The Synopsis

In this rare interview, we talked to Rohan Noronha a head of M&A at Constellation Software in the Volaris Group. A special thanks to AlphaSense for putting this together.

*AlphaSense is hosting their AlphaSummit October 6-8 in Brooklyn, New York. Register and get a discount here.

*AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.

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Show Notes

(0:00) — Intro (4:16) — Copycats & competition (26:15) — Organic growth (41:30) — Opportunity in payments? (44:52) — Style drift (53:56) — How AI effects CSU (59:30) — Rapid fire questions

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast own $CSU. Furthermore, accounts contributors advise on may also have positions in $CSU. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

This is a "briefing" episode where we read our weekly Investor's Briefing newsletter that covers financial news of the week. If you wish to read it, you can find it here.

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You can get a free trial to AlphaSense through this link here and read 200k+ Expert Call Interviews.

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Show Notes

(0:00) — Updates

(0:27) — In Financial News

(4:54) — Company News: Meta, Nvidia, FactSet

(12:39) — Spotlight: RH Luxury?, LVMH Thread, Modularization

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we provide an update for RH and talk about the recent OpenAI/ Oracle Deal.

You can find a link to the RH update here.

*Expert Call Transcripts* If you want to get a free trial to access >200k AlphaSense expert call transcripts, use this link here.

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Show Notes

(0:00) — Intro

(2:00) — RH high-level update:

(7:00) — RH Paris

(9:03) — Tariffs & Furniture Investigation

(13:17) — Discounting, Horizontal and Vertical Inventory, Luxury Diatribe

(24:57) — RH Debt Load & Valuation

(30:59) — Oracle-OpenAI Deal

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Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.

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Follow Us:

Twitter: @Speedwell_LLC

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Email us at [email protected] for any questions, comments, or feedback.

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of publication, one or more contributors to this report has a position in RH. Furthermore, accounts one or more contributors advise on may also have a position in RH. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this new episode format we give a very short briefing on financial news of the week.

This draws on our new weekly newsletter called "The Investor's Briefing". If you wish to read it, you can find it here.

See Drew's New YouTube Video on When to Finish Researching a Stock Here

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For full access to all of our updates and in-depth research reports become a Speedwell Member here.

Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.

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You can get a free trial to AlphaSense through this link here and read 200k+ Expert Call Interviews.

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Show Notes

(0:00) — Updates

(0:38) — In Financial Markets

(4:54) — Company News

(11:49) — YouTube and Casey's

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Follow Us:

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we provide an update for Perimeter Solutions, Constellation Software, and Copart. Plus a risk to Nvidia's dominance and a bit of history on fed rate cuts vs battling inflation.

*Expert Call Transcripts* If you want to get a free trial to access >200k AlphaSense expert call transcripts, use this link here.

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Show Notes

(0:00) — Intro, Book Rec.

(2:41) — Perimeter Solutions Overview

(11:15) — IMS acquisitions and capital allocation

(23:09) — Constellation Software Recap

(29:50) — Copart Recap

(39:03) — Nvidia GPU Risk

(44:25) — Fed Rate History

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of publication, one or more contributors to this report has a position in PRM, CSU, and CPRT. Furthermore, accounts one or more contributors advise on may also have a position in PRM, CSU, and CPRT. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this new episode format we give a very short briefing on financial news of the week.

This draws on our new weekly newsletter called "The Investor's Briefing". If you wish to read it, you can find it here.

Drew Cohen's New YouTube Video on What Matter's More than Competitve Advantages

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You can get a free trial to AlphaSense through this link here and read 200k+ Expert Call Interviews.

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Show Notes

(0:00) — Intro

(1:07) — Updates

(1:37) — In Financial Markets

(6:30) — Company News

(15:44) — YouTube Channel

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we provide an update for Axon and Coupang after their 2Q25 results. You can find free versions of these updates below.

Axon 2Q25 Business Update

Coupang 2Q25 Business Update

*Expert Call Transcripts* If you want to get a free trial to access >200k AlphaSense expert call transcripts, use this link here.

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Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.

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Show Notes

(0:00) — Intro

(2:05) — Axon high-level business update

(10:40) — Dedrone

(17:10) — Axon FCF conversion

(21:15) — AI survey, international, and valuation

(28:00) — Coupang high level update

(36:10) — Coupang AlphaSense Interview commentary

(45:00) — Coupang Cloud

(49:15) — Taiwan and other markets

(55:16) — Coupang valuation

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Follow Us:

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of publication, one or more contributors to this report has a position in CPNG and AXON. Furthermore, accounts one or more contributors advise on may also have a position in CPNG and AXON. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this new episode format we give a very short briefing on financial news of the week.

This draws on our new weekly newsletter called "The Investor's Briefing". If you wish to read it, you can find it here.

~*~

For full access to all of our updates and in-depth research reports become a Speedwell Member here.

Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.

~*~

You can get a free trial to AlphaSense through this link here and read 200k+ Expert Call Interviews.

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Show Notes

(0:00) — LVMH

(1:57) — In Financial Markets

(7:40) — Company News

(12:25) — Spotlight

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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, Drew has a "dialogue" of one as he reviews 2Q25 earnings from AppFolio. You can find free versions of these updates below.

AppFolio 2Q25 Business Update

*Expert Call Transcripts* If you want to get a free trial to access >200k AlphaSense expert call transcripts, use this link here.

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Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.

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Show Notes

(0:00) — Intro

(0:52) — AppFolio Background

(2:29) — High Level Update

(8:57) — AppFolio AI vs. competitors, Cushman & Wakefield Expert Call Interview

(20:50) — AppFolio Stack Marketplace

(23:59) — Valuation, G&A, and Mature Margins

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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.

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Follow Us:

Twitter: @Speedwell_LLC

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of publication, one or more contributors to this report has a position in APPF. Furthermore, accounts one or more contributors advise on may also have a position in APPF. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

In this new episode format we give a very short briefing on financial news of the week.

This draws on our new weekly newsletter called "The Investor's Briefing". If you wish to read it, you can find it here.

~*~

For full access to all of our updates and in-depth research reports become a Speedwell Member here.

Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.

~*~

You can get a free trial to AlphaSense through this link here and read 200k+ Expert Call Interviews.

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Show Notes

(0:00) — Intro

(0:43 ) — In Financial Markets

(6:17 ) — Company News

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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.

Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.

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Follow Us:

Twitter: @Speedwell_LLC

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/