SM
SM Energy Company
stock NYSE

Hi u/ParticularTart207! Thank you for reaching out to us! We understand how important it is for you to regain access to your account. To address this issue, we kindly request you to contact our support team with the relevant details about your situation. Please follow these steps:
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^SM

The vending machine business model isn't really about the machines, it's the private labeling. The products in the vending machine in Japan are specifically made for the machines. Sort of like how SM has their own bonus brand. The brands in the machine are owned by the same companies that own the machine. They're more expensive than what people can get in groceries, so higher margins pa sila.
They fail here because the business model isn't replicated. It will make sense if the machines are owned by the company (ex coke, oishi, etc). Before coke use to have their own machines, but they probably found it unnecessary in a sari sari economy. There's no need for them to distribute through the machines because unlike other countries we have sari sari stores.

You're welcome! If you have any other questions, feel free to ask. We're here to help!
^SM

This week's substack write-up collection. Worth a look if you're hunting for global ideas.
Not my work - shared from Giles Capital's substack: [https://gilescapital.substack.com/](https://gilescapital.substack.com/)
# Americas
* **Business Model Mastery** on [**Procter & Gamble**](https://bizmodelmastery.substack.com/p/inside-procter-and-gamble-how-514?utm_source=%2Finbox&utm_medium=reader2) (🇺🇸PG US - US$380 billion) Multi-brand consumer goods leader with 51.4% gross margins (+350bps YoY) protected by $2.7B in patents and $19.6B in trademarks, demonstrating embedded pricing power in daily-use necessity products.
* **Business Model Mastery** on [**Eli Lilly**](https://bizmodelmastery.substack.com/p/inside-eli-lilly-how-one-dual-action?utm_source=%2Finbox&utm_medium=reader2) (🇺🇸LLY US - US$850 billion) Pharmaceutical innovation leader with dual-action tirzepatide generating $11.5B diabetes sales (+330% YoY) plus $2.3B obesity launch, 85%+ gross margins, patent protection through 2036, and $5.5B manufacturing control investments.
* **Compound & Fire** on [**Cadence Design**](https://compoundandfire.substack.com/p/synopsys-vs-cadence-design-systems?utm_source=%2Finbox&utm_medium=reader2) (🇺🇸CDNS US - US$60 billion) EDA software leader with 28.6% ROIC and superior cash conversion (155.7% OCF/Net Income), outperforming competitor Synopsys with an aggressive 12.3% share reduction program.
* **High Growth Investing** on [**Airbnb**](https://hightechinvesting.substack.com/p/airbnb-stock-in-2025-my-perspective?utm_source=%2Finbox&utm_medium=reader2) (🇺🇸ABNB US - US$85 billion) Platform business with Q1 2025 revenue growth of 6% YoY to $2.3B, 79% FCF margin, and more attractive valuation (EV/FCF 17) versus competitor Booking Holdings (EV/FCF 21) with strong network effects.
# Europe, Middle East & Africa
* **LongTermValue Research** on [**Clinica Baviera**](https://ltvresearch.substack.com/p/mispriced-orphan-security-with-30?utm_source=%2Finbox&utm_medium=reader2) (🇪🇸CBAV.SM - €655 million) Orphaned European ophthalmology leader with 30% ROIC expanding from 137 to 180 clinics by 2027, trading at 7.7x 2025 EBITDA with 110% upside potential from LBO math as majority holder increases float and institutional accessibility.
* **MileHighMonk** on [**Accor**](https://milehighmonk.substack.com/p/accor-belle-of-the-ball?utm_source=%2Finbox&utm_medium=reader2) (🇫🇷AC.PA - €25 billion) European hotel chain outperforming US peers with 9.7% revenue CAGR (vs Hilton 7.9%, Marriott 5.6%), asset-light model (2.5% owned assets), and geographic diversification with 55% operations outside Europe at discount valuation.
* **Northwest Frontier Capital** on [**Kainos plc**](https://northwestfrontiercapital.substack.com/p/kainos-plc-3-ways-it-is-undervalued?utm_source=%2Finbox&utm_medium=reader2) (🇬🇧KNOS.L - £900 million) UK IT services with embedded SaaS division showing 32-54% valuation upside across multiple methodologies (SOTP, EPV, DCF), despite near-term government procurement headwinds masking underlying 15.5% revenue CAGR quality.
* **Quality Investing with René Sellmann** on [**Wise**](https://www.compoundwithrene.com/p/free-why-wises-governance-problem?utm_source=%2Finbox&utm_medium=reader2) (🇬🇧WISE - £8 billion) UK fintech with controversial dual-class structure enabling long-term strategic thinking, shifting primary listing to US while founder control with <20% economic ownership provides Meta-like strategic flexibility for platform transformation.
* **Saadiyat Capital** on [**JD Sports**](https://saadiyatcap.substack.com/p/jd-sports-quick-pitch?utm_source=%2Finbox&utm_medium=reader2) (🇬🇧JD.L - £5.46 billion) UK sports retailer positioned for 2026 FIFA World Cup catalyst with projected £114M uplift, 22.2% revenue CAGR (FY2018-2024), and successful omnichannel strategy driving market share gains from 2.87% to 3.41%.
* **Hidden Market Gems** on [**K+S AG, Veolia, and Addtech AB**](https://sbeautiful.substack.com/p/3-stocks-to-own-forever?utm_source=%2Finbox&utm_medium=reader2) (🇩🇪SDF.DE - €8 billion | 🇫🇷VIE.PA - €25 billion | 🇸🇪ADDT-B.ST - €12 billion) "Forever stocks" thesis covering German potash supplier with geopolitical advantage vs Russia/Belarus sanctions, French waste/water monopoly post-Suez acquisition, and Swedish industrial platform with 140+ niche acquisitions delivering decentralized excellence.
* **The Newell Street Journal** on [**Dewhurst Group, Orchard Funding, and Northern Bear**](https://newellstreet.substack.com/p/i-went-through-the-150-smallest-companies) (🇬🇧DWHT/DWHA - £53 million | 🇬🇧ORCH - £25 million | 🇬🇧NTBR - £61 million) AIM small caps analysis highlighting exceptional value in illiquid UK microcaps: Dewhurst Group with dual-class arbitrage and £21.6M cash vs £53M market cap, Orchard Funding's specialty lending oligopoly at 4.3x P/E, and Northern Bear's infrastructure services at 17-23% ROIC.
# Asia-Pacific
* **Kreuzmann's Ideas** on [**Pasture Holdings**](https://jakubkriz.substack.com/p/case-study-the-most-illiquid-stock?utm_source=%2Finbox&utm_medium=reader2) (🇸🇬UUK.SI - US$7.8 million) Singaporean pharmaceutical distributor trading at negative enterprise value (-$1.09M SGD) with 25% revenue growth, $4.67M net cash vs $7.8M market cap, extreme illiquidity ($0.80 daily volume) creating institutional accessibility challenges.
* **Max Dividends** on [**Fukui Computer and Yokogawa Bridge**](https://www.maxdividends.com/p/2-solid-japanese-stocks-to-watch?utm_source=%2Finbox&utm_medium=reader2) (🇯🇵9790.T - ¥15 billion | 🇯🇵5911.T - ¥45 billion) Two solid Japanese opportunities: Fukui Computer, a regional IT powerhouse with 25% operating margins and 15% revenue growth in AI-driven healthcare solutions at 14.7x P/E, and Yokogawa Bridge, an infrastructure engineering leader with 4.2% dividend yield, 8 consecutive years of increases, and ¥50B cash reserves.

