Welcome to the Investing for Beginners podcast! Today’s episode, we will be joined by the hosts and good friends from the Canadian Investor podcast, Braden Dennis and Simon Belanger to talk with us in a kind of a masterclass session in each of their favorite companies. Listen on and get a crash course in knowing about the complexity of the semiconductor industry and the little known world of snowmobile recreational business.
Timestamps of the episode:
-Company in focus: ASML, the Dutch semiconductor lithography giant, one of the most important company that exists which no one knows about. [02:30]
-Why the semiconductor industry will become less and less cyclical in the coming years and how ASML will benefit from it. [07:10]
-The recent sanctions on tech against China, Taiwan-China crisis and how it will affect ASML in the long run. [11:28]
-Normalizing the demand ASML is getting and how the ongoing onshoring of chip production away from Southeast Asia will affect them. [13:39]
-ASML’s rich valuation and geopolitical tie ups. [16:36]
-Next company in focus: Texas Instruments ($TXN), an analog semiconductor company that sits in the opposite spectrum of ASML. [20:30]
-The difference between analog and digital chips and why being in the analog space benefits TXN a lot. [24:21]
-The robustness of TXN’s moat, their relentless focus on free cash flow per share and share buybacks.[27:30]
-Risks associated in TXN’s business and change in management. [35:40]
-Last company in focus: Bombardier Recreational products ($DOO), a surprisingly sticky manufacturer of snowmobiles, and personal watercraft. [38:15]
-Inventory and high interest rate risk of DOO. [44:25]
-A good reminder that you don’t need to swing in every single pitch. [49:25]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Resources and links mentioned in the show:
Braden and Simon’s own investing podcast- https://open.spotify.com/show/2NG24rv3Mv09EMsIc6rVfs?si=aafee6b1ae95495e
The book Dave mentioned- Chip War https://www.amazon.com/Chip-War-Worlds-Critical-Technology/dp/1982172002
Braden’s own investing research platform made for retail investors- https://www.stratosphere.io
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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You can find the transcript of today’s show below:
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