In today's episode, Stig Brodersen is talking stocks with Tobias Carlisle and Hari Ramachandra. Stig’s pick is Uber, the world’s largest ride-hailing company. Tobias is pitching Bath & Body Works, a category leader in home and personal fragrance. Hari’s stock of choice is Merck, a pharmaceutical giant that owns the blockbuster oncology drug.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro 02:23 - Stig’s bull case for Uber (Ticker on NYSE: UBER). 17:15 - The bear case for Uber, including the regulatory risk. 58:37 - Why Hari is bullish on Merck (Ticker on NYSE: MRK). 01:12:10 - The bear case for Merck, including the “Keytruda patent cliff.” 01:17:32 - Why Toby is bullish on Bath & Body Works (Ticker on NYSE: BBWI). 01:27:10 - The bear case of Bath & Body Works, including the debt level. And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.
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• Stig Brodersen’s Portfolio and Track record. 
• Listen to Shawn and Daniel’s episode about Uber.
• Listen to Mastermind Discussion Q2, 2025 or watch the video.  
• Listen to Mastermind Discussion Q1, 2025 or watch the video.
• Tobias' podcast, ⁠⁠⁠⁠⁠⁠⁠The Acquirers Podcast⁠⁠⁠⁠⁠⁠⁠.
• Tobias' ETFs, ⁠⁠⁠⁠⁠⁠⁠ZIG⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠Deep⁠⁠⁠⁠⁠⁠⁠.
• Tobias' Acquirer's Multiple stock screener: ⁠⁠⁠⁠⁠⁠⁠AcquirersMultiple.com⁠⁠⁠⁠⁠⁠⁠.
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