Carvana [CVNA]

Mid-Year Review [December 2020]

The second half of the year gave me the opportunity to analyze some very high-quality companies, including Arista Networks, United Health Group, Netflix and, most recently, Disney. As I said in my first mid-year write-up, you will find a swath of different types of opportunities here. I talk about deep value companies [Rolls Royce, Simon …

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Mid-Year Review [July 2020]

I hesitated before deciding to write mid-year review of some of the companies I talked about because I do not want this blog to be seen as a place to receive stock tips or buy/sell recommendations. Rather, I consider this blog as a real-time journey into my research process. Sometimes I encounter a really great …

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Carmax and the Struggle of Small Dealers

Introduction Circuit City is no more but its legacy lives on. CarMax was formed as a subsidiary of Circuit City in 1993. How and why an electronics retailer expanded into used car reselling is anyone’s guess, but as I will try to discuss at length, CarMax’s future will not follow the demise of its predecessor. …

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