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Programming Announcement
April 12, 2026 | The Intrinsic Value Podcast is merging into The Investors Podcast feed, giving listeners earlier access to company breakdowns while the weekly newsletter continues every Sunday. Shawn and Daniel also tease a new co-host joining the team for future stock pitches.
Mini Constellation Software: Analyzing Spinoffs and Acquisitions
April 5, 2026 | Constellation Software has been one of the great compounders of the past decade, but its growing scale may limit future returns. In this deep dive, we look at four smaller companies tied to the Constellation playbook: Topicus, Lumine Group, Sygnity, and Asseco Poland.
Spotify: Investing in Music During The Age Of AI
March 29, 2026 | Spotify is one of the world’s most loved consumer apps, but investors still debate whether it is a truly great business. Here, we explore how its licensed-content model, supplier power, and recent margin inflection could shape Spotify’s long-term value.
Kelly Partners Group: The Constellation Software of Accounting?
March 22, 2026 | Kelly Partners Group is a founder-led serial acquirer of tax and accounting firms with a proven model and a long runway ahead. We explore why the stock’s sharp drawdown, resilient business model, and differentiated approach could make KPG one of the more interesting small-cap compounders today.
Figma: Recovering From An 80% Post-IPO Decline
March 15, 2026 | Figma is a high-growth design software company that may have been punished more for IPO hype than business performance. The question now is whether the stock’s steep post-IPO drawdown has created a more interesting setup, as investors weigh fear, sentiment, and intrinsic value.
Duolingo: Cheap Enough to Become a Multibagger?
March 8, 2026 | Duolingo is a founder-led learning platform with fast growth, a reasonable valuation, and a massive potential runway. We assess whether its business model can remain durable in an AI-driven world and whether it can realistically become the world’s largest learning platform.
Lyft: The Key to Winning the AV Wars?
March 1, 2026 | Lyft may be less of a punch-card compounder and more of a special situation, with its value tied to how the market may be underpricing its strategic relevance. The core debate is whether autonomous vehicles could turn Lyft from a mediocre standalone business into an attractive acquisition target for Big Tech.
Constellation Software: 100-Bagger at Historic Discount
February 22, 2026 | Constellation Software is one of the market’s great compounders, but its premium valuation has long made it difficult to underwrite. With AI concerns triggering its largest drawdown to date, the setup may finally be interesting enough for both new investors and existing shareholders to take a closer look.
Netflix: Winner of the Streaming Wars
February 15, 2026 | Netflix may no longer be the market’s favorite big tech story, but its business continues to compound impressively, with operating profits growing at a strong rate since 2018. After a sharp stock price decline, we take a closer look at whether the market is overlooking the company’s continued earnings power.
