Category Archives: SAMPLE POSTS

[AMZN] EXPLANATIONS MATTER

 “Theories are nets cast to catch what we call ‘the world’: to rationalize, to explain, and to master it.” The Logic of Scientific Discovery, Karl Popper I wrote about AMZN on the scuttleblurb blog earlier this year (I get deeper into the weeds in that post.  Check it out).  Mounting saccharine coverage on Google, Amazon, […]

[VRSK] HIGH QUALITY CASH COW, LIMITED REINVESTMENT OPPORTUNITIES

(2,414 words) When evaluating the competitive advantage of a data-based analytics business, three important questions come to mind: 1) Is the data proprietary? 2) Are the insights from the data critical? and 3) Does the data fuel a product feedback loop? Verisk began its operations in 1971 as Insurance Services Offices (ISO), a non-profit enterprise started […]

[SHW] VALUATION LOOKS STRETCHED

(2,600 words) If you’re unfamiliar with the architectural coatings sector, you might be surprised to know that selling paint can be a good business…and no one sells it more profitably in North America than SHW, whose market share gains have come from both the multi-decade shift from “Do-It-Yourself” (DIY) to professional paint jobs and a […]

[GAIA] INTERESTING COMPANY, LESS INTERESTING PRICE

(3,476 words) The ~$100mn float may render this jockey bet too illiquid for some of you hedge fund MoUs.  GAIA is a speculative enterprise with a questionable business moat run and 38%-owned by competent CEO/ascetic, Jirka Rysavy, who after spending years building and then paring away various businesses inside (as it is now called) GAIA, is […]