TIP275: Mastermind Discussion 4Q 2019 (Business Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 29 December 2019
⏱️ 70 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to TI-P. |
| 0:02.5 | On today's show, we've reassembled the mastermind group to talk about four stock picks that might outperform the S&P 500. |
| 0:09.5 | Each member of our group makes a pitch, and the rest of the group provides important insights to think about and consider so the risk can be managed and the proper intrinsic value assessment can be made. |
| 0:19.0 | So without further delay, here's our mastermind discussion for the fourth quarter of 2019. |
| 0:25.0 | You are listening to the Investors Podcast. |
| 0:30.0 | Where we study the financial markets and read the books that influence self-made billionaires the most. |
| 0:35.0 | We keep you informed and prepared for the unexpected. |
| 0:39.0 | Hey, everyone. Welcome to the Investors Podcast. I'm your host, Preston Pishin. |
| 0:51.0 | As always, I'm accompanied by my co-host, Stig Broderson. |
| 0:54.0 | And we've got Hari Ramachandra, Toby Karlau here. |
| 0:58.0 | Guys, welcome back. We're thrilled to have you. |
| 1:01.0 | So during this discussion, we ran into a little bit of audio issues for the first like two or three minutes of this discussion. |
| 1:07.0 | You're going to find that Toby's audio is a little bit off, but I promise you it gets a little bit better as we go through the rest of the interview. So with that, we'll get started. |
| 1:16.0 | Okay, Toby, please go ahead with your peg. |
| 1:19.0 | Last time I was on, I had Vonage, which has fallen pretty significantly over the quarter, which was a short of mine. |
| 1:26.0 | So I think the time before that I had Netflix. So I have a, I have this theme of shorts that I'm going to continue with today. |
| 1:33.0 | My short is I three verticals, probably not a company that a lot of people have heard of the ticker is I, I, I, V. |
| 1:43.0 | It's a payment processor. What it does is it takes various different payment options and turns them into cash for different companies. |
| 1:51.0 | It does it across three lines, education, public sector and nonprofit, not a huge company. |
| 1:58.0 | It's a seven hundred and eighty million dollar market cap. The enterprise value is closer to a billion. So it's about two hundred million dollars in net, that sitting on the balance sheet. |
| 2:11.0 | It's a really expensive. It's close to ten times book value, e the e bit. My favorite metric, one hundred and fifty three times by any measure. |
| 2:22.0 | It's got these huge multiples because it's a software as a service business and anything that software as a service is now worth an infinite amount of money according to the public markets because they have an infinite total addressable market and I can scale there at zero cost. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.