Sign up to save your podcasts
Or
Share IP Fieldwork
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
IP Fieldwork episodes
- TransDigm Group PodcastIn this episode, we explore our recent research on TransDigm and discuss:How traditional OEM's approach OE and aftermarket pricing vs TDGHow TDG's aftermarket philosophy is unique How airframers could combat TDG bargaining power How we approached our research to understand TDG pricing power23 min
- Spotify Podcast AdvertisingWe discuss our recent research piece on Spotify's push into Podcasting and how it plans to monetise shows via advertising. We explore:How to segment Spotify's podcast inventory and monetisation methods across inventory typesBidding and sales mechanisms across top podcast shows Spotify's take rate across inventory typesSpotify Podcast unit economics and outlook27 min
- Wayfair: CastleGate and Last Mile DeliveryWe discuss our recent research on Wayfair CastleGate and its logistics offering to suppliers. We explore:How furniture dropshipping compares to Wayfair CastleGate logisticsPotential advantages of Wayfair CastleGate vs dropshipping Challenges driving CastleGate penetrationHow we're exploring Wayfair logistics unit economics vs competitors More on our upcoming furniture supplier survey18 min
- Zara & SHEIN Supply Chain AnalysisWe discuss how SHEIN has structured its supply chain relative to incumbent fashion retailers. We explore:Zara and SHEIN's supply chain philosophy How SHEIN can pay suppliers within 4 daysSustainability and QC challenges at SHEINHow Boohoo and ASOS can react to SHEIN's growth24 min
- Constellation Software: Operating KPIsWe discuss the process and structure of our recent analysis on Constellation's 5 operating KPIs. We explore:How CSI reports revenue and cost lines in consolidated vs opco accountsThe 5 major KPIs CSI uses to manage VMS businessesCSIs moat vs other VMS acquirers What one can learn from the 5 KPIs in operating VMS19 min
- HEICO / WencorWe discuss the process and structure of our recent analysis on HEICO's acquisition of Wencor. We explore:The structure of the aftermarket value chainSynergies between HEI / Wencor across PMA, MRO, and distribution Advantages of owning MRO and distribution with PMA assetsHow HEI bargaining power changes post-acquisition Why the alternate bill of materials strategy is an opportunity for HEI23 min
- Credit AcceptanceWe discuss the process and hypotheses we're testing in our recent survey with CACC dealers. We also explore:The two core questions we explore in the CACC survey and why they are important How we approached sourcing auto dealers to complete the survey Why sourcing quality executives is difficult and techniques to improve sourcingOur approach to conducting quality surveys and upcoming work50 min
- Constellation Software: Altera Acquisition AnalysisWe discuss the year-1 performance of Altera, CSI's largest acquisition to day, and share our learnings from 6+ hours of interviews with Former Altera / Allscripts executives and CSI M&A execs who worked on the deal. We explore:Why Altera's customer churn could be higher than expectedChallenges meeting meaningful use regulations and new product development on Altera's R&D budgetImpact on CSI's potential levered and unlevered IRRComparison with Acceo, CSI's first LBO in 201818 min
- Constellation Software & VMS CompetitionWe discuss the 6-month research project that led to our report on CSI's competitive risks. We discuss why it seems everyone today is rolling up VMS and the potential risks to CSI, including:How many CSI copycats we found across US / EU How their strategy differs to CSIHow increased competition may increased CSI ROIIC11 min
- Burford CapitalWe discuss the history of Burford Capital and more specifically:Why Muddy Waters' short was perfect timingLitigation finance as an asset class vs other altsBUR Management team Risks with the business and investment case46 min
About IP Fieldwork
From the publisher's feed
IP Fieldwork is a podcast hosted by In Practise, an investment research platform for fundamental investors. This podcast is focused on the art of primary research. How can investors have better…
conversations with industry executives to learn more effectively? How can we check our biases? Ultimately, how can we build conviction and disprove our hypotheses through primary research? Disclaimer: This interviews are for informational purposes only and should not be relied upon as a basis for investment decisions.