Topic

MSFT

A collection of 8 issues

Notes and thoughts on Meta and Microsoft discussion at GS Communicopia

Correction: I would like to issue a correction from yesterday’s piece on Synopsys. I mentioned the company is trading at ~56x LTM EBITA. The problem is Synopsys’ LTM EBITA doesn’t incorporate Ansys’ EBITA which they just acquired. As a result, while the EV includes the impact of acquisition,

Dollar General 2Q'25, Microsoft's Cybersecurity business

Yesterday, Dollar General published its 2Q’25 earnings and Microsoft attended Deutsche Bank's 2025 Technology Conference to discuss their cybersecurity business. I will share some thoughts on both of them behind the paywall. Subscribe

Microsoft FY2025 Update

Since Microsoft’s financial year ends in June 30th, I have decided to update my Microsoft model instead of doing the usual quarterly recap. I first published my Microsoft Deep Dive back in April 2023. However, Microsoft announced some changes to the composition of their reporting segments in August 2024.

Insurance Brokers, Portfolio Change

I have written about insurance brokers before (see my Brown & Brown Deep Dive, and write-up on Aon). I love insurance broker business and while they are certainly not the most exciting businesses around, the entire industry has been a reliable compounding machine for investors for decades. Hence, even though

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

Big Tech's Deteriorating Earnings Quality

Disclosure: I own shares of Meta Platforms, and Amazon Almost one and half years ago, I wrote about “The Curious Case of Big Tech”, in which I highlighted that much of the big tech was actually “deep value” investments back in 2013. In fact, I also mentioned “Meta, and Amazon

The Curious Case of Big Tech

Disclosure: Nearly 60% of my personal portfolio is invested in Meta, Amazon, and Alphabet “Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.” While most market participants want to focus on what happens next quarter or the next year, it

Microsoft: The Quintessential Technology Company

Subscribe You can listen to the Deep Dive here “The personal computer revolution had begun with a game played on a small blue box with blinking lights named after the brightest star in the constellation. 30 years earlier, people in Albuquerque had witnessed the sun come up in the South