Interview. Spotify Case Study and Learning from Lululemon's Sentiment Shift with MBI

In this company focused interview, we talk with "MBI", or Mostly Borrowed Ideas, as he is known on Twitter. We focus on just two companies: Spotify and Lululemon. In our Spotify segment we cover what an investor would have thought in 2021 about Spotify without the ex post facto analysis and walk through developments in the audio company up to current day. Our Lululemon discussion is centered around the recent shift in market sentiment on the business and how valid the adverse risks are. You can find more about MBI and become a member to his research service here. *~*~*~*~* Get access to all of Speedwell Research's in-depth Research Reports here. If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to [email protected] -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Intro Spotify Case Study (3:29) — Spotify Background and Original Investment Thesis (14:38) — Comparisons to Netflix (21:41) — Spotify Advantages and Industry Dynamics (30:42) — Summarizing the Spotify Thesis (46:12) — What an investor could have seen in 2021 (53:32) — Pricing Discrimination and Pricing Power (57:45) — Clarifying the Bull Case (1:01:03) — Spotify Progress in 2023 (1:11:32) — Tech Risk Exposure Studying the Lululemon Drawdown and Sentiment Shift (1:19:24) — Shifting to Lululemon (1:22:54) — Bear critiques are cliche (1:26:33) — Why is the Business so Successful? (1:34:00) — Lululemon Bear Case and Rebuttal (1:45:17) — Alo and Lulu Consumer Preferences (1:47:14) — Risk and Making a Decision on Lulu (1:56:45) — Conclusion -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here *~*~*~*~* Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at [email protected] for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/