– Focus on moat, monetization model, and margins – Users alone don’t guarantee profitability – Evaluate tech enablers, not just flashy brand
What to Look for in a Stock
– Consistent revenue and margin expansion – Low customer acquisition cost (CAC) – Tech/IP ownership and innovation pace
Red Flags to Avoid
– Cash burn without operating leverage – Dependency on one app, customer base, or trend – No clear path to breakeven
Why They Offer Value
– Review quarterly earnings & KPIs (ARPU, churn) – Use price-to-sales, not just P/E – Compare with global peers if business model is similar– Sector revival expected
Investment Insights
– Focus on 2–3 year horizon – Buy low, wait for re-rating