FreeCOST9 min read
COST — trimming into strength
COST
Delayed
The thesis
Ad reacceleration plus margin discipline is a combination the market keeps doubting.
Valuation finally rhymes with the growth runway after the de-rate.
What I'm watching
- COST cloud growth vs guide
- COST cloud growth vs guide
- A clean move through the level I flag below
Positioning
Short on COST, 3-10 years horizon. Conviction: Medium. A capex air-pocket would pressure the multiple; position accordingly.
Opinion, not investment advice. The author may or may not hold positions discussed.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.
Comments
1 commentCame back to this after the move — held up well.