Central to my long thesis on Grupo Chedraui is a rollout of the Smart & Final cash and carry grocery warehouse format. This 254-store warehouse retailer (think of a smaller version of Costco specializing in groceries and food supplies without…
Yearly Archives: 2022
Grupo Comercial Chedraui (CHDRAUIB-MX, $3.19 USD) Quietly Discloses First New Location for the “SMART & FINAL” Cash and Carry Retail Chain.
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Gnostic Capital Global Large Cap Portfolio Return for the Quarter Ended 09/30/22.
The Gnostic Capital Portfolio return for the fiscal quarter ended September 30th, 2022, was -3.1%. On June 30th, the portfolio was valued at $594.77 USD per share and on September 30th, the portfolio was valued at $576.60 per share. For…
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Today’s Bank of England Bond Intervention Confirms Central Banks are Committed to an ORDERLY Economic Slowdown.
“The Bank of England said it will buy long-dated British government bonds to “whatever scale is necessary” in order to restore orderly market conditions.” https://www.washingtonexaminer.com/policy/economy/bank-england-bond-buying-crash Central banks are keenly aware that one of the systemic risks that can occur due…
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The Costco Wholesale Corporation’s (COST-NASDAQ, $470.73) Self-Inflicted, Terribly Company Specific Q4 2022 and Fiscal 2022 Earnings Failure.
By Costco standards, the Q4 earnings conference call represented a woodshed beat-down. During the call Q&A, not a SINGLE analyst congratulated Costco on the quarterly result. Rather, the tone of the questioning, by Wall Street standards, was more along the…
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Combating Headline Food Inflation Will Remain Challenging Through 2023.
“Use only that which works and take it from any place you can find it.” (Lee Jun-fan) Central banks, belatedly, have adopted THE key revisions to monetary supply in order to dampen inflation. US M2 peaked in March 2022 at…
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