Sunday Pimm’s & Bicycle Thieves

By Paul Sankey Published on June 1, 2025 at 2:48 PM

Greetings, Just like that, the month of May 2025 was gone. Always a blink, the wonderful month of blossoms. Thus, Panama hats, white linens and blue seersucker summer wardrobe-ready, Wall Street summer is upon us. Enjoy your weekend, let’s try to relax. A stroll today, to help you think easy, let me give you a reminder of the famous (and generic) Sunday Sankey Pimm’s recipe, which drink converted at least one hedge fund portfolio manager …

Casey’s take it to Beaver

By Paul Sankey Published on June 14, 2024 at 9:14 AM

What segment of the global oil value chain saw a structural increase in margins post-COVID? ~ You got it! Gas Stations is indeed the correct answer. Source: Bloomberg Not only have margins doubled in pump sales – historically a brutally competitive, low margin business, but the industry has growth. Shown below, Casey’s has scaled from 1,700 locations to 2,800 locations in the last decade. Source: Bloomberg We can argue that while a more efficient US …