The analyst is holding his existing position in CrowdStrike, having previously trimmed it due to valuation concerns after a significant run-up. He acknowledges the company's strong Q1 performance, including revenue re-acceleration driven by AI-related cybersecurity demand and improved margins. However, he believes the stock's valuation remains stretched, requiring an aggressive 35% annual revenue growth for 10 years to justify the current price, which is significantly higher than analyst estimates.
The analyst is holding his existing position in CrowdStrike, having previously trimmed it due to valuation concerns after a significant run-up. He acknowledges the company's strong Q1 performance, including revenue re-acceleration driven by AI-related cybersecurity demand and improved margins. However, he believes the stock's valuation remains stretched, requiring an aggressive 35% annual revenue growth for 10 years to justify the current price, which is significantly higher than analyst estimates.
“I'm happy with the position where it is. I certainly still think the valuation is still very stretched even though this company is pretty much doing everything right and has a huge tailwind.”
— ▶ 13:00
The YouTuber added to CrowdStrike based on both valuation and the potential for increased cybersecurity threats in the age of agentic AI, having previously sold it at a higher price.
“At the same time, I added to Crowd Strike. I did sell out of it at over $500 per share in 2025 and I added to it based on both valuation and the potential for more uh cyber security threats in the age of aic being uh being plausible”
— ▶ Clip ansehen
The YouTuber classifies Crowdstrike as 'robust' because, despite threat detection being probabilistic, it requires 100% accuracy, unlike other probabilistic SaaS. He believes it is fairly valued at the current time.
“Right now at this point I think that Crowdstrike is fairly valued.”
— ▶ 10:00
The YouTuber sold Crowdstrike shares due to valuation concerns, despite the company's strong performance. His reverse DCF analysis indicated that the stock price at his selling point implied a 24% revenue growth rate over 10 years, which he believes is too high compared to analyst expectations of 20-22% over the next few years. He would consider buying back at a lower, more justified price.
“what the stock at that price was saying was investors are betting that the company will grow at 24% over the next 10 years. That's a longer time frame. That's a higher bar. So, that is why I traded out of that.”
— ▶ 5:00
The analyst suggests avoiding Salesforce despite its attractive valuation due to uncertainty surrounding its ability to transition from a seat-based to a usage-based model. While its Agent Force product is growing, it's not enough to offset the drag from legacy seat-based revenue. The company also took on significant debt for share buybacks, which could be a drag if revenue re-acceleration doesn't materialize quickly. A reverse DCF analysis implies very low future growth expectations are priced in.
The analyst suggests avoiding Salesforce despite its attractive valuation due to uncertainty surrounding its ability to transition from a seat-based to a usage-based model. While its Agent Force product is growing, it's not enough to offset the drag from legacy seat-based revenue. The company also took on significant debt for share buybacks, which could be a drag if revenue re-acceleration doesn't materialize quickly. A reverse DCF analysis implies very low future growth expectations are priced in.
“But you better believe that the company can execute and grow Agent Force faster than it loses revenue on its traditional seatbased platform for it to be worth it.”
— ▶ Clip ansehen
The YouTuber completely sold out of Salesforce in mid-February, citing the long-term challenge to its thesis posed by the rapid advancements and proliferation of agentic AI tools.
“So I completely sold out of Salesforce and Adobe because of this while adding to Crowd Strike and Viva. So Salesforce I sold out of in midFebruary for about a 27% loss.”
— ▶ Clip ansehen
The YouTuber sold Salesforce due to the emergence of Claude Co-work, a low-cost AI alternative that can perform many of Salesforce's functions, potentially eroding its moat and pricing power. He believes this new technology will collapse the terminal value of Salesforce, despite its existing high switching costs.
“For Salesforce, Co-work can pull data, create drafts, and log activities for you. It can also uh and when it can do those things, then sales teams need to think about justifying $175 per seat per month with Salesforce when they could use say a $200 per month subscription to Co-work to cover many different needs.”
— ▶ 7:00
The YouTuber argues that legacy SaaS companies like Salesforce face a 'silent growth problem' due to AI agents. While existing customers may remain, new businesses will likely choose AI-native alternatives, leading to a long-term decline in growth rates that current metrics don't yet reflect. This re-rating could significantly devalue the stock.
“Salesforce probably isn't going to lose a ton of their existing customers, especially the big ones. But if a Salesforce competitor comes along that offers the same functionality as Salesforce, and I'm not talking about an in-house vibe coding challenge here. I'm talking about someone that has much lower overhead and much lower costs and just a a different business model. Well, then a new business that comes along that's being started today that focuses on something else entirely. Well, they're going to want to go not with that legacy provider, but with the newer provider.”
— ▶ 10:40
The YouTuber categorizes Salesforce as a 'wild card' due to the dual impact of AI. While its existing data creates switching costs, new companies might opt for AI-native providers. He owns the stock but is reconsidering, noting that an attractive valuation is conditional on Salesforce successfully navigating this transition.
“That being said, I do think that the valuation is attractive if Salesforce can navigate this. Uh that is also a stock that I own, although I am thinking twice about that.”
— ▶ 5:30
The analyst suggests Snowflake is a buy for long-term investors who believe its revenue growth can remain above 20% annually for the next 10 years. This is based on strong recent earnings, re-accelerating revenue growth driven by new AI products (Coco), and a usage-based model that benefits from increased AI adoption. While the valuation is high, a reverse DCF analysis indicates the current price is justified if growth targets are met, and analysts have historically underestimated its growth.
The analyst suggests Snowflake is a buy for long-term investors who believe its revenue growth can remain above 20% annually for the next 10 years. This is based on strong recent earnings, re-accelerating revenue growth driven by new AI products (Coco), and a usage-based model that benefits from increased AI adoption. While the valuation is high, a reverse DCF analysis indicates the current price is justified if growth targets are met, and analysts have historically underestimated its growth.
“If you believe from years 4 through 7, which would really be 2030 to say 2036, if you believe that they can have revenue growth of over 20%, well then today's stock price makes all the sense in the world.”
— ▶ Clip ansehen
The YouTuber places Snowflake in the 'robust' category but expresses caution, similar to Salesforce. While it holds data, the functions performed on that data are easier for AI to replicate, making its valuation less compelling.
“Snowflake in particular has the data but the functions that are run on that data that's a little bit easier to replicate. So I would put it in a similar bucket to Salesforce.”
— ▶ 8:40
The analyst believes Cava's current valuation is reasonable given its strong growth trajectory. He highlights impressive comparable store sales growth driven by increased traffic, expanding restaurant-level profit margins, and a clear path to doubling its store count by 2030. A reverse discounted cash flow analysis suggests the current price is justified by a 21% annual revenue growth over the next decade, which he finds achievable given recent performance and analyst expectations.
