Elastic: Rebound Isn't As Strong As It Appears

Group 1 - Elastic's Q1 results showed significant upside surprise with revenue growth reaccelerating and improving margins [1] - The strength in Elastic's first quarter results was reportedly broad-based, although the headline numbers may not fully reflect the underlying performance [1] - Narweena, an asset manager, focuses on identifying market dislocations and believes in achieving excess risk-adjusted returns through secular growth opportunities in markets with barriers to entry [1] Group 2 - Narweena's research process emphasizes company and industry fundamentals to uncover unique insights, targeting deeply undervalued stocks [1] - The firm has a high risk appetite and a long-term investment horizon, particularly in smaller cap stocks and markets with less obvious competitive advantages [1] - The aging population and low population growth are expected to create new investment opportunities, while many industries may face stagnation or secular decline [1]