My recommendation for Waystar Holding Corp. ( WAY ) is a buy rating. I believe WAY has a scalable and defensible business model, supported by its distribution and technical moat. With AI improving the product rather thanI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. ...

Financial Performance - WD-40 Company's FY25 net sales were $620 million, a 5% increase compared to $5906 million in FY24[109] - Maintenance products net sales reached $591 million, a 6% increase year-over-year[109] - The company's gross margin increased by 170 basis points to 551%[109] - Diluted EPS was $669, which included a $087 positive impact from a one-time income tax adjustment[109] - Pro forma net sales for FY25 were $600 million, a 6% increase compared to $5667 million in FY24[149] Strategic Initiatives and Growth Targets - The company targets mid-to-high single-digit revenue growth[131] - WD-40 Company aims for a return on invested capital (ROIC) of 25%+[132] - The company is targeting a compound annual growth rate (CAGR) of >10% for premiumized products[78] - WD-40 Specialist® is also targeting a CAGR of >10%[81] Capital Allocation - The company targets annual dividends at >50% of earnings[117] - WD-40 Company plans to accelerate share buybacks and fully utilize the remaining authorization in FY26[138]

Group 1: Company Overview - Berkshire Hathaway has a significant $281 billion equities portfolio, with Coca-Cola being a dominant investment, holding 400 million shares valued at $29 billion, representing 10% of Berkshire's portfolio [1][4] - Coca-Cola has a strong dividend history, having increased its dividend for 63 consecutive years, yielding 2.86%, which generates $816 million in annualized income for Berkshire [4][5] Group 2: Financial Performance - Coca-Cola's total dividend expenditure for fiscal 2024 was $8.4 billion, supported by a net profit margin averaging 23% over the past three years, indicating robust profitability [5] - In the first quarter, Coca-Cola experienced a 2% increase in volume, with pricing and mix contributing a positive 5% impact, showcasing its pricing power and brand loyalty [9] Group 3: Market Position and Stability - Coca-Cola maintains a sustainable competitive advantage with over 200 drink brands globally, achieving unmatched visibility and consumer loyalty [7][8] - The company has historically shown resilience during economic downturns, with stable demand even during the Great Recession, where revenue dipped slightly in 2009 but rebounded afterward [10] Group 4: Investment Considerations - While Coca-Cola offers steady income for dividend investors, it is not expected to provide significant capital appreciation, with a stock price increase of only 75% over the past decade due to its mature industry status [12] - The current economic environment presents challenges, but Coca-Cola is perceived as a safe stock, with shares up 15% in 2025 (as of June 4), excluding dividends [6][10]