The analyst believes Cava's current valuation is reasonable given its strong growth trajectory. He highlights impressive comparable store sales growth driven by increased traffic, expanding restaurant-level profit margins, and a clear path to doubling its store count by 2030. A reverse discounted cash flow analysis suggests the current price is justified by a 21% annual revenue growth over the next decade, which he finds achievable given recent performance and analyst expectations.
“I actually think that this valuation is very reasonable given their growth trajectory.”
— ▶ 20:00
The YouTuber added to his position in Cava in March, believing that the implied growth rate in the stock price is fair if the company achieves its target of 1,000 stores by the end of 2030.
“Cava, for those of you that might be unfamiliar, this is like the Mediterranean version of Chipotle Mexican Grill. It's a stock I already owned, but I added to it in March. Why? Because the company, if they hit their target of a thousand stores by the end of 2030, I think the growth rate that's implied in the stock price today is actually very fair.”
— ▶ Clip ansehen
The YouTuber believes Cava is undervalued based on a reverse discounted cash flow analysis, which suggests the current price implies 23% annual revenue growth for 10 years. He argues this is achievable given the company's plan to significantly increase store count by 2030, and that same-store sales growth only needs to be 5% to meet this target. He also notes positive technical indicators.
“I think that the growth story here is actually quite compelling.”
— ▶ 4:00
The YouTuber suggests Cava is cheap, with its stock price implying only 17% annual revenue growth for a decade, which aligns with its aggressive location expansion plans for the next five years. He notes that comparable store sales only need to remain flat or slightly positive, and Cava is currently outperforming peers in a depressed market.
“Based on an optimized free cash flow margin of about 13%, which is what Chipotle has been able to get in their good years, that I believe that that stock price assumes that the company will grow its revenue by 17% per per year for a decade.”
— ▶ Clip ansehen
The analyst argues Nvidia's valuation is fair, despite its high growth. He points to its dominant market position in GPUs and CUDA software, leading to exceptional pricing power and expanding gross margins. While acknowledging the cyclical nature of the chip industry and increasing competition, he believes the demand for AI chips is so vast that Nvidia's growth will continue. A reverse discounted cash flow analysis, using conservative free cash flow margins, suggests a 21% annual growth rate is needed to justify the current price, which he believes is achievable given the company's current and projected revenue growth, and historical underestimation by analysts.
The analyst argues Nvidia's valuation is fair, despite its high growth. He points to its dominant market position in GPUs and CUDA software, leading to exceptional pricing power and expanding gross margins. While acknowledging the cyclical nature of the chip industry and increasing competition, he believes the demand for AI chips is so vast that Nvidia's growth will continue. A reverse discounted cash flow analysis, using conservative free cash flow margins, suggests a 21% annual growth rate is needed to justify the current price, which he believes is achievable given the company's current and projected revenue growth, and historical underestimation by analysts.
“In my in my opinion, there is no question that the moat is stable or widening around the company even with all the competition entering and that the thesis is very much on track.”
— ▶ 36:40
BUYBrian StoffelKonviktion3/5Analysequalität65/100after further due diligence on the industry
The YouTuber is considering buying Nvidia, noting its attractive valuation at 26x forward earnings (below its 10-year average of 35x) and 30x forward free cash flow. A conservative reverse discounted cash flow analysis suggests only 22-23% annual revenue growth is needed, significantly lower than current projections (70%, 28%). He acknowledges his limited expertise in the industry and plans to conduct more due diligence before investing.
“I'm really going to be focusing on my due diligence on the company to make a decision about whether or not to make this an investment.”
— ▶ 13:50
The YouTuber is bullish on Axon, highlighting 34% top-line growth and expanding operating margins. He emphasizes the company's strong recurring revenue from software solutions and future contracted bookings, indicating a widening moat. A reverse discounted cash flow analysis suggests the current stock price implies a revenue growth rate (17% over 10 years) that is significantly lower than historical and expected future growth.
The YouTuber is bullish on Axon, highlighting 34% top-line growth and expanding operating margins. He emphasizes the company's strong recurring revenue from software solutions and future contracted bookings, indicating a widening moat. A reverse discounted cash flow analysis suggests the current stock price implies a revenue growth rate (17% over 10 years) that is significantly lower than historical and expected future growth.
“I actually think that's a pretty good deal.”
— ▶ Clip ansehen
The YouTuber argues that Axon stock is now attractive after a 35% drop, which has lowered the required revenue growth rate to justify its price. He uses a reverse discounted cash flow analysis, noting that the company's historical growth and analyst estimate revisions suggest it can easily meet the new, lower growth targets. He believes the current price offers a good entry point for long-term investors.
“So, I actually think this is now a very attractive stock to hold and own.”
— ▶ 04:00
The YouTuber added to Axon in late January/early February because the company expects revenue to grow about 30% per year over the next three years. He considers it one of the most anti-fragile companies.
“I added it in late January, early February. Why? Because the company came out and said that they expect revenue to be growing about 30% per year over the next three years. This continues to be what I believe is one of the most anti-fragile companies around.”
— ▶ Clip ansehen
The YouTuber names Axon Enterprise as the most anti-fragile stock, emphasizing its strong moat from high switching costs within its ecosystem of smart devices and evidence.com. Its optionality is driven by an accelerating net revenue retention rate and innovations like Draft One (AI-powered report generation), Drone as a First Responder, ecosystem expansion (VR training), and international growth beyond US police departments.
“Let's get to the number one most anti-fragile stock. I believe that is Axon Enterprise.”
— ▶ 18:40
The YouTuber argues that Axon is the best SaaS stock to own right now, despite seemingly high valuation metrics. He highlights strong revenue growth acceleration, particularly in software and services, and impressive future contracted bookings. He believes the stock is undervalued when considering optimized free cash flow margins and a discounted cash flow model, projecting significant growth over the next three years.
“I feel comfortable saying it is the best, if not one of the best SAS stocks to own right now. It's one of the best stocks for me to own whether it's SAS or not. And that company is none other than Axon Enterprise.”
— ▶ 00:25
The YouTuber identifies Axon Enterprise as 'anti-fragile,' poised to get stronger with AI due to its applications for first responders, such as AI-drafted incident reports. He notes the stock continues to fall, and a reverse discounted cash flow analysis with a 30% free cash flow margin suggests it's a good deal today.
