The Synopsis

In this Dialogue episode of The Synopsis, we discuss Netflix stepping away from Warner Bros., Duolingo and underlying growth issues, plus Paypal and what makes a great manager. 
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YouTube Video Links: Paypal, Netflix, Duolingo
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Show Notes
(0:00)  — Intro, Netflix/Paramount Warner Bros. Deal
(17:17)  — Duolingo Selloff
(30:08)  — Duolingo Valuation
(36:20)  — PayPal Overview
(42:48)  — What Makes a Good Manager?
(52:41)  — PayPal Valuation
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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 discuss the recent fears in SaaS with the looming AI risk and dig deeper into ServiceNow! 
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Watch the ServiceNow Video here, or the Constellation Software Video Here, the Adobe Video Here. 
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Show Notes
(0:00)  — Intro
(3:48)  — ServiceNow Business Overview
(13:00)  — Risks to ServiceNow
(21:32)  — AI Control Tower
(24:14)  — Competitive Dynamics
(32:10)  — Valuation
(35:18)  — Mature Margin Diatribe
(42:39)  — AI Risk Rebuttal
(46:16)  — ServiceNow Blue Sky Scenario
(47:38)  —  Intuit Disrupted?
(50:46)  — Will Margins Collapse for SaaS?
(52:54)  — Difference Between SMB vs Enterprise SaaS
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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 Company episode of The Synopsis we talk about Shift4, drawing from our 85-page research report to cover everything from their early history, to an overview of the payment landscape, and their unique customer acquisition model, as well as competitive moats.
**Learn more about our 85-page Shift4 Research Report here**
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Show Notes
(0:00)  — Intro
(6:04)  — Why Shift4?
(11:36)  — Payment Processing Example
(18:34)  — Shift4 History
(45:40)  — Revenue Breakdown
(57:10)  — Gateway Economics
(1:00:00)  — Business Overview
(1:02:00)  — Competition
(1:10:00)  — Value Proposition
(1:15:56)  — Capital Allocation & ROIC
(1:27:00)  — Valuation
(1:32:16)  — Risks
(1:38:00)  — Upside
(1:40:50)  — Shift4 CEO Interview Announcement
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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 recording no contributors had a position in FOUR. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we discuss the recent sell off of software names, Constellation Software, and introduce the idea of "Point of Monetization" to analyze why Dating Apps are such a bad business. 
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Watch the Constellation Software Video Here, the Adobe Video Here, or The "Why Dating Apps are a Bad Business" Video Here. 
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Show Notes
(0:00)  — Ferrari Report
(1:14)  — Software Selloff
(7:06)  — Will AI Become Modularized?
(8:25)  — CSU AI Risk
(24:30)  — Why Dating Apps are Bad Businesses
(39:52)  — Upcoming Announcements
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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 monologue episode of The Synopsis, we discuss AppFolio, Meta, & LVMH, plus make some CSU comments. 
Watch the Constellation Software Video
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Show Notes
(0:00)  —Monologue Intro
(1:16)  — CSU Video
(3:28)  — New Research Report Announcement
(5:02)  — LVMH 4Q25 Update
(10:26)  — AppFolio 4Q25 Update
(13:34)  — Meta 4Q25 Update
(24:51)  — Trailing Multiple Diatribe
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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/