Spotify's subscriber LTV/SAC, estimates by Morgan Stanley

GenAI Monetization estimates from Morgan Stanley.

Published an update on $ZTS after Q1 earnings (free to read) Find it in the usual place!

Evercore ISI on Google search

Morgan Stanley out with a follow-up note today on Fiserv's $FI Clover volume growth expectations for 2Q. Looks like the gateway headwinds were miscalculated (and/or recently got worse) and messaging was poor.

As we approach a milestone of over 250 blogs since launching our S-Stack in early January 2024, we thought it would be helpful to highlight the 25 most-read pieces that best capture our strategy and the analytical rigor behind it. High-return low-risk quality investing 🧵

JPM's take on Bill Pulte's comments on FICO and the credit bureaus.

"For starters, commercial airliners are extremely complex machines with tens of thousands of components.  They range from landing gear assemblies and heat shields to safety buckles and luggage compartment fasteners.  Because of the inherent risks of flying large jets around

Just published my Deep Dive on $APG. Full Deep Dive below.

Auto parts retailers from JPMorgan $AZO $ORLY

Beer volumes and y/y growth rates from BofA's downgrade of TAP.