Quality Growth at a fair price
I’m adding a new position this week. The company has been on a run over the last year, with a temporary fallback in price due to short-term headwinds. We have been following this business for a while, and believe it is a strong business - their competitive position, moat, management, and fundamentals & growth are extraordinary. The industry that this business operates in is growing above 20% annually and is set to do so for the next 5 years. The company has fantastic fundamentals, high margins, return on capital, and growth levels. Additionally, the company is founder-led. The company has crushed the S&P500 over the last 10 years with a compounded annual growth rate of 32%:
