LoginSignup
IDEXX Labs logo

IDEXX Labs

Action
Action
Ticker: IDXX
IDXX

Price

Discussion sur IDXX

Postes

12
image de profil
wealth.builder101
@wealth_builder101
4Sem.·

My core principles - Which stock to trim?

I am looking to sharpen my knife and trim my portfolio down to only 15 stocks. Which stocks would you suggest I cut/sell and which ones would you put more emphasis on? Let me know in the comments!


Over the years, I’ve sharpened my strategy down to a focused portfolio built on true compounders. Here’s what guides my stock picking:


  • High Capital Returns – I only want companies with top-tier ROIC & ROCE, not just “good” but best in class.
  • Predictable Growth – earnings and free cash flow need to grow steadily, not in cycles.
  • Strong Margins – wide gross margins, healthy operating margins, and high free cash flow conversion.
  • Global Megatrends – every holding should profit from long-term, accelerating trends.
  • Quality over Quantity – I’d rather own ~20 world-class businesses than chase diversification for its own sake.
  • Long-Term Horizon – 5+ years minimum. Buy, hold, and compound.


here’s my current holdings:

$MSFT (+0,71 %)

$META (+0,49 %)

$MA (+1,11 %)

$BRK.B (+0,32 %)

$AMZN (+0,41 %)

$ASML (+4,01 %)

$MSCI (+0,57 %)

$MC (+2,04 %)

$BKNG (+0,63 %)

$SPGI (+0,37 %)

$ADBE (+1,03 %)

$NOVO B (+5,03 %)

$AIR (-0,17 %)

$CDNS (+0,75 %)

$OR (+0,27 %)

$IDXX (+0,48 %)

$EL (+2,16 %)

3
1 Commentaire
image de profil
OneRiff@Oneriff
4Sem.
No real advice. $MC is trying to set a bottom. Location wise it's about pre corona level witch maybe interesting.

$ASML is under value, short term 680 seems to be fair. Probably more potential.

On your other holding's I don't have a opinion.
•
1
•
image de profil
wealth.builder101
@wealth_builder101
3Mo·

Challenge my holdings!

6
2 Commentaires
Aleksander@pa101032
3Mo
Too many
•
2
•
Afficher la réponse
image de profil
wealth.builder101
@wealth_builder101
3Mo·

My investable universe

When I‘m screening markets for my investable universe I look for high-quality compounders with:


  • Strong and consistent capital returns (ROCE)
  • High and stable profitability (gross, operating, and FCF margins)
  • Steady revenue growth over time
  • Large market capitalization (mature, established companies)


In detail I’m screening for:


  • Market Cap: at least $ 10B
  • ROCE 3-Year Avg: ≥ 25%
  • ROCE 10-Year Avg: ≥ 25%
  • Gross Margin 3-Year Avg: ≥ 50%
  • FCF Margin 3-Year Avg: ≥ 20%
  • Operating Margin 10-Year Avg: ≥ 25%
  • Revenue per share CAGR 3-Year: ≥ 5%
  • Revenue per share CAGR 10-Year: ≥ 5%
  • FCF per share CAGR 3-Year: ≥ 10%
  • FCF per share CAGR 10-Year: ≥ 10%
  • Consistency/stability of earnings (from max. 1.0): ≥ 0.8
  • No more than 75% revenue exposure to one single country/market (eg. USA)



Here are my current holdings:

$MSFT (+0,71 %)

$META (+0,49 %)

$MA (+1,11 %)

$BRK.B (+0,32 %)

$AMZN (+0,41 %)

$ASML (+4,01 %)

$MSCI (+0,57 %)

$MC (+2,04 %)

$BKNG (+0,63 %)

$SPGI (+0,37 %)

$ADBE (+1,03 %)

$NOVO B (+5,03 %)

$AIR (-0,17 %)

$CDNS (+0,75 %)

$OR (+0,27 %)

$IDXX (+0,48 %)

$EL (+2,16 %)

$FTNT (+0,91 %)

$LULU (+0,95 %)

3
image de profil
wealth.builder101
@wealth_builder101
3Mo·

My Portfolio

Today I‘m sharing with you my main portfolio. This doesn’t include any ETF investments and crypto currencies / gold etc. since I want to focus my presence on getquin on stock-picking.


