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Staples is positioned to outperform Amazon in the B2B office supply market due to its dedicated sales team, fixed pricing, and superior customer service. The market has overreacted to Amazon's introdu

We are long Staples 8.5 2025 Senior Unsecured notes which are trading at 91.7 with a YTM of 10.3%. The market has overreacted to the announcement of Amazon Business Prime, dropping the newly issued bo

Google's search engine has proven to be superior to its competitors, making it difficult for new entrants to disrupt its market position. The company is expected to grow at a rate that exceeds GDP gro

Credit Acceptance is a lender of last resort for consumers with poor credit looking to buy cars. The company has a unique model that aligns its interests with car dealers, allowing it to effectively m

We’ve owned Google since maybe 2010 and recently bought more, as it now constitutes about 10% of Sequoia Fund. We believe Google is a better business growing at a much more rapid rate compared to othe

ADP is one of the greatest success stories in American industry, having grown from a market cap of $10 million to $60 billion. The company earns a 40% return on equity and has a debt-free balance shee

First Data Corporation is projected to generate over $6 billion in cumulative free cash flow over the next four years, which will significantly reduce its net debt to EBITDA ratio. This de-leveraging

CarMax has a unique business model for selling used cars that has proven difficult for competitors to replicate. The company is only halfway built out across the U.S., presenting a significant opportu

ServiceMaster is expected to grow free cash flow per share by 15-20% per year, with the stock currently trading at a 7.5% FCF yield. The upcoming spinoff of American Home Shield (AHS) and Terminix is

ServiceMaster is a complex company with three market-leading businesses: Terminix, American Home Shield, and a franchise business. The stock price has fallen from over $40 to $32 due to market misunde

We are long on Spirit Aerosystems (SPR) with an end of 2017 price target of $72, offering 31% upside from 11/11/2016's price of $55.02. The investment thesis is supported by favorable industry dynamic

Jeremy Weisstub and Damian Creber of Aryeh Capital believe that ServiceMaster Global Holdings presents a compelling investment opportunity due to its strong market position and potential for growth. T

Sherwin Williams is identified as a compounder business that is often overlooked, suggesting it has strong growth potential and stability. The mention of waiting for the right price indicates a strate

The investor believes in the long-term growth potential of Dollarama, expecting a store count growth of 1,700 stores, which represents a 9.1% CAGR over five years, outperforming the 5% consensus. They

We recommend a long on Yum China Holdings (YUMC) with a 2-year price target of $45, offering 35% upside from today’s price of $33. We see a bull-case upside of 61% and an attractive upside/downside ra

WRLD operates in the installment lending space, which is more user-friendly than payday lending. The company has a strong community presence and a loyal customer base, which supports its financial per

Ashtead Group is a rental company that is part of a diversified investment strategy, focusing on companies that provide essential services and have growth potential in the rental market.

Cimpress is included in the portfolio as a stable investment alongside other positions, indicating a diversified approach to investing in companies with growth potential.

Credit Acceptance Corp. is part of a portfolio that focuses on subprime lending, which is often misunderstood. The company plays a crucial role in providing financing options to individuals who may no

Cliff Sosin believes Herbalife is a legitimate company with strong economics and a loyal customer base. Despite initial skepticism influenced by a short seller's presentation, Sosin's research reveale

Nick Briody pitches a short on Smucker’s, indicating concerns about the company's valuation and potential challenges ahead.

Samsung Electronics is undervalued due to its strong free cash flow generation and significant cash reserves exceeding $60 billion. The company's disciplined capital allocation and potential for retur

Samsung Electronics was undervalued due to concerns about its smartphone market share loss and a slowdown in its DRAM semiconductor business. However, the consolidation in the DRAM market suggested th

We added Amazon to the portfolio this year, and it was one of those investments that we were fighting our own biases versus understanding the propensity and the potentiality of the outcome that was st