Podcasts about Roic

Every financial executive should either have the book Valuation or have it on their physical or digital bookshelf in their antilibrary.CFO Bookshelf is thrilled and honored to have the lead author of all eight editions of this foundational book on valuation, which is used in many financial curricula around the nation on college campuses.In this conversation, we hit on ROIC, growth, economic profit, long-term thinking, and the best way to read this book.

(0:00) Bestie intros! Gavin Baker, Ben Shapiro, and Phil Deutch join the show (7:32) GPT-5 underwhelms, benchmark saturation, OpenAI's product excellence (18:14) AI's TAM, ROIC, and energy implications (27:27) China's major advantage and how the US can counter it (43:46) Political parties picking winners, energy subsidy reversal, how the bureaucratic branch was created and how to fix it (52:38) Socialism, OBBB impact on energy, does socialism in the US rely on Mamdani in NYC? (1:10:00) Tariffs update: $125B+ revenue so far, India and Switzerland hit hard, Trump's ad hoc approach (1:27:51) Nvidia chips being smuggled to China (1:31:13) Apple's $700B in buybacks since 2015 and failing AI strategy (1:40:09) Summer reading recommendations Join us at the All-In Summit: https://allin.com/summit Summit scholarship application: http://bit.ly/4kyZqFJ Get The Besties All-In Tequila: https://tequila.allin.com Follow Ben: https://x.com/benshapiro Follow Gavin: https://x.com/GavinSBaker Follow Phil: https://x.com/pdeutch Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.bloomberg.com/news/articles/2025-08-08/openai-s-gpt-5-met-with-mixed-reviews-confusion-in-first-day https://www.anthropic.com/news/build-ai-in-america https://www.youtube.com/watch?v=whE75zEFBpU https://www.census.gov/library/visualizations/time-series/demo/historic.html https://www.justice.gov/opa/pr/two-chinese-nationals-arrested-complaint-alleging-they-illegally-shipped-china-sensitive https://www.ft.com/content/6f806f6e-61c1-4b8d-9694-90d7328a7b54

BONUS: Elliott Parker on Breaking The Illusion of Innovation and Why Large Organizations Struggle to Innovate In this BONUS episode, we dive deep into the paradox of modern corporate innovation with Elliott Parker, CEO of Alloy Partners. Elliott shares his insights on why well-managed organizations often struggle with innovation, the critical difference between execution and learning challenges, and how venture studios can bridge the gap between corporate resources and startup agility. In this episode, we explore Elliott's book The Illusion of Innovation.  The Golden Gate Bridge Paradox "It took 7 years to add a safety net to a bridge that took 3 years to build." Elliott opens with a striking example that illustrates the central thesis of his work. Large organizations today are paradoxically less capable of handling opportunities and challenges despite being better managed than ever before. The irony lies in their very efficiency—modern corporations have become so optimized for capital efficiency and short-term profits that they've inadvertently sacrificed their capacity for future innovation. This focus on Return on Invested Capital (ROIC) creates organizations that excel at managing existing assets but struggle with the uncertainty required for breakthrough innovation. The Corporate Innovation Anti-Pattern "The more the innovation team borrows from the business, the more the innovation team starts to look like the original organization." Elliott reflects on a belief he once held and now completely disagrees with—that corporate innovation teams could successfully drive disruptive innovation from within. Having worked in corporate innovation focused on IP licensing and later in venture capital, he discovered that these internal teams, while excellent at expanding existing business models, inevitably become constrained by the very organization they're meant to transform. The solution he advocates is funding startups outside larger organizations, where there's nothing to preserve or perpetuate, allowing for true disruptive thinking. In this segment, we talk about Clayton Christensen's Disruption Theory which he explored in the now famous book: The Innovator's Dilemma. Execution vs. Learning Challenges "Moving slow is a feature of corporations, not a bug." One of Elliott's key frameworks distinguishes between execution challenges and learning challenges. Corporations are brilliantly designed for execution—when the problem and solution are known, they excel. However, learning problems, where the problem is clear but the solution unknown, require a fundamentally different approach. Elliott suggests marrying the best of both worlds: leveraging the funding and market research capabilities of large organizations with the disruptive ideas and solution-seeking agility of startups. He provocatively suggests treating communication around innovation as something to be avoided until solutions are proven, advocating for working in silos until innovation actually works. The Controlled Burn Philosophy "The only way to get data about the future is to collect data by running experiments." Elliott introduces the concept of "controlled burn" using forest fire management as a metaphor for corporate innovation. Just as western US forests have become dangerously dense from aggressive fire suppression, corporations have become fragile by avoiding all risk and experimentation. We can't predict the future, and there's no existing data about what's coming—the only way to generate future insights is through deliberate experimentation. However, managers are typically incentivized to avoid experiments and minimize risk, creating the organizational equivalent of dense forests prone to devastating fires when disruption eventually arrives. Creating Safe-to-Fail Environments "In corporates we focus on frequency of correctness. In startups we focus on magnitude of correctness." After initially believing he could change organizations from within, Elliott learned that creating truly safe-to-fail environments within established companies is nearly impossible. This realization led him to focus on creating startups as the perfect vehicle for business model experimentation. The fundamental difference in mindset is crucial: corporations optimize for being right most of the time, while startups optimize for the size of their wins when they are right, embracing a venture capital-like approach to innovation where occasional big wins compensate for frequent small failures. Shifting from Wealth to Knowledge Generation "Civilizations fail because they don't innovate fast enough." Drawing on insights from David Deutsch's work on learning and innovation, Elliott argues that long-term resilience comes from learning, not just wealth generation. He advocates for shifting corporate conversations from immediate wealth generation to knowledge and learning, positioning companies as explorers of innovation and business models. This requires different funding mechanisms—moving away from operational budgets managed through traditional Excel-based metrics toward "patient capital" that can sustain the uncertainty inherent in true innovation. Traditional management approaches lack the passion needed for breakthrough innovation. In this segment, we refer to David Deutsch's book The Beginning of Infinity: Explanations that Transform The World. About Elliott Parker Elliott Parker is CEO of Alloy Partners, where he helps corporations and universities launch startups through a venture studio model. A former Innosight consultant and entrepreneur, he's passionate about bridging big companies with startup ecosystems to unlock real innovation and long-term growth in an increasingly distributed world. You can link with Elliott Parker on LinkedIn.

Президенты России и США встретятся! Владимир Путин и Дональд Трамп согласовали первую встречу с начала украинского конфликта. Рынок взлетел! Какие акции вырастут еще? В выпуске обсуждаем, что будет с валютой и какие инструменты выбрать, пока идет подготовка встречи лидеров России и США. Рассказываем о ситуации с «Газпромом» и «Юнипро». А также говорим про отчет Ozon и дивиденды «Фосагро». Отвечаем, каких акций не должно быть в портфеле и многое другое!Полезные ссылки:Откройте счет в БКС: https://s.bcs.ru/zE65JЭфир про то, как собрать портфель: https://vkvideo.ru/video-16289875_456241030Эфир про то, как не потерять деньги: https://vkvideo.ru/video-16289875_456241032  Опрос инвесторов: https://vk.cc/cOqynAКанал Евгения Когана: https://vkvideo.ru/@bitkogan⁩Про криптовалюту на БКС Экспресс: https://vk.cc/cNCUS1Telegram-канал БКС Экспресс: https://bit.ly/3HgnWdKTelegram-канал БКС Мир инвестиций: https://bit.ly/3SeJkX1Таймкоды:00:00 Вступление00:23 Президенты встретятся! Какие акции вырастут?05:19 Ответы на вопросы зрителей05:29 Каких акций не должно быть в портфеле?05:56 Когда приходят дивиденды?06:25 При каком размере ставки деньги перетекут в акции?06:42 При снижении ставки будут дорожать компании с высоким ROIC?07:05 С учетом налога с прибыли по акциям облигации привлекательнее?08:18 Стоит ли инвестировать в корпоративные облигации?08:47 Упадут ли акции банков после внедрения цифрового рубля?09:21 Про допэмиссию ВТБ?10:29 Какие драйверы у ММК?11:08 «Яндекс» или «Хэдхантер»?12:15 Про хакерские атаки на российские компании12:38 Изменится ли дивиденд X5?13:12 Дивиденды «Промомеда»13:47 Как снизить налоги при инвестировании?14:08 Про выгоду ИИС15:11 Конкурс!15:58 Ситуация с «Газпромом»16:23 Дивиденды «Фосагро»16:55 Результаты Ozon17:31 Отчет «Норникеля»18:08 Результаты ЮГК18:42 Отчет «Юнипро»19:03 Новости криптовалюты19:39 Новости макроэкономики20:13 Новости рынков21:17 Идеи22:12 Главные события следующей неделиВедущий — Всеволод Зубов, руководитель департамента автоследования БКС.#бкс #инвестиции #акции #экономика #новости

In this Dialogue episode of The Synopsis, Drew has a "dialogue" of one as he reviews 2Q25 earnings from Floor & Decor and Meta. You can find free versions of these updates below.  Meta 2Q25 Business Update  Floor & Decor 2Q25 Business Update If you want to get a free trial to access >200k AlphaSense expert call transcripts, you this link here.  ~*~ For full access to all of our updates and in-depth research reports become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Intro (1:24) — Floor & Decor 2Q25 Update (16:07) — Meta 2Q25 Update  -*-*-*-*-*-*-*-*-*-*-*-*-*-*- For full access to all of our updates and in-depth research reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of publication, one or more contributors to this report has a position in META and FND. Furthermore, accounts one or more contributors advise on may also have a position in META and FND. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

Tenha acesso a +15 modelos de IA, cursos, ferramentas exclusivas e 30 dias grátis pra testar: https://go.adapta.org/campaign/adapta-mm-youtube Aprenda a rastrear ações promissoras antes do consenso do mercado no Bússola do Valor, encontro online e gratuito com Thiago Salomão e Matheus Soares: https://lp.mmakers.com.br/bussola-do-valor-encontro-online?xpromo=MI-M3CBUSSOLA-YT-DESCRICAO-X-20250710-DESCRICAOSOBRECONVITEPARABUSSOLA-MM-X Vender a melhor empresa da bolsa é a maior burrada ou o segredo para uma rentabilidade gigantesca? No episódio 235 do Market Makers, Octávio Magalhães, gestor da Guepardo Investimentos, revela em detalhes por que tomou uma decisão polêmica: vender toda a sua posição em Itaú, uma das queridinhas da bolsa e presente em sua carteira há 6 anos.Ele explica que, embora o banco seja uma empresa espetacular, o trabalho de um gestor é encontrar as maiores assimetrias, e o dinheiro da venda foi para papéis com potencial de retorno muito maior. Octávio abre sua filosofia de investimentos, mostrando que o segredo não está no cenário macroeconômico – que ele afirma ter "zero" influência em suas decisões –, mas sim em uma análise profunda e qualitativa das empresas, buscando negócios fantásticos que o mercado, por algum motivo pontual, está odiando. Ele detalha as teses de investimento em empresas como Klabin (KLBN11), que ele acredita estar num ponto de inflexão com o ROIC prestes a explodir, Fleury (FLRY3), que na sua visão corrigiu o erro de alocação de capital após a fusão com o Pardini, e Ultrapar (UGPA3), que apesar de balanços ruins no curto prazo, apresenta uma oportunidade imensa.O gestor ainda conta a história por trás do investimento em Vulcabras (VULC3), explicando como a gestão excepcional dos irmãos Bartelle transformou a empresa e por que a ação, mesmo após a alta, continua fora do radar. Para ele, o investidor precisa agir como um dono de negócio, preparado para ficar décadas com uma ação, mas pronto para vender quando o preço fica justo e a festa do mercado começa.E para você, qual é a ação da sua carteira que o mercado inteiro parece odiar, mas que você confia para o longo prazo? 

My guest on the show today is Ryan Telford, Head of Evidence-Based Research at MicroCapClub. In this episode, Ryan breaks down the performance and methodology behind the MC Guts MicroCap Index — a quant-driven benchmark launched by MicroCapClub to track microcap stocks in the U.S., Canada, and Europe. We discuss why Canada and Europe are outperforming while the U.S. lags in 2025, sector rotation, and how Ryan's “GUTS” framework — Growth, Undervalued, Timing, and Sentiment — identifies overlooked opportunities in the microcap universe. Ryan also shares how the index filters for quality, liquidity, and momentum, and how his research is challenging some of the conventional wisdom around dividend payers, ROIC, and the 52-week low strategy. For more information about MicroCapClub, please visit: https://microcapclub.com/ You can Follow Ryan Telford on Twitter/X @RTelford_invest: https://x.com/RTelford_Invest Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

In this Company episode of The Synopsis we draw on our 108-page research report on Airbnb; the company that pioneered the sharing economy and become a Silicon Valley poster child for what a succesful start-up can become.  Having started as a means to pay rent, Airbnb quickly turned into one of the world's largest accommodations provider. In a matter of just a decade, Airbnb was able to host more guests than Hilton could in 100 years. However, despite their large impact in how tens of millions of people traveled and millions more monetized  their unused properties, they struggled for years to turn a profit. That is until founder Brian Chesky decided to do something drastic and reshape the business—in the midst of Covid no less. In the matter of just a few years he took the business from losing $4bn a year to generating $3bn annually in free cash flow. With Airbnb having a firm grasp on the Alternative Accommodations segment, they are preparing to enter into new businesses and new verticals. Tune in for all of this and more!  Learn more about our 108-page report here.  For full access to all of our in-depth research reports, become a Speedwell Member here.  If you need help getting Speedwell Research to become an approved research vendor, so you can expense your subscription, please email info@speedwellresearch.com  *~*~*~* Mentioned Speedwell Memos:  Minimum Viable Products versus Maximum Possible Products Introducing the Piton Network Concept -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Airbnb Intro Section 1: Business History (5:33) — From RISD to SF (19:05) — Cereal Boxes, Y Combinator (34:12) — Early Airbnb Experience, Competitors, International (43:10) — First Disaster (47:21) — Toshi Hotels, Regulation  (52:50) — Covid, Pulling the IPO (1:01:50) — IPO *~*~* Section 2: Industry and TAM (1:05:27) — Business, How do they Make Money? (1:18:13) — Experiences (1:22:31) — Margins and Cost Structure (1:25:26) — TAM Discussion (1:39:21) — Categories of Competition *~*~* Section 3: Competitors and Competitive Differentiation (1:42:16) — Booking Competition (1:52:21) — Merchant vs Agent Business Model, OTAs (2:02:17) — Booking's Alternative Accommodation Push, Booking vs Airbnb (2:12:25) — Expedia, VRBO (2:25:47) — Other Competitors (2:30:47) — Comparing all Competitors, Network Effects, Differentiation (2:45:26) — Competitive Advantages (2:54:28) — Airbnb Negatives *~*~* Section 4: Other Bets, Capital Allocation, Valuation (2:58:33) — New Services, Super App (3:13:25) — ROIC and Free Cash Flow (3:20:04) — Capital Allocation, Stock Awards (3:27:44) — Growth Drivers (3:35:42) — Valuation (3:37:11) — Risks and Conclusion -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!   Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of recording contributors had a position in Airbnb. Furthermore, accounts contributors advise on also may have  a position in Airbnb. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

On this episode of Chit Chat Stocks, we research Joel Greenblatt and what we can learn from the investor who put up 50% annualized returns before fees for Gotham Capital. We discuss:(02:55) Who is Joel Greenblatt?(08:34) Gotham Capital's Performance(11:36) Special Situations Investing(12:34) Understanding Spin-Offs(19:30) Mergers and Arbitrage(23:35) Bankruptcies and Restructurings(32:35) Recapitalizations, Options, and Leaps(36:19) Understanding the Little Book: Quality Stocks at Cheap Prices(41:11) Screening for Value: EV to EBIT and ROIC(49:13) The Magic Formula: Combining Quality and Value(57:59) Lessons from Joel Greenblatt: Complexity and Homework*****************************************************JOIN OUR NEWSLETTER AND FREE CHAT COMMUNITY: https://chitchatstocks.substack.com/ *********************************************************************Chit Chat Stocks is presented by Interactive Brokers. Get professional pricing, global access, and premier technology with the best brokerage for investors today: https://www.interactivebrokers.com/ Interactive Brokers is a member of SIPC. *********************************************************************FinChat.io is the complete stock research platform for fundamental investors.With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.Use our LINK and get 15% off any premium plan: ⁠finchat.io/chitchat *********************************************************************Bluechippers Club is a tight-knit community of stock focused investors. Members share ideas, participate in weekly calls, and compete in portfolio competitions.To join, go to ⁠Blue Chippers and apply! Link: ⁠https://bluechippersclub.com/*********************************************************************Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

► Probeer Moneybird 120 dagen gratis via: https://www.moneybird.nl/jongbeleggen Opdat we van elkaar leren: in deze aflevering twee slimme particuliere beleggers aan het woord! Pim en Milou prijzen zichzelf gelukkig met luisteraars als Frenkel en Tomas, leden uit het warme bad dat de Jong Beleggen-community is, die bereid waren naar de studio af te reizen om alles over hun manier van beleggen te delen. Met de één duiken we in zaken als ROIC en operationele hefboom, van de ander leren we portfolio's als voetbalelftal benaderen. Met aanvallers, middenvelders, verdedigers en al. Maar eerst: een nieuwe ontwikkeling in het ontrafelen van het geheim van Spotify's verdienmodel…► Uitgebreide show notes en achtergrondinformatie: https://jongbeleggendepodcast.nl/194-beleggers-aan-het-woord-frenkel-tomas ► Word Vriend: https://portfoliodividendtracker.com ► Updates via Instagram: https://www.instagram.com/jongbeleggen ► Mijn volledige portfolio: https://app.portfoliodividendtracker.com/p/jongbeleggen 1) We maken gebruik van programmatic advertising, wat inhoudt dat we geen invloed hebben op de spots die in de podcast worden afgespeeld. Dit is vergelijkbaar met tv, YouTube, radio en de krant, uiteraard met uitzondering van de advertenties die we zelf hebben ingesproken.2) Deze podcast is 100% expertise-vrij en alleen geschikt voor amusementsdoeleinden. De inhoud mag niet worden beschouwd als financieel advies.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

