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Purchase #20: MongoDB
This week was my turn to pick the stock that @brianferoldi and I are buying. I chose $MDB. Here's why...
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The company's Atlas database-as-a-service is the backbone for organizing, searching, and keeping track of unstructured data in the modern age.


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While usage has tamped down a bit recently, that has more to do with $MDB's customers than it does MDB's underlying business. NARR was still above 120%

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No, the company does NOT produce free cash flow. But we believe (next slide) there's a wide moat to justify this spending
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While the founder sits on the board of directors Dev Ittycheria has great reviews from employees

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Atlas dominates revenue. The optionality we see is in additional use cases and tools for Atlas

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So that's why we're buying.

We know it's still a righly valued company that has yet to turn a profit. What do you think?
In 10 years, buying MDB now will be an example of
6%Folly:too expensive w/o profit
33%Brilliance: Wide moat winner
60%Somewhere in between

45 VotesPoll ended on: 9/27/2022

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