Asset Light

Tagged analyses

depth score: 0

MARAsset-light fee machine compounding on a global brand toll bridge.

Hold · 2026-05-04

HLTHilton is a great asset-light franchise selling at a fair-but-not-cheap price.

Hold · 2026-05-04

EXPDAsset-light freight forwarder with 65% ROIC; pay closer to $130 for margin of safety.

Hold · 2026-05-04

ABNBToll-bridge marketplace at half intrinsic value, but stock-based comp keeps the toll leaky.

Buy · 2026-05-03

CBREAsset-light brokerage king at 0.60x IV, but transactional ROIIC tempers the bargain.

Buy · 2026-05-03

CBOEToll bridge on US options and VIX volume — wide-moat compounder trading at a modest discount to base IV

Buy · 2026-05-04

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