Update from the PMs – March 2024

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– Andrew Macken & Chris Demasi

 

One of the most important things our investment team can do for you is extract and compare the critical elements of investment opportunities across a wide range of industries and geographies.

One particularly important element is high-quality revenue growth. We want to see three things: (i) revenue growth to be higher than average; (ii) that growth to be sustainable over an extended period; and (iii) for revenue growth to not be dependent upon significant capital investments being made.

High-quality revenue growth is truly valuable. And it’s often undervalued by the market, which is Montaka’s opportunity.

Montaka owns businesses with high-quality revenue growth across enterprise software, payments, digital marketing, credit-ratings, and digital real estate, to name just a few.

And Montaka’s investments in Blackstone and KKR – leaders in the alternative asset management (‘alts’) space – really stand out as prime candidates of companies that exhibit this quality revenue.

This month in ‘6 reasons why Blackstone shares are massively undervalued‘, Amit highlights six underappreciated elements of Blackstone’s business. Each support Montaka’s large investment in the company.

Then in ‘4 simple steps to unearth great investment opportunities‘, Andy describes Montaka’s key steps for identifying high-probability long-term winners in large, structural transformations. This framework allows us to identify and carefully examine the businesses that we’d want to consider for investment. Again, Blackstone is a perfect example of this framework coming to life and identifying a long-term winner.

Finally, in Montaka’s Spotlight Series podcast, Andy and Chris discuss the business advantages of Blackstone and highlight why its future prospects appear so bright.

 

 

Sincerely,

Andrew Macken & Chris Demasi

 

 

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Podcast: Join the Montaka Global Investments team on Spotify as we share real-time examples and investing tips that govern our stockpicks. Click below to listen. Alternatively, click on this link: https://podcasters.spotify.com/pod/show/montaka

 

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