The ancillary trade, or the “picks and shovels” trade, as many refer to it, has been a lucrative way to build wealth over the years. Here, one is not getting on the bandwagon of an exciting or transformative space. Rather, the bet is on the engine and the nuts and bolts powering this bandwagon. Whether it was the “Gold Rush” of the mid-19th century or the AI revolution now, the “picks and shovels” trade has been a rewarding bet for investors. However, the choice of the right picks and shovels is necessar ...

Core Insights - Montreal-based Formula Growth has acquired a new position in Laureate Education, purchasing 111,000 shares valued at $3.5 million, representing approximately 1.25% of the fund's reportable U.S. equity assets as of quarter-end [2][3]. Company Overview - Laureate Education reported a revenue of $1.58 billion and a net income of $203.71 million for the trailing twelve months (TTM) [5]. - The company's stock price as of the last market close was $33.83, reflecting an impressive one-year price change of 86% [5]. Recent Performance - In the third quarter, Laureate Education achieved revenue of $400.2 million, marking a 9% year-over-year increase, with adjusted EBITDA rising to $94.8 million [12]. - Total enrollments increased by 6% year to date, with particularly strong growth observed in Peru [12]. Financial Position - Laureate Education ended the quarter with $241 million in cash and $102 million in debt, resulting in a net cash position [12]. - The management has raised full-year guidance and expanded its share repurchase authorization to $250 million, indicating confidence in the company's free cash flow durability [12]. Business Model - Laureate Education provides undergraduate and graduate degree programs in various fields through a network of universities and higher education institutions in Mexico, Peru, and the United States [9][10]. - The company primarily generates revenue from tuition and related educational services, targeting students seeking higher education, especially in emerging markets in Latin America and select U.S. locations [9].

Excluding prior year self-insurance adjustments, organic growth, adjusted EPS and adjusted EBITDA exceed management expectationsFourth quarter revenue was a record $2.3 billion, an increase of 5.4% over the prior year, with organic growth of 4.8% contributing meaningfully to overall performanceNet income for the quarter totaled $34.8 million, or $0.56 per diluted share, improving from a net loss of $(11.7) million, or $(0.19) per share, a year agoAdjusted diluted EPS was $0.88, which includes a $(0.26) impa ...

​Autodesk, Inc. (NASDAQ:ADSK) is one of the Best SaaS Stocks to Buy Right Now. On December 11, Saket Kalia from Barclays reiterated a Buy rating on the stock with a $390 price target. Earlier on November 28, Taylor McGinnis from UBS also reiterated a Buy rating on Autodesk, Inc. (NASDAQ:ADSK) and also raised the price target from $385 to $400. ​The positive outlook on the stock follows the company’s fiscal Q3 2025 earnings release on November 25. During the quarter, the company grew its revenue by 18.03% ...

A recent portfolio move highlights why scale, recurring revenue, and integration execution may matter more than short-term stock swings.Dallas-based Permian Investment Partners reported buying nearly 4.9 million additional shares of TIC Solutions, Inc. (TIC 2.27%) in a November 14 SEC filing.What HappenedAccording to a Securities and Exchange Commission (SEC) filing dated November 14, Permian Investment Partners increased its stake in TIC Solutions, Inc. (TIC 2.27%) by nearly 4.9 million shares during the t ...

Core Insights - Autodesk, Inc. is a leader in 3D design, engineering, and entertainment software, serving industries such as architecture, engineering, construction, manufacturing, and media, with competitors including Adobe and Dassault Systèmes [1] Stock Performance - Over the past 30 days, ADSK has experienced a slight decline of 0.53%, with a further decrease of 0.38% in the 10-day trend, suggesting a potential strategic entry point for investors [2][6] - The stock has a projected price increase of 24.36%, indicating strong growth potential supported by Autodesk's market position and strategic initiatives [3][6] Financial Health - Autodesk has a robust financial standing, evidenced by a Piotroski Score of 8, reflecting solid fundamentals and efficient operations, which is reassuring for investors [4][6] - The target price for ADSK is set at $373.4, indicating significant potential for increase from current levels, reflecting analysts' confidence in the company's growth strategies [5]