Hi u/mobiip5s! Thank you for reaching out us! We understand how frustrating it can be when you're unable to log in. If you're certain your password is correct but still can't access your account, please follow these steps:
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Our Support team will contact you using the alternate email address you provide. Let us know if you need any further assistance—we’re here to help!
^SM

Hi u/Soft-Negotiation2754! Thank you for reaching out to us! We understand how concerning this situation must be for you, transaction shows as successful on the blockchain and completed on Mexc but hasn’t arrived in your Coinbase account. For further assistance, we kindly recommend contacting our [live support team](https://help.coinbase.com/en/contact-us). Our team is ready to assist you and provide the support you need. Thank you for your understanding!
^SM

Thank you for your question! Even if you use a VPN, Coinbase determines your location based on the information provided during account verification, such as your ID and other personal details. This ensures compliance with regional regulations, including restrictions in New York, where multi-chain support is not yet available. Let us know if you have any further questions—we’re here to help!
^SM

We're truly sorry to hear about your situation and the difficulties you're experiencing. We kindly recommend reaching out to our support team using the shared link and following these steps:
1. Select "Coinbase" as the product and choose "Unable to sign in."
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If you need further assistance, don’t hesitate to reach out. We’re here to help!
^SM

Hello u/PeaceSad9637! Thank you for reaching out to us! To transfer USDT using the ERC-20 network, you’ll need to ensure both the sender and receiver support the ERC-20 network for USDT. Here’s a simple guide:
1. Confirm the Receiving Address: Make sure the recipient’s wallet address is correct and supports USDT on the ERC-20 network.
2. Initiate the Transfer : In your wallet or exchange account, select USDT and choose the ERC-20 network for the transfer.
3. Enter the Details: Input the recipient’s wallet address and the amount of USDT you want to send.
4. Review and Confirm : Double-check the details, including the network and address, before confirming the transaction.
5. Pay the Gas Fee: Transactions on the ERC-20 network require a gas fee, which is paid in ETH. Ensure you have enough ETH in your wallet to cover this fee.
Once the transaction is confirmed, the USDT will be transferred to the recipient’s account. If you need further assistance, feel free to ask!
^SM

I am looking for reasons why it is being promoted so much, I am very interested in Indian SM only. I find it lucrative for the investment amount I have. As for foreign countries higher corpus is considered better.