scuttleblurb

[scuttlebit] Shift4’s organic growth

Last week, a reader and Shift4 shareholder messaged me, raising questions about the company’s organic growth methodology.

Dec 10 • scuttleblurb

7

2

Booz Allen and the business of defense – part 2

I left Part 1 with the observation that, starting in earnest around a decade ago, the federal government began encouraging procurement through a smaller…

Dec 8 • scuttleblurb

6

2

Booz Allen and the business of defense – part 1

MBI and I recorded an episode of Never Sell recently (Serial Acquirer ROIC, Fiserv Debacle and Management Credibility, Wise and Stablecoins) (Spotify…

Dec 1 • scuttleblurb

10

2

November 2025

[scuttlebits] Trex is getting cheap

TREX is down nearly 60% since I first profiled the company last August.

Nov 21 • scuttleblurb

13

2

[scuttlebit] yet another Shift4 take

MBI and I recorded an episode of Never Sell recently (The Big Tech Capex Debate, Amazon Retail, Align’s Pricing Challenge) (Spotify, Apple, YouTube, RSS…

Nov 13 • scuttleblurb

13

4

[scuttlebit] Fiserv’s October Massacre

What are scuttlebits?

Nov 7 • scuttleblurb

13

3

October 2025

[JHX] Will James Hardie’s big acquisition pay off?

In last summer’s building materials series, I explained how branded manufacturers, like James Hardie in siding and Trex in composite decking, are…

Oct 29 • scuttleblurb

6

2

[scuttlebit] Guidewire scales

What are scuttlebits?

Oct 20 • scuttleblurb

11

2

[scuttlebit] Wise is probably going to be fine

What are scuttlebits?

Oct 10 • scuttleblurb

17

3

Is Gartner Doomed?

MBI and I recorded an episode of Never Sell recently (Lululemon, Align, LLMs and Newsletters, Portfolio Holdings, Right for the Right Reasons) (Spotify…

Oct 1 • scuttleblurb

16

3

September 2025

[scuttlebit] Charles Schwab is so back

What are scuttlebits?

Sep 22 • scuttleblurb

13

2

[scuttlebit] thoughts on ASML

What are scuttlebits?

Sep 15 • scuttleblurb

17

2