“If you do a reverse discounted cash flow analysis on this and you offer up a 30% free cash flow margin, which I don't think is being too aggressive, it looks like a pretty good deal today.”
— ▶ 14:50
The YouTuber trimmed his Axon position from 12% to 7% of his portfolio in December 2024. While he believes the moat is expanding, his reverse discounted cash flow analysis indicated the stock was overvalued, requiring 29% annual revenue growth for a decade compared to an expectation of 22%.
The YouTuber is bullish on MercadoLibre, noting 49% revenue growth driven by both e-commerce and fintech segments. He argues that the company is making strategic investments in logistics and credit, which are causing short-term margin pressure but are crucial for long-term moat expansion. A reverse discounted cash flow analysis indicates the stock is significantly undervalued, as it only requires 4% annual revenue growth to justify its current price, far below its historical and projected growth rates.
The YouTuber is bullish on MercadoLibre, noting 49% revenue growth driven by both e-commerce and fintech segments. He argues that the company is making strategic investments in logistics and credit, which are causing short-term margin pressure but are crucial for long-term moat expansion. A reverse discounted cash flow analysis indicates the stock is significantly undervalued, as it only requires 4% annual revenue growth to justify its current price, far below its historical and projected growth rates.
“Clearly there's a disconnect there. So I think this as well is very much a stock that is worth owning.”
— ▶ Clip ansehen
The YouTuber argues that MercadoLibre is a strong buy despite recent share price drops, as the company is strategically investing in its moat (fulfillment, credit, first-party goods) which temporarily impacts short-term profitability but sets it up for long-term sustainable growth. He believes the market is misinterpreting these investments as a sign of weakness rather than a strengthening of its competitive position, and that the stock is undervalued based on its growth trajectory and potential for future free cash flow margins.
“I think without a doubt the moat is widening. It's just that you have to pay for that moat to widen, which is why shares are down today. But the thesis is very much on track. And perhaps one of the most impressive things about this is I actually think that the stock is quite cheap right now.”
— ▶ 20:00
The YouTuber argues that the removal of Maduro from Venezuela could lead to a significant economic opening in the country. Since MercadoLibre's storefront is still active there, this event could unlock a new revenue stream for the company, which the market is already pricing in due to its forward-looking nature. He notes that MercadoLibre had previously written off its Venezuelan assets, so any re-engagement would be pure upside.
“It's not surprising to see Marcado Libre surging on this news.”
— ▶ 10:00
The YouTuber considers Mercado Libre to be moderately cheap at its current valuation. He highlights the growing popularity of credit cards in their fintech division and continued growth in gross merchandise volume for e-commerce as catalysts. The main risk is the credit portfolio if they make poor loan decisions.
“Now, this scores off the charts on an anti-fragile framework. It has a wide moat and tons of optionality, still founder. at the time of this recording trading for about $2,000 per share which I believe is moderately cheap.”
— ▶ Clip ansehen
The YouTuber identifies MercadoLibre as the cheapest stock he follows, arguing its current valuation implies only 7% annual growth over the next decade, despite a track record of over 30% growth for 25 consecutive quarters. He acknowledges concerns about competition and geopolitical stability but believes the market is setting a very low bar for the company to clear.
“I believe that the the price today says that the company's only going to grow about 7% per year over the next 10 years. This company has grown over 30% for over 25 quarters in a row.”
— ▶ Clip ansehen
C Limited · SEKaufenKonviktion4/5Analysequalität857
The YouTuber is bullish on Sea Limited, citing strong revenue growth (47% YoY) driven by e-commerce and fintech, and an expanding moat in logistics to counter TikTok Shop. He believes the stock is undervalued based on forward P/E and a reverse discounted cash flow analysis, which suggests very low future growth is priced in despite current high growth rates.
The YouTuber is bullish on Sea Limited, citing strong revenue growth (47% YoY) driven by e-commerce and fintech, and an expanding moat in logistics to counter TikTok Shop. He believes the stock is undervalued based on forward P/E and a reverse discounted cash flow analysis, which suggests very low future growth is priced in despite current high growth rates.
The YouTuber added to C Limited in January due to its very cheap valuation and impressive GMV growth. He acknowledges headwinds from oil prices and TikTok Shop competition but plans to add more when conditions are right.
“I added in January uh because I believe its valuation is very cheap. GMV growth has been uh very impressive. The company's really being held down right now by two things. One, are oil prices affecting Southeast Asia, and two is competition from Tik Tok shop.”
— ▶ Clip ansehen
BUYBrian StoffelKonviktion4/5Analysequalität70/100when all three factors (valuation, anti-fragility, stock momentum) are favorable
The YouTuber views Sea Limited as deeply undervalued. A conservative reverse discounted cash flow analysis indicates only 3% annual revenue growth is required, far below current analyst expectations (26%, 22%, 17%). He highlights the company's consistent outperformance of estimates and its 'anti-fragile' business model. Despite concerns about TikTok Shop competition, lending, and geopolitical risks, he plans to add to his existing large position when market momentum aligns with the strong valuation and business fundamentals.
“I love this valuation. I love the anti-fragility of the business and I would just like all three things to be going in my favor with the momentum of the stock before I add.”
— ▶ 17:50
The YouTuber believes Sea Limited (SE) is a buy despite recent price drops, citing its strong revenue growth across its e-commerce (Shopee), gaming (Garena), and fintech (Money) segments. He argues the stock is undervalued, trading at a significant discount to its historical forward P/E and P/FCF ratios, and a reverse DCF analysis suggests it only needs 6% annual revenue growth to justify its current price, which is well below its historical and projected growth rates. The investment thesis hinges on the company successfully expanding its logistics network and maintaining low non-performing loan rates.
“To me, this 6% bogey that they need to get over is incredibly low, making this stock look incredibly cheap. The big question is whether or not those 12% free cash flow margins are attainable. If they are, if building out the fulfillment network right now and making safe loans ends up happening, this will be a phenomenal entry point for this stock.”
— ▶ Clip ansehen
The YouTuber believes that the positive developments in Venezuela could create a 'halo effect' across the Latin American hemisphere, benefiting Sea Limited, which has growing operations in Brazil. He also states that Sea Limited was already cheaply valued, suggesting that any positive news would have an outsized impact on its stock price.
“It's worth noting that I also think that C Limited is quite cheaply valued as it was. So that any positive movement would have an outsiz effect on C Limited.”
— ▶ 10:50
The YouTuber considers Sea Limited to be ridiculously cheap at $125 per share, citing its wide and growing moat, founder-led management, and optionality across gaming, e-commerce, and fintech. He acknowledges risks from TikTok Shop and potential stalling of FreeFire but believes continued execution will prove the stock cheap long-term.
