Chadd Garcia, Portfolio Manager and Senior Research Analyst at Schwartz Investment Counsel Inc. - Ave Maria Focused Fund, joins the podcast for his second appearance to share his thesis on eDreams ODIEGO (MSE - Madrid Stock Exchange: EDR), travel subscription platform and one of the largest e-commerce businesses in Europe.

Chapters:

[0:00] Introduction + Episode sponsor: Stream by Alphasense

[1:43] Overview of eDreams ODIGEO $EDR.MC

[9:27] eDreams' overall vision and current valuation

[13:34] Prime model and its potential growth in European markets

[17:30] How eDreams is different from TripAdvisor / why eDreams the one to crack the membership model

[23:13] Costco comparison

[25:24] Churn rate / U.S. investor perspective on eDreams / changing disclosures

[34:07] Competitive landscape, in particular, response from Booking as eDreams grows

[38:45] Hotels initiative / breaking into the U.S. market

[43:13] Capital allocation strategy

[47:20] Final thoughts on eDreams: risks to consider / headwinds / Chadd's personal experience using eDreams platform

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