004 - Intuit (INTU): How Intuit is Building an Economic Moat with QuickBooks Online
08/16/19 • 21 min
In this episode I discuss our position in Intuit (INTU). Why we consider it a new dividend payer. Its dividend safety. I then get into the two effects, switching costs and network effects, that are creating an economic moat around Intuit's QuickBooks Online business. I also discuss the growth and market share potential for QuickBooks. I'll briefly talk about Turbo Tax too. Then I get into the risks with our investment and the specific risks for QuickBooks Online. Finally, I get into our estimate of fair value for Intuit (INTU).
Show notes and full transcript
Download AMM Dividend Letter #41
How Brewing Beer is Like Investing
Links Mentioned:
History of Public SaaS Returns and Valuation
Books:
Learn more about American Money Management, LLC.
In this episode I discuss our position in Intuit (INTU). Why we consider it a new dividend payer. Its dividend safety. I then get into the two effects, switching costs and network effects, that are creating an economic moat around Intuit's QuickBooks Online business. I also discuss the growth and market share potential for QuickBooks. I'll briefly talk about Turbo Tax too. Then I get into the risks with our investment and the specific risks for QuickBooks Online. Finally, I get into our estimate of fair value for Intuit (INTU).
Show notes and full transcript
Download AMM Dividend Letter #41
How Brewing Beer is Like Investing
Links Mentioned:
History of Public SaaS Returns and Valuation
Books:
Learn more about American Money Management, LLC.
Previous Episode
003 - Charles Schwab (SCHW): A New Dividend Payer Riding Two Long Term Secular Growth Trends
In this episode we break down our position in Charles Schwab (SCHW) for the AMM Dividend Growth Strategy. I explain why we classify Charles Schwab as a new dividend payer even though it has paid a dividend for quite a while. I get into how safe Schwab's dividend is. Then I discuss the two long-term secular growth trends that Charles Schwab is riding to drive further price appreciation and dividend growth. I'll cover some of the risks to our investment and finally I'll get into how we arrive at our estimate of fair value for Charles Schwab.
Show notes and full transcript
Download AMM Dividend Letter #40
The Emoji Guide to Investing & Charles Schwab (SCHW)
Books:
Learn more about American Money Management, LLC.
Next Episode
005 - Portfolio Update: Why We Sold Alcon (ALC) & Anheuser-Busch InBev (BUD)
This is a portfolio update episode, lead portfolio manager Glenn Busch discusses why we sold Alcon (ALC) a recent dividend paying spin-off. Glenn also discusses why we sold a long-term position in Anheuser-Busch InBev (BUD).
Show Notes:
Original Anheuser-Busch InBev (BUD) Dividend Letter
Join our email list!
Books:
You Can be a Stock Market Genius
Learn more about American Money Management, LLC.
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