MBI Deep Dives (Page 5)

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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

2023 Annual Letter

Subscribe 2023 was a year of...relief! Kurt Vonnegut once correctly pondered: "The truth is, we know so little about life, we don’t really know what the good news is and what the bad news is." While 2022 was humbling and bewildering at times for many of

Floor & Decor: A Special Specialty Retailer

You can listen to this Deep Dive here The late Charlie Munger was asked whether there is any current imitator of Costco. Munger mentioned Floor & Decor. Floor & Decor (FND) is a specialty retailer primarily selling hard surface flooring products. Management, however, likes to think they are in a

Dollar General 3Q'23 Update

Disclosure: I own shares of Dollar General While Dollar General’s (DG) stock rallied +30% over the last two months (still down ~15% pre-2Q’23 earnings though), the business is not quite out of the woods yet. Here are some highlights from today’s call. Subscribe Same Store Sales (SSS)

December, 2023 Update

While it's been a couple of days since the sad news of Charlie Munger passing away, there is certainly a sense of void percolating around. What has consistently amazed me about both Buffett and Munger is not their almost unbelievable track record in investing, but their ability to

FleetCor: Far from Fleeting

Disclosure: I own shares of FleetCor Technologies Subscribe Visa and Mastercard built arguably two of the most impenetrable payment businesses in the world. Both of them run on an open loop payment system connecting the issuing banks, payment processors, card network etc. While the card networks’ i.e. Visa, Mastercard’

November Update

Some quick updates for this month: 1. I will publish a Deep Dive on FleetCor (Ticker: FLT) by November 22nd. In December, my final Deep Dive in 2023 will be on Floor & Decor (Ticker: FND). 2. Now that all the key digital advertisers reported their earnings this quarter, here