Zalando Investment Thesis: The Fashion Platform of the Future
We have followed the company since before it listed in 2011 and have met with management as well as the two founding investors.
The Tesla Effect: A Research Report of Tsai Capital Corporation
Christopher Tsai argues that Tesla is a misunderstood, quality compounder with significant and underappreciated advantages.
TTI: Misunderstood and Overlooked Due to Complex Capital Structure
TETRA Technologies is an oil and gas services company and provider of calcium chloride and bromide products to the industrial market.
BP: From International Oil Company to Integrated Energy Company
The scale and timelines of BP’s proposals are remarkable, calling into question the feasibility and perhaps credibility of the charted course.
Peter Mantas on Opportunities in Tech, Industrials, and Healthcare
We had the pleasure of speaking with Peter Mantas, a general partner of Toronto-based investment firm Logos LP, on August 10, 2020.
The Search for Value, and the Road Ahead
OPF’s portfolio companies have staying power and financial flexibility and are capably managed by “owner-operator” executives.
Spotify: A Case Study in Business Strategy and Value Compounding
Music streaming has already produced an epochal shift in how people listen to music. Spotify is on its way to platform dominance.
Synthetic Leverage and Discounts to Holdings
Some companies can safely leverage alternative third-party sources of capital or operations to generate significant incremental income.
Highlights from Wide-Moat Investing Summit 2020
We are delighted to bring you investment idea highlights from Wide-Moat Investing Summit 2020, held LIVE online on July 2-3.
Stitch Fix: Owner-Operated Online Retailer with Solid Unit Economics
Felix Narhi of PenderFund Capital Management presented his thesis on Stitch Fix (US: SFIX) at Wide-Moat Investing Summit 2020.
Masimo: Improving Patient Outcomes While Reducing System-Wide Costs
Todd Wenning of Ensemble Capital Management presented his thesis on Masimo (US: MASI) at Wide-Moat Investing Summit 2020.
Twitter: Unique Internet Asset, With Improving Monetization
Elliot Turner of RGA Investment Advisors presented his thesis on Twitter (Nasdaq: TWTR) at Wide-Moat Investing Summit 2020.
Take-Two Interactive: Premium IP, High ROIC, and Growing FCF
Hunter Hayes of Intrepid Capital Management presented Take-Two Interactive (US: TTWO) at Wide-Moat Investing Summit 2020.
Orchid Island: Agency mREIT with Temporary Moat Due to Fed Action
Ryan O’Connor of Crossroads Capital Partners presented Orchid Island Capital (NYSE: ORC) at Wide-Moat Investing Summit 2020.
Liberty Sirius XM: Exposure to Satellite Radio Leader at Discount
Robert Deaton of Fat Pitch Capital presented his thesis on Liberty Sirius XM (US: LSXMK) at Wide-Moat Investing Summit 2020.
Interactive Brokers: Automated, Low-Cost, High-Margin Business
Stefan Ćulibrk of Highway One Asset Management presented Interactive Brokers (IBKR) at Wide-Moat Investing Summit 2020.
FANUC: True Economics Masked by Capacity and R&D Investments
Ben Beneche of Pictet Asset Management presented his thesis on FANUC (Japan: 6954) at Wide-Moat Investing Summit 2020.
Clean Energy: Well-Capitalized Nat Gas Fueling Stations Leader
Alex Gates of Clayton Partners presented his thesis on Clean Energy Fuels (US: CLNE) at Wide-Moat Investing Summit 2020.
OTIS: Recently Spun Off Elevator Leader with High ROIC
Rodrigo Lopez Buenrostro of KUE Capital presented his thesis on OTIS (US: OTIS) at Wide-Moat Investing Summit 2020.
Transcontinental: Underappreciated Resiliency and FCF Generation
Jim Zimmerman of Lowell Capital Management presented Transcontinental (Canada: TCL-A) at Wide-Moat Investing Summit 2020.
Unilever: Consistent, Predictable, Growing Business at Fair Price
Dave Sather of Sather Financial Group presented his thesis on Unilever (US: UL, UN) at Wide-Moat Investing Summit 2020.
Covetrus: Spinoff With Fast-Growing, Underappreciated SaaS Business
Gary Mishuris of Silver Ring Value Partners presented his thesis on Covetrus (US: CVET) at Wide-Moat Investing Summit 2020.
Rimini: Well-Suited to Gain Share in Application Management Services
Charles Hoeveler of Norwood Capital Partners presented Rimini Street (Nasdaq: RMNI) at Wide-Moat Investing Summit 2020.
ViacomCBS: Streaming Success Could Change Negative Perception
Arvind Mallik of KMF Investments presented his thesis on ViacomCBS (Nasdaq: VIAC) at Wide-Moat Investing Summit 2020.
Exponent: Leveraging Historic Relationships to Drive Organic Growth
Jonathan Isaac of Quilt Investment Management presented Exponent (US: EXPO) at Wide-Moat Investing Summit 2020.
Herman-Miller: US Office Furniture Leader at Discount to Fair Value
Danilo Santiago of Rational Investment Methodology presented Herman-Miller (US: MLHR) at Wide-Moat Investing Summit 2020.
Bakkafrost: Owner-Operated Salmon Producer With Durable Moat
At family-owned Bakkafrost, several factors create a high-return fish farming environment and a business with a durable moat.
Surveying Our Favorite Investment Ideas Amid COVID-19
This environment is one where concentration and deep research can shine. Some investors appear to be like deer in headlights, frozen and panicked.
ZAGG: Multiple Ways to Win Following Recent Stock Price Drop
Jim Roumell of Roumell Asset Management spoke with MOI Global about his investment thesis on ZAGG in light of recent developments.
Q1: Opportunity to Higher-Grade the Portfolio with Great Businesses
It is during times of pricing dislocations brought on by economic shocks that high-quality stocks trading below intrinsic value can be identified.