Trend Micro
Trend Micro is a highly profitable, value-priced cybersecurity compounder successfully executing a platform transition while generously rewarding shareholders.
Topic
ai
A collection of 4 issues
Murata Manufacturing
Murata Manufacturing is a high-quality, wide-moat compounder trading at a cyclical inflection point, offering investors exposure to the secular megatrends of AI and vehicle electrification through the indispensable hardware that enables them.
Wolters Kluwer
Wolters Kluwer is a high-quality, defensive growth equity that offers inflation-protected recurring cash flows and proven capital allocation discipline, currently trading at a rational valuation relative to its peer group given its superior resilience and consistent compounding profile.
ASM International
ASM International is an enabler for the next decade of chip manufacturing, with its monopoly-like position in ALD technology and high returns on capital. At the same time, however, the company is highly dependent on the CapEx cycles of large foundries.