Send us a textIs Your Business Beating the Stock Market?In this episode of The Margin Method, Steve shares the three metrics every founder must know if they want to grow profitably and build a business that's both valuable and optional. Drawing from his experience as a CFO for a billion-dollar construction firm, he breaks down what he calls the "three efficiencies"—and how they reveal whether you're wasting money on sales, underperforming on labor, or sitting on a business that's barely outperforming an index fund.If you've ever wondered how to measure true performance, this one's for you. Steve walks you through the calculations, benchmarks, and tells you exactly where to look in your financials—without getting lost in jargon. You'll leave knowing which KPI deserves your attention... and why it might just be time to raise your standards.Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.Want to see if you're a fit for our KPI Kickoff? Check it out here: https://www.coltivar.com/boost Support the show

On today's episode, Kyle Grieve chats with James and Abigail Zimmerman about the strength of growing and sustainable cash flowing businesses; the importance of strong balance sheets; how they navigate their circle of competence, and the steps they take to expand it; why simplicity is so important in an age of complexity, how they use cash as a boost, and not a drag on returns, and much more. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 02:28 - How communities—public and private—can spark better investment ideas. 07:06 - Why free cash flow yield is their north star metric. 10:09 - How to tell if value drivers are simple or deceptively complex. 14:00 - Why staying inside your circle of competence protects your downside. 19:22 - How “Fort Knox” balance sheets help survive any market storm. 28:23 - Key signals that suggest a business can sustain high ROIC. 32:56 - What truly shows management is aligned, not just insider ownership. 43:25 - The hidden risks that make many retailers dangerous investments. 53:07 - How an equity-bond lens helps compare all asset classes. 01:06:39 - When to double down on winners. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠here⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Read about The Magic Formula here. Check out Value Investors Club here. Check out SumZero here. Check out MOI Global  here. Follow Kyle on ⁠⁠X⁠⁠ and ⁠⁠LinkedIn⁠⁠.  Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠here⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠here⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠sponsors⁠⁠⁠⁠: SimpleMining Hardblock AnchorWatch Unchained Fundrise DeleteMe CFI Education The Bitcoin Way Vanta Onramp Indeed Shopify HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠⁠rating and review⁠⁠⁠⁠ on ⁠⁠⁠⁠Spotify⁠⁠⁠⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/ Support our show by becoming a premium member! ⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

"Kâr prens ise nakit kraldır" sözünün hakkını vererek, finansal tabloların sadece rakamlardan ibaret olmadığını, her birinin aslında bir şirketin hikayesini anlattığını keşfedeceğiz. Midas Podcast'in bu bölümünde, ROIC'den nakit akışına, büyüme metriklerinden borçluluk oranlarına kadar kritik göstergeleri masaya yatırıyor, profesyonellerin gözünden finansal tablo okuma sanatını öğreniyoruz. Gerçek örnekler üzerinden, yatırımcıların en sık yaptığı hataları analiz ediyor ve bu hatalardan kaçınmanın yollarını paylaşıyoruz.İyi dinlemeler!Midas uygulamasını indir: https://app.getmidas.com/gmih/mie6gpeuX (Twitter): https://twitter.com/getmidasInstagram: https://www.instagram.com/get_midas/YouTube: https://www.youtube.com/@midasplusTikTok: https://www.tiktok.com/@midasinkulaklariMidas'ın Kulakları: https://www.getmidas.com/midasin-kulaklariNot: Bu içerik, içeriğin yayınlandığı günkü veriler ve haberler baz alınarak hazırlanmıştır. Eğer varsa içerikte geçen hedef fiyat tahminleri, uzman ve analist yorumları bu içeriğin yayınlandığı tarihte geçerlidir. Bu tahmin ve yorumlar zaman içinde değişkenlik gösterebilmektedir. Bu podcast'te yer alan haberler ve haberlerin içerdiği şirketler hakkındaki bilgiler yatırım danışmanlığı kapsamında değildir. Bahsi geçen hisselerdeki; hisse adı, fiyatı ve grafikleri de dahil temsilidir, yatırım tavsiyesi değildir.

What separates companies that have thrived for decades, like Apple, Amazon, and Google, from those that have disappeared? It all comes down to economic moats: the lasting advantages that protect profits and market share.In this episode of FinPod, we explore:What economic moats are and why they matterThe five types of moats: brand power, network effects, switching costs, cost advantages, and regulatory protectionHow to spot a company's moat through financial metrics like ROIC, gross margins, and free cash flowReal-world examples: Apple, Visa, Google, and cautionary tales like Blackberry and KodakHow finance teams like FP&A, valuation, and strategy roles protect and grow moatsThe future of moats: data, platforms, and the power of adaptabilityHow YOU can build your own personal career moat to stay competitiveIf you work in finance or strategy or are curious about how businesses stay competitive long-term, this episode is packed with practical insights.#EconomicMoats #CorporateFinance #BusinessStrategy #FPA #FinanceCareers #FinPod

In this episode of Corporate Treasury 101, we dive into the evolving role of corporate treasury and explore how it can shift from a traditional cost center to a strategic business partner. Our guest, Kurt Smith, Director at Marengo Capital and Vice President of the Australian Corporate Treasury Association, shares actionable insights on how treasury teams can move beyond operational functions and start driving enterprise value. We explore how treasurers can help define risk appetite, optimize capital allocation, and influence key business decisions. From understanding the strategic importance of metrics like ROIC and WACC to navigating internal relationships and regulatory discussions, this episode is packed with practical advice for any treasury professional looking to elevate their impact.Kurt Smith draws from decades of experience in fund management, derivatives trading, and treasury consulting to explain how corporate finance teams can move upstream in the value chain. He breaks down what it means to be a strategic treasurer, how to optimize working capital through better cash conversion cycles, and why financial acumen should be embedded across treasury teams. We also discuss the state of treasury in Australia, how ACTA supports professionals through networking and education, and how treasurers can embrace AI to free up time for higher-value work.What You'll Learn in This EpisodeHow to reposition treasury from a cost center to a value-adding business partnerThe importance of aligning treasury with enterprise risk appetite and capital allocationWhy understanding ROIC and WACC is critical for measuring impactHow to improve working capital through smarter cash conversion and internal advocacyReal-world examples of building treasury influence through operational and regulatory engagementHow ACTA is raising the bar for treasury professionals in AustraliaWhere AI fits into the future of strategic treasuryEpisode Breakdown & Timestamps[00:00] – Introduction & AFP Partnership ($100 Off CTP Certification)[01:00] – Kurt Smith's Background and Role at ACTA[03:03] – What Treasury Departments Typically Focus On[04:39] – Core Treasury Functions: Cash, Risk, and Funding[06:15] – From Cost Center to Value Creation Unit[09:12] – Defining and Influencing Risk Appetite[13:36] – Operational vs. Strategic Treasury[17:28] – KPIs that Matter: ROIC, WACC, and Enterprise Risk[20:59] – Turning Treasury into a Profit Center[26:00] – Strategic Cash Flow Management & Internal Advocacy[30:37] – Case Study: Streamlining Insurance with Tech[34:51] – Cash Conversion Cycle and Working Capital Optimization[41:50] – Creating a Competitive Internal Market for Capital[46:00] – Real-Time Cost of Capital: Why Treasury Should Own It[55:00] – Treasury in Australia: Opportunities & Challenges[01:03:00] – ACTA's Role in Supporting Treasury Professionals[01:10:00] – AI, Digital Tools & the Future of Strategic Treasury[01:24:48] – Final Thoughts & How to Connect with KurtFollow our guest Kurt Smith:LinkedIn: https://www.linkedin.com/in/kurt-smith-phd-97053515/ Website:

Send us a textMaster business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/Steve reveals the five things financially savvy CEOs focus on (and the common traps they avoid) to build cash-rich, high-growth companies.If you're ready to shift from operator to strategic thinker, this one's for you. Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Register for our April 8th financial workshop here: https://www.coltivar.com/register-for-byfiq-workshop-apr-8 Support the show

