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

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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

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Sign up for Speedwell's free newsletter and weekly memos here

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Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

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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/

On this episode we talk about a recent memo, What is a Great Business?

Other Memos Mentioned: The Consumer's Hierarchy of Preferences: The Other Side of the Consumer Value Prop

For full access to all of our in-depth research reports, become a Speedwell Member here.

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Show Notes

(0:00) Intro

(1:53) Observing versus Creating a Great business

(6:07) Great Businesses through the lens of The Consumer's Hierarchy of Preferences

(8:27) Pressure Cooker Metaphor

(15:15) Is Reinvestment Runway a Criteria?

(23:03) Moats and Copart

(27:30) CHOP and Disruptions

(30:44) Nintendo

(34:35) Where does the Surplus Lie?

(41:13) Walker & Dunlop

(45:54) Conclusion

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Sign up for Speedwell's free newsletter and weekly memos here

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Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

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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. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

On this episode we talk Constellation Software and RH!

Listen to our full company-specific episodes on Constellation Software and RH in our feed if you haven't already!

*Note* After this recording we switched how we record our podcasts, so you should enjoy better sound quality in the future!

Memo Mentioned: The Investment Matching Principle

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Show Notes

(0:00) Intro

(1:40) Constellation Software Update

(33:09) RH Update

(52:42) Conclusion

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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

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Follow Us:

Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

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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. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access to the article below.

This weeks memo is "What is a Great Business?"

Memo Link: https://www.speedwellmemos.com/p/what-is-a-great-company

Check out Speedwell's Interview with Best Anchor Stocks (Spotify, YouTube)

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Show Notes

(0:00) – Intro

(1:01) –Memo Reading Starts

(18:37) – Closing Comments

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Purchase a Speedwell Membership to gain access to Speedwell’s Extensive Research Reports, Models, Company Updates, and more.

Speedwell Research's main website can be found here.

Find Speedwell's free newsletter here.

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Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback

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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. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this wide spanning interview episode we talk with Best Anchor Stocks' Leandro on investment philosophy, quality businesses, Nintendo, Deere, Copart, Hermes, and much more!

Find out more about Best Anchor Stocks here, follow Leandro on Twitter @Invesquotes and Best Anchor Stocks Podcast can be found here.

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Show Notes

(0:00) Intro

(1:16) What Characterizes a Good Business?

(6:15) Multiples, Implied Valuation, Reverse DCF

(26:00) Great Companies and Valuation, Copart, Constellation Software

(35:32) Nintendo and Deere, Transitioning Business Models

(49:01) Hermes, Durability, Ferrari, Rolex, and Luxury

(1:15:12) A Good Business versus a Good Investment

(1:18:05) Book Recommendations

(1:22:58) Conculsion

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Sign up for Speedwell's free newsletter and weekly memos here

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Follow Us:

Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

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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. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

On this episode we talk Floor & Decor, Copart, and their 1Q24 results.

Check out our full company episodes on Floor & Decor and Copart below if you haven't already!

Floor & Decor Company Episode: Apple Spotify

Copart Company Episode: Apple Spotify

(Note Copart's latest quarter is fiscal 2Q, but ends Feb. 27)

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Show Notes

(0:00) Intro

(0:47) Floor & Decor Update

(17:58) Copart Update

(39:06) Conclusion

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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

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Follow Us:

Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

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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. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

On this episode we talk about Grab, WeChat, Meituan, X, and all things about SuperApps. Our conversation builds off of a recent memo on SuperApps, which you can read here: WeChat, Meituan, and Grab: What is a SuperApp and Why You Will Fail Building One

**Please note we had issues with the orginal sound recording and had to use AI tools to adjust the sound volume, however it adversely impacted the sound quality. We apologize for this and will try to avoid this happening in the future.**

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Show Notes

(0:00) Intro

(0:51) SuperApps Intro, Cross Selling, Sea Limited's Free Fire

(8:54) What a SuperApp Aims to Do

(13:59) WeChat History and What Was Different About It

(20:41) Why no Mini-programs or SuperApps in the U.S.?

(23:28) Meituan's and Grab's SuperApp; Twitter/X's Ambitions

(41:03) The Physical World's "SuperApps", Sears, E-Commerce Grocery

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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

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Follow Us:

Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

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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. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

On this episode we talk about Meta, Evolution, and their 1Q24 results. Check out our full company episodes on Meta and Evolution below if you haven't already!

Meta Company Episode: Apple, Spotify

Evolution Company Episode: Apple, Spotify

A written update on Meta's 1Q24 results can be found here.

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Show Notes

(0:00) Intro

(1:06) Evolution Business Update

(16:06) Meta Business Update

(48:37) Conclusion

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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

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Follow Us:

Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

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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. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/