Snapshots That Wow!
Go Goa, Gone!
Foreign tourists seemed to have abandoned the Susegado state with foreign tourist arrivals falling to almost 1/6th of their pre-COVID levels of 8.5mn!
Source: Ministry of Tourism, CEIC
Revving up those margins!
Ferrari has yet again done the impossible- improved upon industry beating (is there a stronger word out there for this?) margins by reporting a 27.7% EBIT margin in Q3 of 2024. Over the course of the last decade, the company has seen a 1090 bps increase in EBIT margins.
Source: Ferrari Q3 Investor Presentation
The new membership program in town?
Time to move over gym memberships! Eli Lily’s GLP1 drug (for weightloss) completes phase 3 of their 176 week study that showcases 23% weight reduction with 15mg treatment dose taken every week for 176 weeks and 94% reduction in risk of type 2 diabetes progression!
I guess this is the 176 membership program people will sign up for going forward!
Source: Eli Lily’s Investor Presentation
Rise, again!
M&M has come through on the company’s tagline ‘Rise’ and how. Though a decade late in coming through on the tagline’s promise, the company currently has shrugged industry trends in every auto segment it operates in!
Source: M&M Investor Presentation
Subah ho gayi mamu!
There should be a study done on the special breed of human beings that decided to look up on the day of the US elections to discover that President Joe Biden is infact not in the race!
The surge in google search for ‘did joe biden drop out’ is staggering!
Source: Google Trends
Petrol khatam ho gaya!
“33% of Americans who financed their cars now owe more on their loans than the vehicle is worth.
This represents 31 million auto-loan accounts registered by the Consumer Financial Protection Bureau.
Making things worse, used vehicle prices in the US have dropped by ~22% over the last 3 years.
Additionally, 24.2% of vehicles traded-in had negative equity in 2024, the most in 4 years according to Edmunds.
These borrowers owed an average of $6,458 more than their car was worth when they traded it in, the most on record.”
Source: Kobeissi Letter