Core Insights - Progeny 3 increased its stake in TIC Solutions by 255,800 shares, raising its total position to 15.3 million shares valued at $203.1 million, making it the fund's second-largest holding [2][8] - TIC Solutions shares are currently priced at $9.42, reflecting a 27.5% decline over the past year, underperforming the S&P 500, which has increased by 12.5% in the same period [3][10] - The company is undergoing a significant rebranding and integration process following the Acuren-NV5 combination, with management emphasizing accelerating synergies and a larger operational platform [6][10] Company Overview - TIC Solutions, formerly known as Acuren, operates within the specialty business services segment, employing thousands and maintaining a strong presence in North America [5] - The company focuses on high-value, compliance-driven testing and engineering services, which are essential for clients' operational safety and regulatory compliance [5] - TIC Solutions is projected to achieve full-year service revenue between $1.53 billion and $1.565 billion for 2025, with adjusted EBITDA expected to be between $240 million and $250 million [9] Investment Perspective - Progeny 3's increased investment in TIC Solutions indicates confidence in the company's strategic transformation and potential for future growth [6][10] - TIC now represents 10.5% of Progeny 3's U.S. equity portfolio, highlighting its status as a high-conviction holding [8] - Despite the current stock performance, the market has not fully recognized the potential of TIC's combined platform, suggesting possible upside if management's projections for synergy capture and margin expansion are realized [10]

Core Viewpoint - ABM is set to release its fiscal fourth quarter and full year 2025 financial results on December 17, 2025, before market open [1] Group 1: Financial Results Announcement - ABM will host a quarterly conference call on December 17, 2025, at 8:30 AM (ET) for interested parties [2] - The conference call will be accessible via audio webcast on the company's website or by phone [2] - A supplemental presentation will accompany the webcast [2] Group 2: Replay Information - A replay of the conference call will be available approximately three hours after the webcast until December 31, 2025 [3] - The replay can be accessed by phone using a specific ID [3] - A link to the archived webcast will be available on the ABM website for 90 days [3] Group 3: Company Overview - ABM is one of the largest providers of integrated facility, engineering, and infrastructure solutions globally [4] - The company employs over 100,000 team members and generates over $8 billion in annual revenue [5] - ABM serves various market sectors, including commercial real estate, aviation, and manufacturing, focusing on innovative technologies and sustainable solutions [5]

Core Insights - Autodesk, Inc. is a leading provider of 3D design, engineering, and entertainment technology solutions with a market cap of $64.7 billion, operating globally across various regions [1][2] Financial Performance - Autodesk's stock reached a three-year high of $329.09 on September 8 and is currently trading 5.7% below that peak, with a 2.8% decline over the past three months, underperforming the SPDR S&P Software & Services ETF's 1.6% dip [3] - Year-to-date, Autodesk's stock has gained nearly 5%, with a 4.6% return over the past 52 weeks, contrasting with the XSW's 1.7% dip in 2025 and 4.8% decline over the past year [4] - Following the release of Q3 results on November 25, Autodesk's stock prices increased by 2.4%, with revenues soaring 18% year-over-year to $1.9 billion, surpassing expectations by 2.7% [5] Market Position and Analyst Sentiment - Autodesk has underperformed compared to its peer ANSYS, Inc., which saw an 11% surge in 2025 and 13.3% gains over the past 52 weeks [6] - Among 26 analysts covering Autodesk, the consensus rating is a "Strong Buy," with a mean price target of $370.72, indicating a 19.5% upside potential from current price levels [6]

Group 1 - Autodesk (ADSK) is nearing a key technical support level, attracting investor interest for potential buying opportunities, supported by strong fundamentals and steady demand for its design and engineering software [2][3] - The stock is currently trading within a support zone of $282.32 to $312.04, where it has historically rebounded, with an average peak return of 15.1% observed over the last 10 years [3] - Autodesk has shown consistent revenue growth of 13.8% over the last twelve months (LTM) and an average of 11.7% over the past three years, with a free cash flow margin of nearly 28.0% and an operating margin of 22.9% LTM [6] Group 2 - Autodesk's stock has experienced significant declines during major market downturns, including a 64% drop during the Dot-Com bubble and a nearly 77% decline during the Global Financial Crisis, as well as a 52% decline due to the inflation shock of 2022 [7] - The stock is currently trading at a price-to-earnings (PE) multiple of 60.7, indicating a high valuation relative to earnings [6] - Despite robust fundamentals, Autodesk remains vulnerable to sell-offs during periods of market turmoil, as well as declines triggered by earnings releases or business updates [8]