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Business Overview Key Metrics Total: -1.5/17 +2 ✅✅ Projected Operating Margin: 90% +0 ⚠️ Projected 5-Year Revenue CAGR: 4.5% +0 ⚠️ Last 5-Year ROIC: 7.65% +1 ✅ Estimated Cost of Capital: 6.86% (lower than ROIC) -1 ❌ Last 5-Year Shares Outstanding CAGR: +14.77% -2 ❌❌ Projected 5-Year EPS CAGR: -0.61% +0 ⚠️ Projected 5-Year Dividend CAGR: +5.00% +0.5 ✅ Moody's Debt Rating: Baa3 -2 ❌❌ Morningstar Moat: None +0 ⚠️ Morningstar Uncertainty: Medium Business Valuation Before presenting you the final valuation I will show you my assumptions, as well as the historical data and framework its based on. Revenue Growth Below is the last ~8-10 years of revenue growth for VICI.Read more

Alibaba is one of the few large-cap companies in the world where there appears to be a meaningful gap between market perception and the underlying value of its assets. At current prices, many investors still view Alibaba primarily as a Chinese e-commerce company.Read more

Eli Lilly’s weight-loss and diabetes drugs are already driving unusually fast growth, but the bigger twist is a next‑generation treatment still in late-stage testing that could expand the company’s reach if results hold up. The upside comes with real pressure from price cuts, tougher reimbursement rules, and the risk that future trial readouts disappoint.Read more

Microsoft’s heavy spending is scaring the market, but the real story may be that customers want more cloud and AI capacity than the company can deliver. The bigger question isn’t whether the spending is reckless—it’s what happens if demand cools or regulators step in.Read more

Microsoft keeps leaning harder into cloud software while stepping back from its lower-profit lines, and that mix shift could keep the business getting more efficient over time. The catch is that cloud pricing pressure and uncertainty about how AI changes Office could slow that progress—making today’s pricing a closer call than it first appears.Read more

(This story appeared on my substack page around a week ago - https://piproberts25.substack.com/p/aristocrat-leisure-the-hidden-moat?r=6kjdcg ) Aristocrat Leisure (ASX) is a high-quality, cash-generative business with a durable competitive moat and attractive long-term growth prospects. Once known primarily as a poker machine manufacturer, the company has steadily transformed itself into a global gaming technology business with operations spanning land-based gaming, social casino games, online gaming and iGaming platforms.Read more

Meta’s shares slide even as its ad business keeps getting stronger, and the big hit comes from heavy spending and a couple of messy, one-off costs. The real question is whether that spending builds a long-term advantage or turns into a money sink—and what that means for adding more shares versus simply holding.Read more

Robo.ai teams up with an Abu Dhabi partner to build a new group that sells robots and AI software to governments and operators of critical infrastructure across the Gulf and beyond. The big question is whether this push into security-focused, high-stakes projects can turn “made in the UAE” manufacturing and full end-to-end systems into durable growth.Read more

After selling off major divisions and paying down debt, VISN now sits on a large cash pile and plans to send most of it back to shareholders soon, leaving behind just one growing business. The remaining Aurora Networks unit is expanding quickly and could be worth far more if it gets re-rated or sold, but taxes and timing around the payout matter.Read more