Kenvue

+++ News: Heated mood around US health insurers +++

The shares of well-known insurance companies such as $UNH (-1,3%) but also those of competitors $ELV (-1,77%)
$HUM (-2,36%) and $CI (+0,72%) have fallen surprisingly this week. Although the losses are limited, the reasons for this are more than just shocking.

As I reported earlier, the CEO of United Healthcare's insurance division was the victim of a targeted assassination. While the police are now investigating at full speed, the perpetrator is currently the target of downright hero worship on social media. The assassin is repeatedly equated with characters from pop culture such as Batman, Robin Hood or John Wick.

Insults against the victim and his family are also liked and shared thousands of times. It is not just the viciousness of the comments that is frightening - but the fact that, as is so often the case in such instances, the platforms simply let them stand.

Insurers' shares are currently falling because there are fears that there could be further murders of insurance employees. The management of the major insurance companies is alarmed and has hastily removed photos and other personal data of their "C-level executives" from their websites.

Commentary and classification: After the failed assassination attempt on Trump, I'm hardly surprised at the kind of people we're dealing with here. The same people who talk about democracy and human rights in every other sentence are the same people who are now calling for the assassination of their ideological opponents once again. Even a good ESG score doesn't help United Health against so much hatred.

From a purely shareholder perspective, this charged sentiment towards the banking and insurance sector is $JPM (+0,35%) is of course a systemic risk when investing. However, these are not necessarily particularly controversial sectors. Retailers $WMT (-0,63%) pharmaceuticals $PFE (+1,2%)
$CVS (-0,54%) consumer goods manufacturers $KVUE (+1,6%)
$BATS (-0,52%) defense companies $LMT (+2,98%) etc. could soon find themselves in the crosshairs.

If you really want to be absolutely sure of being invested in a politically correct way, simply put your money in Northvolt and make a 90% loss. This also ensures that you can "eat the rich" can no longer be meant.

>> Kenvue's quarterly figures -- Fresh breath thanks to Listerine? <<

Shares of Listerine mouthwash maker Kenvue rise 13.5 percent to $20.65 in morning trading - biggest percentage gain in the stock if earnings hold.

KVUE beats Q2 estimates, thanks largely to better-than-expected sales of essential health products.

The division reported Q2 sales of $1.26 billion, slightly above analysts' average estimate of $1.24 billion - LSEG data.

Co reported Q2 sales of $4.00 billion, beating analysts' estimates of $3.94 billion

The company reported organic sales growth of 1.5% versus analysts' consensus expectations of a 1.1% decline - brokerage J.P. Morgan. The brokerage says KVUE's organic revenue growth on better-than-expected volumes "was a relief to investors who we believe were expecting a weak print"

The company posted adj. earnings of 32 cents/shr, beating estimates by 4 cents.

KVUE, which came to market last year after its spinoff from Johnson & Johnson, was down 15.5% at the close.

$KVUE (+1,6%)

He still has the share, from the spin-off of $JNJ (-0,01%) ?

GERIT Investment Partnership ⛵️

⚜️ 2023 ⚜️

Annual summary:

(with this post I can delete all others from my profile)

January:

Not only that I getquin 🖤 at the beginning of January discovered no, I also learned more about Ted Weschler as a person, about his strategy and function at Berkshire Hathaway $BRK.B (+0,01%) at Berkshire Hathaway.

Based on the information that came out of the interview with him, I made the assumption that he was responsible for the purchase of Ally Financial $ALLY (-0,1%) purchase.

February:

"Shameless Cloning"

It was the time when I had been studying Mohnish Pabrai for months, his book "The Dhando Investor" and also copied Warren Buffett's sale of TSMC. $TSM (+0,97%) was also copied.

So the move was very obvious and my first Ally Financial $ALLY (-0,1%) shares found their way into the portfolio.

March:

Microsoft $MSFT (+1,32%) announces in the course of the takeover of Activision Blizzard $ATVI a "10-year legal agreement" with Nintendo $7974 (+0,99%) with Nintendo. Games such as Call of Duty will also be available on the Switch (2).

That was the first
milestone for my Nintendo investment case, which was released in December from the nostalgia out of nostalgia.

In March, however, there was another very special special
highlightwhich I will probably never forget:

I was on a Q&A Zoom call with Guy Spierwhom I studied very intensively alongside Warren Buffett & Charlie Munger, and it was through him that I came across Mohnish Pabrai in the first place. I was able to talk to him and also ask him a question.

