This week was my turn to pick the stock that
@brianferoldi and I are buying. I chose
$MDB. Here's why...
The company's Atlas database-as-a-service is the backbone for organizing, searching, and keeping track of unstructured data in the modern age.
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%
No, the company does NOT produce free cash flow. But we believe (next slide) there's a wide moat to justify this spending
While the founder sits on the board of directors Dev Ittycheria has great reviews from employees
Atlas dominates revenue. The optionality we see is in additional use cases and tools for Atlas
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?