A Lollapalooza post covering 15 stocks! Yearly I review the danger zone, stocks that trades at EV/EBIT at over Thirty - ejecting some! to make sure that they do not become 2026 loosers.
I agree with you about decoupling from AI Capex, i took profit from Google and amazon in q4 3025. You add this to energy and regulatory bottlenecks - the risk/reward profiles changed. However, i could argue that Capex for Amazon has always been quite high, this is part of their Dna from start.
Great work here. Just out of curiosity, do you apply any different metrics/standards to companies that are just turning profitable?
I agree with you about decoupling from AI Capex, i took profit from Google and amazon in q4 3025. You add this to energy and regulatory bottlenecks - the risk/reward profiles changed. However, i could argue that Capex for Amazon has always been quite high, this is part of their Dna from start.