Professional Investment Theses Compilation #1

$IEX, $VVV, TSE:CTS, TSE:BYD, $DHR, $EFX, $DE, EPA:OR, $CLMB, $DRVN, $AVTR, $PETQ, ETR:RHM, EPA:QDT, EPA:VRLA

While this substack will continue to be mainly focused on investment thesis and business model analysis, I’m starting a series of articles in order to gather investment thesis from professional investors that caught my attention in the last weeks.

Those are not at all investment recommendations and I am not endorsing any of these theses. Those are theses that I have enjoyed and could serve as a starting point for further research or could be of interest for other investors.

(If you think those posts are useful, please let me know by clicking the like button or sharing with anyone that you think could find it helpful. It is the only way for me to know that this is valuable)

IDEX Corp ($IEX) by Ensemble Capital Management

• IDEX is an engineered products company serving high-growth niche markets.

• Positive aspects:

  • Experienced and disciplined serial acquirer.

    • Generally acquires businesses that have #1 or #2 share in small, fragmented markets uninteresting to larger competitors.

  • Decentralized appro…