AN INVESTMENT IN KNOWLEDGE PAYS THE BEST INTEREST ~ Benjamin Franklin

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Meta Pulls Back Amid $10 Billion Headwind

• Estimated fair value of $270, assuming stabilization in advertising and some success in the Metaverse.
• 3.6 billion monthly active users across platforms.
• Meta owns Facebook, Instagram, and WhatsApp.
• We expect a recovery in advertising revenue after decline suffered with Apple privacy rule changes and incoming Android rule changes.
• Immense free cash generation drives value and allows for strategic acquisitions.
• Regulatory probes and changes are a significant risk.
• $10 in quarterly ARPU (Average Revenue Per User) in 2021, with a global revenue base and foothold in emerging internet-economies like India.

Building Benjamins

The Probability of a Recession is Increasing, Trimming, or Selling Parts of the Portfolio.

• Inflation forcing the Fed to stop Quantitative Easing and start Quantitative Tightening.
• Federal Reserve has started to move Fed Funds Rate up.
• Russian invasion of Ukraine will disrupt energy, food and commodity supplies.
• China has another big Covid lockdown which will disrupt supply chains.

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A Giant Rolling Stone Gathers No Moss

• Estimated fair value of $3,353 per share (pre-20 to 1 split).
• The pullback is a buying opportunity.
• 4th largest company in the world.
• 1st and 2nd most visited websites yearly, with Google and YouTube dominating global web traffic.
• Extensive R&D, history of delivering new and successful products.
• Broadening away from just ad revenue, breaking into the internet service provider market, cloud computing, AI, phones, and others.

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CarMax’s Growth Turbo-Boosted by Hot Used Car Market

• Estimated Fair Value of $125
• Largest used car retailer with economies of scale.
• Internet channel leveraging off retail store base.
• Cost advantage in procurement of used cars.
• Unrivaled inventory of vehicles allowing customers to buy from anywhere in the country.
• CarMax Auto Finance (CAF) is utilized for 42.5% of vehicles sold with both financing directly from KMX or credit partner.
• Tailwinds for used cars includes limited new car supplies, economic costs, and raw material shortages.

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Gold Stocks with Dividends. B2Gold (BTG) is my favorite today. Nomad Royalty (NSR) looks OK as well

• B2Gold (BTG) is my favorite dividend gold stock today.
• Current Price $4.68 per share. 3.32% Yield.
• Nomad Royalty (NSR). Current Price $7.80 per share. Looks OK but lower yield of 1.98%

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SSR Mining could Shine on Higher Gold Prices and Positive Surprises on Earnings and Cashflow

• Free Cash Flow machine with $444 million in FY2021.
• Strong balance sheet.
• Large catalogue of tier-1 assets, with long lives and excellent costs located in geopolitically stable areas.
• Slated mine extension projects, adding 14% in gold reserves in FY2021, with additional exploration scheduled.

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SSR Mining Digs Out Massive Free Cash

• Estimated fair value of $32.0.
• Free-cash machine with $444 million generated in FY2021.
• Strong balance sheet.
• Large catalogue of tier-1 assets, with long lives and excellent costs located in geopolitically stable areas.
• Slated mine extension projects, adding 14% in gold reserves in FY2021, with additional exploration scheduled.

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Himax Drives Growth and Dividends with Vision Displays

• Dividend Yield expected to hit 15% in next 12 months (~65% payout ratio)
• Estimated fair value of $22.50.
• Himax has leading display technology with 3,023 active patents.
• Displays are everywhere: computers, cars, phones, televisions, check-outs, and kiosks.
• Profits are funding capital spending and research and development to drive innovation and market penetration in emerging fields.

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Franchise Group Franchises Big Dividend Yield

• 6.4% dividend yield poised to grow.
• $78 estimated fair value = 13 PE times $6.00 E24 EPS
• Free cash flow machine and compelling valuation.
• Broad investment portfolio of strong, profitable brands with strategy to acquire, develop and franchise brands.
• Significant recovery from COVID-19 and rapidly increasing profitability and free cash flow, resilient to possible economic downturn.

KMX Thumb

CarMax’s Growth Turbo-Boosted by Hot Used Car Market. KMX stock price $96.95. Growth Buy under $100

• Estimated Fair Value of $145 =20 PE times $7.25 earnings
• Largest used car retailer with economies of scale.
• Internet channel leveraging off retail store base.
• Cost advantage in procurement of used cars.
• Unrivaled inventory of vehicles allowing customers to buy from anywhere in the country.
• CarMax Auto Finance (CAF) is utilized for 42.5% of vehicles sold with both financing directly from KMX or credit partner.
• Tailwinds for used cars includes limited new car supplies, economic costs, and raw material shortages.

Proven Portfolio Manager shares his own personal stock investments to build retirement income and build a family legacy

Benjamin C. Halliburton is faced with the same challenge as you, investing for retirement and building generational wealth. However, he is a professional investor and is going to share his portfolio and trades with you. He is going to help you navigate this investment challenge as he invests in stocks of quality businesses and guides you through the investment process.

Timely Updates and Research

Ben details stocks to own and when to buy them. The ideas here are based on his own portfolio. Ben will update you every time he buys or sells and provide you with the rationale of these moves. We keep you informed on changes in the portfolio as Ben’s research interacts with market opportunities. We will be completely transparent, and you can determine which of Ben’s investment ideas make sense for you. You will learn how a successful equity portfolio manager thinks about companies and investments, and when he buys but as importantly when and why he has decided to sell. We detail our investment philosophy here. Stock Picks to Build Income and Wealth.

Learn Before You Earn

Learn in real time and choose which ideas work for you. This is a great place to build the core of your portfolio. We provide vision among the confusion of the internet and media. Learn about companies before you invest your Benjamins. Learn before you earn.