I Recently Met With Management of One of My Highest-Conviction Positions

Reaffirmed Ambitious 2028 Targets, Strong Regulatory Tailwinds, Growing Data Moat, and Shareholder Return Discussions.

Dear readers,

Together with a good friend and highly skilled investor, who runs a fund with +40% annualized returns, I recently had a management call with one of my high-conviction ideas, which I previously profiled in this article:

This was also the idea that got me accepted into Value Investors Club, and management noted that they are receiving increasing interest from foreign and institutional investors - some of whom I have also interacted with on VIC.

We spoke with the CEO, CFO, (and Head of Investor Relations). The meeting reinforced my long-term conviction, with management reaffirming ambitious 2028 growth targets, accelerating solutions momentum, strong free cash flow generation, regulation-driven demand tailwinds, new product opportunities, strong retention dynamics, and an increasing focus on shareholder returns and capital allocation.

The stock is still trading at an undemanding multiple, while the company continues to deliver strong growth and free cash flow generation.

The stock is…