Co-host of @ifb_podcast. Founding publisher of Value Spotlight, our flagship newsletter service for investors.
Joined March 2013
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Andrew Sather retweeted
The "Non-Cyclical" Commodity Secret?
Most commodities like copper are volatile. But aggregates (concrete materials) offer rare organic growth.
Why? Fixed supply of quarries + tough government permits = long-term pricing power. That was my lightbulb moment!
Andrew Sather retweeted
Brazil has a population of almost 213 million people and a low debt to GDP of 77.5%. So far in the first quarter (August 2025), real GDP grew 5.7% on an annualized basis form the previous quarter according to Deloitte.
How the country's payments usage is creating huge opportunities:
Andrew Sather retweeted
Pay attention to what companies stop talking about.
Example: PayPal used to highlight user growth—then suddenly stopped. Analysts noticed, management stumbled, and the stock began to slide.
When key metrics disappear, it’s often a yellow flag.
Andrew Sather retweeted
Small-cap stocks have outperformed large-cap stocks by 4% per year over the past century.
Why? They grow faster and have more upside.
Now imagine combining small caps with quality characteristics. That’s the formula for phenomenal performance.
Andrew Sather retweeted
Is it ever forgivable when ROIC < WACC?
Case study: $AMD
Andrew Sather retweeted
The fact that Meta has retained a FLAT ROIC, with the following growth rates in Invested Capital (of course burning $69B, nice, in Reality Labs along the way)
2024: 42%
2023: 42%
2022: 24%
🤯
The fact that Meta has retained a FLAT ROIC, with the following growth rates in Invested Capital (of course burning $69B, nice, in Reality Labs along the way)
2024: 42%
2023: 42%
2022: 24%
🤯
Andrew Sather retweeted
Is the carnage in Alibaba over?
ROIC seems to think so. Two things stand out after looking at 5 years of ROIC
Is the carnage in Alibaba over?
ROIC seems to think so. Two things stand out after looking at 5 years of ROIC
Andrew Sather retweeted
Top Quintile ROIC = Steady Compounding
Case in point, $WSO
Shares up +19% annually since IPO in 1989.
Top Quintile ROIC = Steady Compounding
Case in point, $WSO
Shares up +19% annually since IPO in 1989.
Amazon's ROIC has officially crossed over its WACC (again).
This with 25% YOY growth in Invested Capital.
🤯
P.S. Want to grow as an investor?
Unlock the secret to assessing the profitability of Google, Microsoft, Amazon, and more using Return on Invested Capital (ROIC).
Learn the ins and outs of ROIC in 6 days for free.
Join here, it's free: einvestingforbeginners.ck.pa…
Andrew Sather retweeted
Amazon's ROIC has officially crossed over its WACC (again).
This with 25% YOY growth in Invested Capital.
🤯
Andrew Sather retweeted
Can ROIIC show us improvements in business model?
Checking $GM 's ROIC during EV transition
Can ROIIC show us improvements in business model?
Checking $GM 's ROIC during EV transition