Andrew Wagner on Copart (CPRT)
Yet Another Value Podcast
00:00
The Network Effect Is Working Like Any Other Network Effect Type of Business
The company is trading at 30 times trailing price to earnings, which that's pretty expensive. Every node that you add increases the value of all of the other ones in your network already. So I would say that it kind of operates just like any other network effect would. The long run, the high returns on capital are really what are going to influence your investment.
Transcript
Play full episode
