Today’s episode we had a conversation with Jeremy Kokemar, Founder of Right Tail Capital. We covered everything that an investor needs to know about Ferguson ($FERG), whether it is Ferguson’s history, what is their business, Ferguson’s Competitive advantages, its unit economic, value chain and why they still have future margin expansion and revenue growth. Plus, Jeremy shares his investment journey and what could possible go wrong with his Ferguson Investment.
- [0:00] Who is Jeremy Kokemar and what is Right Tail Capital?
- [8:30] Buying an Asset at any Price.
- [14:50] Finding Ferguson ($FERG)
- [17:40] Procuring a Watchlist
- [20:00] Ferguson’s ($FERG) History
- [21:00] Value Chain
- [24:30] Unit Economics
- [28:00] Ferguson’s Customers
- [31:30] Ferguson’s Competitors
- [35:00] Ferguson’s Profitability and Revenue Growth?
- [41:00] What happens to Ferguson in a Housing Recession?
- [48:00] $FERG added to the S&P 500?
- [51:00] More from Jeremy and Closing Questions
If you like what you heard, make sure to follow Jeremy on Twitter here.
Finally, a big thanks to the following sponsors for making the podcast a reality.
Mitimco
This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.
For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more!
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