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🔬 UPDATED: New Long Equity US Stock Screener
🚢 Five growth stocks with steady valuations
Hi and welcome to this week's update. Firstly, I'm pleased to annouce that we have finally been able to extend the Global Compounders Database coverage to India. You may remember that I undertook a deep dive into Indian equities last year. Also, in case you'
💸 Long Equity Subscription Now Only $20/Month
💵 Three capital-light cash cannibals
This week we're going to be looking for companies that have three rare characteristics: * Significant buyback programmes * Consistently highly cash returns on capital * Predictable free cash flow growth These are three characteristics that many of the companies in the LE portfolio possess. Let's take a look
💵 The hidden infrastructure roll-up quietly powering the tech economy
🌍 Update to Global Compounders Database
💻 Calculating Cadence Design System's return on capital
Cadence Design Systems (Ticker: CDNS) produces electronic design automation (EDA) software that is used to design semiconductors. This is what one of their products, Allegro, looks like: Cadence is a great example for discussing the optimal method for calculating the "cash return on capital". The equation I use
📅 13Fs and 10Ks
Over the last week or so there have been some notable publications of 10Ks (annual reports) by public companies and filings of 13Fs (portfolio disclosures) by investment managers. 10Ks We've recently seen annual reports from Fortinet, Cadence Design System and Comfort Systems USA - and they did not disappoint.
🔬 New stock screen functionality
⚡️ Finding AI resilient barriers to entry
In recent weeks, a number of software companies have seen their share prices drop significantly in response to fears that their products may be rendered redundant by AI. This is in response to the fear that low-cost (and sometimes even free) large language models (LLMs) having the potential to
❄️ Long Equity February Update
Hope your month is going well so far. It's just a quick update this week, but there will be plenty of exciting new content in the coming weeks to look forward to. The Global Compounders Database was recently updated: you can find the link to the both screener