Read my 3-part portfolio strategy posts to get the full picture - here are just the main pillars of what I‘m doing:


  • Long-term buy and hold (average holding time 5+ years at least)
  • Focus on high-ROIC compounders riding secular trends (top-tier capital efficiency)
  • High margins, strong FCF growth, large moats (7 powers strategy)
  • Holding not more than 20 stocks at a time while mainly focusing on US and EU based companies


I like to divide my holdings into „core holdings“ (forever stocks) and „trend picks“ (2030 stocks) as follows:


Core Holdings (“Forever Stocks”):



Growth Picks (“2030 Stocks”):

20Positions
37,12 %
11
4 Commentaires
image de profil
Risk_Taker_Tomato@risk_taker
3Mo
Amazon 2,5k% Plus damn what’s you’re buy in on that one
•
3
•
Afficher la réponse
image de profil
wealth.builder101
@wealth_builder101
3Mo·

My portfolio strategy (part 3)

I use the 7 Powers framework from the book “7 Powers: The Foundations of Business Strategy” by Hamilton Helmer. It’s a killer framework for understanding why some businesses create lasting value and compound returns over time.


Each “Power” is a sustainable strategic advantage that lets a company generate outsized returns for a long time. I ask the 7 questions for each stock I am considering to buy.


1. Counter-Positioning

  • What it is: A new entrant adopts a superior business model that incumbents can’t copy without damaging their own biz.
  • Example: Netflix vs. Blockbuster. Blockbuster couldn’t move to streaming without killing its DVD revenue.
  • Why it matters: Creates asymmetric pressure; the old guard is paralyzed.


2. Scale Economies

  • What it is: Unit costs drop as volume increases.
  • Example: Amazon, Costco. Bigger = cheaper = stronger moat.
  • Why it matters: Hard to compete if you can’t match their cost base.


3. Switching Costs

  • What it is: Customers stick around because switching is painful.
  • Example: Adobe Creative Cloud, Microsoft Office, Salesforce.
  • Why it matters: High retention = stable cash flows = compounding machine.


4. Network Effects

  • What it is: The product gets better as more people use it.
  • Example: Meta, Visa, LinkedIn.
  • Why it matters: Leads to dominance, creates a feedback loop of growth.


5. Branding

  • What it is: Emotional or symbolic value, not just functional.
  • Example: L’Oréal, Hermès, Apple.
  • Why it matters: Lets companies charge premium prices and keeps customers loyal even if alternatives exist.


6. Cornered Resource

  • What it is: Exclusive access to a critical asset — talent, IP, data, supply.
  • Example: ASML (EUV tech), Novo Nordisk (Ozempic IP), Ferrari (brand + heritage + team).
  • Why it matters: If no one else can get it, you win.


7. Process Power

  • What it is: Unique internal processes that drive efficiency, innovation, or quality — and are hard to copy.
  • Example: Toyota (lean manufacturing), Amazon (logistics, culture of innovation).
  • Why it matters: Long-lasting edge baked into the org’s DNA.


If I had to chose one, Network effects would be the most important one for me.


Here are my current holdings:

$MSFT (+0,71 %)

$META (+0,49 %)

$MA (+1,11 %)

$BRK.B (+0,32 %)

$AMZN (+0,41 %)

$ASML (+4,01 %)

$MSCI (+0,57 %)

$MC (+2,04 %)

$BKNG (+0,63 %)

$SPGI (+0,37 %)

$ADBE (+1,03 %)

$NOVO B (+5,03 %)

$AIR (-0,17 %)

$CDNS (+0,75 %)

$OR (+0,27 %)

$IDXX (+0,48 %)

$EL (+2,16 %)

$FTNT (+0,91 %)

$LULU (+0,95 %)

5
3 Commentaires
Carlos@market_maverick_2062
2Mo
Nice, but if I were you I would go down to st leats 10 picks so you can research them fully, and build conviction for your “for ever picks”.

Also, I think you are missing TESLA in there… ;)

Good luck my friend
••
Voir toutes les 2 autres réponses
image de profil
wealth.builder101
@wealth_builder101
4Mo·

My portfolio strategy (part 2)

  • Concentrate on the following sectors: Tech, consumer, healthcare, financial (excluding banks), industrials
  • Smallest position size 2% / largest position size 15%
  • Only sell a position when it can be replaced with a position that increases the overall quality of the portfolio
  • Avoid companies with little to no track record or companies going through a restructuring phase



Here are my current holdings:

$MSFT (+0,71 %)

$META (+0,49 %)

$MA (+1,11 %)

$BRK.B (+0,32 %)

$AMZN (+0,41 %)

$ASML (+4,01 %)

$MSCI (+0,57 %)

$MC (+2,04 %)

$BKNG (+0,63 %)

$SPGI (+0,37 %)

$ADBE (+1,03 %)

$NOVO B (+5,03 %)

$AIR (-0,17 %)

$CDNS (+0,75 %)

$OR (+0,27 %)

$IDXX (+0,48 %)

$EL (+2,16 %)