Will Chris and Karly agree on the impacts of privatization on retail? In this episode, Chris Ressa and Karly Iacono focus on significant deals such as Walgreens' privatization by Sycamore Partners, Nordstrom's strategic move to go private, and Blackstone's acquisition of ROIC. What are the implications of these changes for investors? Plus, they recap the highlights of ICSC OAC from earlier this month. Takeaways were the changing role of AI in retail and the overall sentiment in the industry.TakeawaysThe retail real estate market remains positive despite volatility.AI is becoming increasingly integrated into retail operations.Privatization can offer retailers flexibility and strategic growth opportunities.Investors need to consider the implications of ownership changes on loan covenants.Walgreens' privatization raises questions about future store closures.Nordstrom's move to go private reflects confidence in long-term growth.Blackstone's acquisition of ROIC signals bullishness in retail real estate.The trend of consolidation among public REITs continues.Retailers are exploring innovative ways to grow through acquisitions and assignments.The importance of understanding the real estate implications in privatization deals.Chapters00:00 Key Takeaways from ICSE OAC Conference05:53 The Impact of AI on Retail09:11 Understanding Retailers Going Private12:01 Financial Flexibility and Strategic Growth14:53 Real Estate Investor Perspectives on Ownership Changes17:57 Case Study: Walgreens and Sycamore Partners24:06 Case Study: Nordstrom's Strategic Move29:53 Case Study: ROIC and Blackstone's Acquisition

Welcome to What's in Store? with Karly and Chris – your insider guide to the hottest topics at the intersection of retail and real estate.In this episode, Karly and Chris dive into three high-impact stories dominating headlines: Walgreens, Nordstrom, and ROIC. From ownership transitions to evolving business strategies, this discussion breaks down what it all means for investors, landlords, and the future of retail space.Plus, hear key takeaways from ICSC OAC, a closer look at retail market trends, and how private equity and public-to-private shifts are changing the game.Timestamps:ICSC OAC Conference Takeaways: 0:43Privatization of Retailers: 8:45 Walgreens Restructuring & Strategy: 14:27Nordstrom's Strategic Moves: 28:29ROIC Case Study: 33:41If you're in commercial real estate or retail strategy, you won't want to miss this.Karly Iacono | Senior Vice President CBRE Investment Properties | Retail Capital MarketsO (201) 712-5612 | M (201) 600-3237karly.iacono@cbre.com | www.cbre.comWarning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

(0:00) Welcoming Cyan Banister and David Sacks! (3:23) Behind the scenes of the Besties in DC: White House, cabinet interviews, and more (33:00) How M&A will be unleashed, Google buys Wiz for $32B, Tim Walz on Tesla (49:09) Deep dive on Google/Wiz: breakup fee, impact on VC, ROIC, cloud advantage (1:00:28) Treasury vs Fed tension, Bond markets, consumers, deregulation (1:12:57) Space rescue, SpaceX vs China, lunar landing Thanks to our partners for making this happen: Hims: https://www.hims.com | https://www.forhers.com Gemini: https://www.gemini.com/allin iTrustCapital (use code allin): https://www.itrustcapital.com/allin Follow Cyan: https://x.com/cyantist Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: Bessent interview: https://youtu.be/lSma9suyp24 Lutnick interview: https://youtu.be/182ckTL2KBA https://www.cnbc.com/2025/03/18/google-to-acquire-cloud-security-startup-wiz-for-32-billion.html https://x.com/Tim_Walz/status/1902197581586833643 https://www.nbcnews.com/politics/politics-news/democratic-party-hits-new-polling-lowvoters-want-fight-trump-harder-rcna196161 https://x.com/elonmusk/status/1519735033950470144 https://www.ft.com/content/e6f516e8-2262-44d2-a030-7071b62b0be7 https://x.com/thesamparr/status/1902385138308104685 https://www.wsj.com/economy/central-banking/interest-rates-decision-federal-reserve-ed172223 https://www.cnbc.com/quotes/US10Y https://www.nytimes.com/2025/03/10/technology/eric-schmidt-relativity-space.html https://arstechnica.com/space/2024/11/chinas-long-term-lunar-plans-now-depend-on-developing-its-own-starship https://www.nbcnews.com/politics/elections/steve-kornacki-white-men-white-women-gap-gender-gap-rcna196791

On this Dialogue episode of The Synopsis, we  give an update on Dream Finders Homes and Floor & Decor. Check out our written business updates for $FND and $DFH below!  Dream Finders Homes 4Q24 Business Update  Floor & Decor 4Q24 Business Update ~Mentioned Memos~ Home Depot Memo: Priced to Outperform Perfection For full access to all of our updates and in-depth research reports, including our Dream Finders Homes Exploratory Report and our Floor & Decor Extensive Research Reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes Dream Finders Homes 4Q24 Business Update  *~* (0:00) — Where's the Letter? (1:34) — High Level Overview (5:27) — Acquisition Model Similar to Constellation Software (9:20) — Rare Case where ROE makes more Sense, Riff on Bank Balance Sheets (12:57) — Operating Income, Tariffs, Non-homebuilder Acquisitions (20:04) — Valuation   Floor & Decor 4Q24 Business Update *~* (24:00) — Overview, Same Store Sales Controversy (33:45) — Founder Operators versus Professional Managers, Cabinet Selection Concerns, Store Roll Outs Slowing (42:00) — Tariffs, Spartan, Operating Leverage (49:12) — Valuation -*-*-*-*-*-*-*-*-*-*-*-*-*-*- For full access to all of our updates and in-depth research reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of publication, one or more contributors to this report has a position in FND and DFH. Furthermore, accounts one or more contributors advise on may also have a position in FND and DFH. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

On this Company episode of The Synopsis we draw on our 75-page research report on Axon Enterprises, a leading law enforcement technology provider, for a very in-depth break down of the company. Founder Rick Smith took a failed concept—the TASER—and not only created a succesful business around it, but made it become a mainstay of policing. Not content to just reinvent how policing worked in the field, Axon pushed into other critical areas of law enforcement like officer video, cloud-based data management, and vertical software. A 1,000x return since going public in 2001, Axon is one of the highest returning stocks of all time. But more interesting than the investment returns, is all of the lessons we can learn from Billionaire Founder Rick Smith.  Learn more about our 75-page research report here.  For full access to all of our in-depth research reports, become a Speedwell Member here.  If you need help getting Speedwell Research to become an approved research vendor, so you can expense your subscription, please email info@speedwellresearch.com  *~*~*~* Mentioned Speedwell Memos:  Minimum Viable Products versus Maximum Possible Products How Axon's Founder Built a $35bn Business: 10 Lessons from Rick Smith -*-*-*-*-*-*-*-*-*-*- Show Notes Part 1: Founding History and Background (0:00) Axon Overview (3:34) — Background of the Advent of the TASER (12:08)— Rick Smith Reinvents the TASER and the Founding of AirTaser (15:39) — AirTaser Early Struggles (23:20) — Taser International rename, Going Public (34:36) — Broadening their Mission and Product Lines, Introducing Axon (43:47) — R&D Fumbles, Importance of Knowing when to Iterate vs Innovate (51:11) — Axon Camera Business Frictions,  Gaining Adoption and Building a Competitive Moat (1:17:57) — Concluding History *~* Part 2: Financials, Industry, Competition, and Valuation (1:26:22) — Revenue Segments, Business Model (1:43:39) — Profitability and Mature Margins (1:47:45) — Industry and TAM, Pricing Power (1:57:59) — Competition (2:29:38) — Why Axon Wins (One Breath Take) (2:33:36) — ROIC, Mature Profitability, Free Cash Flow (2:40:51) — Valuation (2:44:07) — Risks (2:49:01) — Free Axon Resources from Speedwell -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!   Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of recording contributors had a position in Perimeter Solutions. Furthermore, accounts contributors advise on also may have  a position in Perimeter Solutions. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In this insightful conversation we talk with Philz Coffee Cofounder, Jacob Jaber, on what it was like to build and operate a coffee business from a single counter in a bodega to chain of 75 stores. Jacob talks about the many things he learned operating in the extremely competitive food and beverage industry, while also distilling his experience down to general business lessons that are highly applicable to many industries. We hope you enjoy it!  *~*~*~*~*  Get access to all of Speedwell Research's in-depth Research Reports here. If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Intro (0:48) — Philz Coffee Founding History (4:25) — What Need Did Philz Coffee Fulfill? (12:14) — Forgoing Sales and Creating Fricition (16:30) — Scaling, Ambitions, and Growth (25:46) — Raising Capital,  Store Economics, ROIC (37:50) — What Changes with Scale, Keeping Consumer Surplus (43:30) — Figuring out Price, Competition (51:18) — Identifying and Investing in New Business Concepts (59:24) — How Running a Business changed Jacob as an Investor (1:05:49) — Purpose -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!   Sign up for Speedwell's free newsletter and weekly memos here *~*~*~*~*  Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In the February mailbag, Jason and Jeff tackle various listener questions including the pitfalls and strategic uses of options trading, ETFs versus individual stocks, and long-term investment strategies for kids and grandkids. They also explore the significance of return on equity (ROE) and return on invested capital (ROIC), and discuss managing stocks that have skyrocketed in value. 01:52 Mailbag Time: Listener Questions02:42 Exploring Options Trading13:20 Understanding Return on Equity and Invested Capital18:50 Investing for Future Generations23:09 Upstart: Recent Developments and Insights25:46 Economic Uncertainties and Market Reactions27:58 Confluent's Growth and Market Position30:09 Understanding Bond ETFs33:02 Closed-End Funds: Risks and Rewards34:39 Frameworks vs. Rules in Investing36:36 Navigating Stock Price Increases43:54 ETFs vs. Individual Stocks48:24 Spam Comment of the MonthCompanies mentioned: AAPL, APP, AXON, CELH, CFLT, FLNC, MELI, UPST, ZMSubscribe to our portfolio on Savvy Trader Email: investingunscripted@gmail.comTwitter: @InvestingPodCheck out our YouTube channel for more content: To get 15% off any paid plan at finchat.io, visit https://finchat.io/unscriptedListen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTubeInvesting Unscripted is brought to you by Public.com* Visit https://public.com/investingunscripted *All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The 6%+ yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 12/13/2024. A bond's yield is a function of its market price, which can fluctuate; therefore, a bond's YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule (https://public.com/disclosures/fee-schedule). Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See Bond Account Disclosures to learn more.Alpha is an AI research tool powered by GPT-4.  Alpha is experimental and may generate inaccurate responses.  Output from Alpha should not be construed as investment research or recommendations, and should not serve as the basis for any investment decision. Public makes no warranties about its accuracy, completeness, quality, or timeliness of any Alpha out. Please independently evaluate and verify any such output for your own use case.*Terms and Conditions apply.2025 Portfolio Contest2024 Portfolio Contest2023 Portfolio Contest

