Welcome to another edition of TSOH Weekly Roundup.
Each update features a Chart of the Week, along with a brief discussion on three news items relevant to companies in the TSOH investable universe.
Chart Of The Week (from “Celsius: The Pepsi Put”)
Three Notable Items
“Meta Settled Its Child Safety Lawsuit. Now Comes The Hard Part.”
Following the settlement announced two weeks ago, this CNBC video examines the specific changes that Meta will implement for young users to live up to the terms of the deal with nearly every U.S. state (daily time limits, time based default blocks, muted notifications during school hours, etc.).
California Attorney General Rob Bonta: “We’re suing TikTok now, and we’re looking to ensure that they adopt similar practices and commitments to what Meta did. We are very interested in Snap and YouTube as well. We want everyone in the industry to take the steps like Meta is required to now.”
“Markel Chairman Steve Markel to Retire”
Not a surprising development given that Steve Markel is in his late 70’s, but with the notable change that Tom Gayner will now be CEO and Chairman. In addition to Gayner’s additional role, Simon Wilson and Andrew Crowley were promoted to the roles of Co-Presidents of Markel.
“The Board announced the establishment of a Leadership Council, consisting of the Lead Independent Director, Chairman and CEO, and Co-Presidents. The Council is designed to facilitate regular coordination among independent Board leadership and senior management, and enhance the Board and management’s review of strategy, performance, and capital allocation.”
“Peloton’s push into gyms: CEO Peter Stern’s big bet”
An interview with Peter Stern, which covers his career experience prior to joining Peloton, along with his long-term strategy to evolve the business from a connected fitness company to a connected wellness ecosystem.
“I believe so deeply in what Peloton does its members, and what it can do for many more people… When I heard there was an opening at Peloton, I quickly found out who the recruiter was; I called him and said, ‘I’m your guy.’… This was a dream job… Over time, I believe the definition of the company became too narrow compared to the potential of our impact.”
TSOH Updates
Here’s the updated TSOH research list for the past six months:
Monday’s research report will be an initiation on Alarm.com (ALRM).
Have a great weekend!
NOTE - This is not investment advice. Do your own due diligence.
I make no representation, warranty, or undertaking, express or implied, as to the accuracy, reliability, completeness, or reasonableness of the information presented in this report. Assumptions, opinions, and estimates expressed in this report constitute my judgment as of the date thereof and are subject to change without notice. Projections are based on a number of assumptions, and there is no guarantee that they will be achieved. TSOH Investment Research is not acting as your advisor or in any fiduciary capacity.