Mostly Borrowed Ideas
Equity Analyst. I publish one in-depth research on a public company every month. Subscribe: https://t.co/bBHyta1Omy
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1/23 Warren Buffett's 2021 Annual Letter What a wonderful way to start my Saturday morning! My notes from the latest $BRK letter: "Charlie and I are not stock-pickers; we are bus...
1/ $ADSK FY 4Q'22 Update ADSK biz model transition Perpetual licensing ➡️ tiered subscription Desktop multi-user licenses➡️named user subscription Indirect sales➡️ direct sales...
1/ $SQ 4Q'21 Update Following SQ's 3Q'21 earnings, the stock nosedived 60%. So the bar probably got way lower and as the business seems to be doing fine, stock was +20% AH. Here'...
1/16 $IAC 4Q'21 Update "I suspect we are currently entering a sustained new market environment for valuations, where the cost of capital will return closer to historical norms and...
1/ $TRUP 4Q'21 Update "Trupanion is the only company in the S&P 600 to deliver revenue growth in excess of 20% per year for every year over the past decade." In fact, revenue acc...
1/ $SHOP 4Q'21 Update Lots of SFN related questions on this call. Narrative driven valuation is a double-edged sword; SFN-related chatter led to a huge rally not so long ago, an...
1/7 Thread: Home After three years, I returned to Bangladesh and spent the last three months here. Although admittedly I felt like an outsider in the beginning, Bangladesh felt li...
1/11 Thoughts on last week It was supposed to be a pretty difficult week since I "lost" (unrealized) a bunch of money following earnings last week. But in reality, I felt very eng...
1/12 $AMZN 4Q'21 Update Market was in such a dour mood before the earnings that even an okay-ish quarter and guidance drove the stock +15% AH. For the first time, international s...
1/17 $SPOT 4Q'21 Update If someone gave me the call transcript and press release a day before and asked me how do you think the market would react, I would probably say +5%? In r...
1/19 $META 4Q'21 Earnings "although the direction is clear, our path ahead is not yet perfectly defined." The word "headwind" or "headwinds" appeared 30 times on this call. Mark...
1/12 Thread: $GOOG 4Q'21 Update Another bonkers quarter for GOOG. Yawn, right? For the first time in a quarter, revenue from YouTube ads exceeded $NFLX revenue. 15 years ago, GOO...