$RMS (+2,29 %)

$FTNT (+0,91 %)

$LULU (+0,95 %)

8
2 Commentaires
image de profil
Mathis@MoneyMatze
3Mo
I see a lot of similarities to my strategy! Could it be that you watch a certain Youtuber with the initials JC? 😏
•
1
•
Afficher la réponse
image de profil
wealth.builder101
@wealth_builder101
4Mo·

My portfolio strategy (part 1)

My Portfolio is a selection of 15-25 companies which I am buying and planning on never selling. The overall criteria for my #investableuniverse are the following. I will go in-depth in another post:


  • Little capital needed to run the business (high ROCE)
  • High returns on invested capital (high ROIC)
  • Profitability track-record with high gross margins / operating margins / high free cash flow margins
  • High free cashflow growth / substantial revenue growth
  • Global revenue diversification
  • Low cyclicality
  • #tollbooth Company - Large moat / brand name in the industry / no alternatives to the product
  • Predictable sources of future growth / global trends


Here are my current holdings:

$MSFT (+0,71 %)

$META (+0,49 %)

$MA (+1,11 %)

$BRK.B (+0,32 %)

$AMZN (+0,41 %)

$ASML (+4,01 %)

$MSCI (+0,57 %)

$MC (+2,04 %)

$BKNG (+0,63 %)

$SPGI (+0,37 %)

$ADBE (+1,03 %)

$NOVO B (+5,03 %)

$AIR (-0,17 %)

$CDNS (+0,75 %)

$OR (+0,27 %)

$IDXX (+0,48 %)

$EL (+2,16 %)

$RMS (+2,29 %)

$FTNT (+0,91 %)

10
6 Commentaires
image de profil
Mathis@MoneyMatze
4Mo
i like it !
•
2
•
Afficher la réponse
image de profil
Kate🦋
@Iwamoto
5Mo·

My favorites in the healthcare sector 💉👩🏼‍⚕️🧬💊

image de profil
Kate🦋
@Iwamoto
5Mo·

Sector realignment of my portfolio - a look at returns, risks and allocation

I would like to use the current "black time" to structure my portfolio better and diversify it more. So far, I have overweighted some sectors rather arbitrarily, while others are completely absent. 😅


In order to achieve a more sound, sectoral diversification, I have looked at two things:

1. the long-term performance of the sectors in the S&P 500

2. the maximum drawdowns of these sectors over different time periods


----------------------------------------------------------------------------------------------------------


The following table shows the average annual returns of the S&P 500 sectors over 10, 20, 30 and 40 years.

It is striking: Some sectors have performed significantly better than others over longer periods of time. Particularly noteworthy are

- Information technology

- Healthcare

- Consumer staples (cyclical consumption)


These sectors achieved long-term average annual returns of over 10% p.a.


By contrast, the following sectors performed less convincingly:

- Energy

- Materials (basic materials)

- Real estate


----------------------------------------------------------------------------------------------------------


Unfortunately, historical drawdown data by sector is limited and not uniformly available. Nevertheless, a clear trend can be identified: The available data shows that defensive sectors tend to have lower drawdowns, while cyclical sectors are more prone to larger declines. So it looks like sectors such as consumer discretionary and healthcare tend to have lower maximum drawdowns, while sectors such as financials and energy have had the sharpest declines.


In the next step, I looked at the current (2024) market weighting of the sectors in the S&P 500, i.e. a market capitalization-weighted allocation as a passive ETF would reflect it:


Information Technology 28%

Healthcare 13 %

Financial services 12 %

Consumer Discretionary 10%

Communication services 8 %

Industry 8 %

Consumer staples 6 %

Energy 4 %

Utilities 3 %

Materials 2.5 %

Real estate 2.5 %


This is the first time I realize how much you have to overweight or underweight a sector in order to have the greatest probability of hypothetically beating the market in a fictitious, ideal scenario by means of sectoral overweighting and underweighting.


For example, only a weighting of well over 28% in information technology would have led to a possible outperformance.

Conversely, only a complete abandonment of the real estate sector could have made a positive contribution. (in retrospect)

Of course, this is a gross oversimplification, as each sector consists of a large number of companies of very different quality. Nevertheless, valuable insights for the strategic portfolio orientation can be derived from this.


----------------------------------------------------------------------------------------------------------


But now I'm at a crossroads.


Option A

I analyze current valuation ratios such as P/E ratios, Shiller P/E ratios or earnings growth per sector and decide on this basis which sectors appear most attractive for the future, i.e. an active, forward-looking approach.


Option B (my favorite):

I take my cue from long-term, historical average returns and risks and use them as a guide for strategic allocation - in other words, a more rule-based approach with a rational derivation.


