I’ve probably said this sentence too many times, but it's worth repeating: Boring businesses can be fertile places to find great investments. What makes boring businesses so exciting? They never go away no matter the economic condition. This doesn’t mean that share prices of these businesses won’t falter if an entire economy declines; but it … Continue reading Another Boring Business: Construction Partners, Inc. (ROAD)
Category: Investment Hypotheses
Frontdoor, Inc. – Growing Core Business with Recurring Revenue Model & High Value-Add Services
Frontdoor, Inc. (FTDR) specializes in all areas of home servicing from improvement, to repairing, and maintaining. The company's goal is to take the hassle out of owning a home through its large network of provided services. Frontdoor has 2 million customers and 15,000 contractors, making it the largest home servicing company by nearly four times. … Continue reading Frontdoor, Inc. – Growing Core Business with Recurring Revenue Model & High Value-Add Services
A Spin-Off in The Auto-Parts Industry … What’s (Not) To Like?
Garrett Motion (GTX) is the newly spun-off company from its parent, Honeywell, Inc. The company designs, manufactures and sells turbocharger and electric-boosting engines and engine technologies for Original Equipment Manufactures (OEM's) as well as aftermarket. GTX is a global leader in technologically advanced turbos and boosters, delivering products across gasoline, diesel, natural gas and electric … Continue reading A Spin-Off in The Auto-Parts Industry … What’s (Not) To Like?
Boring Businesses Part Deux: Greystone Logistics (GLGI)
Greystone Logistics is a manufacturing and leasing company specializing in the production, selling, and leasing of high quality plastic pallets for the automotive, chemical, pharmaceutical, consumer product, and food & beverage industries. Greystone is the only publicly traded company that specializes in manufacturing of plastic pallets, and they are the largest plastic pallet manufacturer in … Continue reading Boring Businesses Part Deux: Greystone Logistics (GLGI)
One Man’s Trash Is Another Man’s Treasure (ESTR/ESTRW)
Estre Ambiental is the largest waste management company in Brazil and Latin America formed via a SPAC offering with Boulevard Acquisition Corp II in December 2017. The company provides collection, transfer, recycling and disposal services to more than 31 million people. Estre (ESTR) is also the sole owner of the largest number of regulated landfills … Continue reading One Man’s Trash Is Another Man’s Treasure (ESTR/ESTRW)
China Mobile: Good Co. / Bad Gov.
China Mobile is a telecommunications operator formed via a spin-off of Chinese government-owned entity China Telecom (spun off in 1999). The company provides cellular telecom services such as voice, voice value-added, data streaming, and network planning. China Mobile (CHL) is the largest telecom operator in China and in the world. It's captured 64% of the 4G … Continue reading China Mobile: Good Co. / Bad Gov.
Cool Tunes Man: Spotify Analysis
"Invest in What You Know" - Peter Lynch As a product, I absolutely love Spotify. Heck, guess what app I'm using to listen to Andrea Bocelli right now (hey, don't hate on Andrea)? Spotify. When I leave work today, guess what app I'm going to use to listen to the Foo Fighters in the car? … Continue reading Cool Tunes Man: Spotify Analysis
Park City Group: A Little Known Supply Chain Company with Industry Tailwinds
Supply chain management is an integral part of both the retail and food businesses. Think of it as the equivalent of the troves of databases that are required to run quant funds and HFT operations. Without their data, algorithms can't be backtested, strategies can't be run. Without efficient supply chain management, products can't get to … Continue reading Park City Group: A Little Known Supply Chain Company with Industry Tailwinds
Discovery Communications: Wide Moats & Tons of Cashflow
The Thesis Discovery, Inc. is one of the largest media providers in the world with over 2 billion total subscribers across 220+ countries. Through its three main networks (TLC, Discovery, and Animal Planet), the company reaches close to 90 Million American households and 270MM+ international subscribers. This doesn't even include the eight other networks the … Continue reading Discovery Communications: Wide Moats & Tons of Cashflow
SPAC’s Never Tasted So Good … Hostess Brands, Inc. Analysis
"Know what you own, and know why you own it." - Peter Lynch Most of my job as an investor is to understand the businesses that I own; and if I'm lucky, to understand those businesses better than those selling their shares. Since I spend most of my time in the smaller, illiquid spaces of … Continue reading SPAC’s Never Tasted So Good … Hostess Brands, Inc. Analysis