Loading investment pitches...
Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Shift4 Payments, Inc. (FOUR), a provider of payment processing solutions, was a bottom contributor during the fourth quarter. In November, Shift4...
— Spyglass Capital Management
Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($50/mo) and Pro subscribers.
Already a Research or Pro subscriber? Sign In
Other investors who've written on Shift4 Payments, Inc.
We first discussed Shift4 in our Q1 letter, where we bought shares and then sold almost immediately after a more comprehensive analysis. Shift4 is a...
Despite missing consensus estimates, Shift4 showcased strong underlying metrics with 25% payment volume growth and 55% adjusted free cash flow growth. The manager remains...
The payment processor's stock fell after forward profit guidance fell below investor expectations. The manager retains...
More institutional theses from Spyglass Capital Management
Forgent Power Solutions, a recent IPO specializing in electrical distribution equipment, is well-positioned to benefit from a structural surge in electricity demand driven by AI, reshoring, and electrification. Having expanded capacity...
Despite delivering its 60th straight quarter of double-digit revenue growth, CoStar's stock fell due to softer net new bookings. The manager remains...
Added in April, QXO fell after announcing its acquisition of TopBuild due to market concerns over leverage and integration. However, the manager...