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Mark Cooper discusses his positive outlook on Deere & Co. due to its strong market position and potential for growth in agricultural technology.

The team believes that Digicel's bonds are at risk due to the company's high debt levels and challenging market conditions, making them a poor investment.

The pitch suggests that Harvey Norman is facing challenges from changing consumer preferences and increased competition, which will adversely affect its sales and profitability.

The team argues that C.H. Robinson is overvalued due to its reliance on a cyclical industry and potential disruptions from technological advancements in logistics.

The pitch highlights concerns over Spotify's profitability and competitive position in the streaming market, suggesting that its current valuation is not justified given its financial metrics.

The team believes that Credit Acceptance Corporation's business model is unsustainable due to increasing regulatory scrutiny and potential defaults in the auto loan market, leading to a decline in its

The pitch argues that Stericycle is facing significant headwinds due to regulatory challenges and declining demand for its services, which will negatively impact its financial performance.

We established a sizeable position in Premier Foods after the board poorly rejected a takeover proposal, leading to a significant drop in the stock price. We believe there is potential for a transacti

Nintendo was identified as a classic value investment, trading at a mere 20% premium to its cash value when the investment was made. This suggests that the market is undervaluing the company's potenti

PanaHome Corp. is trading at a significant discount, with over 89% of its market cap in cash and zero leverage. The business is valued at just one and a half times earnings ex-cash, and it has strong

While SAP's strategy is not flawed, it is expected to experience slower growth relative to Oracle due to its lack of investment in cloud technology. At the right price, SAP could be an attractive inve

Oracle is in a strong competitive position due to its significant investments in cloud technology, which are beginning to pay off as their earnings growth accelerates. Despite a temporary dip in earni

Parker-Hannifin is a leader in motion control products and has a substantial aerospace business, which provides stable cash flows and long-term equity duration. The company has been a successful inves

We recommend a long on First Data Corporation with an end of 2020 price target of $39, implying a 128% absolute return and 30% IRR. FDC is a winner in an oligopolistic market with industry leading mar

We anticipate the NTM multiple to re-rate to historical levels after FLT proves consistent new customer wins and unaffected retention rates for the next few quarters. Our valuation assumes a two-year

FleetCor Technologies offers an attractive business model with strong network effects and an industry-leading return on invested capital (ROIC). The company is expected to grow revenue by approximatel

Staples is positioned to outperform Amazon in the B2B office supply market due to its dedicated sales team, fixed pricing, and superior customer service. The market has overreacted to Amazon's introdu

We are long Staples 8.5 2025 Senior Unsecured notes which are trading at 91.7 with a YTM of 10.3%. The market has overreacted to the announcement of Amazon Business Prime, dropping the newly issued bo

Google's search engine has proven to be superior to its competitors, making it difficult for new entrants to disrupt its market position. The company is expected to grow at a rate that exceeds GDP gro

Credit Acceptance is a lender of last resort for consumers with poor credit looking to buy cars. The company has a unique model that aligns its interests with car dealers, allowing it to effectively m

We’ve owned Google since maybe 2010 and recently bought more, as it now constitutes about 10% of Sequoia Fund. We believe Google is a better business growing at a much more rapid rate compared to othe

ADP is one of the greatest success stories in American industry, having grown from a market cap of $10 million to $60 billion. The company earns a 40% return on equity and has a debt-free balance shee

First Data Corporation is projected to generate over $6 billion in cumulative free cash flow over the next four years, which will significantly reduce its net debt to EBITDA ratio. This de-leveraging

CarMax has a unique business model for selling used cars that has proven difficult for competitors to replicate. The company is only halfway built out across the U.S., presenting a significant opportu