----------------------------------------------------------------------------------------------------------


My sectoral target portfolio, based on risk-return profile and personal preference, could look like this:


Let's start from the back, the weakest sectors such as energy, real estate, utilities and basic materials have proven to be underperforming and often volatile over the long term. In total, I would therefore like to limit these to a maximum of 10% of my portfolio.


Industry 8 %


Financial services with 9 %


Communication services 10 %


Consumer staples with 13 %,


Healthcare 15 %


Consumer staples 15%


Information technology 20 %


The above weighting aims to create a portfolio that is both growth-oriented and risk-optimized in the long term.


----------------------------------------------------------------------------------------------------------


Conclusion 🤓


With this train of thought, I am pursuing a systematic and long-term approach that takes both opportunities and risks into account. The aim is to create a portfolio that remains stable and profitable in different market phases. Of course, it will not always be easy to implement these weightings perfectly in practice, but this strategy provides a clear direction as a basis.


----------------------------------------------------------------------------------------------------------


Sources 🤯


www.portfoliovisualizer.com

www.spglobal.com/spdji

JP Morgan Asset Management - Guide to the Markets

www.ishares.com

www.vanguard.com Principles for Investing Success

Global Industry Classification Standard (GICS)

www.investopedia.com

www.bogleheads.org

attachment
4
7 Commentaires
image de profil
Dividendenopi👴@Dividendenopi
5Mo
•
2
•
image de profil
Tenbagger2024
@Tenbagger2024
7Mo·

Idexx Laboratories goes one better and shares rise to a four-month high

$$IDXX (+0,48 %)


Idexx Laboratories ( IDXX ) clearly exceeded Wall Street's expectations for the fourth quarter on Monday. Idexx shares reached a four-month high.


Idexx manufactures diagnostic products for veterinary practices. In the December quarter, the company earned 2.62 dollars per share on sales of 954 million dollars. On a purely balance sheet basis, profit rose by 13 percent, while turnover increased by 6 percent. Both figures exceeded forecasts, said Ryan Daniels, analyst at William Blair, in a report to clients.


Daniels acknowledged that a decline in vet visits weighed on Idexx shares. However, higher prices and an increase in the number of new pets - thanks in part to the "pandemic puppy boom" - should help offset some of the slump in vet visits, he said.

"We believe the aging pet population will begin as early as this year and peak in 2030 or 2031, creating a growing need for veterinary care (especially diagnostics), which will provide a solid long-term tailwind for the industry," he said.


On the stock market today, shares of Idexx rose more than 11% to 470.29. It was the first time since September that shares rose above their 200-day moving average.


Mixed forecast from Idexx Laboratories

Notably, recurring revenue from pet diagnostics rose 6% in the three months to December 31. This was in line with Idexx Laboratories' forecast of organic growth of 5.8 % to 6.4 %.


For the year, Idexx forecast sales of just under 4.06 to 4.17 billion dollars. The midpoint of the forecast was below analysts' projection of $4.14 billion, William Blair's Daniels said. However, the midpoint of the company's profit forecast exceeded expectations. Idexx expects earnings of 11.74 to 12.24 dollars per share.


Daniels maintained his Outperform rating on Idexx shares.


"Overall, we still view the veterinary market as a safe investment area due to its resilience to recessions, strong pricing power, lack of political risk and favorable demographics," he said.


https://www.investors.com/news/technology/idexx-laboratories-earnings-q4-2024-idexx-stock/

attachment
8
image de profil
Wachstums_Aktionär
@schokosahne
1Année·

$IDXX (+0,48 %) an exciting company that will cover the industrial sector for me.


For me as a growth investor, it is very difficult or hardly possible to invest in various areas, but since I have the plants as the biggest point in this company, there is of course an industry behind it to produce them.

I go there with a nice phrase "you don't have to dance at every wedding"


The company's returns have really been very strong and it is in a growing market, because as prosperity increases, so does the motivation to own pets and this should continue to develop very strongly and this company will be able to secure a lot of market share.


Returns are not everything, so it is a fundamentally very good company, the debt is easily covered by equity and the company will keep buying back its own shares, which can be thrown onto the market if a takeover has to be made or things go badly. You can see that the management is acting in the interests of the shareholders.

Sales are also eps and ebitda is also rising nicely.


The valuation is of course sporty, but with solid quality companies you have to accept it. Now I will be preparing my chart analysis in the next few days to determine entry points and work out important chart areas.


Have a nice day 🙌

4

Titres populaires

Meilleurs créateurs cette semaine

Données en temps réel par LSX · Données financières de FactSet
Participez à la discussion
S'inscrireConnexion