Part 1: Deep dive writeup for On Running ($ONON)
Part 1: Deep dive writeup for On Running ($ONON)
I also run a Stocktwits room where I post my current holdings, daily activity, investment models, market/macro commentary, daily Zoom sessions and performance for both my Investment Portfolio (long term, strong fundamentals, 20-30 holdings) and my Trading Portfolio (short term, strong technicals, 10-20 holdings). My investment portfolio is up 26.8% YTD and up 562% since early 2020. The two options are $15/month for the monthly plan [click here] or $150/year for the annual plan [click here]. Prices will be going up next week but you can lock in for the next 12 months with the annual plan.
Earlier this year I launched Trading Charts which is focused exclusively on my trading portfolio. Every morning I send out an email with 10-30 of my favorite trading charts/setups for the day. You’ll also have access to my current trading portfolio with current positions, position sizes, entry prices and stop losses. I also do live charting/trading webcasts every morning and every afternoon over Zoom.
Company: On Holding
Ticker: (ONON)
Website: On-Running.com [click here]
IPO date: September 15, 2021
IPO price: $24.00
Stock price at the time of writing: $22.47
Outstanding shares: 317.52 million shares
52 week high: $29.18 on March 22, 2022
52 week low: $15.44 on October 11, 2022
All time high: $55.87 on November 17, 2021
Market cap: $7.10 billion
Enterprise value: $6.95 billion
Headquarters: Zurich, Switzerland
Number of employees: 1,700+
Average price target from analysts: $26.16 — 16.4% upside from current price
Next earnings report & call: TBA (likely in late March)
Investor Relations [click here]
Q3 2022 Press Release [click here]
Q3 2022 Earnings Call Transcript [click here]
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Products [part 1]
Business Model [part 1]
Customers [part 1]
Competitive Advantages [part 1]
Management [part 2]
Culture [part 2]
Financials [part 2]
Risks [part 2]
Ownership [part 2]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]
Unless you’re a paid subscriber you won’t be able to read any further, here’s what is behind the paywall:
Part 1 of the 8,000+ word writeup on On Running (ONON)
link to my investment portfolio spreadsheet with holdings, sizes & performance
link to my investment models for all current portfolio holdings
link to my daily Zoom webcasts
My investment portfolio is up +26.8% YTD and up +562% from early 2020. All of this data is available on my investment portfolio spreadsheet. FWIW, some of my largest positions have had a really great Q4 earnings season including CELH, LNTH, MELI, FOUR, TMDX, GLBE, SDGR, UBER, and XPOF.