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 John Huber | Jan 30, 2019 | Ideas, Investment Journal
Apple reported earnings yesterday. My main takeaways: 1.4 billion installed devices (continues to grow)900 million installed iPhones (up from 825 million a year ago, and this number grew in all five major geographic territories)Services business is very profitable:...
by John Huber | Jan 17, 2019 | Ideas
Matt made a comment in a recent post regarding Verisign’s simplicity. Not just the simplicity with its business model (and it is one of the simplest businesses I’ve ever studied), but also the simplicity of the investment itself. In other words, owning Verisign is a...
by John Huber | Dec 26, 2018 | Ideas, Investment Journal
Happy Holidays to all our BHI readers! I hope you are enjoying some family time this week. As I sat around my Christmas tree last night after all the presents were opened and the kids were in bed, I was jotting down a few quick thoughts I wanted to share. There are...
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...
