Msft:
Bought around March during the 'Saaspocalypse' at $375 avg
19x per for 20\~30% growth rate
Companies arent replacing Ms Office + the massive firings that were supposed to happen is not happening
They have a massive cash pile + cash flow, havent issued any bonds or stocks
SM Energy:
Bought during March as the Iran War started avg $29
3.3x evebitdax using normalized oil as $75
Massively undervalued compared to peers as their debt ratio is 2 but management is using higher oil prices to deleverage rapidly
TJX:
Bought half my position at $135
Waiting for 110s to buy more
Massive discount retail chain
Per dropped from 30\~ ish to 24 and dropping
Insane quality company i just couldnt buy due to valuation
SPGI:
Bought and buying avg cost $405
One of the companies with the best MOAT
Initially declined due to fear of its market intelligence sector getting disrupted by AI
Now declining due to higher yield rates
Their fper got compressed from 33 to 20 recently
Uber:
Bought in at $69
Company with approx 20x per now excluding tax gains
15x 2027E
Everyone knows about waymo/tesla/ev
Im personally betting on the fact that consumers are lazy and tend to use apps that they are used to
If there are 5\~8 av supplier apps they arent downloading all of them to check prices
Also, availability matters a lot towards consumers wanting a quick ride
Reddit:
Bought in at $150
Talked about a LOT in this sub so I assume everyone knows
US dau worries me a bit as well but international growth is insane
\+28% dau and +12% logged in growth
Human interaction is getting more and more important
I believe that the potential is insane internationally as auto translate are bringing massive userbase from French and Spanish users
Monetization was initially the weakest link for reddit but they are getting better at it