To The Moon

Here are 4 compounding machines that I’m currently researching:• First Sensor AG$First Sensor AG(FSXXF)$
• Descartes Systems Group Inc$Descartes(DSGX)$
• Infosys Ltd$Infosys(INFY)$
• Argan SA$Argan(AGX)$
What’s your view on any of the above? Infosys now has a significant shareholder in No. 10. Infosys is a solid company, has abundant labour at competitive salaries.

ARG PE 2! Very strong fundamentals. It nearly ticks all the boxes for me. Unfortunately it’s not really a multinational, a lot of its exposure is to the French economy.

DSGX is a very profitable and generates tonnes of cash. Network volumes could slow in a recession, but inversely can deploy its +$200 mill cash balance into acquisitions at attractive long-term returns. Pricey stock, but defensive business overall. Definitely looks like a great long term buy and hold investment.

DSGX ! Very good management that always delivered, a lot of successful M&A and benefiting from the covid which left a lot of economics actor on the side due to supply chain problems. They dont want to face that again, descartes is the solution they need

Infosys is too large now for my liking. Argan is within a stable non disruptive business sector that I like but there capital deployment efficiency has been continously falling. Would probably prefer Safestore hldgs as an alternative compounding machine in this sector.

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