MBI Daily Dose (July 03, 2025)

Companies or topics mentioned in today's Daily Dose: Digital advertising, semiconductor cycle, Kevin Kelly A programming note: All the content of MBI Deep Dives are published on both "MBI Deep Dives" website and Substack. I launched the Substack a couple of years ago because a number

MBI Daily Dose (July 02, 2025)

Companies mentioned in today's Daily Dose: Amazon, Cloudflare, Microsoft, Figma vs Adobe WSJ had an interesting piece yesterday on how Amazon has scaled its robotic efforts over the years: "The e-commerce giant, which has spent years automating tasks previously done by humans in its facilities, has deployed

MBI Daily Dose (July 01, 2025)

Last week, UK's Competition and Markets Authority (CMA) published an interesting report titled "Strategic market status investigation into Google's general search services". CMA has been historically quite useful in understanding search market dynamics. While I do want to note that the regulator has bit

From Monthly to Daily

I have decided to make some changes to MBI Deep Dives. Before I get to the changes, here is a quick update on next month’s Deep Dive: I am currently studying Cognex (CGNX) and expect to publish the Deep Dive by July 25. For this month’s Never Sell

APi: Safety-as-a-"Subscription" in a Fragmented Market

You can listen to this Deep Dive here For the second consecutive months, I am writing a Deep Dive on a company that came to public market via a SPAC. Martin Franklin, who is the main character behind J2 SPAC that ended up acquiring APi Group in October 2019, doesn’

Lululemon 1Q'25 Update

Disclosure: I own January 2026 $165 Call Options While the quarter looks mostly okay, Lulu’s guide is the primary culprit for the stock to be down 20%+ after-hours today. Before we get into that, let me recap the quarter first and then I will share some highlights from the

June 2025 Update

Just a few quick updates for this month: I am going to publish my Deep Dive on APi Group (APG) by 26th of this month. For this month's "Never Sell" podcast episode, David Kim from Scuttleblurb and I discussed Booking and Airbnb. I even had some

Perimeter: Private-Equity GP Economics in Public Markets

You can listen to this Deep Dive here It wouldn’t shock me if the word “SPAC” itself has a negative connotation in your mind, but of course, it doesn’t inherently imply anything nefarious. A SPAC or “Special Purpose Acquisition Company” is just a publicly traded shell corporation that

May 2025 Update

Some quick updates for this month: I am going to publish my Deep Dive on Perimeter Solutions (PRM) by 25th of this month. Given that this is a busy earnings season, I wanted to study a small cap company instead of undertaking a large cap company this month. For this

Amazon 1Q'25 Update

Disclosure: I own shares of Amazon Amazon has another pretty decent quarter. Here are my highlights from today’s call. Subscribe Revenue Overall revenue grew by 10% (FX neutral). While Amazon’s 3P business usually grows faster than 1P, both 1P and 3P retail business grew at similar rate in