cash flow in the last twelve months, $337B in total:
$AAPL 106.86B
$META 43.84B
$GOOG 69.49B
$MSFT 67.44B
$AMZN 32.21B
$NVDA 17.51B
Growth going forward looks good and margins are also improving. Absolutely insane, tech is eating the world.
$AAPL 106.86B
$META 43.84B
$GOOG 69.49B
$MSFT 67.44B
$AMZN 32.21B
$NVDA 17.51B
Growth going forward looks good and margins are also improving. Absolutely insane, tech is eating the world.