Vitaliy

Michael McCloskey of GreensKeeper Asset Management presents Amadeus IT Group, a €22 billion B2B technology provider to the travel and airline industry.

Robert Leitz of iolite Capital presents BFF Bank (Milan: BFF), an Italian specialty factoring bank that buys receivables owed by state-owned hospitals and other public administrations to their suppliers, chiefly in healthcare.

Michael McCloskey of GreensKeeper Asset Management presents Amadeus IT Group (AMS.MC; ADR: AMADY), a B2B technology provider to the airline and travel industry with a roughly €22 billion market capitalization and listings in Madrid and on the US OTC market.

Jeff Gilbert draws on his experience as a forensic auditor to reframe the management interview as an exercise in engineering conditions for a meaningful conversation rather than staging an adversarial interrogation.

Christian Ryther of Curreen Capital presents TriNet (TNET), a professional employer organization that provides payroll, HR, and health insurance to small and mid-sized businesses, with a client base concentrated in white-collar industries such as technology, financial services, and life sciences.

Boris Senderzon, CFA, of Hilbar Capital presents the case for Lyft (and, to a lesser degree, Uber), disclosing that he is long both names and that his wife works at Uber.

Steven Gorelik of Firebird Value Advisors makes the value case for DNOW Inc. (NYSE: DNOW), a global energy and industrial distributor of pipe, valves, fittings, pumps and MRO products spun out of National Oilwell Varco in 2014.

Paul Isaac reframes gold mining as fundamentally a development business whose output happens to be gold — not a pure bet on the metal’s price.

Matt Franz of Eagle Point Capital presents an investment case for Constellation Software, a serial acquirer of vertical market software (VMS): hyper-specialized, mission-critical applications serving niche industries such as ship management, public transit routing, country club operations, and grain elevator management.

Kevin Tracey of Oberon Asset Management presents the case for Scout24 (ETR: G24), Germany’s dominant property portal, which he argues has been sold off indiscriminately on AI fears even as its revenue growth has accelerated. Scout24 is the clear number one in its market, drawing roughly twice the traffic of the second-place portal and carrying materially more listings.