Investment Write-ups

United Parcel Service, Inc. (UPS): An Exceptional Business for an Unexceptional Price

gciadmin2020-10-02T15:36:24-05:00

Business Description United Parcel Service, Inc. (UPS) was founded in 1907 and has grown to be the world’s largest package delivery company, the leader in ‘less than truckload’ shipments and a global supplier of supply chain management solutions. The company facilitates deliveries to over 9 million receivers, across over 220 countries, each and every day....

CarMax (KMX): Great Unit Economics with a Long Runway for Growth

gciadmin2020-10-02T15:36:24-05:00

This is the first of what will be many short investment summaries that we will be posting on our site. Our goal here is to give you a very brief snapshot of our investment rationale. These short summaries are condensed versions of much longer internal documents that take months of research and analysis to...