A monopoly may arise from a patent or copyright, or from a trade secret, a moat, or — as maybe you are thinking about here — a firm with a market so narrow that others can’t of won’t compete. I don’t think I have any monopolies in my portfolio mainly b/c I don’t have any public utilities (not counting TMUS as a utility the way T’s subsidies were back in the day.) And some utilities — Hello Thames Water! — would best be sold short. Maybe I missed something above: I do have a few shares of MELI, having had them in the past and sold at a gain. And NU has done well for me though I have only a few shares I bought on 11 April 2023.
I own Mercado. Looks like a second chance at owning Amazon at a fair price. About Pharmx, you caught my attention. I will have a look in the coming weeks.
Thanks for the shout out Kevin. One point to add on the MELI reported FCF is that it’s artificially inflated by the credit business so needs to be adjusted. Still a wonderful business.
Just another reason to take everything from the data aggregators with a grain of salt. I think MELI can grow revenue in the low 20% to high teens over the next decade and earnings even faster given the operating leverage it can enjoy.
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A monopoly may arise from a patent or copyright, or from a trade secret, a moat, or — as maybe you are thinking about here — a firm with a market so narrow that others can’t of won’t compete. I don’t think I have any monopolies in my portfolio mainly b/c I don’t have any public utilities (not counting TMUS as a utility the way T’s subsidies were back in the day.) And some utilities — Hello Thames Water! — would best be sold short. Maybe I missed something above: I do have a few shares of MELI, having had them in the past and sold at a gain. And NU has done well for me though I have only a few shares I bought on 11 April 2023.
Thanks for sharing your insights! Need to dig a little deeper into MELI. But the story is out though...
I own Mercado. Looks like a second chance at owning Amazon at a fair price. About Pharmx, you caught my attention. I will have a look in the coming weeks.
Very illiquid. So if you decide to act, limit orders only...
Thanks for the shout out Kevin. One point to add on the MELI reported FCF is that it’s artificially inflated by the credit business so needs to be adjusted. Still a wonderful business.
Yep, like Adyen I guess. But their growth is phenomenal. I'm curious what the coming decade will look like...
Just another reason to take everything from the data aggregators with a grain of salt. I think MELI can grow revenue in the low 20% to high teens over the next decade and earnings even faster given the operating leverage it can enjoy.
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