Formulário de Aptidão para conhecer o método exclusivo do Ricardo com Dividendos Sintéticos: https://lvnt.app/t4ykpa26/02 - COMPRE WEGE3 até R$ 48,80Olá, seja bem-vindo a mais um Fechamento de Mercado, comigo Flávio Conde e Ricardo Afonso.A recomendação de hoje é WEGE3 que caiu 8%, um absurdo, e fechou perto dos R$ 48,00. Toda essa queda ocorreu em função de uma leve retração nas margens de lucratividade com a margem EBITDA de 22,1% no 4T24 ligeiramente menor do os 22,6% do 3T24, -0,5 pp, e 0,7 pp acima dos 21,4% do 4T23 bem como margem de 15,7% x 16,0% no 3T24 e -0,3 pp, e 20,4%, -4,7 pp no 4T23. Por que as margens de lucratividade foram menores? Porque o custo do produto vendido (CPV) foi um pouco maior no 4T24 representando 66,6% das vendas versus 65,6% no 3T24 e 66,3% no 4T23.Além disso, o retorno sobre o capital investido (ROIC) alcançou 34,2% no 4T24, uma queda de 5,0 pontos percentuais em relação ao 4T23 e de 2,9 pontos percentuais em relação ao 3T24. Porém, um número muito alto que poucas cias. apresentam no Brasil.Analistas chatos podem escrever que ficaram preocupados com a leve queda de margens de lucratividade e ações caírem. Entretanto, eu não fiquei preocupado e recomendo manter as ações de WEGE3 não apenas porque se o dólar subir para R$ 5,85/5,95 as ações subirão junto, mas também porque os resultados da WEG foram sólidos, crescentes e com margens altas apesar de ligeira queda.O Ibovespa com queda em torno de -0,75%, ao redor de 125,0 mil pontos, depois de subir 0,60% ontem, com volume negociado fraco de R$ 21 bilhões, R$ 4 bilhões abaixo da média de R$ 25 bilhões, das segundas de mercado em alta em dezembro de 2023. Por que o mercado performou assim?1º. O Ibovespa negativou às 10h35 depois que o dólar começou a avançar e foi atrás durante todo o dia com o dólar fechando a R$ 5,80, alta de cinco centavos, com a volta da preocupação de economistas e investidores com a combinação inflação mais alta e risco fiscal crescendo conforme o aumento da reprovação do governo Lula é confirmada a cada pesquisa. Os juros também seguiram o dólar e avançaram bem com os títulos do Tesouro Prefixado pulando de 14,59% a.a. para 14,87% a.a. e o IPCA+2029 de 7,46% para 7,51% a.a. Os dados de emprego voltaram a surpreender em janeiro, com a criação de 137.303 vagas formais, conforme dados do Cadastro Geral de Empregados e Desempregados, o Caged, do Ministério do Trabalho, 93% acima das 70.990 esperadas pelo mercado, indicando um mercado de trabalho bastante forte apesar da alta dos juros e dos sinais de desaquecimento da economia no fim do ano passado2o. Na B3, parte de investidores venderam bem com destaques de queda de IRBR3 -17%, WEGE3 -8%, AZUL -8%, VIVT -6%, MRVE3 -6%, VBBR3 -4% e AURE -4%. Além de WEGE3, outra queda exagerada foi VIVT com -6% e vou contar a todos. 3º. Porém, parte de investidores compraram bem como: ABEV3 5%, GGBR4 3%, EMBR3 2%, CSNA3 2%, GOAU4 2%, BRFS3 1,5% e USIM5 1,3%.4º. Mercados pioram com Trump prevendo tarifas de 25% para Europa: Os índices de ações e os juros longos americanos passaram a cair na tarde desta quarta-feira, após o presidente dos Estados Unidos, Donald Trump, confirmar a taxação de importações do México e do Canadá a partir de 2 de abril e afirmar que deve divulgar em breve tributação de 25% sobre importações da União Europeia.5º. O saldo de investimentos estrangeiros no mercado secundário da Bovespa, de ações já em circulação, ficou positivo em R$ 847 milhões na segunda-feira, 24 de fevereiro, conforme dados da B3. Com isso, o saldo acumulado no mês no mercado secundário da bolsa brasileira subiu para R$ 4,2 bilhões e, no ano, para R$ 11,0 bilhões. Os estrangeiros respondem por 56,50% do volume negociado na Bovespa em fevereiro e por 57,10% no acumulado do ano.

Send us a textAre you building a business that truly creates value, or just chasing growth?In this episode, Steve breaks down the powerful connection between strategy and finance—and why Return on Invested Capital (ROIC) is the key to long-term success. Discover why profitability alone isn't enough, how 70% of bankrupt companies were still making a profit, and the crucial financial levers that separate thriving businesses from those stuck in survival mode.If you're serious about scaling with precision and maximizing value, this is an episode you can't afford to miss. Tune in now!Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.Support the show

In this episode of Dividend Talk, we dive into the world of dividend-focused ETFs available to European investors. In the News of the Week, we explore the recent sharp decline in Greggs' share price following its trading update, despite record sales. Is this an opportunity to buy, or should investors look elsewhere? The Listener Questions segment tackles a range of intriguing topics: How to prioritise investments when building a dividend portfolio. Why many REITs show negative ROIC vs WACC differences. Expectations for organic growth in diversified dividend portfolios. A thought experiment involving a €50,000 inheritance and turnaround companies. Finally, we wrap up with stock-specific discussions, including Schneider Electric, PepsiCo, and Eaton, while addressing questions on private equity, T. Rowe Price, and Sonoco Products.

