In this Dialogue episode of The Synopsis we talk Copart, Adobe and Uber! YouTube Video Links: Adobe Update (June 16th), Uber Update (June 30th) Five Minute Money Newsletter Free Sign Up ~*~ You can also get a free trial to AlphaSense to read 200k+ expert calls through this link. ~*~ For full access to all of our updates and in-depth research reports become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Intro (3:08) — Copart Update: Is IAA Out Competing Copart? (20:35) — Adobe Update: Is AI Replacing Adobe? (47:05) — Uber Update: Is Waymo Disrupting Uber? -*-*-*-*-*-*-*-*-*-*-*-*-*-*- For full access to all of our updates and in-depth research reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see Speedwell&#x27;s and Drew Cohen Money&#x27;s full disclaimers here: https://speedwellresearch.com/disclaimer/ https://www.drewcohenmoney.com/disclaimers

Dialogue. Copart, Adobe, and Uber Business Updates

The Synopsis

# Full Transcript

**Podcast:** The Synopsis

## Transcript

[SPEAKER_A] Welcome to The Synopsis, a business and investing podcast. Today I'm joined by none other than Drew Cohen, portfolio manager and aspiring YouTube star who seems to keep getting pigeonholed into making videos about Adobe. Why do the people love Adobe so much? I don't get it.

[SPEAKER_B] It is a video that does like 3 standard deviations better than my average video. So the people are going to keep getting Adobe videos.

[SPEAKER_A] You know, Drew, the market is all about supply and demand, and let me tell you, you found where the demand is, but can you keep up the supply? How much can you talk about Photoshop and AI? I don't know, Drew, but you're finding a way to keep the topic alive.

[SPEAKER_B] You know, I actually did about a 100-page report on Adobe, so I could probably say a lot, but 2 videos is kind of good enough for me.

[SPEAKER_A] Yeah, you know, in this day and age, nobody wants to read the 100-page report, Drew. They want the 30-minute video on 4x speed and see if they retain anything like I do. You know, I probably about 4 facts from Adobe after watching an hour of your YouTube videos because, you know, 3x speed, there's only so much retention there.

[SPEAKER_B] And then you'll ask me, hey, what was that video about?

[SPEAKER_A] Yeah, what was that video about? What are we talking about today? But luckily, again, I'm kind of— I'm getting a little bit of a win today. We do have some AI software topics, but not too heavily. I think they're a little more exciting, but we're going to kind of do a hodgepodge of companies here. We want to touch a little bit on Copart, which, you know, we talked about throughout. That's kind of That's a company near and dear to my heart. If I think of quality company, a lot of competitive advantages, good management, I think of Copart. I think that's a great business for anyone interested in quality investing, however you want to call what we do. I don't know, good decision investing, even though it's down 40%. I don't know.

[SPEAKER_B] Good decisions. Good decisions.

[SPEAKER_A] Listen, on paper, if you look at earnings and the moats, we're doing well. The stock price—

[SPEAKER_B] Earnings were growing a lot less.

[SPEAKER_A] Earnings are growing less. But anyway, good. I think overall a very compelling company to learn about. And then of course we have Uber that we want to talk about in the AI updates, especially around autonomous vehicles, how that has been kind of transitioning. And then lastly, talk about Netflix, which Drew said was one of his mistakes on our last video, not investing in Netflix in 2021 or 2022 whenever they were down. And guess what? It's at that price again. Is that right, Drew?

[SPEAKER_B] Oh, it is definitely not at that price again. Oh, it's like, like 300% or 400% more expensive still. It was trading at—

[SPEAKER_A] Oh, you're saying that?

[SPEAKER_B] You're saying 16 times multiple? Yeah, it was...

Dialogue. Copart, Adobe, and Uber Business Updates

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Dialogue. Copart, Adobe, and Uber Business Updates

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.