TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 2 February 2024

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q1 2024. This quarter, they discuss Evolution AB. Evolution AB is well-known in the world of quality investors. The stock has compounded by over 60% per year over the past 5 years and seems to have a long runway for growth ahead. Clay and Kyle give an overview of why they own the stock and why they like the company's long-term prospects. Disclaimer: At the time of recording, Clay and Kyle both own shares in Evolution AB. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 06:44 - Resources Kyle found most helpful in initially researching Evolution AB. 06:48 - What Evolution’s business model is and how they make money. 17:15 - How the quantitative metrics look for Evolution. 28:40 - The massive tailwinds at play in their industry. 33:21 - The difference between a regulated and unregulated market. 38:12 - What geographies Evolution has the largest presence in. 42:45 - What the competitive landscape looks like. 46:18 - How Evolution has been able to continue growing and withstand competition despite the high returns they’ve achieved for many years. 49:24 - An overview of Evolution’s management team and recent acquisitions. 64:23 - How Kyle thinks about the valuation. 70:05 - The most important KPIs to track for Evolution. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Alta Fox Research. An expert analyst on Evolution: Ali Gündüz. Shree Viswanathan’s recent letter which discussed Evolution. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve. | YouTube Video. Follow Kyle on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fidelity Wise NetSuite NDTCO Shopify TurboTax Babbel Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP.
0:03.0	On today's episode, I'm joined by my co-host Kyle Grieve to kick off a new series titled Best
0:08.3	Quality Ideas, where we discuss a quality stock we like for this quarter.
0:13.0	To kick off this series we'll be covering Evolution A B.
0:16.6	Evolution develops live casino games which are played all around the globe.
0:20.6	What I personally like about evolution is that they're really capitalizing on this trend from
0:25.2	land-based casinos to online casinos as more and more markets establish a regulatory framework.
0:32.1	Evolution is well known in the world of quality investors as the stock
0:35.3	has compounded by over 60% per year over the past five years and it seems to still have a long
0:41.2	runway for growth ahead.
0:42.9	In this episode, Kyle and I cover what evolution's business model is and how they make money,
0:47.9	how the quantitative metrics look for evolution historically, the massive tailwinds at play in their industry, the difference between a
0:54.9	regulated and unregulated market, what geography's evolution has the largest presence in, the
1:00.7	competitive landscape and evolution's moat, an overview of evolution's management team in recent acquisitions, the valuation and the most important KPI for investors to track and so much more.
1:11.0	Before we dive in, I've had many people reach out to me about the events TIP is hosting during
1:16.1	the weekend of the Berkshire Hathaway meeting in Omaha.
1:19.0	We'll be hosting live social events for members of our TIP mastermind community which is a paid group
1:24.0	our most passionate audience members are a part of and we're also hosting a more
1:28.1	private exclusive event known as the Berkshire Summit. The Berkshire Summit is a rare opportunity to spend an evening with me, William Green, and an amazing
1:36.8	group of elite all-star investors, some of which have been very popular guests on the
1:41.6	Richer-Wiser-Happier Podcast. We only have a few more spots. been very popular guests on the richer, wiser, happier podcast.
1:43.8	We only have a few more spots left for the summit, and you can learn more by staying until the
	...

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