On this Company episode of The Synopsis we cover Perimeter Solutions. Perimeter Solutions is the sole provider of a key fire fighting product, as well as other fire safety solutons. They went public through an acquistion vehicle controlled by Transdigm Founder and Billionaire, Nick Howley, as well as "The Outsiders" Author, William Thorndike. Nick Howley wants to apply the same model that made Transdigm so succesful to Perimeter Solutions.  Access the Free Portion of our Perimeter Solutions Exploratory Report Here  For full access to all of our in-depth research reports, become a Speedwell Member here.  If you need help getting Speedwell Research to become an approved research vendor, so you can expense your subscription, please email info@speedwellresearch.com  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:47) Background Story on their Main Firefighting Product (4:42) — Corporate History and Everarc SPAC (7:57) — Aren't SPACs a red flag? Weird Compensation Agreement (13:03) — Business High Level Overview: Fire Safety and Specialty Products (18:45) — Adjusted EBITDA??? (20:30) — Figures and Margins (24:30) — Competitive Advantages of each Business Lines (40:17) — Growth Opportunities (53:22) — Capital Allocation and Transdigm Parallels (1:04:53) — ROIC (1:07:55) — Odd Compensation Arrangement (1:15:47) — Valuation (1:17:34) — You Should Know This -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!   Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discusessed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of recording contributors had a position in Perimeter Solutions. Furthermore, accounts contributors advise on also may have  a position in Perimeter Solutions. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In today's episode, Shawn O'Malley (@Shawn_OMalley_) explores the fundamentals of, and merits in, being a long-term, quality-focused investor, using John Huber's success and philosophy as an example to follow. Huber is the rare money manager who truly aligns incentives with his investors by using the template created by Warren Buffett back in his days before Berkshire Hathaway.  You'll learn about what makes Huber's fee structure special, Huber's philosophy for investing long-term in high-quality companies, how time-arbitrage gives long-term investors a structural advantage in markets, how to blend both a focus on value and quality, the importance of assessing compounding power, how much to pay for quality companies, how changes in valuation multiples affect returns even for great businesses, plus so much more!  Prefer to watch? Click here to watch this episode on YouTube. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 01:36 - Why John Huber used the Buffett partnership fee structure in his fund 03:44 - How time-arbitrage gives investors an advantage over time 04:55 - What it means to find investments where you can win big, and if you lose, not lose much 11:40 - How to calculate ROIC and why it matters for compounders 28:11 - What price to pay for the highest-quality businesses 32:33 - How changes in price-to-earnings multiples can affect returns over time 35:36 - How to blend both value and quality as investing styles And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Saber Capital Management's website. Check out What Is Your Investing Edge? Article from John Huber. John Huber's latest interviews on Millennial Investing (YouTube Video) and We Study Billionaires (YouTube Video). Follow John's Substack: Base Hit Investing. Buffett's 1987 shareholder letter discussing returns on capital. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Toyota Facet Fundrise Public Bluehost Airbnb Fundrise NetSuite Connect with Shawn: Twitter | LinkedIn | Email HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Send us a textIs your business truly profitable, or just looking good on paper? In this episode of Boosting Your Financial IQ, Steve Coughran dives deep into the often-misunderstood world of profitability.Drawing insights from his book Outsizing and research on 300+ companies, he explains why accounting profit doesn't always reflect a company's real financial health. Steve reveals the critical metrics every business owner should know—like return on invested capital (ROIC) and cash flow—and shares surprising findings on how only a small percentage of businesses capture the majority of profits.Tune in to uncover what it really takes to drive lasting value!Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Register for the free Measure What Matters Webinar here: https://www.coltivar.com/measure-what-matters-webinar Support the show

In this company episode on CoStar Group, Speedwell Research draws on their extensive research report to cover everything from Founder Andy Florance's entrance into the real estate data space from his Princeton dorm room to becoming the dominant real estate data and analytics provider. Florance not only beat out competition in the commerical data space, but succesfully entered several new markets including taking a fledging apartments listing platform and driving it to the #1 spot. Today CoStar is looking to do it again with Homes.com, while still aggresviely expanding their growing array of internet real estate businesses. Learn the inner workings of the real estate data and markeplace business, as well as how a company succesfully expanded far beyond their original core product and continues to find new markets to fight after. We hope you enjoy!    Company Description: Real estate data & analytics provider and operator of real estate marketplace. Purchase the full CoStar Group Report here.  More details on our CoStar Group Report  here.  Purchase a Speedwell Membership to gain access to all of our Reports here.   -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes Section 1: History and Background (2:45) — High Level CoStar Overview (6:15) — Founding History Starts (16:52) — IPOing  (26:54) —  2008 Financial Crisis  (35:40) — Lawsuits and LoopNet  (49:44) — Apartments.com acquisition (59:46) — Xcelligent Lawsuit and the Last of the Direct Competitors (1:04:56) — Closing Out History and S&P 500 Addition * Section 2: The Business  (1:07:35) — Business Section Overview  (1:21:30) — Multifamily and Apartments.com Business (1:29:00) — Residential Overview (1:30:43) — Loopnet Overview (1:34:07) — Other Businesses/ Wrapping Up Business Section * Section 3: TAM and Industry (1:43:13) — TAM Overview (1:50:29) —  How the Residential Industry Works (2:01:15) — Multifamily Industry * Section 4: Competition (2:08:53) — CoStar Competitors (2:15:35) — Why Does CoStar Win (2:23:48) — Why LoopNet Wins (2:25:30) — Zillow and Apartments.com Competition (2:34:03) — Homes.com vs Zillow * Section 5: Growth Opportunites, Capital Allocation, and Valuation (2:40:45) — International (2:46:38) — ROIC, Free Cash Flow,  (2:54:06) — Dilution and Capital Allocation (3:00:33) — Valuation (3:05:45) — Risks (3:10:50) — Bull / Bear Summary (3:15:50) — Conclusion -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Purchase the full CoStar Group Report here.  More details on our CoStar Group Report  here.  Purchase a Speedwell Membership to gain access to all Reports here.   *~* Twitter: @Speedwell_LLC  Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. At the time of publishing, one or more contributors to the podcast had a position in Costar Group. Furthermore, accounts one or more contributors advise on may also have a position in CoStar Group. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ 

In this episode, CJ interviews Anthony “Tony” Boor, Executive Vice President and CFO of Blackbaud, who shares the unique path he took from working at a motorcycle shop in New Mexico to becoming a CFO. Tony reflects on his first management experiences and the lessons learned as he navigated his early career. The conversation dives into the evolving role of CFOs, particularly as they take on more GM responsibilities. Tony offers insights into Blackbaud's business model, its revenue layer cake strategy, and their expansion into verticals like payments, which sees over $100 billion processed through their platform annually. He discusses how they monetize this and secure a competitive edge. Tony also introduces his approach to efficiency metrics, including ARR per OTE, and elaborates on key financial concepts like EVA and ROIC. The interview explores his consolidation philosophy focused on simplifying, standardizing, and automating, and how this has played out at Blackbaud. Tune in to hear Tony's insights on building the right team to propel a career forward in the long-ass lightning round and a fascinating embezzlement story.If you're looking for an ERP head to NetSuite: https://netsuite.com/metrics and get a customized KPI checklist.—SPONSORS:Leapfin is accounting automation software that automatically prepares and posts reliable journal entries. High-growth businesses like Reddit, Canva, and Seat Geek choose Leapfin to eliminate manual tasks, accelerate month-end close, and enable accounting leaders to provide faster insights to help their companies grow. To automatically standardize your revenue data with measurable business impact, check out leapfin.com today.Planful is a financial performance management platform designed to streamline financial tasks for businesses. It helps with budgeting, closing the books, and financial reporting, all on a cloud-based platform. By improving the efficiency and accuracy of these processes, Planful allows businesses to make better financial decisions. Find out more at www.planful.com/metrics.Mercury is the fintech ambitious companies use for banking and all their financial workflows. With a powerful bank account at the center of their operations, companies can make better financial decisions and ensure that every dollar spent aligns with company priorities. That's why over 100K startups choose Mercury to confidently run all their financial operations with the precision, control, and focus they need to operate at their best. Learn more at mercury.com.Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.NetSuite provides financial software for all your business needs. More than 38,000 thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: https://netsuite.com/metrics and get a customized KPI checklist.Maxio is the only billing and financial operations platform that was purpose built for B2B SaaS. They're helping SaaS finance teams automate billing and revenue recognition, manage collections and payments, and put together investor grade reporting packages.

Feeling stuck on how to start with property investing?  We've all been there.  But what if we told you that everyday people, like Leah Finch, are doubling their money in just over a year?  For today's episode of Dashdot Insider, Leah shares how she saw a 109% return on her first investment property in just 16 months.  Leah and her partner dove into the world of property investing with no special background—just determination, the right advice, and a plan.  Now, they're on track to secure the future they've dreamed of, with more time to enjoy life and less financial stress. It's not a fluke. It's about making smart decisions, using data, and taking that first leap. Curious how she did it and want to learn how you can, too? Tune in to this episode and hear her story firsthand.  If you love this episode, email us at podcast@dashdot.com.au, and don't forget to subscribe, rate, and share this podcast.  See you on the inside!    In this episode, we cover: 00:00 Coming Up 02:28 Education and Inspiration: Kickstarting Your Property Journey 05:07 Partnership Dynamics: Navigating Different Decision-Making Styles 05:50 Emotional Rollercoaster: Celebrating Milestones and Success 13:12 How to Achieve Your Property Investment Goals 17:47 What's Next for Future Investments   Connect With Us: Free Rentvesting Calculator (https://dashdot.com.au/rentvesting)  Subscribe on Youtube (https://www.youtube.com/@dashdotinsider)  Listen on Spotify (https://spoti.fi/3Np19x8) Dashdot Website (https://www.dashdot.com.au/) Ready to work with us directly? (https://dashdot.com.au/discovery) Get your Property Portfolio Growth Plan (https://dashdot.com.au/portfoliogrowthplan) See omnystudio.com/listener for privacy information.

