Nikotes
@nikotes.bsky.social
Growth and Growth Investing ➕ Swing Trading at Expanse Stocks. Ride them with conviction. All Links below 👇
https://linktr.ee/nikotes
https://linktr.ee/nikotes
Pinned
Nikotes
@nikotes.bsky.social
· Jul 7
Finally, Part II of the #MercadoLibre #MELI Deep Dive Brief series is out!
Don’t miss it, I think it might be worth your time.
I cover: its fully integrated business model, competitive moats that protect it, growth drivers ahead, along with a DCF model.
expansestocks.substack.com/p/deep-dive-...
Don’t miss it, I think it might be worth your time.
I cover: its fully integrated business model, competitive moats that protect it, growth drivers ahead, along with a DCF model.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: Mercado Libre’s Flywheel - Part II
Understanding the Flywheel and The Moat That's Building Latin America's Digital Economy
expansestocks.substack.com
November 30, 2025 at 2:40 PM
Finally, Part II of the #MercadoLibre #MELI Deep Dive Brief series is out!
Don’t miss it, I think it might be worth your time.
I cover: its fully integrated business model, competitive moats that protect it, growth drivers ahead, along with a DCF model.
expansestocks.substack.com/p/deep-dive-...
Don’t miss it, I think it might be worth your time.
I cover: its fully integrated business model, competitive moats that protect it, growth drivers ahead, along with a DCF model.
expansestocks.substack.com/p/deep-dive-...
The origin story of #MercadoLibre #MELI is out! At Expanse Stocks (and it's free to read).
expansestocks.substack.com/p/deep-dive-...
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: Mercado Libre Part I
How Survival Built Latin America’s Most Formidable Digital Ecosystem
expansestocks.substack.com
November 9, 2025 at 12:26 PM
The origin story of #MercadoLibre #MELI is out! At Expanse Stocks (and it's free to read).
expansestocks.substack.com/p/deep-dive-...
expansestocks.substack.com/p/deep-dive-...
#MercadoLibre → Pressing the “Meli” Advantage
Q3 2025 earnings digest with CC notes is out!
expansestocks.substack.com/p/mercado-li...
Q3 2025 earnings digest with CC notes is out!
expansestocks.substack.com/p/mercado-li...
Mercado Libre Q3 2025
Pressing the "Meli" Advantage
expansestocks.substack.com
October 30, 2025 at 11:49 AM
#MercadoLibre → Pressing the “Meli” Advantage
Q3 2025 earnings digest with CC notes is out!
expansestocks.substack.com/p/mercado-li...
Q3 2025 earnings digest with CC notes is out!
expansestocks.substack.com/p/mercado-li...
The Rareness of Moaty Industrials. New piece is out this morning along with a selection of 6 gems.
expansestocks.substack.com/p/the-rarene...
expansestocks.substack.com/p/the-rarene...
The Rareness of Moaty Industrials: A Selection of 6 Gems
Moats harder to build but harder to erode.
expansestocks.substack.com
October 28, 2025 at 1:37 PM
The Rareness of Moaty Industrials. New piece is out this morning along with a selection of 6 gems.
expansestocks.substack.com/p/the-rarene...
expansestocks.substack.com/p/the-rarene...
#Intuitive #ISRG
Headline numbers looked great, but the real story is the da Vinci V system proving it’s not only an incremental upgrade but the catalyst for the next growth phase.
Earnings breakdown and call notes are ready at Expanse Stocks
expansestocks.substack.com/p/intuitive-...
Headline numbers looked great, but the real story is the da Vinci V system proving it’s not only an incremental upgrade but the catalyst for the next growth phase.
Earnings breakdown and call notes are ready at Expanse Stocks
expansestocks.substack.com/p/intuitive-...
Intuitive Surgical: Q3 2025
The V-Launch Supercharges an Already Dominant Machine
expansestocks.substack.com
October 22, 2025 at 10:53 AM
#Intuitive #ISRG
Headline numbers looked great, but the real story is the da Vinci V system proving it’s not only an incremental upgrade but the catalyst for the next growth phase.
