Lululemon Athletica · apparel
wonderful · 95
narrow moat
Value$141.64
Price$100.58
MoS
+40.8%
Great economics and a fading-fashion risk; the price assumes decline, so modest growth still clears the bar.
Wonderful businesses at a margin of safety
2026-09-29
19fat pitches
200on watchlist
10/22cleared gate today
102%universe scanned
5.2%risk-free
Fat pitch of the day
opus
IT Gartner
Priced for near-zero growth; buybacks plus a durable brand likely beat that, though AI clouds the moat.
BUY
wonderful · 94
narrow moat
software
Owner-earnings value$231.17
Price$185.73
Margin of safety
+24.5%
Gartner sells annual subscriptions to its research and advisory service to IT, finance, HR and other executives; this segment is about 80% of revenue and renews at high rates. It also runs paid-attendance and exhibitor conferences and a smaller consulting arm. The model is capital-light: clients pay upfront, so working capital is negative and free cash flow runs well above net income.
Full moat, owner-earnings & quality breakdown →Today's wonderful businesses · 6 deep-dived of 22 scanned
Marathon Petroleum · energy
good · 75
narrow moat
Value$462.26
Price$389.44
MoS
+18.7%
Best-run refiner in a shrinking commodity industry; buybacks beat the -3% implied, but no forever moat.
ResMed| · healthcare
wonderful · 93
wide moat
Value$245.99
Price$222.10
MoS
+10.8%
Wide-moat sleep-apnea duopolist priced for 6% growth; underdiagnosis supports ~7-8% even after the GLP-1 overhang.
Expedia Group · retail
wonderful · 86
narrow moat
Value$280.22
Price$264.23
MoS
+6.1%
Cash-gushing, shrinking share count, but a second-place player; 6% barely beats the 5% already priced.
United Parcel Service · industrial
good · 72
narrow moat
Value$87.99
Price$94.25
MoS
-6.6%
Irreplaceable network, but a shrinking, union-heavy, Amazon-pressured duopolist; the price needs more growth than it delivers.
Watchlist · 200 wonderful businesses · 19 at a margin of safety
The quality gate has scanned 511 of 503 names; these are the ones worth owning at the right price. See the full watchlist →
| Ticker | Sector | Quality | Moat | Price | Value | Margin of safety | Rating |
|---|---|---|---|---|---|---|---|
| CF | materials | wonderful · 85 | narrow moat | $115.51 | $188.21 | +62.9% | STRONG BUY |
| CTSH | software | wonderful · 81 | narrow moat | $56.75 | $86.92 | +53.2% | HOLD |
| ZTS | pharma | wonderful · 90 | no moat | $71.43 | $108.02 | +51.2% | HOLD |
| INTU | software | wonderful · 84 | wide moat | $269.40 | $388.00 | +44.0% | HOLD |
| GDDY | technology | wonderful · 82 | no moat | $93.71 | $132.44 | +41.3% | HOLD |
| LULU | apparel | wonderful · 95 | narrow moat | $100.58 | $141.64 | +40.8% | HOLD |
| ACN | software | wonderful · 89 | narrow moat | $174.47 | $242.23 | +38.8% | HOLD |
| ACGL | insurance | wonderful · 81 | narrow moat | $94.90 | $129.84 | +36.8% | HOLD |
| DECK | apparel | wonderful · 97 | narrow moat | $78.36 | $105.10 | +34.1% | HOLD |
| APA | energy | good · 76 | narrow moat | $42.33 | $56.70 | +33.9% | BUY |
| PYPL | payments | wonderful · 85 | no moat | $54.28 | $72.59 | +33.7% | HOLD |
| ADBE | software | wonderful · 96 | no moat | $231.01 | $300.84 | +30.2% | HOLD |
| PTC | software | good · 72 | no moat | $139.69 | $175.01 | +25.3% | HOLD |
| INCY | pharma | good · 77 | no moat | $124.82 | $156.30 | +25.2% | HOLD |
| IT | software | wonderful · 94 | narrow moat | $185.73 | $231.17 | +24.5% | BUY |
| UBER | industrial | good · 69 | narrow moat | $68.16 | $84.06 | +23.3% | HOLD |
| UHS | healthcare | good · 69 | no moat | $177.48 | $218.86 | +23.3% | HOLD |
| SOLV | healthcare | good · 73 | narrow moat | $89.54 | $109.55 | +22.3% | BUY |
| NVR | retail | wonderful · 88 | wide moat | $6,267.89 | $7,666.75 | +22.3% | HOLD |
| VLO | energy | good · 73 | no moat | $389.57 | $465.45 | +19.5% | HOLD |