I opened a new position

Portfolio performance:

• 3-years: +301% vs S&P 500 +92%
• Year-to-date: +42% vs S&P 500 +12%

1 - Introduction

Yesterday, I finally pulled the trigger on a stock that has been on my watchlist for several months and that I have also written about in one of my deep dives. In my opinion, the company is best in class in its industry, yet the stock is down nearly 50% from its 52 week high, making the risk to reward ratio very attractive.

Revenue growth is above 100%, the company is free cash flow positive, margins are expanding, and its valuation has finally dropped into my buy zone. It has several long term tailwinds and a multibillion dollar backlog that should help it continue growing rapidly for the foreseeable future.

Let's dive into my new position and have a look at:

• What the company does
• How they makes money
• Its industry positioning
• Its multibillion dollar deals so far
• Position weight and next steps

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