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In this post, I’m trying out a new format. I look forward to your feedback!
Many readers have asked me to provide regular analyses of the quarterly reports for the stocks in my investable model portfolio. While I generally advocate not overemphasizing individual quarters and thinking long-term when investing, I can certainly understand this request. During earnings season, so many figures, presentations, and conference calls are released within just a few days that even interested shareholders can barely keep up and find it difficult to determine what’s important.
Until now, I’ve usually only posted a longer article on my HGI Substack when a company’s investment case changed significantly. I intend to keep it that way. After all, I don’t want to retell the same company story with updated numbers every three months.
With the new HGI Earnings Radar, however, I’m bridging that gap by providing short, to-the-point updates on the quarterly reports for the stocks I hold. The focus isn’t on every single metric - you can find plenty of those articles elsewhere.
Here, the focus is on the few questions that are truly crucial to me as a shareholder:
Is the core business moving in the right direction?
What’s happening with free cash flow?
How is management allocating capital?
Is the valuation of the stock still attractive?
Does this have any implications for my portfolio?
This very first HGI Earnings Radar covers four very different Q2 reports:
PayPal continues to generate plenty of cash flow.
People Inc. remains an absurd sum-of-the-parts story.
Uber needs to finance its grand robotaxi ambitions.
HubSpot is asking its shareholders to trust its agent initiative.
