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TIP632: Mastermind Q2, 2024 w/ Tobias Carlisle and Hari Ramachandra

May 19, 2024

Tobias Carlisle, a seasoned value investor and author, joins Hari Ramachandra to discuss promising stock picks and the current economic climate. They analyze why Burberry, despite challenges, could rebound and debate its market positioning. Hari champions ICICI Bank as a strong investment in India's growth, while Tobias pitches Playtika, outlining both its potential and pitfalls. They navigate economic uncertainties and explore the impact of innovation in the sector, offering valuable insights for investors looking to align with future trends.

01:20:18

Episode guests

Tobias Carlisle

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Episode notes

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Quick takeaways

Burberry's bullish case discussed by Stig focuses on its potential growth and value creation outlook.

Playtika, a value stock, faces market challenges stemming from lack of moat and switching costs.

ICICI Bank Limited, chosen by Hari, is positioned for long-term growth in the Indian banking sector.

Deep dives

Playtika - Facing Challenges Amidst Growth Slowdown

Playtika, a mobile gaming company, has faced an 80% drop in valuation since its 2021 IPO due to a significant slowdown in growth, hovering around 1% year on year. The company attributes this to privacy updates impacting marketing and monetization. Known for celebrity endorsements in specific games, the stock trades at $7.24 at a $2.7 billion market cap. Despite debt, its fat margins and diversified revenue sources show resilience. Efficiency measures via layoffs are underway to boost performance amidst market challenges.

Invest by Adapting to Life Stage

01:32

Power Dynamics and Technology Adoption

00:50

Analysis of Luxury Segment Industries and Market Cycles Impact on Companies

04:20

Exploring Investment Opportunities in Indian Banks

01:03

Intro

2min

Navigating Economic Uncertainty

15min

Distinguishing True Innovation

5min

Burberry: Navigating Luxury and Leadership Challenges

21min

Investment Insights: Burberry and E-Commerce Opportunities

7min

Playtick's Rocky Road to Recovery

13min

Investment Insights in Indian Banking

22min

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he has put Burberry on this watchlist. Hari’s pick, ICICI Bank Limited, is a solid bet on the rise of India, and Tobias pitches Playtika, a value stock trading at an appealing valuation.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:57 - What are the current economic conditions?

13:37 - Are we entering a world with less disruption?

17:30 - What Stig’s bull case is for Burberry (Ticker: BURBY).

35:18 - The bear case for Burberry, including the current deterioration in the luxury sector.

42:35 - Why Toby has invested in Playtika (Ticker: PLTK).

52:23 - The bear case for Playtika, including the lack of moat and switching costs.

56:01 - Why Hari is bullish on ICICI Bank Limited (Ticker: ICICIBANK).

1:12:47 - The bear case of ICICI Bank Limited, including whether the valuation is stretched.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Tune in to the Mastermind Discussion Q1 2024 – TIP610 | YouTube video.
Listen to Mastermind Discussion Q4 2023 – TIP586 | YouTube video.
Tune in to the Mastermind Discussion Q3 2023 – TIP576 | YouTube video.
Listen to Mastermind Discussion Q2 2023 – TIP557 | YouTube video.
Tune in to Mastermind Discussion Q1 2023 – TIP528 | YouTube video.
Tune in to Mastermind Discussion Q4 2022 – TIP496 | YouTube video.
Listen to Mastermind Discussion Q3 2022 – TIP475 | YouTube video.
Tune in to Mastermind Discussion Q2 2022 – TIP450 | YouTube video.
Listen to Mastermind Discussion Q1 2022 – TIP418 | YouTube video.
Stig Brodersen’s portfolio and return.
Understanding IFRS16 on operating leases.
Tobias Carlisle's podcast, The Acquirers Podcast.
Tobias Carlisle's ETF, ZIG.
Tobias Carlisle's ETF, Deep.
Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book.
Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.
Tweet directly to Tobias Carlisle.
Hari's Blog: BitsBusiness.com.
Tweet directly to Hari.
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