All ideas

Carsales.com Ltd is positioned to benefit from its dominant online platform in the Australian auto market, which has strong network effects and high EBITDA margins. Despite recent economic challenges,

ALGN is a highly innovative technology company with a strong competitive advantage due to its patented processes and significant market share in the clear aligner space. Despite recent patent expirati

We are recommending a long in Dollarama with friendly activism, projecting a 4-year price target of C$81.5, representing +97% upside and an 18% IRR. Dollarama is the largest dollar store chain in Cana

GoDaddy has a strong customer care team that acts as a profit center and is well-positioned to capitalize on the growing need for businesses to establish an online presence. With only 18.5 million cus

Constellation Software is a serial acquirer in the vertical market software space, characterized by high barriers to entry and low churn. The company has demonstrated exceptional capital allocation sk

TransDigm operates in the aftermarket aerospace components sector, which has extremely high barriers to entry due to FAA regulations. This creates a subscription-like revenue model as they provide par

We recommend buying DF 6.50% 2023 Senior Unsecured bonds at the current price of $66 due to Dean Foods' accelerating cost-cutting initiatives, long-term industry demand stabilization, overlooked growt

We recommend a long position in Dollarama due to its potential for significant growth through store expansion and operational improvements, including adopting zone pricing and optimizing its logistics

Charter Communications is a valuable asset as a content-agnostic provider of high-speed internet, which is hard to replicate. The company is expected to grow free cash flow per share at 30% for years.

Black Knight has a near monopolistic position in mortgage servicing software with strong pricing power and low churn. The company benefits from a regulatory environment that increases compliance costs

Yen Liow referred to Constellation Software as a durable compounder, indicating belief in its ability to generate consistent growth and value.

Yen Liow mentioned TransDigm as a durable compounder, reflecting confidence in its business model and growth trajectory in the aerospace sector.

Yen Liow highlighted GoDaddy as a durable compounder, suggesting it has strong growth potential in the domain registration and web hosting market.

Yen Liow mentioned Black Knight as one of his durable compounders, indicating confidence in its long-term growth and market position.

The team pitched a long position on Dean Foods' 6.50% Senior Unsecured debt, highlighting the potential for recovery and value in the distressed debt market.

The team recommended a long position in Dollarama with friendly activism, believing that the company has significant growth potential and can enhance shareholder value through strategic initiatives.

DG Capital Management owns Twin Rivers, which is merging with Dover Downs. Twin Rivers has shown incredible financial performance and operates leading casinos, making it an attractive investment as it

Contura Energy is the largest metallurgical coal company in the US, formed during the bankruptcy of Alpha Natural Resources. The shares trade at about 2.5x estimated EBITDA and 3.5-4x free cash flow,

Despite a recent hiccup in performance due to disappointing promotions and new competitors, Align Technology is well-positioned for long-term growth. The brand equity of Invisalign is likened to that

Starbucks is expected to continue growth from both the US and China, with a strong established position in China despite short-term headwinds. The strategy of opening more stores rather than optimizin

Adobe is a top holding due to its competitive advantage and strong opportunity for reinvestment at high incremental returns. The transition to a subscription model has made revenue more predictable an

Tencent is another high-growth company that is part of Polen's investment strategy. Its strong fundamentals justify its higher valuation, and it is expected to continue growing at a significant rate.

JD is a direct competitor to Alibaba but is heavily weighted towards a low-margin, capital-intensive business model. While JD has advantages in logistics, Alibaba's dominance and reinvestment strategi

Alibaba is a dominant player in the Chinese e-commerce market and is well-aligned with China's strategic direction towards a consumer-driven economy. The company has significant growth potential as Ch