Abdullah Al Rezwan

Abdullah Al Rezwan

March, 2024 Update

After publishing my Deep Dive on AppFolio, I have started studying the semiconductor industry. It didn't take me too long to understand that this is one of the more challenging areas for a generalist like me to get up to speed quickly. As a result, I have decided

AppFolio: Moving Up Market in Property Management Software

You can listen to this Deep Dive here Some updated thoughts here “…we invested in the IPO, we purchased after the IPO from other investors. And pre IPO, there were other strategic investors and their mandates can change, they make an investment in year two, and in year seven, they

Spotify 4Q'23 Update

While not exactly Meta-like twists and turns, Spotify’s rise from the ashes of late 2022 perhaps slipped through many investors’ mind. The stock was at ~$70 in December, 2022. Today, it closed at $232. Before I get to my highlights from today’s call, let me first mention that

Amazon: Model Update (2024)

Disclosure: I own Amazon January 2025 $55 Call Options Last year, I posted a more detailed work on Amazon in which I provided more in-depth discussion on the structure of my Amazon model that I am going to discuss today. If you find it hard to follow the discussion below,

Meta Platforms: Model Update

Disclosure: I own shares of Meta Platforms So I took this weekend to update my models on Meta and Amazon. I just wanted to leave some brisk thoughts on these updated models. I will start with Meta today and will share my thoughts on Amazon tomorrow. You can find the

Amazon 4Q'23 Update

Disclosure: I own Jan 2025 $55 Call Options of Amazon While many investors remain obsessed with quarterly topline growth of AWS, the real story continues to be North America’s sustained margin recovery. Here’s my highlights from yesterday’s earnings. Subscribe Revenue 1P revenue grew HSD and Amazon’s

Meta 4Q'23 Update

Disclosure: I own shares and 2025 January $50 Call Options of Meta By 3Q’23 earnings, almost everyone understood Meta’s turnaround; the layoffs were behind us, topline growth was accelerating, and thanks to Meta’s “efficiency”, margins were expanding. Yet, the stock has gone up another ~60% since 3Q’

Alphabet 4Q'23 Update

While I have sold my shares in Alphabet last month, I remain a very curious observer. Here’s my highlights from today’s earnings. Subscribe Revenue While almost every single revenue segment grew by double digits, Google Network was down ~2% YoY and ~10% from 4Q’21. The Network business

CoStar: The Art of Creating, Capturing, and Protecting Value

You can listen to this Deep Dive here Jeff Bezos may be the most famous graduate from Princeton’s class of 1986, but the 1986 class had another graduate, Andy Florance, who also embodied a remarkable similarity in relentless ambition. They were, in fact, Physics lab partners at Princeton. After

January, 2024 Update

Subscribe Happy New year. Just a few quick updates to start 2024: 1. My next Deep Dive is on CoStar Group (Ticker: CSGP) which I hope to publish by January 23rd. Following CSGP, I plan on studying AppFolio (Ticker: APPF) in February. 2. Someone asked me about the mix of