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Edgar Wachenheim III mentioned homebuilder companies like Lennar, suggesting he views them as undervalued opportunities in the current market.

Edgar Wachenheim III discussed General Motors as an example of contrarian thinking, implying he sees value in the company despite market skepticism.

Tony DeSpirito also shared that he owns Becton, Dickinson, suggesting he believes in its strong fundamentals and future performance.

Tony DeSpirito mentioned that he still owns Fortune Brands, indicating his confidence in the company's growth potential and market position.

Baker Hughes is transitioning from a cyclical oilfield services company to a higher-quality energy infrastructure and services platform. The market is undervaluing its durable infrastructure demand dr

XPEL has potential for growth through new products and verticals, as well as dealership expansion. The company's focus on conservative forecasting allows for positive surprises, and the CEO's approach

Fever-Tree is well-positioned to benefit from trends in alcohol consumption, including the rise of mocktails and wellness trends, which can lead to increased demand for high-quality mixers. The partne

Wise has built an alternative to SWIFT for international money transfers, leveraging its platform business to provide banks with a more efficient solution. This shift towards a bank-level platform cou

Installed Building Products is recognized as one of the best companies in its industry, suggesting a solid investment opportunity based on its performance.

Progressive is considered a strong performer in its industry, indicating confidence in its business model and market position.

Watsco is a technology-enabled distributor in an industry dominated by small operators. Their app connects contractors, streamlining business operations and pricing, which will help them gain a compet

Kinsale Capital has roughly 1.5% market share but excels in the insurance lines it writes, boasting a lower expense structure compared to competitors. This positions them well for growth in a niche ma

Progressive has a strong data advantage and is likely to be the most profitable company in auto insurance in five years. Despite concerns about market share and competition, the company is well-positi

Arista Networks offers a superior total-cost-of-ownership proposition for large customers like Meta and Microsoft, who rely on its technology for effective network management and power efficiency. Des

Meta has a clear use case for AI in targeted advertising, which enhances its business model. As computing power improves, Meta's ability to target ads will strengthen, making it a compelling investmen

Alphabet is a leader in AI research and capability, with strong applications including Waymo. The company’s innovative approach and powerful position in AI make it a solid long-term investment.

AAON has a strong position in liquid cooling for data centers, which is expected to see sustained demand as data center construction continues to grow, particularly with the rise of AI technologies.

Taiwan Semiconductor is a crucial supplier for leading technology companies, including Nvidia and Apple, and trades at a lower multiple than its customers. The geopolitical risks associated with the s

Constellation Software has demonstrated durability in its vertical market software assets, which are essential for clients like hospitals and municipal airports. The company’s strong culture and leade

Costco has maintained a unique business model with a commitment to a 14% gross margin, fostering exceptional customer loyalty and a strong culture. Despite the low margin, the company has achieved con

Vulcan Materials operates in a less glamorous sector of sand, gravel, and asphalt, but it demonstrates that competitive moats can exist in these types of businesses. The company's ability to generate

MercadoLibre is positioned to benefit from structural growth in Latin American e-commerce, which is currently at about 10% penetration compared to higher rates in developed markets. The company's exte

We recommend a long position in MercadoLibre with a 7–10 year horizon. Although the stock appears expensive on near-term multiples, our base-case DCF indicates significant upside and a strong IRR over

MercadoLibre is positioned to benefit from the growing e-commerce and fintech sectors in Latin America, leveraging its strong market presence and innovative solutions. The company has demonstrated rob