Stock Analysis Compilation

International Growth on InPost $IPST LI Thesis: InPost is a leading logistics company based in Poland, operating 47,000 automated parcel machines and leveraging a low-cost model to achieve significant economies of scale, with strong growth potential and competitive advantages in…

Epoch Global Equity on McCormick $MKC US Thesis: McCormick is a global leader in seasonings and flavourings with strong revenue growth and a commitment to returning cash to shareholders, while Toro is a leading landscape equipment manufacturer with consistent cash flow and a…

Polen International Growth on MakeMyTrip $MMYT US Thesis: MakeMyTrip is India's leading online travel agency, with robust growth potential and a strong brand in a rapidly expanding market. (Extract from their Q2'25 letter)

Upslope Capital on Smiths Group $SMIN LN Thesis: Smiths Group is a UK-based industrial conglomerate undergoing a strategic transformation to focus on its profitable core businesses while simplifying its portfolio, supported by strong capital returns and a robust balance sheet.…

Artisan US Mid Cap Value Strategy on Align Technology $ALGN US Thesis: Align Technology is a medical device company specializing in Invisalign clear aligners, which we view as a high-quality investment opportunity acquired at a reasonable price following market volatility.…

Artisan US Mid Cap Value Strategy on CDW $CDW US Thesis: CDW is a resilient value-added reseller of IT solutions, poised for steady growth by consolidating its share in the fragmented VAR market, particularly by serving small and medium businesses. (Extract from their Q2'25…

Polen International Growth on Sea Ltd. $SE US Thesis: Sea Ltd. is a leading e-commerce and fintech company in Southeast Asia and Taiwan, poised for significant growth with a projected revenue increase of ~20% and profit growth surpassing 30% over the next five years. (Extract…

Artisan Sustainable Emerging Markets Strategy on Tencent $0700 HK Thesis: Tencent is a leading Chinese social network with over a billion users, a major player in gaming, fintech, and cloud computing, and has recently demonstrated shareholder commitment through a share buyback…

LRT Capital Management on Northrop Grumman $NOC US Thesis: Northrop Grumman stands as a mission-critical defense powerhouse, leveraging unmatched technological leadership, deep government ties, and long-cycle programs to deliver resilient growth and shareholder value in the face…

Polen Global Smid Company Growth on Lottomatica $LTO IM Thesis: Lottomatica is well-positioned to capitalize on the shift from offline to online gambling, driving significant revenue growth and attractive valuation compared to peers. (Extract from their Q2'25 letter)

Polen Global Growth on Starbucks $SBUX US Thesis: Starbucks is poised for substantial growth under new CEO Brian Niccol, whose practical turnaround plan aims to simplify operations and enhance customer experience across its stores. (Extract from their Q2'25 letter)

Appalaches Capital on Eagle Materials $EXP US Thesis: Eagle Materials defies conventional valuation models by uniquely blending upstream resource ownership with high-return cement and wallboard operations, offering rare pricing power and capital discipline that are often…

Polen International Growth on ICICI Bank $ICICIBC IN Thesis: ICICI Bank is a leading private bank in India with strong fundamentals, benefiting from favorable market conditions and expected mid-teen earnings growth. (Extract from their Q2'25 letter)

Artisan US Mid Cap Growth Strategy on Samsara $IOT US Thesis: Samsara is a software platform for asset-intensive industries that provides real-time data and insights for asset tracking and performance measurement, promising profitable growth despite recent contract delays…

Ariel Global Fund on Lottomatica Group SpA $LTO IM Thesis: Lottomatica Group SpA is a leading Italian gaming operator poised for growth through an omnichannel approach, enhanced technology, and market consolidation in the expanding online gaming sector. (Extract from their…

Bristlemoon Global Fund on Salesforce $CRM US Thesis: Salesforce is positioning itself as a dominant player in enterprise AI by leveraging proprietary data access and robust growth in its Data Cloud and Agentforce offerings, potentially elevating its stock valuation as these…

Artisan US Mid Cap Growth Strategy on RBC Bearings $ROLL US Thesis: RBC Bearings is a leading specialty bearings and motion control products manufacturer, poised for growth with recovering commercial aerospace demand and favorable contracts with Boeing and Airbus. (Extract from…

Artisan US Mid Cap Growth Strategy on Duolingo $DUOL US Thesis: Duolingo is a leading online language learning platform known for its gamified approach and strong growth potential through premium subscriptions, global expansion, and innovative educational products. (Extract…

Polen Global Smid Company Growth on Saia $SAIA US Thesis: Saia is a leading U.S. trucking company positioned for growth in the consolidating less-than-truckload segment, with attractive earnings potential and a favorable valuation. (Extract from their Q2'25 letter)

Ariel Global Fund on Ebara Corporation $6361 JP Thesis: Ebara Corporation is well-positioned to benefit from a near-term recovery in wafer fab equipment spending and long-term demand growth for its CMP tools, supported by a new management team's plans for improved operational…