In this fantastic interview we spoke with the CEO of Shift4, Taylor Lauber, and CFO, Christopher Cruz. We covered everything from what sets Shift4 apart from competition to capital allocation and their latest acquistion of Global Blue.

You can find our Shift4 Research report here.

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Show Notes

(0:00) — Shift4 Business Overview
(1:14) — Where Shift4 Fits in the Payment Value Chain
(3:17) — How Shift4 Differentiates Itself
(7:12) — Competitive Dynamics
(8:46) — Toast vs Shift4
(14:26) — ROIC and Capital Allocation
(24:46) — The Role of Gateway and Global Blue
(36:34) — Global Blue Competitive Dynamics
(44:06) — Organic Growth vs M&A
(59:39) — 2027 Free Cash Flow Target Still on the Table?
(1:04:22) — Can Shift4 be Recreated?

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this exceptional interview, we talk to Cofounder of Square (Block) Jim McKelvey on competing against Amazon. From his time at Square, he saw how they were able to outcompete Amazon and he wasn't sure how that was possible given their superior resources, merchant network, and large base of talented employees. After better understanding how that was possible, he wrote a book on his insights called "The Innovation Stack". In this interview we touch on some of his key learnings, as well as talk about why it is so hard to copy some businesses.

**Purchase Jim's Book, The Innovation Stack, Here

AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.

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Show Notes

(0:00) — Amazon vs Square
(13:22) — Why Amazon Quit Against Square
(24:58) — Southwest
(37:33) — Copying a Companies Innovation Stack
(40:53) — Advice to Build a Business

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discuessed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we discuss Netflix stepping away from Warner Bros., Duolingo and underlying growth issues, plus Paypal and what makes a great manager.

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YouTube Video Links: Paypal, Netflix, Duolingo

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Show Notes

(0:00) — Intro, Netflix/Paramount Warner Bros. Deal
(17:17) — Duolingo Selloff
(30:08) — Duolingo Valuation
(36:20) — PayPal Overview
(42:48) — What Makes a Good Manager?
(52:41) — PayPal Valuation

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/