by Matt Brice | Mar 7, 2019 | Ideas, Investment Journal
The story behind National Beverage is an easy one. I first wrote about National Beverage in 2016 (see here). You can see financials below: 2016 2018 Growth Revenue 705 975 38.00% Operating Income 93 204 119.00% Margin 13.19% 20.1% National Beverage is a simple...
by Matt Brice | Feb 11, 2019 | Uncategorized
Verisign (“VRSN”): The quarterly update from VRSN is so enjoyable. It takes so little mental effort to realize that this is a great business. Additionally, each quarter, you realize how much heavy lifting is being done for you by the...
by Matt Brice | Dec 5, 2018 | Ideas
Facebook’s strengths rest in two very distinct areas: the user network and user data. If you want to determine whether Facebook is healthy, you need to ignore the headlines and focus on these two aspects. Is the user network still intact? Is the user data still...
by Matt Brice | Dec 3, 2018 | Ideas, Investment Theory
When I first wrote about Tinder’s parent company, Match, I believed there were two risks. I know I made a mistake with the first risk, and I believe there are lessons to be learned from both risks I identified. First, Tinder operates a freemium network user business...
by Matt Brice | Nov 12, 2018 | Ideas, Investment Journal
Shake Shack (“Shak”) is a burger joint that is much more than a burger joint. It’s tough to describe if you haven’t eaten there. At the end of 2018, Shak will have about 123 domestic (U.S.) company-owned locations and about 85 Licensed Shacks (the majority of the...
