MBI Deep Dives (Page 39)

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January, 2024 Update

Subscribe Happy New year. Just a few quick updates to start 2024: 1. My next Deep Dive is on CoStar Group (Ticker: CSGP) which I hope to publish by January 23rd. Following CSGP, I plan on studying AppFolio (Ticker: APPF) in February. 2. Someone asked me about the mix of

2023 Annual Letter

Floor & Decor: A Special Specialty Retailer

You can listen to this Deep Dive here The late Charlie Munger was asked whether there is any current imitator of Costco. Munger mentioned Floor & Decor. Floor & Decor (FND) is a specialty retailer primarily selling hard surface flooring products. Management, however, likes to think they are in a

Dollar General 3Q'23 Update

Disclosure: I own shares of Dollar General While Dollar General’s (DG) stock rallied +30% over the last two months (still down ~15% pre-2Q’23 earnings though), the business is not quite out of the woods yet. Here are some highlights from today’s call. Subscribe Same Store Sales (SSS)

December, 2023 Update

While it's been a couple of days since the sad news of Charlie Munger passing away, there is certainly a sense of void percolating around. What has consistently amazed me about both Buffett and Munger is not their almost unbelievable track record in investing, but their ability to

FleetCor: Far from Fleeting

Disclosure: I own shares of FleetCor Technologies Subscribe Visa and Mastercard built arguably two of the most impenetrable payment businesses in the world. Both of them run on an open loop payment system connecting the issuing banks, payment processors, card network etc. While the card networks’ i.e. Visa, Mastercard’

November Update

Some quick updates for this month: 1. I will publish a Deep Dive on FleetCor (Ticker: FLT) by November 22nd. In December, my final Deep Dive in 2023 will be on Floor & Decor (Ticker: FND). 2. Now that all the key digital advertisers reported their earnings this quarter, here

Amazon 3Q'23 Update

Disclosure: I own Jan 2025 $55 call options of Amazon Imagine opening Amazon’s 3Q’23 earnings report 5 years from now and what do you think you might hope you paid more attention to? It’s very unlikely to be AWS topline growth rate this (or any) quarter. If

Meta 3Q'23 Update

Disclosure: I own shares and 2025 January $50 Call Options of Meta Meta had a terrific third quarter which makes the after-hours reaction (down ~3%) tad bit surprising, but perhaps understandable given the wider range of scenarios for advertising going forward. Here are my highlights from tonight’s call. Subscribe

Alphabet 3Q'23 Update

Disclosure: I am long shares and Jan 2025 $50 Call Options of Alphabet While Google Service segment did just fine, Google Cloud’s pace of deceleration in topline was a bit disappointing. Here are my highlights from Alphabet’s call tonight. Subscribe Revenue After four consecutive quarters of single digit