I give a buy rating for Via Transportation, Inc. (NYSE: VIA ) as I am bullish about the scale of the addressable market and VIA's moat. With its end-to-end solution, increasingly better data moat, and efficient GTM strategy, it should beI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, ...

Core Viewpoint - Flanigan's Enterprises, Inc. has shown strong stock performance with a 37.7% increase over the past six months, significantly outperforming the industry and major indices despite challenges in the restaurant sector [1][7]. Financial Performance - For the 13 weeks ended June 28, 2025, Flanigan's reported robust improvements in both revenue and net income, with notable strength in restaurant food and bar sales, package store sales, and franchise-related revenues [2]. - The company has successfully offset higher food and liquor costs and rising labor expenses through pricing actions taken over the past year, with expectations for continued benefits in food and bar sales through fiscal 2025 [3]. Market Position and Strategy - Flanigan's operates 32 establishments, including restaurants and liquor stores, and franchises five units, indicating strong growth potential [8]. - The dual business model of restaurants and liquor stores provides steady revenue streams and enhances brand recognition, which supports resilience during economic downturns [10]. - The company has a long-standing presence in South Florida, leveraging community ties and brand loyalty to maintain a competitive edge [11]. Cost Management - Flanigan's employs strategic procurement practices, such as locking in key food supply agreements, to mitigate cost volatility and maintain stable margins despite inflationary pressures [12]. Challenges - The company faces rising labor costs and staffing shortages, which could pressure margins if not managed effectively [13]. - Intense competition from national restaurant chains and discount liquor superstores poses a threat to market share and pricing power [13]. Valuation - Flanigan's trailing 12-month EV/Sales ratio is 0.29X, lower than the industry average of 4.45X but higher than its five-year median of 0.25X, indicating potential for growth [16]. - Compared to peers like Ark Restaurants and Nathan's Famous, Flanigan's valuation suggests superior performance expectations [18]. Investment Outlook - The company's strong core business strength and financial footing present a compelling case for both existing and new investors to consider holding or adding shares [19][20].

Group 1 - The article expresses a positive outlook on WiseTech Global (OTCPK:WTCHF), highlighting its strong competitive position and improved status following the acquisition of e2open [1] - The investment strategy focuses on identifying businesses with potential for long-term growth and significant terminal value, emphasizing the importance of competitive moats, unit economics, reinvestment opportunities, and management quality [1] - The author aims to provide valuable insights to readers regarding long-term equity value drivers, advocating for a fundamental research approach in sectors with strong secular tailwinds [1] Group 2 - The author has no current stock or derivative positions in any mentioned companies and does not plan to initiate any within the next 72 hours [2] - The article reflects the author's personal opinions and is not influenced by any business relationships with the companies discussed [2]

Core Insights - McDonald's Corporation (MCD) is focusing on the high-margin beverage category to boost traffic and average check size globally [1] - The company plans to test an expanded beverage lineup in U.S. restaurants later this year, leveraging insights from its CosMc's pilot concept [1][4] - Management identified beverages, beef, and chicken as core growth pillars, supported by a new organizational structure with dedicated category leaders [2][10] Beverage Market Strategy - Insights from CosMc's indicate that 80% of customers prefer preset beverage recipes with minor customization, reducing operational complexity concerns [3][10] - McDonald's sees significant potential in the beverage segment, particularly in cold beverages, energy drinks, and customizable options, currently capturing about 10% of the U.S. coffee market [4] - The company is optimistic about integrating learnings from CosMc's into its core restaurants to drive growth [4] Competitive Landscape - McDonald's faces increasing competition in the premium beverage category from established players like Starbucks and Dutch Bros [5] - Starbucks dominates the U.S. specialty beverage market, with cold beverages making up over 75% of total drink sales, leveraging personalization and mobile ordering [6] - Dutch Bros reported a 10% year-over-year increase in same-shop sales and a 29% rise in total revenues, focusing on speed and customer connection [7] Financial Performance - McDonald's shares have decreased by 4% over the past three months, while the industry has grown by 4.5% [8] - The company trades at a forward price-to-sales ratio of 7.86, significantly higher than the industry's 4.02 [11] - The Zacks Consensus Estimate for McDonald's earnings per share indicates a year-over-year increase of 4.5% for 2025 and 7.8% for 2026, with recent upward revisions [13]