Seeking Alphaยท2025-09-27 10:32Group 1 - The article discusses the underperformance of financial services toll booth companies in the market recently [1] - The author emphasizes the importance of sustained profitability, strong margins, stable and expanding free cash flow, and high returns on invested capital as key drivers of returns [1] - The author manages a portfolio on eToro, highlighting a focus on undervalued growth stocks and high-quality dividend growers [1] Group 2 - The author has a beneficial long position in shares of FICO and SPGI, indicating a strategic investment approach [2] - The author plans to sell FICO and use the proceeds to buy SPGI, suggesting a shift in investment strategy [2] - The article expresses personal opinions and does not provide compensation for the views shared, indicating independence in analysis [2]