Jake Barfield, Founder & Portfolio Manager at Asheville Capital Management, joins the podcast to share his thesis on InPost Group, Europe’s leading e-commerce logistics enabler.
Jake Barfield's write-up on InPost: https://jakebarfield.substack.com/p/inpost-inpst-investment-thesis
Chapters:
[0:00] Introduction + Episode sponsor: Fintool
[2:23] What is InPost and why are they interesting to Jake
[4:24] What Jake is seeing with InPost that the market is missing
[5:46] Push back on Jake's thesis + European parcel delivery differences to US
[14:48] Relationship with Allegro
[20:27] Why aren't landlords sticking it to InPost
[23:55] Competitive analysis
[34:32] Market penetration; Polish market and how they are trying to gain market share in UK and France
[45:06] Valuation
[55:26] Call options and gamification of customer experience
[1:00:56] Advent involvement; how does Jake think about empire building risk
[1:05:45] What would have to happen for InPost thesis to not work and final thoughts
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