Autodesk Q3 Preview: High Beta Stock In A Faltering Market

Autodesk's ( ADSK ) stock has performed poorly in recent years, which is largely due to the multiple expansion that occurred between 2016 and 2021. While growth is currently being boosted by a shift to direct billings, Autodesk's businessRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by identifying businesses w ...