“At the time of this filming, shares were trading for about $125 per share. And I considered that to be ridiculously cheap.”
— ▶ Clip ansehen
The YouTuber considers Sea Limited a good deal, noting that its current price suggests only 5% annual revenue growth over the next decade, while analysts expect over 20% growth in the short term. He dismisses fears about TikTok Shop causing pricing wars or the gaming division's decline, believing the market is overly pessimistic.
“If you believe that this company can get 20% free cash flow margins, then revenue is only expected to grow 5% per year over the next 10 years.”
— ▶ Clip ansehen
The analyst believes Transmedics, despite recent earnings misses and margin pressure, presents a compelling long-term buying opportunity. The company is investing heavily in R&D for new organ solutions (heart, lung, kidney) and expanding internationally. While current valuation is based on future growth and approvals, a blended valuation model suggests a significant annualized return if the company meets its base case guidance for transplants by 2030, offering a large margin of safety.
BUYBrian StoffelKonviktion4/5Analysequalität75/100if the company can get the approvals for new products (heart, lung, kidney) and show adoption
The analyst believes Transmedics, despite recent earnings misses and margin pressure, presents a compelling long-term buying opportunity. The company is investing heavily in R&D for new organ solutions (heart, lung, kidney) and expanding internationally. While current valuation is based on future growth and approvals, a blended valuation model suggests a significant annualized return if the company meets its base case guidance for transplants by 2030, offering a large margin of safety.
“I think that if the company can get the approvals that they're looking for, and if the company can show that those new products are being adopted, then today is going to be a steal of a price to own this company.”
— ▶ 20:00
The YouTuber added to Transmedics after the company updated its guidance for 20,000 to 30,000 transplants by the end of 2030. Based on a total addressable market valuation, he believes it could be an $11-12 billion company by 2030, up from its current sub-$4 billion valuation.
“When the company updated their guidance late last year for 20 to 30,000 transplants by the end of 2030, I ran a a total addressable market valuation on this and I think this could be an 11 to 12 billion company by the end of 2030. Today it's below $4 billion.”
— ▶ Clip ansehen
The YouTuber is holding TransMedics, believing it offers a risk-adjusted annual return of 21% by 2030, double the market's return. This is based on a total addressable market analysis with weighted scenarios (bear, base, bull) for organ transplants, considering management's significantly increased guidance. He acknowledges competitive and reimbursement risks but is comfortable with his current allocation to this small-cap stock.
“I already own a lot of this stock and I'm just perfectly comfortable sitting on it given my allocation to this small cap stock.”
— ▶ 23:00
The YouTuber is buying Transmedics, believing it to be a cheap growth stock with significant upside. He bases this on updated management guidance for organ transplants by 2030 (20,000-30,000 vs. previous 10,000 by 2028), the potential addition of kidney transplants, and a detailed valuation model projecting over 20% annual returns. He also acknowledges risks like FDA approval for kidneys and reimbursement rates.
“Today's $4.3 billion company could be worth 11.3 billion by the end of 2030. Now remember, the stock market returns roughly 10% every year over a long enough time frame. But using this math, which I believe was fair, if tilting slightly towards conservative, we're looking at over 20% returns per year for the next five years. So that is very attractive to me.”
— ▶ Clip ansehen
The analyst believes Shopify's recent earnings report was stronger than the market reaction suggests, with revenue growth exceeding estimates and expanding operating margins. Key metrics like Gross Merchandise Volume (GMV) and Gross Payment Volume (GPV) are accelerating, and the attach rate is increasing. A reverse discounted cash flow analysis indicates that the current stock price is justified by a reasonable 19% annual revenue growth over the next decade, which the analyst believes is achievable given conservative management guidance and upward-revising analyst estimates.
The analyst believes Shopify's recent earnings report was stronger than the market reaction suggests, with revenue growth exceeding estimates and expanding operating margins. Key metrics like Gross Merchandise Volume (GMV) and Gross Payment Volume (GPV) are accelerating, and the attach rate is increasing. A reverse discounted cash flow analysis indicates that the current stock price is justified by a reasonable 19% annual revenue growth over the next decade, which the analyst believes is achievable given conservative management guidance and upward-revising analyst estimates.
“All these things combined point to a pretty solid picture for the company, which means that it's something that I'm going to be giving consideration to adding shares in my own portfolio.”
— ▶ 14:00
The YouTuber re-entered Shopify after selling it for valuation discipline, buying back at a lower price. He believes Shopify is at the cutting edge of agentic AI commerce, writing the languages for AI shopping, which could lead to even better margins.
“Why? As you can see, I sold high and I was buying back lower because I believe that Shopify is really on the cutting edge of agentic AI commerce and it's literally writing the languages that these programs are going to use to do shopping using AI and I believe especially because the company could have even better margins because of this that it was something that I wanted to own.”
— ▶ Clip ansehen
The analyst believes Shopify's current valuation is attractive, trading at a discount to its historical price-to-sales and price-to-free cash flow multiples. A reverse discounted cash flow analysis suggests the current stock price is justified by a 21% annual revenue growth rate over the next decade, which is below analyst expectations. The company also demonstrates strong growth in GMV and GPV, expanding margins in subscription solutions, and a robust position for the AI agentic era.
“I actually think that this is a relatively attractive price.”
— ▶ 12:00
The YouTuber classifies Shopify as 'robust,' believing its role in managing orders, fulfillment, and inventory makes it resilient to AI disruption. He previously sold shares but now sees an attractive valuation (a 'five' on his scale) after a significant price drop.
“I was just on here a couple days ago talking about how I sold Shopify back when it was in the 150 to 160 range, but things are crashing really fast and it's already down about 110. It's at about $110. And so now I actually think I would give it a five on valuation.”
— ▶ 9:20
The YouTuber sold all his Shopify shares due to valuation concerns, despite believing it's an anti-fragile company with a wide moat. His reverse DCF analysis, using an estimated 22.5% free cash flow margin, suggested the stock price implied a 26% annual growth rate over 10 years, which he found too aggressive compared to optimistic analyst estimates of 25% over the next three years.
“They need to grow 25 26 about 26%. So, think about it. They need to grow about 26%. Optimistically could be about 25% per year over the next 3 years, but we're talking about over the next 10.”
— ▶ 9:50
The YouTuber trimmed his Shopify position from 9% to 7% of his portfolio in December 2024. While confident in Shopify's expanding moat, his valuation analysis indicated it was overvalued, requiring 25% annual revenue growth for a decade compared to a 21% expectation.
