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Book Review and Notes on 100-1 in the stock Market

100 to 1 in The Stock Market – Thomas Phelps Notes

Oct 12, 2024
Written in 1972, 100 to 1 in the Stock Market by Thomas Phelps served as the inspiration for one of my favorite investing books by Chris Mayer. Below, I’ve compiled notes on Phelps’ book, primarily for my own reference and study, much like I did with Mayer’s book. The term 100-1 refers to a stock that increases 100 times its original investment. As I went through the book, I made chapter-by-chapter notes, summarizing what I saw as the key takeaways from each section.
Q3 2024 Portfolio update for my stock portfolio. Mokapu Capital

Q3 2024 Stock Portfolio Update

Oct 5, 2024
Summary of my Portfolio as of Q3 2024.
Ticker(STKS) Steakhouse Stock Pitch Investment

One Group Hospitality(STKS): Steaks and Hibachi

Sep 24, 2024
One Group Hospitality is a restaurant operator of 4 main brands that includes STK a high end steakhouse, Kona grill a sushi grill bar, and recent additions Benihana and RA Sushi. The company over the past two quarters as been struggling as same store sales numbers have turned negative year over year and on top of that the companies acquisition of safflower holdings which was the holding company of Benihana and RA sushi has saddled the company with a lot of debt in a not so great interest rate environment. On the positive side, the company’s two main brands STK and Benihana have excellent unit economics with stores averaging 20% restaurant level operating margins.
VINCI PARTNERS Q2 2024 STOCK UPDATE

Vinci Partners 2024 Annual Review

Sep 17, 2024
It’s been over a year since I last wrote about Vinci Partners(VINP) and so It’s time for an annual review. For the most part most of Vinci financials have improved from the last time I wrote about them even after adjusting for the Real. AUM increased R$6B from 2022 to 2023 but has remained flat in 2024. AUM growth would have been better but Vinci’s IP&S segment hasn’t been doing great, down from R$26B in Q2 2023 to $25B in Q2 2024. With R$4B in net outflows. Though the IP&S segment is only 25% of revenue. Management expects AUM to increase as rates in Brazil continue down. Other segments such as Infrastructure, private equity and credit are doing much better.
Onex 2024 Investment Review/Stock Pitch

Onex 2024 Annual Review

Aug 12, 2024
It’s been two years now since I first invested into Onex(TSE:ONEX) and it’s been a bumpy ride bottoming in late 2023 at $59 CAD vs the current price of $96 CAD. Since my last article things operating wise have been much more stable though not exactly positive. On the positive side PE portfolio performance and invested capital per share growth both improved over the prior year. But the FEAUM is slightly down and FRE is still negative.