Wonderful businesses at a margin of safety
Sticky domain toll booth priced for zero growth; modest growth plus buybacks should beat that comfortably.
GoDaddy is the world's largest domain registrar and sells recurring subscriptions to small businesses: domain registrations and renewals, hosting, website builders, email/Microsoft 365, security, and commerce/payments tools. Most revenue is prepaid and renews annually, so cash arrives before revenue is recognized. That is why FCF runs well above net income on a nearly capex-free model.
Full moat, owner-earnings & quality breakdown →Lululemon Athletica · apparel
Debt-free, cash-rich premium brand priced for decline; the US brand is fraying, but -9% implied growth is too pessimistic.
Allegion · industrial
Spec-driven lock franchise with pricing power; modestly beats the ~5% growth already priced in.
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 | $111.54 | $188.21 | +68.7% | HOLD |
| CTSH | software | wonderful · 81 | narrow moat | $59.20 | $86.92 | +46.8% | HOLD |
| GDDY | technology | wonderful · 82 | narrow moat | $104.35 | $146.96 | +40.8% | STRONG BUY |
| LULU | apparel | wonderful · 95 | narrow moat | $94.50 | $132.62 | +40.3% | HOLD |
| INCY | pharma | good · 77 | no moat | $112.79 | $156.30 | +38.6% | HOLD |
| ZTS | pharma | wonderful · 90 | wide moat | $74.81 | $101.30 | +35.4% | HOLD |
| DECK | apparel | wonderful · 97 | narrow moat | $82.89 | $110.65 | +33.5% | HOLD |
| PYPL | payments | wonderful · 85 | narrow moat | $55.53 | $73.33 | +32.1% | BUY |
| SOLV | healthcare | good · 73 | narrow moat | $87.29 | $114.71 | +31.4% | BUY |
| NVR | retail | wonderful · 88 | wide moat | $5,899.16 | $7,666.75 | +30.0% | HOLD |
| ACGL | insurance | wonderful · 81 | narrow moat | $95.57 | $123.58 | +29.3% | HOLD |
| INTU | software | wonderful · 84 | wide moat | $302.75 | $388.00 | +28.2% | HOLD |
| ADBE | software | wonderful · 96 | no moat | $242.27 | $300.84 | +24.2% | HOLD |
| APA | energy | good · 76 | narrow moat | $45.88 | $56.70 | +23.6% | BUY |
| UHS | healthcare | good · 69 | narrow moat | $177.35 | $217.10 | +22.4% | HOLD |
| IT | software | wonderful · 94 | narrow moat | $191.15 | $231.17 | +20.9% | BUY |
| UBER | industrial | good · 69 | narrow moat | $71.51 | $84.06 | +17.5% | HOLD |
| VLO | energy | good · 73 | narrow moat | $433.75 | $506.97 | +16.9% | HOLD |
| SNA | industrial | wonderful · 90 | wide moat | $360.37 | $418.41 | +16.1% | HOLD |
| AOS | industrial | wonderful · 88 | wide moat | $56.38 | $65.45 | +16.1% | HOLD |