A lot of people got new pets during Covid lockdowns. Pet ownership has been an increasing trend for years. People consider pets as part of the family and are thus willing to spend a lot of money on food and health products.

$ZTS and $IDXX are two quality companies in the animal health sector. Both businesses are highly profitable with great balance sheets, manageable debt, high margins and are long-term market outperformers.

At the moment, both are still overvalued for my taste. The reason might be that there simply aren’t that many quality pure plays focusing on companion animal health. Additionally, IDEXX is at a $30B market cap, which makes it a potential takeover target, thus trading at a premium. Still, two worthy members of my selection of quality companies.
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Do you have any data on how pet ownership is growing this year? Curious is there was any "demand pull forward" or if it's a lasting trend...
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Josh Kohn-Lindquist's avatar
$25.7m follower assets
5 Thursday Additions and 2 New Positions
I added to my core 34 position in $GLBE but also made secondary purchases in $COIN and $W since the markets have throttled them.

I also started new watchlist positions in $IDXX and $DXCM.

Last but not least, I bought some $DOCN and $LTCH for my daughter's account. Technically, DigitalOcean is one of my core 34 holdings, but it was for her account today.

Over time, I will continue adding to Global-e Online as its position needs to grow. Coinbase and Wayfair may get one more tiny purchasing round, but much farther down the road.

Idexx Labs and Dexcom fascinate me, so I just wanted to remember them.
Who performs the best over the next decade?
50%Coinbase
13%Wayfair
27%Idexx Labs
9%Dexcom
22 VotesPoll ended on: 05/22/22
Steve Matt's avatar
$19.7m follower assets
The Coming Week in Earnings
Woooo boy, this week will be fun for my portfolio.

Monday (5/2)
  • $BIGC^ (On my Sell Watchlist)

Tuesday (5/3)

Wednesday (5/4)

Thursday

Friday

Anything with a ^ indicates I read the 8-K and 10-Q/10-K and track their financials along with KPIs on a spreadsheet I have.

So basically, this will be me next week...
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Largest Market Caps >> New Lows
There are some brutal charts out there. Many of them are the largest and most well known companies in the world. Here are some of them:

Visit highsandlows.substack.com to see more
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