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Deep Dive Premium

A collection of 37 issues

Autodesk: The Horse for the Infrastructure Decade

Disclosure: Autodesk is the third largest position in my portfolio In 1982, John Walker, along with 12 other programmers, gathered $59,000 to found Autodesk. Today, Autodesk is ~$60 Bn market cap company. More people probably heard about AutoCAD than the company behind the Computer-Aided Design (CAD) software application. Just

Copart: Owner-operator with deep moats but potential long-term risks

In March 1994, Copart became listed in NASDAQ. Since then, the company has generated 19,492% (21.7% CAGR) return for its shareholders. This eye-popping wealth machine was founded by Willis Johnson, who, in many ways, personified the American dream. He was not handed a particularly good hand in life.

Ansys: Picks and Shovels for Innovation

Founded in 1970, Ansys (Ticker: ANSS) came to IPO in 1996. A microcap with only $55 Mn market cap, Ansys has become one of the most successful stocks in the last 25 years. Looking at the CAGR return over different time horizon, it is clear Ansys has created enormous wealth

Deep Dive on ANGI

Disclosure: I am long shares of ANGI I have taken a slightly different approach in this month’s deep dive. Given the length of my deep dives, I have outlined six different sections to help readers navigate and know beforehand what to expect. Here are the sections below, and a

The Economics of the Cult of Lululemon

Lululemon Athletica (Ticker: LULU) is a fantastic company. In 2005, Lulu generated $40.7 mn sales. 15 years later, its sales were ~100x of that, implying an astounding ~35% CAGR over this period which was almost entirely organic in nature. For context, Amazon grew at ~28% CAGR during the same

Etsy: A Handmade Giant in the Passion Economy

Deep Dive on Uber