On 15.03 another pleasant news in the media:

Canadian Pacific's $CP (-0,78%) $28 billion merger with Kansas City Southern was approved.

April:

In April, my job took me 6 weeks to the south of Bavaria, at the time I had no idea that it would be not the last visit.

Here I took part in the community "I'm doing so well, I drive several 100 kilometers to drink bad beer - Challenge" and luckilythanks to the good Bavarian beer, "failed".

May:

The first investmentsetback of the year and unfortunately not the last.

21.05. Sea Limited $SE (+3,68%) The share price fell from € 81 to € 64.50 after the quarterly figures.

There was also the first "Shameless Cloning" learning effect for me. So, although I did more research myself than with Ally Financial, Restoration Hardware $RH (+1,44%) from Ted Weschler (/Todd Combs) but this position was suddenly dropped from the Berkshire portfolio and I was able to (fortunately) with a small sell with a small profit.

June:

In June Oliver @EValueinvest ) from his trip to Omaha, Nebraska to visit the Berkshire Hathaway
$BRK.A (+0%)
Annual General Meeting and wrote a great article with lots of valuable tips about the event itself and went into detail about his highlights from the famous Q&A. In addition, he organized a little raffle where I won a baseball with the signatures of the two legends. two legends with the signatures of the two legends. I am still very grateful. 🙏🏻

July:

On 13.07 I have a small key figures & est. EPS analysis on Visa $V (-0,06%) and a "more speculative" / time-limited buy.

August:

My first investor meeting!

This took place with a handful of people in Hamburg, I took a lot with me, was able to make contacts and simply had a good time.

At that time, I made my first arbitrage investment, Johnson & Johnson $JNJ (-0,01%) spun off Kenvue $KVUE (+1,6%) and floated it on the stock exchange.

So far, the "stock market year" has gone very well..

but that should change at the latest the day Sea Ltd. once again reported quarterly figures that probably didn't suit the market at all. The management's events and direction were foreseeable or at least should not have been so negatively surprising.

The two most negative points were:

> further share dilution

(capital dilution)

> renewed focus on aggressive growth, at the expense of profitability.

The share reacted accordingly and fell to a new 52-week low of € 37.50.

Here I also bought again bought again. Time will tell whether I am right with the investment, at the moment it doesn't feel like it.

When I started the investment, I did have 2 years for an entry entrybut indisputably made mistakes, at least in the valuation at the time, and paid too much. I now have to go through this and stick to the long-term perspective hold on.

September & October:

"The calm before the storm."

November:

Was the worst month, not only did I have to go back to Bavaria for a few weeks, I also had to deal with a few things in my private life and somehow everything came at once.

I had to change my bank at short notice, had to struggle with my health (I injured myself doing sports, among other things) and my long-term relationship fell apart, with Bavaria being one of the main arguments, so the weekend before I went down almost 850 km, I had a bad move, commuting something over 1200 km back and forth and only eating McDonalds $MCD (+0,23%) only from McDonalds.

December:

finally vacation!

Spent 2 days with the family over Christmas and then from 27.12 to 06.01, spent the days in Denmark, New Year's Eve in Copenhagen and New Year's Day in the Airbnb beach house! 🌊🌊🏠 ❄️🇩🇰

Outlook 2024:

Stock market

There has been an update in the Nintendo investment case, a long-standing shareholder presented a comprehensive update in a Zoom call. It took two days to check all the figures, especially the theme park & movie division, as there was no longer a need to work with assumptions, as there are now relevant figures available.

This has now led to a major additional purchase at my fair value from 2022.

Professional

I am particularly looking forward to the professional outlook, so towards the end of the year I will be working for 4 months to Florida, USA 🇺🇸.

I remain excited, look forward to new challenges and am happy to be surprised again.

Private

I just want to concentrate on my health, get back into sport and take a break from work more often, eat out more, find an additional hobby and stop traveling. not forget about traveling. ✈️🌴!

Wishing you all an exciting 2024 and good health! ♥️

Yours
GERIT 🐅

Let's ask a question about $JNJ (-0,01%) ...

Shouldn't the share price move upwards after the spin-off of $KVUE (+1,6%) would it not be highly probable that the share price would move upwards because a large number of freely tradable shares would "disappear" in one fell swoop, thus reducing the supply?

Am I making a mistake in my thinking or do you see it similarly?

$JNJ (-0,01%) google just did not help me therefore the question to you:

Do you happen to know when the spin-off shares of $KVUE (+1,6%) are to be booked into the securities account? Or have I perhaps missed something?

The last time I knew, it was around August.