The analyst, a current shareholder, is holding Duolingo despite recent earnings showing a significant slowdown in key growth metrics like subscription bookings and daily active users. He notes that while the valuation appears compelling on a reverse discounted cash flow basis, requiring only 5% revenue growth, management's ability to execute a pivot and hit new, lower guidance is questionable. He will be watching constant currency bookings, daily active users, full-year bookings guidance, and total paid users for signs of improvement.
The analyst, a current shareholder, is holding Duolingo despite recent earnings showing a significant slowdown in key growth metrics like subscription bookings and daily active users. He notes that while the valuation appears compelling on a reverse discounted cash flow basis, requiring only 5% revenue growth, management's ability to execute a pivot and hit new, lower guidance is questionable. He will be watching constant currency bookings, daily active users, full-year bookings guidance, and total paid users for signs of improvement.
“The bottom line when it comes to Dualingo is the simple fact that clearly it is it is having trouble earning investors respect because they are trying to pivot and whether or not they can pull this off has been called into question. At the same time, the valuation is such that if they can make that pivot, well, then it's going to be a pretty great stock to own. But we haven't seen any definitive signs that they're going to do that yet.”
— ▶ 13:50
The YouTuber suggests Duolingo is a buy despite recent stock collapse, citing strong past financial performance (revenue, earnings, margins, free cash flow) and a healthy balance sheet. He acknowledges a slowdown in user growth and bookings but believes the company's pivot to focus on the free product to attract more users, coupled with its ability to convert free users to paid, presents a significant opportunity at its current valuation, which appears cheap on forward earnings and free cash flow metrics.
“If they can fix the front door, it is a phenomenal opportunity today.”
— ▶ 13:00
The YouTuber considers Duolingo a 'bargain basement stock' and a 'wild card' with high potential. He highlights its strong growth (over 40%), high free cash flow margins (nearing 40%), and single-digit implied valuations. He believes that even if it just survives, it's a good deal, despite the potential for AI to create alternative language learning systems.
“I think Dolingo might be the most bargainbasement stock that's out there right now, growing at over 40%, free cash flow margins nearing 40% and we're talking singledigit valuations.”
— ▶ 6:40
The YouTuber believes Duolingo is extremely cheap given its fast growth and wide free cash flow margins. Catalysts include increasing free users and converting more free users to paid plans, especially Duolingo Max. The primary risk is the difficulty in converting free users and the fear that AI could render it useless, which the YouTuber dismisses.
“That being said, at around $100, $180 per share right now, I consider this valuation to be extremely extremely cheap for a company that's grown so fast and has such wide free cash flow margins.”
— ▶ Clip ansehen
The YouTuber views Duolingo as a steal, arguing that its current valuation implies only 10% annual revenue growth, despite historical growth of 40% and expected growth of twice that rate in the next two years. He acknowledges challenges like converting free users and expanding beyond language learning, but believes if these are addressed, the stock has significant upside.
“If we factor in 35% free cash flow margins, which is already in the ballpark of where Duolingo is today, then the market is only expecting this company to grow its revenue by 10% per year.”
— ▶ Clip ansehen
The YouTuber maintained his Duolingo position at 7% of his portfolio in December 2024. He believes its moat is expanding and his valuation analysis found it more reasonably valued than other holdings, requiring 22% annual revenue growth for a decade against a 26% expectation.
The YouTuber, who previously sold his shares, advises caution on ServiceNow despite seemingly attractive valuation metrics. He highlights concerns about contracting gross margins due to the shift to AI-driven services, which have higher compute costs, and a potential slowdown in organic revenue growth as indicated by current remaining performance obligations (RPO) when excluding acquisitions. He also notes a slight dip in renewal rates and management's potentially misleading guidance.
The YouTuber, who previously sold his shares, advises caution on ServiceNow despite seemingly attractive valuation metrics. He highlights concerns about contracting gross margins due to the shift to AI-driven services, which have higher compute costs, and a potential slowdown in organic revenue growth as indicated by current remaining performance obligations (RPO) when excluding acquisitions. He also notes a slight dip in renewal rates and management's potentially misleading guidance.
“Overall, I do think that Service Now seems like a pretty good deal in terms of valuation, but there's a lot of moving pieces here. And I'm not necessarily a Service Now bear. I don't own shares anymore, but when I see bull calls that don't take into consideration the potential loss of that seatbased gross profit and the growth of now assist, which seems great on the surface, but you have to account for the margin compression. Well, then I don't think we're getting the full picture just to be understood completely of where I'm coming from here.”
— ▶ Clip ansehen
The YouTuber sold ServiceNow after realizing that the agentic AI threat was real and could pose an existential threat to the company as models improve and proliferate, despite having bought it earlier.
“As I started to research more, I realized that this agentic threat was real. While it might not be able to orchestrate agents yet, I do believe that as these models improve and increase in their proliferation, it will be an existential threat to service.”
— ▶ Clip ansehen
The YouTuber sold Service Now because Claude Co-work can automate repetitive workflows and orchestrate them, directly competing with Service Now's core function at a significantly lower cost. This new competition is seen as eroding Service Now's moat and pricing power, impacting its long-term valuation.
“Co-work can automate repetitive workflows and it may soon help uh orchestrate those workflows, which is exactly what Service Now does.”
— ▶ 7:50
The YouTuber classifies ServiceNow as a 'robust' company, believing it will be fine because its deterministic nature and role as a system of record for workflow integration make it less vulnerable to AI. He notes that AI is already integrated and finds its current valuation quite favorable, leading him to own shares.
“AI is used in Service Now. it's plugged into service now in order to do these things and I actually think that it is a quite favorable valuation at this point uh which is why I own shares.”
— ▶ 8:00
The YouTuber suggests buying ServiceNow due to its current valuation, trading at a significant discount to its historical price-to-sales, P/E, and price-to-free cash flow ratios. He notes strong future growth indicators like current remaining performance obligations (RPO) growing faster than revenue, and an accelerating number of large customers. Despite some gross margin compression, management's guidance for subscription revenue growth significantly exceeds Wall Street expectations, and a reverse discounted cash flow analysis indicates the current price is justified by a modest 10% revenue growth rate, well below analyst estimates.
“The bottom line is is that it looks like Service Now is um trading at a at a relative discount.”
— ▶ 12:00
The YouTuber re-entered Cloudflare after selling it previously, believing that agentic AI is increasing internet traffic and Cloudflare could become a gatekeeper for this technology, adding significant optionality.
The YouTuber re-entered Cloudflare after selling it previously, believing that agentic AI is increasing internet traffic and Cloudflare could become a gatekeeper for this technology, adding significant optionality.