Clay Finck chats with Alexander Morris about the initial things Alex looks at when analyzing a company, why paying up for quality companies is acceptable for long-term investors, how ROIC plays a role in Alex's investment decisions, why Alex recently added Spotify to his portfolio, how Alex thinks about Spotify's valuation and their path to profitability, and much more! Alexander Morris provides high-quality equity research with deep dive company analysis and complete portfolio transparency through his newsletter, The Science of Hitting. Prior to working on his newsletter full-time, Alex was an analyst for an RIA for 10 years. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 03:00 - The initial things Alex looks at when analyzing a company. 08:37 - Why paying up for quality companies is acceptable for long-term investors. 11:33 - How ROIC plays a role in Alex's investment decisions. 13:58 - What the objective of Alex's portfolio is. 32:37 - Why Alex recently added Spotify to his portfolio. 35:59 - How Alex thinks about Spotify's valuation and their path to profitability. 44:38 - The mistakes that Alex has learned over the years. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out Alex's Newsletter. Read Sven Carlsson's book, The Spotify Play. Read Peter Lynch's book, One Up on Wall Street. Read Peter Lynch's book, Beating the Street. Read Berkshire's shareholder letters. Related episode: Listen to MI149: Peter Lynch & GARP Investing w/ Robert Reynolds, or watch the video. Related episode: Listen to MI131: Richer, Wiser, Happier w/ William Green, or watch the video. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Range Rover Public Toyota Airbnb Facet Found Fundrise NetSuite Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

How can you tell if your business truly has a competitive advantage? It's not just about having great people or believing in your product—it's about tangible results. Learn how to identify and measure real competitive advantages by examining your return on invested capital (ROIC) and comparing it to your weighted average cost of capital (WACC). If your ROIC is significantly higher than your WACC, you might be on the path to success. Tune in for insights on building and leveraging advantages that your customers actually care about, ensuring long-term profitability and business growth.Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information. Support the show

 In this insightful lesson, we delve into the crucial aspects of assessing your business's financial health, focusing on understanding the true profitability and economic performance of your company. If you're relying solely on income statements to gauge your financial success, you might be overlooking key insights. This lesson breaks down why it's essential to go beyond just profit margins and look at other critical metrics to fully grasp your business's economic reality.  This lesson is perfect for entrepreneurs, financial analysts, and business owners who want to enhance their financial acumen and avoid costly mistakes. By mastering these financial metrics and concepts, you'll be better equipped to evaluate your business's performance, make strategic decisions, and drive sustainable growth. Support the Show.

On this Company episode of The Synopsis we cover Porsche AG. Porsche is a brand that has tried to become "luxury at scale" with over 300k units produced annually versus undisputed luxury car brands who produce closer to ~10k. While their strategy might have diluted their brand, they still enjoy superior positioning compared to most premium car manufacturs like BMW and Mercedes-Benz.  Listen to this episiode to learn not just about Porsche's history and business model, but also about the car industry and different car manufacturer's strategies.  Access the Free Portion of our Porsche AG Exploratory Report Here For full access to all of our in-depth research reports, become a Speedwell Member here.  Memos Referenced in the Episode: Value Capture Index Introduction -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:17) Why Research Porsche?  (3:22) Porsche History  (15:14) Crises in Porsche's History  (18:23) Corporate Structure (24:32) - The Automotive Industry (29:39) - Industry Production Figures and Company Financial Profiles (32:21) Value Capture Index and Competitior Business Models (45:08) ROIC and Earnings Improvements (51:02) Risks and Closing Comments -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!   Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discusessed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of recording no contributor had a position in Porsche AG. Furthermore, accounts contributors advise on also did not currently have a position in Porsche AG. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

Welcome to DividendTalk, where we dive into the latest news, strategies, and tips for dividend investors. In Episode 201, we're exploring three European companies boasting impressive Return on Invested Capital (ROIC). News of the week: - **Nationale-Nederlanden's New Venture**: Dutch insurer Nationale-Nederlanden is set to launch a digital bank next year. Joris from DGI shares his thoughts on this strategic move. Main Topic: Warren Buffett once said, "Leaving the question of price aside, the best business to own is one that can employ large amounts of incremental capital over an extended period at very high rates of return." In this episode, we break down what ROIC is, why it's crucial for investors, and how it's calculated. We also compare ROIC with other financial metrics like ROI and ROCE, and discuss the significance of comparing ROIC with a company's Weighted Average Cost of Capital (WACC). We then discuss 3 European examples after the theoretical introduction. Last but not least, we also discuss several of our listeners questions. Tune in for insightful discussions and expert analysis on these topics and more in Episode 201 of DividendTalk!

Omdat de beleggerswereld groter is dan alleen de dagelijkse beslommeringen van Pim en Milou komen in deze aflevering twee andere beleggers aan het woord: Guido (32) en Ronald (59). Deze vanaf het begin zeer betrokken beleggers in de Jong Beleggen-community nemen je mee in hun portfolio, beleggersbeslissingen en strategie. Beiden beleggen ze in kwaliteit, maar verschil mag er wezen: de één is vrachtwagenchauffeur en houdt van high margin-bedrijven, de ander belegt voor een iets concreter doel dan de meeste lange termijnbeleggers, wat noopt tot andere keuzes. Ook komen we even kort terug op de vorige aflevering over ROIC.► Uitgebreide show notes en achtergrondinformatie: https://jongbeleggendepodcast.nl/165-particuliere-beleggers-aan-het-woord-met-guido-ronald ► Word Vriend: https://portfoliodividendtracker.com ► Updates via Instagram: https://www.instagram.com/jongbeleggen ► Mijn volledige portfolio: https://app.portfoliodividendtracker.com/p/jongbeleggen 1) We maken gebruik van programmatic advertising, wat inhoudt dat we geen invloed hebben op de spots die in de podcast worden afgespeeld. Dit is vergelijkbaar met tv, YouTube, radio en de krant, uiteraard met uitzondering van de advertenties die we zelf hebben ingesproken.2) Deze podcast is 100% expertise-vrij en alleen geschikt voor amusementsdoeleinden. De inhoud mag niet worden beschouwd als financieel advies.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

De metric ROIC bevat veel voor beleggers zeer belangrijke informatie over een bedrijf. Het vertelt je hoeveel waarde een bedrijf creëert dan wel vernietigt, het zegt iets over de aanwezigheid van een competitief voordeel en het laat zien in hoeverre een bedrijf in staat is zijn eigen groei te financieren. Kortom: bijzonder waardevolle informatie, en dus een metric waar iedereen goed naar zou moeten kijken. Gek genoeg wordt de ROIC in de praktijk maar weinig gebruikt. In deze aflevering hoor je hoe je ‘m gebruikt en geloof ons: dat wil je weten.► Uitgebreide show notes en achtergrondinformatie: https://jongbeleggendepodcast.nl/164-return-on-invested-capital-roic ► Word Vriend: https://portfoliodividendtracker.com ► Updates via Instagram: https://www.instagram.com/jongbeleggen ► Mijn volledige portfolio: https://app.portfoliodividendtracker.com/p/jongbeleggen 1) We maken gebruik van programmatic advertising, wat inhoudt dat we geen invloed hebben op de spots die in de podcast worden afgespeeld. Dit is vergelijkbaar met tv, YouTube, radio en de krant, uiteraard met uitzondering van de advertenties die we zelf hebben ingesproken.2) Deze podcast is 100% expertise-vrij en alleen geschikt voor amusementsdoeleinden. De inhoud mag niet worden beschouwd als financieel advies.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

In this company episode on Constellation Software, Speedwell Research draws on their extensive research report to cover everything from Mark Leonard's early insight into the quality of Vertical Market Software Businesses to their unique operating structure. Investors can learn not only about the software business, but also about how Constellation Software has created a conglomerate of hundreds of companies through an impressive multi-decade acquistion spree, all while keeping capital allocation discipline.  We hope you enjoy!    Company Description: A decentralized and acquisitive conglomerate of Vertical Market Software Companies based out of Canada. Purchase the full Constellation Software Report here.  Purchase a Speedwell Membership to gain access to all Reports here.  -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes Section 1: History and Background (0:00) Intro (0:58) Constellation Software High-Level Business Description (5:01) Mark Leonard History and Constellation Software Background  (10:31) Constellation Software IPO  *~* Section 2: Vertical Market Software (13:25) What is VMS and Competitive Advantages  (20:37) Financial Model Benefits *~* Section 3: Corporate Structure and Revenue Segments  (23:32) Six Groups  (33:54) Revenue Segments and Context (38:41) How SaaS Changes Things  (44:29) Constellation Software Competitive Advantages *~* Section 4: Topicus and Lumine (52:05) Topicus (1:06:46) Lumine *~* Section 5: Capital Allocation, Valuation & Risks. (1:08:37) Capital Deployment and Hurdle Rates  (1:17:29) ROIC (1:20:00) Risks  (1:23:06) Bull/ Bear Case -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Purchase the full Constellation Software Report here.  Purchase a Speedwell Membership to gain access to all Reports here.     Articles Mentioned Speedwell's Memo: From Private to Public Markets: The Detrimental Impact of Investors' Expectations *~* Twitter: @Speedwell_LLC  Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. At the time of publishing, one or more contributors to the podcast had a position in Constellation Software. Furthermore, accounts one or more contributors advise on may also have a position in Constellation Software. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/   