Earnings breakdown and call notes are ready at Expanse Stocks
expansestocks.substack.com/p/intuitive-...
Headline numbers looked great, but the real story is the da Vinci V system proving it’s not only an incremental upgrade but the catalyst for the next growth phase.
Earnings breakdown and call notes are ready at Expanse Stocks
expansestocks.substack.com/p/intuitive-...
Reposted by Nikotes
The new piece on Intuitive (ISRG) is out.
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: Intuitive Surgical
The Surgical Robot That Became a Monopoly
expansestocks.substack.com
October 18, 2025 at 9:30 AM
The new piece on Intuitive (ISRG) is out.
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
Reposted by Nikotes
Tough weeks with volatility hitting my top holdings. Running a concentrated portfolio means learning to stomach swings. I’ve realized once a position creeps above 15%, conviction starts slipping into self-doubt.
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
Portfolio
Here’s what you’ll find next as a Paid Subscriber — For just $0.39/day ($12/month) or $0.27/day ($100/year) with the annual plan!
expansestocks.substack.com
October 2, 2025 at 11:33 AM
Tough weeks with volatility hitting my top holdings. Running a concentrated portfolio means learning to stomach swings. I’ve realized once a position creeps above 15%, conviction starts slipping into self-doubt.
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
Reposted by Nikotes
A more fundamental approach: ROIC & Reinvestment Rate-Driven DCF.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like Constellation Software - Part #3
A More Fundamental Approach: The ROIC and Reinvestment Rate-Driven DCF
expansestocks.substack.com
October 10, 2025 at 2:20 PM
A more fundamental approach: ROIC & Reinvestment Rate-Driven DCF.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
The new piece on Intuitive (ISRG) is out.
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: Intuitive Surgical
The Surgical Robot That Became a Monopoly
expansestocks.substack.com
October 18, 2025 at 9:30 AM
The new piece on Intuitive (ISRG) is out.
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
The Surgical Robot that Became a Monopoly.
expansestocks.substack.com/p/deep-dive-...
A more fundamental approach: ROIC & Reinvestment Rate-Driven DCF.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like Constellation Software - Part #3
A More Fundamental Approach: The ROIC and Reinvestment Rate-Driven DCF
expansestocks.substack.com
October 10, 2025 at 2:20 PM
A more fundamental approach: ROIC & Reinvestment Rate-Driven DCF.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Reposted by Nikotes
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like Constellation Software - Part #3
A More Fundamental Approach: The ROIC and Reinvestment Rate-Driven DCF
expansestocks.substack.com
October 8, 2025 at 11:47 AM
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like Constellation Software - Part #3
A More Fundamental Approach: The ROIC and Reinvestment Rate-Driven DCF
expansestocks.substack.com
October 8, 2025 at 11:47 AM
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Tough weeks with volatility hitting my top holdings. Running a concentrated portfolio means learning to stomach swings. I’ve realized once a position creeps above 15%, conviction starts slipping into self-doubt.
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
Portfolio
Here’s what you’ll find next as a Paid Subscriber — For just $0.39/day ($12/month) or $0.27/day ($100/year) with the annual plan!
expansestocks.substack.com
October 2, 2025 at 11:33 AM
Tough weeks with volatility hitting my top holdings. Running a concentrated portfolio means learning to stomach swings. I’ve realized once a position creeps above 15%, conviction starts slipping into self-doubt.
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
I made some changes. Details inside.
expansestocks.substack.com/p/portfolio
One of the most frequent questions investors ask themselves these days revolves around AI and its impact on established business models. Every industry seems to be in the crosshairs, and investors are asking: who are the winners, who are the value traps?
expansestocks.substack.com/p/deep-dive-...
