Wix Competitive Advantage (Issue #65)
My investment analysis and philosophy is based on the idea of valuation. Aswath Damadoran defines valuations as when the story meets the numbers. You can’t have one without the other. So in this special edition newsletter, I’m going to get into the qualitative side of Wix (NASDAQ: WIX — $4.45b) over the next couple of weeks there will be some extra in-depth content/research on Wix. I will even be traveling to Tel Aviv, Israel where the company was founded and is headquartered to learn more about the company’s culture.
When it comes to the web development space there are many players with a variety of offerings and advantages. For example, for e-commerce, Shopify is often the go-to. WordPress is often more popular as a bare-bones product.
For those who don’t know, I’ve built an AI stock screener product on Wix. This is because it offers the best service for what I wanted to do. A short aside: I used Wix as the front end for Prophits, Prophits is an AI stock screener that uses a dataset of holdings from over 200 professional investors. You enter your existing holdings and the algorithm suggests what companies you should research. You can access the algorithm for free and try it out here.
Wix was the best web development platform for me to build on because it has a simple design center with the potential for connection to external plug-ins (especially cloud). This led me to using it over SquareSpace, WordPress, and other competitors.
Wix is an interesting stock with a lot more analysis on it coming soon including some exclusive content on the stock. If you haven’t already subscribe to join the community and not miss any updates.
Again I will be in Tel Aviv in a week so please reach out if you want to meet up or if there is anything you want me to specifically look for. You can find me by replying to this email or sending an email to pillarsandprofits@gmail.com.
Watchlist Update:
Portfolio Update:
To access the full spreadsheets and linked deep dives go here.
Until Thursday,
Soren