Quarterly earnings writeup for Elf Beauty (ELF)
Paid subscribers to Jonah’s Growth Stock Deep Dives receive 2-3 deep dives per month (8,000+ words), 2-3 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 +75% YTD in 2024, up +134.7% in 2023 and up +1,780% since January 2020) with real-time activity and notes/commentary throughout the day on my portfolio spreadsheet.
In this newsletter I’m going to cover the recent earnings report for Elf Beauty (ELF) — what I liked, what I didn’t like, my overall thoughts, my estimates for the next 12+ months, potential risks or red flags, my updated investment model, what I’m doing with my current position and a few more things.
My investment strategy is to own 20-30 of the best growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling then I’m trimming or selling my position. I don’t own stocks, I rent them, and I keep renting them as long as the fundamentals still look good, the valuation still looks good and my investment thesis still looks good. I want stocks that have at least 50% upside within 1-2 years and at least 100% upside within 3-4 years. If I buy stocks that are too expensive or the fundamentals aren’t good enough or my investment thesis is weak — I’ll never hit my investment targets.
This week I’ll be sending out similar earnings commentary for Palantir (PLTR), Toast (TOST), Sofi (SOFI), Nvidia (NVDA), MercadoLibre (MELI), AMD (AMD), NuBank (NU), Lantheus (LNTH) and several others. These earnings analysis writeups are only for paid subscribers.