Durability, Family Ownership, and a Long Growth Runway (Part 2)

The Competition, The Moat, The Risks, Management, Capital Allocation, & Valuation

Hi reader and welcome back to another Best Anchor Stocks post!

Last week I uploaded the first part of the analysis of a company that I have recently added to the portfolio. In that article I shared a brief investment thesis (for free) and then discussed four topics in detail:

1. The long history of the company

2. What it does

3. Its financials

4. The growth drivers

This article is the second part (out of three) of this analysis and also discusses several key topics for any company:

5. The competition and the moat

6. The risks

7. Management & Incentives

8. Capital Allocation

9. Valuation

These topics are important for any company, but more so for this one because a good deal of the investment thesis relies on management’s capital allocation abilities.

The rest of the content is reserved for paid subscribers, but I wanted to share with you the content that I will upload over the coming weeks.

• Next week I will upload a detailed analysis of one of my portfolio companies which is currently facing some short term pressures. Its stock is down almost 50% year to date. This article will be exclusive for paid subscribers.

• I am also planning on uploading next week or the week after that a free article that will be uploaded with a podcast. I think this article will be well worth your time.