Conor

IDEXX Laboratories – Benefiting From the Growth of the “Pet Generation”

Analysis / November 3, 2022

Business Overview IDEXX Laboratories is a healthcare equipment company specializing in companion animal veterinary, livestock, poultry, and dairy products and services. The company also has a small segment dedicated to water testing products used for detecting various microbiological contaminants. The companion animal group (CAG) segment provides the overwhelming majority of the company’s total revenue, accounting …

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Portfolio Review – July 2022

Portfolio / October 1, 2022

July was a busy month for buys and sells in the portfolio. I have been working towards moderately rebalancing and adjusting my industry exposure and concentration. For example, coming into the month I owned 3 retailers, all with similarities/overlap in Home Depot, Lowes, and Tractor Supply. In Pharmaceuticals, I owned AbbVie, Amgen, and Bristol-Myers. With …

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Portfolio Review – June 2022

Portfolio / October 1, 2022

Markets continued to trend downward over the course of June, opening up new buying opportunities in previously expensive sectors. Despite recession fears and overall uncertainty, I am continuing to build up my positions. While nobody can predict the future, I wouldn’t be surprised to see markets bottom before the actual economy. Inflation may have already …

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AMETEK – A Serial Acquirer and High Quality Conglomerate

Analysis / November 3, 2022

Business Overview Ametek is an industrial conglomerate operating in the electrical equipment and component space. They focus on acquiring smaller companies operating in similar end-markets, or companies that are complimentary to the existing business structure. They break their operations down into two business segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG). The EIG segment …

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Portfolio Review – May 2022

Portfolio / October 1, 2022

The S&P 500 temporarily entered a bear market in May, with intraday lows on May 20th surpassing a 20% drop from all-time highs. Despite this mid-day drop the market actually closed slightly in the green for the month of May. The last week of May was the first green week the market had over the …

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KLA Corporation – A Semiconductor Equipment Leader

Analysis / November 3, 2022

Semiconductors continue to be a highly sought-after product in today’s increasingly digitized world. Demand for semiconductors comes from three main factors: more overall demand, more (smart) devices requiring chips, and more chips being required per device. Consider that the average electric vehicle requires 2,000 chips, which is roughly double that of the average non-electric car. …

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Sectors I’m Targeting for Long-Term Growth

Analysis / November 3, 2022

When investing for the long-term, it’s important to identify sectors that are poised to experience sustained and/or significant growth. Heavily investing in declining industries like tobacco may do okay in the short and mid-term, but isn’t an ideal strategy for multi-decade time horizons. There are many industries I think will do well over the next …

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Portfolio Review – April 2022

Portfolio / October 1, 2022

April was one of the worst months for the stock market we have seen in years. The Nasdaq fell about 13.3%, its worst monthly performance since October 2008. The S&P 500 lost 8.8%, its worst month since March 2020. Fears over inflation, economic growth slowing, and rising interest rates all contributed to stocks taking a …

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Medical Devices – An Overview of Industry Leaders

Analysis / November 3, 2022

Advancements made in modern medical technology have been truly astounding over the past couple decades. We’ve seen science pave the way for both higher quality and longer lifespans, with more medications, procedures, and devices enabling higher levels of human comfort throughout life. Moving forward, I think the trends we have seen will not only continue, …

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Portfolio Review – March 2022

Portfolio / October 1, 2022

Market volatility continued over the course of March, opening up buying opportunities for a number of quality companies. As a result, I added my first non-dividend paying stock to the portfolio and continued to build up some of my other positions. Buys and Sells In March I primarily focused on adding to my financials and …

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