The Amazon and UPS of China

JD.com is a new investment for Saber Capital, and other than a few small special situations, it's the first core investment I've made since January. JD is one of the two dominant online retailers in China. Unlike Alibaba, it operates an Amazon-style business of owning...

Taro Update

Taro reported their latest quarterly results on Tuesday evening.  Despite the sharp increase in stock price on Wednesday, John and I have both changed our minds on this company's prospects and thus have decided to sell. The thesis rested on a reliable business with a...

Simple Businesses: Flooring Edition

In the near future, I would like to discuss my (and partially John's) approach to filtering by using the S&P 500. One company I was researching as I was thinking about my filters was Floor and Decor (although it isn't in the S&P 500). As a short introduction...

A Bargain Small-Cap in the UK

Vertu Motors (ticker is VTU in London) is one of the cheapest stocks I’ve seen in a while. Vertu owns 124 car dealerships in the UK. I’ve been studying the US dealership owners over the last few months, and I’m still looking at the UK market, but I thought I’d share...