SixMileCapital

[SixMileCapital @MileCapital]

@compoundpapi @fundiescapital I agree. I did some napkin math and I think youre currently paying 20x earnings for QB and 1x sales for the rest

[SixMileCapital @MileCapital]

@PythiaR Always ask the Vancouver peeps about recent IPOs of capital intensive business with low floats

[SixMileCapital @MileCapital]

@MG122506880 @MRatable I agree, I don't see QB as a loser. They have faced threats from low cost options before.

Turbotax I could see being hairy but I think it's priced in

[SixMileCapital @MileCapital]

@PythiaR @blondesnmoney Can confirm

[SixMileCapital @MileCapital]

@_sem_yyc @SadBillAckman The best of the bird app

[SixMileCapital @MileCapital]

@evrgn11112231 I think a biz like TT SHOULD be able to use brand and distribution to win in an agentic world but it does require execution. I'm new to the story but mgmt doesn't comes across as particularly strong, at least in the recent history.

[SixMileCapital @MileCapital]

@evrgn11112231 You're probably right, we underestimate consumer stickiness. the current turbotax user will likely continue to come back, maybe they lose pricing or lose margin as they serve more AI features

adding new clients could be hard but as you said, it's 15x, you don't need big growth

[SixMileCapital @MileCapital]

@P_Remarks @gordocap18 You need to underwrite a 1 handle

[SixMileCapital @MileCapital]

@returnoncap Was also partially to blame for one of those recessions! Now that's a moat attack

[SixMileCapital @MileCapital]

@DrewCohenMoney @StockWorthyApp They sell turbotax via cd... my mother-in- law still buys it at Costco. Wild

[SixMileCapital @MileCapital]

@PythiaR We just rolled out an internal chatbot and even management admitted it was equivalent to 2022 ChatGPT and even that might be a stretch

[SixMileCapital @MileCapital]

@JerryCap Why $MA over $V? International growth?(I own both)

[SixMileCapital @MileCapital]

@thecashman22 @ContrarianCurse 100%

[SixMileCapital @MileCapital]

@BarbarianCap I agree these desktop are impaired but for LSEG the stock reaction seems overdone. I have seen estimates that refinitiv is only 10% of EBIT. Slap a HSD multiple on that and mark TW to market and you get the rest for ~16x earnings?

[SixMileCapital @MileCapital]

@ErnestWongBWM And Shell sold $CNQ AOSP

[SixMileCapital @MileCapital]

@PythiaR Agreed, but also because employees have to buy on the open market it's a better time to join !

[SixMileCapital @MileCapital]

@StockTalk416 $GOOG is winning AI! @JerryCap

[SixMileCapital @MileCapital]

@StockTalk416 Makes sense. Happy for anyone making bank but hope they put some away for a rainy day