To get it out of the way, the price action from the Q3 report sucked. Many dollars lost going down 55% in a day. It’s life, we’ll all live. Invest responsibly, etc. To most of you I am a Hindu god themed internet persona, not a financial advisor, so keep that in mind when making your own decisions.
Any comment to Wimal’s #3? I like Cdlx’s niche and moat with banks. Karim’s sales and other execs always give me pause although I realize this is not a good predictor. Execution and a new large US bank partner fuel the destination analysis and looking for this in q4. Karim needs to work on stronger earnings calls with explanations of this multifaceted business. Appreciate your work!
Thank you for your insights!
Any comment to Wimal’s #3? I like Cdlx’s niche and moat with banks. Karim’s sales and other execs always give me pause although I realize this is not a good predictor. Execution and a new large US bank partner fuel the destination analysis and looking for this in q4. Karim needs to work on stronger earnings calls with explanations of this multifaceted business. Appreciate your work!
Perhaps, you have addressed this topic elsewhere, but
1/ Where do you find new ideas for such a concentrated portfolio?
2/ Do you wonder if you're spending hours trying to develop an in-depth understanding
of a business in which you are essentially always an outsider for whom information
is limited?
3/ If making (and keeping) money is the end objective, is there lower hanging fruit elsewhere?
I didn't see them mention underperforming sales teams in QSR / retail on the call. Did I miss that or was that something you got from IR?