Avi Fisher from Long Cast Advisors joins the pod to talk about CoreCard (CCRD). Key topics include the risks and opportunities from their Apple Card / GS relationship and the benefits of the CEO’s measured growth approach.  

Chapters: 

• 0:00 Intro 
• 3:30 Avi's framework for evaluating stocks 
• 22:45 How Avi found CCRD 
• 24:35 CCRD's background 
• 32:00 Discussing the GS relationship and concentration 
• 36:50 CCRD's different revenue lines 
• 40:50 Discussing the "Elephant in the room" (BB article on Apple trying to in house) 
• 50:00 Could GS buy CCRD? 
• 52:45 CCRD's valuation 
• 59:00 What makes CCRD's product "premium"? 
• 1:05:00 CCRD's approach to share repurchases 
• 1:06:15 A little more on CCRD's management and history 
• 1:10:30 Avi's closing thoughts