Category: Research – Brandon
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Mister Spex (MRX): Europe’s Best Way To Buy Glasses
Mister Spex (MRX) is Europe’s largest digitally native omnichannel retailer for eyewear products. The company sits at the inflection of three major structural tailwinds for eyewear. Additionally, European eyewear sales sport one of any consumer product’s lowest online adoption rates (10%). Online adoption should rapidly increase as millennials and Gen Z enter their prime eyewear buying…
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Mr. DIY: How Two Brothers Turned One Store Into A $5B Empire
MRDIY is a low-cost retailer with three main store concepts: Home Improvement, Toys, and Fixed Price (think dollar store). Its flagship home improvement store, Mr. DIY, offers 18,000+ products at the lowest possible cost. Products include hardware, household, electrical, and other DIY-based items. Everything a home could need minus the groceries.MRDIY owns over 840 stores throughout…
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The 2021 Classical Charting Performance Review
Most of you reading this know I love finding great businesses trading at great prices. You know, the “classic” fundamental investor type stuff. However, another passion of mine is trading classical chart patterns. And I know, charts and fundamentals are like angry uncles that won’t pay up for an old gambling debt against one another. They…
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Becoming Trader Joe: A Book Review
The more I study investing, the less I reach for investing-specific books to read. Of course, you should read “The Classics” of Buffett, Graham, and Greenwald. But there comes the point when the 19th reading of Nick Sleep’s letters adds zero value to your investing capabilities. Let’s return to the basics for a second. Shares of…
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CD Projekt (CDR): Lost Cause? Or The Metaverse For Adults?
CD Projekt (“CDPR” for short) is Poland’s leading video game developer that created the Witcher Series and Cyberpunk 2077, among other games.What’s the opportunity: The bear argument is straightforward. Bears believe that the Cyberpunk fumble permanently damaged CDPR’s reputation with old/new gamers. This dwindling reputation will lead to fewer sales over time, less popular titles, and a substantially reduced IP value.With…
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HeadHunter (HHR): One Of The Best Network Effect Businesses I’ve Ever Seen
HeadHunter (HHR) operates an online recruitment platform in Russia, Kazakhstan, Belarus, and other Baltic countries. It offers employers and recruiters paid access to its CV database and job postings platform and job seekers and employers with a range of value-added services.HHR is the clear leader in the online recruitment platform industry in Russia, the remaining…
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Brand Capital: How Companies Create Lifetime Customers
Brand Capital & It’s Impact on Consumer Preferences Brands have existed for thousands of years, with the first iterations used for marking physical ownership of property. The whitepaper A Brief History of Brands And The Evolution of Place Branding summarizes the dawn of branding (emphasis mine): “For almost 4,000 years, brands have been used in order…