Drew Cohen

Drew Cohen, an analyst at Speedwell Research, dives into Coupang, South Korea's e-commerce powerhouse. He discusses its fascinating transformation from a Groupon-like model to an Amazon-esque giant, and how strategic pivots fueled its growth. The conversation highlights intricate cost structures, margins, and the competitive landscape, including challenges faced from players like Naver. Drew also touches on the future of Coupang in the global market and explores parallels with Amazon, offering insights into operational strategies and recruitment opportunities.

In this discussion, Drew Cohen, an Analyst at Speedwell Research, delves into Floor & Decor's impressive growth story, revealing they’ve compounded revenue at nearly 30% over the last decade. He explores the shift in consumer preferences towards hard surface flooring and how strategic management decisions elevate their competitive edge. Drew also highlights the significant impact of logistics and inventory strategies in optimizing operations, as well as the challenges faced in replicating their unique business model in a competitive market.

Drew Cohen, an Analyst at Speedwell Research, shares insights into the fascinating transformation of Restoration Hardware under CEO Gary Friedman. They discuss how Friedman revived the company from the brink of bankruptcy to a luxury brand powerhouse. Cohen explains the unique retail strategies, including immersive gallery spaces and a membership model, as well as the significant challenges of inventory management in luxury furniture. The conversation also touches on the brand's competition with giants like LVMH and its innovative marketing approaches.

Speedwell Research's Drew Cohen discusses Constellation Software's unique acquisition strategy, capital allocation decisions, and potential risks like AI. They explore the company's culture, operational synergies, and ownership structures, comparing it to Berkshire Hathaway. The podcast also touches on favorite write-ups and quick thoughts on $RH.

Drew Cohen, an Analyst at Speedwell Research, dives into the intricacies of investing and decision-making. He discusses the comparison between NVR and Dream Finder Homes, revealing the nuances of buying the best versus settling for the second-best. The conversation presents insights on the role of private equity in company valuations and the strategic buying approaches of firms like Constellation Software. Lastly, Drew emphasizes the art of intuitive decision-making in investing, highlighting the importance of clarity and instinct.