Okta's ( OKTA ) stock has been let out of the doghouse by investors over the past 6 months. While the company's revenue growth remains tepid, margin gains have been impressive. RPO growth also points towards a revenueRichard 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 with secular growth op ...

Company Performance - Schrödinger (NASDAQ: SDGR) reported extremely strong results in Q1, indicating a thriving business despite a challenging demand environment [1] - The company's share price reflects its positive performance and potential benefits from regulatory tailwinds going forward [1] Investment Strategy - Narweena, an asset manager, focuses on identifying market dislocations due to poor understanding of long-term business prospects, aiming for excess risk-adjusted returns [1] - The investment approach emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term horizon [1] - Narweena targets smaller cap stocks and markets with less obvious competitive advantages, driven by the belief that an aging population and low growth will create new investment opportunities [1] Market Trends - Many industries may face stagnation or secular decline, which could paradoxically enhance business performance as competition decreases [1] - Conversely, some businesses may encounter rising costs and diseconomies of scale, impacting their performance negatively [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments over time [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia [1]

Company Performance - Unity's first quarter results were soft but in line with expectations, indicating a stable performance despite challenges [1] - The Create business segment is showing signs of recovery, while the adtech segment remains uncompetitive [1] Investment Strategy - Narweena, an asset manager, focuses on identifying market dislocations due to poor long-term business prospects, aiming for excess risk-adjusted returns [1] - The investment approach emphasizes company and industry fundamentals to uncover unique insights, with a preference for smaller cap stocks and markets with less obvious competitive advantages [1] Market Trends - An aging population with low growth and stagnating productivity is expected to create new investment opportunities, differing from past trends [1] - Many industries may experience stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - The economy is increasingly influenced by asset-light businesses, leading to a decline in infrastructure investment needs [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia over time [1]

Group 1 - Snap Inc.'s first results showed solid performance primarily due to strong subscription revenue growth, but management's downbeat tone and lack of guidance for Q2 raised concerns among investors [1] - Richard Durant leads Narweena, an asset manager focused on identifying market dislocations and businesses with long-term growth opportunities in markets with barriers to entry [1] - Narweena's investment strategy emphasizes company and industry fundamentals, targeting deeply undervalued stocks with a high risk appetite and a long-term investment horizon [1] Group 2 - The aging population, low population growth, and stagnating productivity growth are expected to create new investment opportunities, differing from past trends [1] - Many industries may experience stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments and driving up asset prices while compressing risk premia [1]

Laurentian Research is a resource industry veteran with a Ph.D. in geoscience and decades of investment experience. He leads the investing group The Natural Resources Hub, with an aim of helping membes uncover undervalued opportunities in the energy and mining sectors with multi-bagger potential. He is also passionate about helping members find dividend growth opportunities from long-term growth industries. Members get weekly newsletters, proprietary in-depth analyses, trade alerts, model portfolios, privat ...

Pinterest, Inc. (NYSE: PINS ) reported solid revenue growth in the first quarter, supported by strong growth in users and engagement, along with continued improvements in advertising capabilities. Despite this, Pinterest's share price is down around 16% since IRichard 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 i ...

Group 1 - Mobileye's business has shown stability in recent months, which is considered a positive outcome amid tariff uncertainties [1] - The company's Advanced Driver Assistance Systems (ADAS) segment appears to be solid, although there is limited new information regarding the commercial traction of its products [1] Group 2 - Narweena, an asset management firm, focuses on identifying market dislocations due to misunderstandings of long-term business prospects, aiming for excess risk-adjusted returns [1] - The firm emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and a long-term investment horizon [1] - Narweena's investment strategy is influenced by demographic trends, such as an aging population and low growth, which may create new investment opportunities [1] - The firm notes that many industries may face stagnation or decline, potentially improving business performance due to reduced competition [1] - There is a growing trend of asset-light businesses dominating economies, leading to a decline in infrastructure investment needs [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premiums over time [1]

Cognex's ( CGNX ) share price has come under further pressure in recent months, due in part to the company's valuation and mixed demand across end markets. In addition, Cognex's exposure to the logistics, automotive and consumer electronics sectors, andRichard 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 identifyi ...

Xometry's (NASDAQ: XMTR ) Q1 results were strong, and the company gave solid forward guidance, particularly given the uncertain macro environment. The full impact of tariffs likely won't be known for some time, though, and the fact that Xometry recently conducted Richard 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 b ...

Group 1 - Materialise's Q1 results were mixed but positively received by investors due to low expectations, with the Medical segment showing healthy growth [1] - Materialise's guidance indicates that tariffs will be less impactful moving forward [1] Group 2 - Narweena, an asset manager, focuses on identifying market dislocations caused by misunderstandings of long-term business prospects, aiming for excess risk-adjusted returns [1] - The research process at Narweena emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term investment horizon [1] - Narweena's investment strategy is influenced by an aging population, low population growth, and stagnating productivity, which may create new investment opportunities [1] - The firm believes that many industries may face stagnation or secular decline, potentially improving business performance due to reduced competition [1] - There is a trend towards asset-light businesses, leading to a declining need for infrastructure investments, which is affecting capital allocation and asset prices [1]