“Cloudflare is one that as I said I sold out of but I reentered it as I started learning more and more about claude coowwork and how agentic AI was increasing traffic on the internet and I believe that's adding a lot of optionality and that cloudflare could be the gatekeeper of this technology.”
— ▶ Clip ansehen
The YouTuber rates Cloudflare highly for its anti-fragility, citing its moat from low-cost production across a vast global network and massive switching costs for its users. Its optionality is demonstrated by accelerating dollar-based net retention and growth in areas like Cloudflare Workers for edge computing, zero-trust environments, AI inference, and sovereign AI contracts.
“Let's now go to number three which is cloudflare which got its start as a content delivery network to the edge for internet companies.”
— ▶ 10:20
The YouTuber believes Cloudflare is a high-quality opportunity that can buck the trend of legacy software companies. It meets four criteria: a largely usage-based pricing model, hardware-integrated software, significant penalties for service mistakes (making customers stick), and legitimate network effects that improve the product with more users and scale.
“And one company that I do believe fits all four of these is Cloudflare, which started out as a content delivery network specialist, but has become many other things.”
— ▶ 19:00
Brian Stoffel bought back into Cloudflare due to its strong revenue growth (34% in Q4 2025, accelerating from 27%), increasing number of paying customers, and significant growth in remaining performance obligations (48%). He believes the company is well-positioned for the AI agent era due to its anti-fragile, usage-based model, real-world feedback requirements, and proprietary context. Despite a high valuation (24x forward P/S, 86x forward operating cash flow), a reverse discounted cash flow analysis suggests the current price is justified if revenue grows at 30-33% for the next decade, which he believes is achievable given its widening moat and network effects.
“The real reason that I bought into it was because between when I sold and when I bought back in, Claude came out with their co-work uh tool chat GPT with, excuse me, with their frontier model. And when I saw that, I saw, boy, there is going to be a lot of demand for what Cloudflare has. I think this shifts the narrative, at least my understanding of it quite a bit.”
— ▶ 3:00
The YouTuber considers Cloudflare 'anti-fragile,' believing AI will make content delivery even more critical, benefiting the company. However, he notes that the market already recognizes this, making the stock quite expensive in his opinion.
“The only problem is the market leader the the the market understands that and it is still in my opinion a quite expensive stock.”
— ▶ 15:20
The YouTuber sold all his Cloudflare shares because he believes its valuation got ahead of itself. His reverse DCF analysis, assuming a 25% free cash flow margin, indicated the stock price implied a 33-34% annual growth rate over 10 years. This is significantly higher than the 27% growth rate analysts expect over the next few years, making the stock overvalued in his view.
“We're saying that Cloudflare had to grow at 33 basically 33 to 34% per year for 10 years with 25% free cash flow margins to justify that stock price.”
— ▶ 12:50
The YouTuber started a new position in Palantir in mid-February, citing strong business momentum, particularly impressive growth in US commercial operations.
The YouTuber started a new position in Palantir in mid-February, citing strong business momentum, particularly impressive growth in US commercial operations.
“First is Palanteer. I love the business momentum here. I mean, the growth, especially on US commercial, is incredibly impressive. So, I added in midFebruary.”
— ▶ Clip ansehen
The YouTuber designates Palantir as 'anti-fragile,' believing it will strengthen due to AI. He highlights its unique ability to create digital twins from disparate data silos. Despite a slightly overvalued rating (three), he sees the current price as the best deal in over a year and is considering purchasing shares.
“Even though I think that the valuation is a three, which is slightly overvalued right now, that's the best deal that I think that we've seen on it in well over a year, and it's got me considering finally purchasing shares.”
— ▶ 13:40
The YouTuber sold out of Adobe, believing that while the immediate threat is less, the long-term thesis for the company is challenged by the continuous improvement of agentic AI tools.
The YouTuber sold out of Adobe, believing that while the immediate threat is less, the long-term thesis for the company is challenged by the continuous improvement of agentic AI tools.
“Adobe the same thing. The immediate threat is less actually with Adobe, but as these tools get better and better and better and better every week. I think that the long-term thesis for Adobe and Salesforce is challenged.”
— ▶ Clip ansehen
The YouTuber sold Adobe, specifically citing Claude Co-work's ability to natively produce polished documents, PowerPoints, and Excel sheets, which directly attacks Adobe's Document Cloud business. While acknowledging less threat to Creative Cloud, the overall erosion of its moat by capable, low-cost AI alternatives is the reason for the sale.
“Co-Work can natively produce powerpoints, Excel sheets, and polished documents. co-work really attacks the document cloud because this business is being easily disrupted by anthropic.”
— ▶ 8:30
The YouTuber, despite owning shares due to an attractive valuation, classifies Adobe as 'fragile' and facing an existential threat from AI. He acknowledges uncertainty about how it will retain high-end customers and admits he may have underestimated the risk.
“At the moment of this recording, I actually own some shares of Adobe in part because that valuation is so attractive. But I got to say it is definitely facing an existential threat that I perhaps was underestimating.”
— ▶ 3:30
The YouTuber believes Adobe is "crazy ridiculous cheap" because its stock is priced as if revenue will not grow, which he disputes. He argues that Adobe is deeply ingrained in professional agencies, making it difficult to replace despite threats from free or cheap AI tools. The catalyst is simply good enough execution.
“Well, because I think this is crazy ridiculous cheap. I know if you look at the risks, the main threat to this is free or cheap AI tools, Figma and Canva and then a host of others out there taking business away from Adobe.”
— ▶ Clip ansehen
The YouTuber believes Adobe is undervalued, priced as if revenue will only grow 4% annually over the next decade, despite expectations of 9% growth in the next two years. He argues that while AI tools pose a threat, Adobe's strong ecosystem and professional user base, combined with its high free cash flow margin, suggest it can adapt and retain its market position.
“The stock price in my opinion was priced such that Adobe will only grow revenue by about 4% per year over the next 10 years. Over the next two alone, it's expected to grow 9%.”
— ▶ Clip ansehen
The YouTuber trimmed his Rocket Lab position twice, in January and March, because it had become a very large position and he felt its valuation was getting ahead of itself. He still owns a significant portion.
The YouTuber trimmed his Rocket Lab position twice, in January and March, because it had become a very large position and he felt its valuation was getting ahead of itself. He still owns a significant portion.
“In trimming Rocket Lab, I trimmed twice. Once in January when the stock was almost at $100 per share and again in uh March when it was above $70 per share. The idea there just being that uh it was a very very large position for me and I thought that it's uh I thought that its valuation was getting a little bit ahead of itself.”
