TIP842: Comfort Systems USA (FIX): The Five-Bagger We Passed On w/ Kyle Grieve & Shawn O'Malley

You're listening to TIP. Welcome back to the investors podcast. Today's episode is number 842, and we're doing something a little different today, going back to revisit a stock that Sean actually pitched a while back in Comfort Systems. So When Sean covered it, his model assigned a fair value of around$320 per share, and he ultimately passed. Preferring to wait for a better entry point.

I remember it vividly. And yeah, this is gonna be a a painful episode for me because we really or I really missed out on on quite the opportunity. My my valuation could not have been more off. Yeah, but you know. So the business has kept growing at this just incredible clip, largely riding this data center and AI build out. And the stock today is now sitting at five times its price when, unfortunately, Sean, you first looked at it, just miles past the top of even the most bullish view that you possibly could have modeled for.

I'm ready for it. La lay into me here,'cause I it it was a mistake and You know, I'll I'll I'll leave it up to the audience to decide. how big of a mistake they think it was. that we made in in passing on this one, or if there were some factors here that were simply well beyond our our field of view that changed. As in, is our investment process flawed or is this just part of the reality of

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