Passing on Moelis (MC)
Jun 26, 2024
Moelis is a smaller investment bank, earning revenues from advisory fees to firms around mergers & acquisitions, divestitures, raising capital, and other business transactions. It also has an asset management arm that runs alternative investment funds. This is a transactional business, with revenues highly dependent around the economic environment and appetite for M&A and capital investment. The firm also competes against some major players like Goldman Sachs, JP Morgan, and Morgan Stanley. I don't see the recurring revenue or moat factors we look for, so I'm passing on it as a "green dot" stock candidate.
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Watch List
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| CRWD | 63.06% |
| SE | 29.38% |
| SNOW | 7.59% |
| APPF | 4.88% |
| PINS | -23.24% |
vs. Fair Value Estimates
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| ADBE | -40.48% |
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Hold List
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| CELH | 34.60% |
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| V | -5.03% |
| ADSK | -3.10% |
| NOW | -3.65% |
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| TEAM | -4.39% |
vs. Fair Value Estimates