— ▶ Clip ansehen
The YouTuber trimmed his Rocket Lab position, reducing it to a single-digit allocation, because it had become one of his largest holdings despite its uncertain future. He notes that the company's valuation is difficult to assess due to the upcoming Neutron Rocket launch, which could significantly boost revenue, but the high allocation made him uncomfortable given the inherent risks.
“The reason that I trimmed it was just because a company with such an uncertain future had become one of my largest positions. So, I did not sell out of it entirely. I just paired it back to a more reasonable singledigit allocation within my own portfolio.”
— ▶ 15:50
The YouTuber added to Veeva, which he describes as the cloud service for the pharmaceutical industry, as part of a rebalancing due to the impact of agentic AI.
The YouTuber added to Veeva, which he describes as the cloud service for the pharmaceutical industry, as part of a rebalancing due to the impact of agentic AI.
“and I also added to Viva which is basically the cloud service for the pharmaceutical industry. Still debating on what I think about that based on the position size”
— ▶ Clip ansehen
The YouTuber considers Viva 'robust' because it serves as the system of record for clinical trials, where errors would be existential for life sciences companies. This deterministic nature makes it highly resistant to AI disruption.
“Viva I think definitely has the system of record for clinical trials and missing messing up any one part of that is going to be existential to a life sciences company that's using it. So I don't see that going anywhere.”
— ▶ 8:50
The YouTuber added to Airbnb due to attractive free cash flow yield and potential shareholder yield moving forward.
“And finally, Airbnb is one that I added to just because the yields, both the free cash flow yield and the potential shareholder yield moving forward that this captures.”
— ▶ Clip ansehen
The YouTuber started a small 'lottery ticket' position in Hims & Hers, believing that Novo Nordisk's willingness to make a deal with them indicates significant leverage for the company.
The YouTuber started a small 'lottery ticket' position in Hims & Hers, believing that Novo Nordisk's willingness to make a deal with them indicates significant leverage for the company.
“This is still a very very small position but the idea here is is that if Novo Nordisk is willing to make a deal like that then there is definitely some leverage when it comes to him and hers.”
— ▶ Clip ansehen
The YouTuber identifies Amazon as a highly anti-fragile stock, built on three market-crushing businesses: AWS with its switching costs and low-cost production, Amazon Prime with high retention and loyalty, and the marketplace/logistics benefiting from network effects. Its optionality stems from turning internal costs into profit centers, seen in advertising, AI integration into AWS, healthcare expansion (One Medical, Pharmacy), and Project Kuiper for satellite internet.
The YouTuber identifies Amazon as a highly anti-fragile stock, built on three market-crushing businesses: AWS with its switching costs and low-cost production, Amazon Prime with high retention and loyalty, and the marketplace/logistics benefiting from network effects. Its optionality stems from turning internal costs into profit centers, seen in advertising, AI integration into AWS, healthcare expansion (One Medical, Pharmacy), and Project Kuiper for satellite internet.
“Number two most anti-fragile. You might be surprised it's not number one is none other than Amazon.”
— ▶ 13:40
The YouTuber argues that Amazon's recent 10% drop after earnings presents a buying opportunity for long-term investors. Despite high capital expenditures for AWS expansion, the company showed strong revenue growth, expanding gross and operating margins, and accelerating AWS growth. Valuation based on price-to-operating cash flow suggests the stock is currently undervalued compared to historical averages, offering downside protection with upside potential.
“I think that on a valuation and company strength basis, you could do a lot worse than putting a big chunk of your portfolio in Amazon just like myself.”
— ▶ 15:00
The YouTuber considers Amazon a 'forever stock' due to its strong anti-fragile scorecard, highlighted by its customer-centric mission, powerful network effects, high switching costs (AWS, Prime), low-cost production (logistics, data), strong brand, and proven optionality in developing new revenue streams. The company also boasts significant financial redundancy with a large net cash position and strong operating cash flow, despite current AI infrastructure build-out impacting free cash flow. Founder Jeff Bezos's continued involvement and insider ownership further strengthen the case.
“Amazon gets a score of 15 and a half, which is a very, very high score. It is the backbone of my portfolio. And that's why the verdict here is that it is a forever stock.”
— ▶ 08:00
The YouTuber suggests reconsidering Intuitive Surgical, highlighting its strong moat primarily from high switching costs, both capital and human, due to surgeons' mastery of the Da Vinci system. Optionality is driven by new product rollouts like Da Vinci 5 and Ion, single-port procedures, data-as-a-service potential, and expansion into new surgical procedures beyond its original focus.
The YouTuber suggests reconsidering Intuitive Surgical, highlighting its strong moat primarily from high switching costs, both capital and human, due to surgeons' mastery of the Da Vinci system. Optionality is driven by new product rollouts like Da Vinci 5 and Ion, single-port procedures, data-as-a-service potential, and expansion into new surgical procedures beyond its original focus.
“Coming in at number four is the one that I don't own, although maybe I need to reconsider it. I sold a number of years back because of valuation concerns is Intuitive Surgical.”
— ▶ 7:40
The YouTuber lists Monday.com as a legacy SaaS company that could be impacted by the 'silent growth problem.' The argument is that AI agents will cause new businesses to opt for AI-native alternatives, leading to a long-term decline in growth rates that may not be immediately apparent in current financial reports.
The YouTuber lists Monday.com as a legacy SaaS company that could be impacted by the 'silent growth problem.' The argument is that AI agents will cause new businesses to opt for AI-native alternatives, leading to a long-term decline in growth rates that may not be immediately apparent in current financial reports.
“These are the Salesforces, the HubSpots, the Atlassians, the Workdays, the Monday.coms. You might disagree with these names. Pay attention to the dynamics. I'm just showing which ones I think might fall in this bucket.”
— ▶ 13:40
The YouTuber classifies Monday.com as 'fragile' because its deterministic functions are threatened by AI's current limitations in achieving 100% accuracy. Despite an attractive valuation, the underlying business model faces an existential threat.
“If we look at the rest of the companies that I think are fragile, Monday.com, HubSpot, Adobe, I think that they have extremely attractive valuations right now.”
— ▶ 2:15
The YouTuber identifies Workday as a legacy SaaS company vulnerable to the 'silent growth problem.' The core thesis is that AI agents will drive new businesses towards AI-native solutions, bypassing established platforms and leading to a long-term deceleration in growth that current financial metrics may not yet reveal.