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: Constellation Software and AI - Part #2
Deconstructing the AI Threat and Opportunity for Constellation Software
expansestocks.substack.com
September 20, 2025 at 10:14 AM
One of the most frequent questions investors ask themselves these days revolves around AI and its impact on established business models. Every industry seems to be in the crosshairs, and investors are asking: who are the winners, who are the value traps?
expansestocks.substack.com/p/deep-dive-...
expansestocks.substack.com/p/deep-dive-...
Reposted by Nikotes
Updated the Portfolio Corner with new Cash-on-Cash Returns models, ready to download.
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
August 14, 2025 at 1:05 PM
Updated the Portfolio Corner with new Cash-on-Cash Returns models, ready to download.
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
Reposted by Nikotes
#Heico (HEI) Q3 2025 earnings digest is out.
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
Heico Q3 2025
The Flight Support Engine Keeps Compounding
expansestocks.substack.com
August 26, 2025 at 12:29 PM
#Heico (HEI) Q3 2025 earnings digest is out.
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
Reposted by Nikotes
New article is out:
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
Unlocking Japan - Part #1
The Overlooked SaaS Goldmine
expansestocks.substack.com
September 3, 2025 at 11:54 AM
New article is out:
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
Reposted by Nikotes
#Copart #CPRT Q4’25 earnings digest is out.
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
Copart Q4 2025
When The Moat Trumps Volume Weakness
expansestocks.substack.com
September 5, 2025 at 10:48 AM
#Copart #CPRT Q4’25 earnings digest is out.
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
#Copart #CPRT Q4’25 earnings digest is out.
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
Copart Q4 2025
When The Moat Trumps Volume Weakness
expansestocks.substack.com
September 5, 2025 at 10:48 AM
#Copart #CPRT Q4’25 earnings digest is out.
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
Headline: Profitability Shines, Volume Softness.
My takeaway: mgmt doubled down on what makes Copart unbeatable -> superior auction liquidity.
🔗 Full article below:
expansestocks.substack.com/p/copart-q4-...
New article is out:
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
Unlocking Japan - Part #1
The Overlooked SaaS Goldmine
expansestocks.substack.com
September 3, 2025 at 11:54 AM
New article is out:
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
Unlocking Japan - Part #1: The Overlooked SaaS Goldmine
Hard to pull the trigger given the cultural bridge but worth a closer look.
expansestocks.substack.com/p/unlocking-...
#Heico (HEI) Q3 2025 earnings digest is out.
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
Heico Q3 2025
The Flight Support Engine Keeps Compounding
expansestocks.substack.com
August 26, 2025 at 12:29 PM
#Heico (HEI) Q3 2025 earnings digest is out.
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
The star of the show remains the FSG, which posted its twentieth consecutive quarter of sequential sales growth.
expansestocks.substack.com/p/heico-q3-2...
Reposted by Nikotes
First installment of a #ConstellationSoftware (CSU) trilogy is live.
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: Constellation Software Capital Allocation Outlook - Part #1
Can CSU sustain its legendary returns into the next decade?
expansestocks.substack.com
August 21, 2025 at 1:04 PM
First installment of a #ConstellationSoftware (CSU) trilogy is live.
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
First installment of a #ConstellationSoftware (CSU) trilogy is live.
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: Constellation Software Capital Allocation Outlook - Part #1
Can CSU sustain its legendary returns into the next decade?
expansestocks.substack.com
August 21, 2025 at 1:04 PM
First installment of a #ConstellationSoftware (CSU) trilogy is live.
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
In this opening piece, I dive into CSU’s capital allocation outlook and explore whether Mark Leonard (CEO and Founder) and team can sustain their high returns into the 5-10 years.
expansestocks.substack.com/p/deep-dive-...
Updated the Portfolio Corner with new Cash-on-Cash Returns models, ready to download.
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
August 14, 2025 at 1:05 PM
Updated the Portfolio Corner with new Cash-on-Cash Returns models, ready to download.
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
It now covers 22 names, including:
$CSU ecosystem
Big Tech $GOOG $AMZN
Healthcare & Semis
Small-mid caps on the watchlist
Find them in the Valuation Tools:
expansestocks.substack.com/p/portfolio
