The Intrinsic Value Portfolio, managed by Shawn O'Malley and Daniel Mahncke, aims to hold approximately 15 to 20 companies.

Shawn O'Malley believes Copa's current P/E multiple of over 8 times earnings is in line with its 10-15 year median valuation, suggesting the stock is fairly priced.

Panama does not tax foreign source income, which benefits Copa as most of its passengers fly between two other countries.

Uber's operating margins improved from -43% in 2020 to nearly 12% by mid-2024, a 55 percentage point swing in approximately four years.

According to a Redfin survey, only 27% of recent home buyers attempted to negotiate fees with their real estate agent.

Andy Florence, the founder and CEO of CoStar Group, owns less than 1% of the company, with a stake valued at approximately $70 million.

CoStar Group conducted an equity raise in May 2020 at a stock price that was 50% higher than its valuation at the time of the podcast recording.

CoStar Group has historically issued a significant amount of equity to raise capital for business operations and acquisitions, rather than for stock-based compensation.

CoStar Group's founder and CEO, Andy Florence, owns a stake in the company worth approximately $70 million, which is less than 1% of the total equity.

CEO Andy Florence's largest investments for CoStar Group have historically generated internal rates of return (IRR) between 17% and 39%.

LoopNet has only penetrated about 3.8% of the top 1,000 most valuable commercial properties in the United States as enhanced listing clients.

Apartments.com currently generates approximately $1.2 billion in annual revenue for CoStar Group.

CoStar Group's competitive moat is built on 37 years of proprietary data collection, which would require billions of dollars and many years for a competitor to replicate.

A basic subscription to CoStar Suite costs between $5,000 and $10,000 per year per user, with enterprise deals reaching hundreds of thousands of dollars annually.

CoStar Group's transaction-based platform, Ten-X, accounts for less than 4% of the company's total revenues.

The core business of CoStar Group operates with profit margins of nearly 50%.

CoStar Group acquired STR, a leading data provider for the hospitality industry.

In response to activist pressure, CoStar Group announced a $700 million share buyback program, the largest in its history.

CoStar Group announced it would reduce its net investment in its residential business by $300 million in 2026.

The total value of residential real estate in the United States is estimated to be between $40 trillion and $45 trillion.