The YouTuber identifies Workday as a legacy SaaS company vulnerable to the 'silent growth problem.' The core thesis is that AI agents will drive new businesses towards AI-native solutions, bypassing established platforms and leading to a long-term deceleration in growth that current financial metrics may not yet reveal.
“These are the Salesforces, the HubSpots, the Atlassians, the Workdays, the Monday.coms. You might disagree with these names. Pay attention to the dynamics. I'm just showing which ones I think might fall in this bucket.”
— ▶ 13:40
The YouTuber includes Atlassian among legacy SaaS companies facing a 'silent growth problem.' The argument is that AI agents will lead new businesses to choose AI-native alternatives, causing a long-term decline in growth rates that current financial reporting might not yet reflect, potentially leading to significant stock re-ratings.
The YouTuber includes Atlassian among legacy SaaS companies facing a 'silent growth problem.' The argument is that AI agents will lead new businesses to choose AI-native alternatives, causing a long-term decline in growth rates that current financial reporting might not yet reflect, potentially leading to significant stock re-ratings.
“These are the Salesforces, the HubSpots, the Atlassians, the Workdays, the Monday.coms. You might disagree with these names. Pay attention to the dynamics. I'm just showing which ones I think might fall in this bucket.”
— ▶ 13:40
The YouTuber considers Atlassian a 'fragile' company due to its deterministic nature, which is vulnerable to AI's current inability to be 100% accurate. While acknowledging an attractive valuation, he implies it's not enough to overcome the fundamental threat.
“I do think that the valuation is attractive right now. If we look at the rest of the companies that I think are fragile, Monday.com, HubSpot, Adobe, I think that they have extremely attractive valuations right now.”
— ▶ 2:15
The YouTuber suggests HubSpot, as a legacy SaaS provider, is susceptible to the 'silent growth problem.' New businesses, driven by AI agents, are expected to bypass traditional platforms in favor of AI-native solutions, leading to a long-term decline in growth that current financial metrics may not immediately show.
The YouTuber suggests HubSpot, as a legacy SaaS provider, is susceptible to the 'silent growth problem.' New businesses, driven by AI agents, are expected to bypass traditional platforms in favor of AI-native solutions, leading to a long-term decline in growth that current financial metrics may not immediately show.
“These are the Salesforces, the HubSpots, the Atlassians, the Workdays, the Monday.coms. You might disagree with these names. Pay attention to the dynamics. I'm just showing which ones I think might fall in this bucket.”
— ▶ 13:40
The YouTuber places HubSpot in the 'fragile' category, arguing that while its probabilistic nature (like drafting emails) might tolerate less than 100% accuracy from AI, it still faces significant disruption. He notes an attractive valuation but emphasizes the existential threat.
“If we look at the rest of the companies that I think are fragile, Monday.com, HubSpot, Adobe, I think that they have extremely attractive valuations right now.”
— ▶ 2:15
The YouTuber classifies Asana as a 'fragile' company facing an existential threat from AI due to its deterministic nature, which requires 100% accuracy that current AI cannot provide. Despite its stock decline, he believes the valuation is still not cheap.
The YouTuber classifies Asana as a 'fragile' company facing an existential threat from AI due to its deterministic nature, which requires 100% accuracy that current AI cannot provide. Despite its stock decline, he believes the valuation is still not cheap.
“I don't think it's that cheap right now even though it's continued to fall.”
— ▶ 2:00
The YouTuber labels Toast a 'wild card' because it's difficult to predict how AI will impact its restaurant software and POS solutions. He notes that the current negative sentiment towards payment processors has created a favorable valuation, but lacks specific industry knowledge to form a stronger opinion.
The YouTuber labels Toast a 'wild card' because it's difficult to predict how AI will impact its restaurant software and POS solutions. He notes that the current negative sentiment towards payment processors has created a favorable valuation, but lacks specific industry knowledge to form a stronger opinion.
“It has created a favorable valuation as far as Toast is considered. Um, and if you have more industry specific knowledge, maybe it wouldn't be a wild card for you.”
— ▶ 6:00
The YouTuber places MongoDB in the 'robust' category but expresses concern that AI bots could perform many of the functions currently run on its stored data. He finds its current valuation not compelling.
The YouTuber places MongoDB in the 'robust' category but expresses concern that AI bots could perform many of the functions currently run on its stored data. He finds its current valuation not compelling.
“I also think that right now I don't believe that MongoDB's valuation is all that compelling.”
— ▶ 10:30
data dog · DDOGBeobachtenKonviktion2/5Analysequalität401
The YouTuber includes Data Dog in the 'robust' category but offers limited specific analysis beyond grouping it with Snowflake and Viva, suggesting it's less vulnerable to AI disruption due to its deterministic nature.
The YouTuber includes Data Dog in the 'robust' category but offers limited specific analysis beyond grouping it with Snowflake and Viva, suggesting it's less vulnerable to AI disruption due to its deterministic nature.
“The next trench after that includes Snowflake, Data Dog, Shopify and Viva.”
— ▶ 8:25
The YouTuber places Zoom in the 'wild card' category, noting its stock has risen due to investments rather than underlying business strength. He believes it is not a good deal at its current valuation.
The YouTuber places Zoom in the 'wild card' category, noting its stock has risen due to investments rather than underlying business strength. He believes it is not a good deal at its current valuation.
“I don't think that Zoom is is a pretty good deal right now at this point.”
— ▶ 4:10
The YouTuber sees TransMedics as slightly cheap, with an emerging moat. Key catalysts are FDA approvals for next-generation heart, lung, and kidney devices, which would significantly expand its market. The main risk is if these FDA approvals do not materialize or if a competing procedure gains market share.
The YouTuber sees TransMedics as slightly cheap, with an emerging moat. Key catalysts are FDA approvals for next-generation heart, lung, and kidney devices, which would significantly expand its market. The main risk is if these FDA approvals do not materialize or if a competing procedure gains market share.
“I think it's slightly cheap based on today. And it's worth pointing out that the company at one point said "We'll do 10,000 organ transplants by 2028."”
— ▶ Clip ansehen
Tesla · TSLAVerkaufenKonviktion3/5Analysequalität701
The YouTuber trimmed his Tesla position from 9% to 7% of his portfolio in December 2024. He questioned the clarity of Tesla's moat given its transition to software and robots, and his valuation analysis suggested it was overvalued, requiring 21% annual revenue growth for a decade against a 17% expectation.
The YouTuber trimmed his Tesla position from 9% to 7% of his portfolio in December 2024. He questioned the clarity of Tesla's moat given its transition to software and robots, and his valuation analysis suggested it was overvalued, requiring 21% annual revenue growth for a decade against a 17% expectation.
