Paid subscribers to Jonah’s Growth Stock Deep Dives receive ~2 deep dives per month (8,000+ words), ~2 mini deep dives per month (2,000+ words) and quarterly earnings commentary on most of my portfolio companies plus access to my investment portfolio (up +147% YTD in 2024, up +134% in 2023 and up +2,500% since January 2020) with real-time activity, notes/commentary and charts throughout the day.
My investment strategy is pretty simple. I want to own 20-30 high-quality growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling I will trim or sell my position. If the fundamentals remain strong and valuation remains reasonable then I’ll add on pullbacks. I only want to own stocks that have at least 50% upside within the next 1-2 years and at least 100% upside within the next 3-4 years. If I buy stocks that are too expensive, the fundamentals aren’t good enough or my investment thesis is flawed — then I’ll never hit my investment targets. My objective is to maximize performance in good markets and minimize losses in bad markets. I accomplish this by being very selective in what I own but also using technical analysis and hedges to protect my portfolio in market downturns.
Company: AeroVironment
Ticker: (AVAV)
Website:
IPO date: January 23, 2007
IPO price: $17.00
Current stock price: $199.77
Outstanding shares: 28.13 million
52-week high: $200.08 on May 23, 2024
52-week low: $88.24 on May 25, 2023
Market cap: $5.62 billion
Net cash/debt: $67.6 million (cash)
Enterprise value: $5.55 billion
Headquarters: Arlington, Virginia, United States
Number of employees: 1,300+
Average price target from analysts: $180.60
Investor Relations:
FY2024 Q3 earnings: https://investor.avinc.com/news-releases/news-release-details/aerovironment-announces-fiscal-2024-third-quarter-results
FY2024 Q3 earnings webcast: https://edge.media-server.com/mmc/p/y6fe4h6s/
FY2024 Q2 earnings: https://investor.avinc.com/news-releases/news-release-details/aerovironment-announces-fiscal-2024-second-quarter-results
FY2024 Q2 earnings webcast: https://edge.media-server.com/mmc/p/4zdqano9/
March 2024 Investor Presentation: https://investor.avinc.com/static-files/f330cb26-4bf8-423b-898b-189794eae04f
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Business Model [part 1]
Competitive Advantages [part 1]
Risks [part 1]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]
Here is part 1 of the AVAV deep dive in case you missed it…