Based on the earnings call held on Thursday, January 25th, 2024, Southwest Airlines Co. has publicized their earnings report. The CEO communicated to investors that he has not personally made any major points in the transcript. Given this context, it is beneficial to examine the company's recently released financial figures and strategies. Southwest Airlines Co. has displayed commendable financial performance in the fourth quarter of 2023. The operating revenue, reaching $6.8 billion, exceeded market expectations, demonstrating the financial resilience of the airline. The executives acknowledged to investors during the call that Southwest Airlines' performance can be attributed to several implemented initiatives. The airline has optimized its network, matured their market presence, deployed an effective revenue management system, and enhanced customer experience through a partnership with Boeing and the modernization of digital services. With the intention of driving growth, the company focuses on targeted initiatives such as these. Southwest Airlines' performance in both leisure and corporate travel has been strong, as stated by the company on the earnings call. Market trend analysis reveals a solid demand for its services. Positive consumer sentiment is further evidenced by rising customer satisfaction scores, and the success of their managed business initiatives. Looking ahead to 2024, the executives outlined a clear plan during the earnings call. Revenue-generating strategies include continued network optimization efforts, market maturation, and increased participation in Global Distribution Systems (GDS). Operational efficiency improvement through sophisticated scheduling techniques and digital modernization are also on the plan. The goal of these initiatives is a return on invested capital (ROIC) that surpasses the airline's cost of capital for the year 2024. To conclude, Southwest Airlines Co., based on the discussion during the earnings call and the information shared with the investors, appears to be a financially stable organization that understands the importance of strategic planning. The emphasis remains on driving revenue, enhancing customer experience, and being attuned to positive consumer trends. However, like any other business entity, the future success of Southwest will depend on its ability to remain adjustable to changes in operating environment and market conditions. This earnings call is a snapshot in time and true financial resilience will be tested with time and unforeseen market forces. LUV Company info: https://finance.yahoo.com/quote/LUV/profile For more PSFK research : www.psfk.com  This email has been published and shared for the purpose of business research and is not intended as investment advice.

In this podcast on Evolution, Speedwell Research draws on their 74-page report to cover everything from the company's inception experimenting with a single roulette wheel to a global business with 60%+ margins. Studying this extremely unique business will teach listeners about the importance of value chain positioning, using negotiating leverage, and how to maintain a very lucrative business in a highly competitive industry. Everyone says the house aways wins, but not in the online casino world where it is the supplier, and Evolution is the largest supplier. We hope you enjoy!    Company Description: B2B supplier in the online casino space specializing in the live casino vertical. Purchase the full Evolution Report here.  Purchase a Speedwell Membership to gain access to all Reports here.  -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes Section 1: History and Background (0:00) Intro (2:20) Evolution High-Level Business Description (5:01) Evolution History and Background  *~* Section 2: TAM and Market Differences  (35:32) TAM Overview (40:05) Grey and Black Markets (44:38) Aggregators (53:35) North America Regulation  *~* Section 3: Business Model (1:00:59) How they Make Money  (1:05:07) How Evolution Differentiates *~* Section 4: Competition (1:17:55) Competition Overview (1:22:33) Playtech (1:31:42) Vertical Integration (1:39:10) Pragmatic  *~* Section 5: Capital Allocation, Valuation & Risks. (1:47:30) Capital Allocation and ROIC (1:51:35) Acquisitions and Slot Business (1:59:37) Risks  (2:04:47) Valuation (2:06:39) Bull/ Bear Case -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Purchase Speedwell's EVO Report here: https://speedwellresearch.com/2023/12/19/evolution/  Become a full Speedwell Research Member here: https://speedwellresearch.com/subscribe/    Articles Mentioned Speedwell's Memo Introducing the Piton Idea: https://speedwellsnippets.substack.com/p/the-piton-network-decisions-that     Twitter: @Speedwell_LLC  Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. At the time of publishing, one or more contributors to the podcast had a position in Evolution. Furthermore, accounts one or more contributors advise on may also have a position in Evolution. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ 

“The investment management business actually looks a lot more like every other business, where there's products, there's marketing, and there's distribution, and you have to be outstanding at all three of those things in order to succeed in this business.” – Robert Cantwell, Founder and CIO of Compound Kings Chapters (00:02:23) Introduction (00:04:53) Defining a compounder (growth, profitability, high ROIC) (00:06:22) Investing in challenging markets (00:14:26) Robert's thoughts on the rise of active management (00:17:28) Why so much money is still in mutual funds (00:19:33) Thematic ETFs and where they can go wrong (00:39:05) Why investing in public markets is so challenging (00:46:09) Top three positions in Compound Kings today: Meta, ServiceNow, and Adyen (01:05:35) What it's like to build an ETF business Explore the episode notes. Search and down a transcript and find links to related books, interviews, lectures, and more: outlieracademy.com/129. About Robert Cantrell and Compound Kings. Robert Cantwell is the Founder of Upholdings and Portfolio Manager of Compound Kings, which is an exchange-traded fund focused on investing in companies often called compounders. Compounders are typically profitable, growing, and generate very high returns on invest capital (ROIC). Watch and listen. Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices

John Huber, Founder and Portfolio Manager at Saber Capital Management, joins the podcast today to describe the concept "Inevitable Retail Winners", characteristics of inevitability, as well as talking through many different examples that exemplify this concept. In addition, John shares his thesis on Floor & Decor (NYSE: FND). For more information about Saber Capital Management, please visit: https://sabercapitalmgt.com/home/ Article from Base Hit Investing: https://basehitinvesting.substack.com/p/munger-podcast-thoughts-retail-stocks YAV blog post on retail: https://www.yetanothervalueblog.com/p/cyber-monday-thoughts-part-1-retail Chapters: [0:00] Introduction + Episode sponsor: Alphasense [1:55] What is an "inevitable retail winner" and Charlie Munger's thoughts on this [10:19] Restaurants [12:34] Various retail companies mentioned, are they "inevitable retail winners"; characteristics of "inevitability" - using AutoZone as an example as well [22:09] Retail management and culture [27:33] Floor & Decor $FND: what is their moat? / customer experience / why inventory is a moat [38:55] Pro vs. DIY customer spend / comment on ROIC on new stores / does $FND want to own their own stores [45:14] Macro impact on $FND? [51:14] $FND valuation [58:20] $FND described as a "category killer" [1:00:21] $FND risks [1:03:36] Any difference in $FND pre vs. post IPO + mistakes management made in the past [1:07:16] Push back on $FND thesis: recent acquisitions and "category killer" [1:11:32] Any other retails that John thinks has a chance to be inevitable or he thinks that a lot of investors talk about in this "inevitable" way Today's episode is sponsored by: Alphasense This episode is brought to you by AlphaSense, the AI platform behind the world's biggest investment decisions. The right financial intelligence platform can make or break your quarter. AlphaSense is the #1 rated financial research solution by G2. With AI search technology and a library of premium content, you can stay ahead of key macroeconomic trends and accelerate your investment research efforts. AI capabilities, like Smart Synonyms and Sentiment Analysis, provide even deeper industry and company analysis. AlphaSense gives you the tools you need to provide better analysis for you and your clients. As a Yet Another Value Podcast listener, visit alpha-sense.com/fs today to beat FOMO and move faster than the market.

In this episode of The Synopsis we cover capital-light homebuilder, Dream Finders Homes. We dovetail into the homebuilding industry, the macro supply/ demand environment,  as well as detail Dream Finders Homes business model and how it differs from peer NVR. This podcast is informed by Speedwell Research's new short format reports, called “Exploratory Reports”. We released the first Exploratory Report on Dream Finders Homes for free (link below).  Dream Finders Homes Report Link: https://speedwellsnippets.substack.com/p/dream-finders-home-exploratory-report    -*-*-*-*-*-*-*-*-*-*- Show Notes  (0:00) - Intro, What is an Exploratory Research Piece? (2:37) - Macro Backdrop, Housing Supply/ Demand Factors (10:51) - Homebuilding as a Business  (13:57) - Dream Finders Homes History and Background (19:17) - ROIC, Financial Performance,  (22:36) - Capital-light Model vs Traditional  (27:14) - Original Capital-light Homebuilder, NVR and how NVR differs from DFH (34:08) - Competitive Factors, How do Homebuilders Differentiate?   (37:18) - Risks and Concerns  (42:36) - Closing Thoughts  (44:33) - Conclusion   -*-*-*-*-*-*-*-*-*-*-   Piece Introducing the The Value Capture Index: https://speedwellsnippets.substack.com/p/the-consumers-hierarchy-of-preferences-dc6    Speedwell's free newsletter: https://speedwellsnippets.substack.com/   More on Speedwell: https://speedwellsnippets.substack.com/p/speedwell-research-process-and-philosophy   Purchase a Speedwell Membership: https://speedwellresearch.com/subscribe/    Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. At the time of publishing, no contributors to the podcast had a position in DFH. Furthermore, accounts one or more contributors advise on did not  have a position in DFH. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/