At Spaceship, our investing philosophy is to “invest where the world is going.”
Perhaps unsurprisingly, then, many of the companies we invest in tend to make moves that make the news. For something a little different, we thought we’d cover three of the companies that have been making news recently, for various reasons.
Match Group
You might not know Match Group by name, but you probably know what it does: The company owns a slew of digital dating companies, including Tinder, Hinge, OkCupid and Match.com.
Until recently, Match Group was a publicly traded company, and IAC/InterActiveCorp was its largest shareholder. However, on 1 July 2020, the two companies completed a “full separation” and Match Group is now a newly independent company.
When the separation was announced back in December 2019, Spaceship had a decision to make, as IAC/InterActiveCorp was in our Spaceship Universe Portfolio.
Ultimately, as we received some Match Group shares as part of the separation, we decided to sell out of our position in IAC/InterActiveCorp and invest in Match Group for the Spaceship Universe Portfolio instead, as we felt Match Group met our “Where the World is Going” criteria.
CSL
For a long time, banking and mining stocks were the shining stars of the ASX.
In fact, in March 2020, Bloomberg reported the big four banks — that is, CBA, Westpac, ANZ and NAB — made up about a fifth of the S&P/ASX 200 Index.
But at that same time, Bloomberg reported the S&P/ASX 200 Index had found a new leader in CSL Ltd., a biotech company that, in its own words, develops and delivers “innovative biotherapies and influenza vaccines that save lives.”
Given the coronavirus crisis was just starting to take hold, it couldn’t have been a more timely entree into the top spot (helped along by the RBA cutting the benchmark rate).
This week, the federal government said it was confident that CSL has the capacity to make coronavirus vaccines for the entire Australian population, whether that’s through a locally-made vaccine or by importing or licencing the products needed.
Tesla
Finally, Tesla, headed by Elon Musk, which makes the news so often it can make you dizzy.
Tesla’s stock has surged in recent months, thanks to a number of moves, including the opening of a factory in China and the introduction of a new electric car model.
And this week, Tesla reported its fourth straight quarter of profits, which means it can now be considered for inclusion on the S&P 500 index.
All in all, not too shabby for a company that, a year ago, was posting losses, had looming debt payments, and was struggling to rein in its Twitter-happy CEO!
The Spaceship Universe Portfolio invests in Match Group at the time of writing.
The Spaceship Universe Portfolio and the Spaceship Origin Portfolio invests in CSL and Tesla at the time of writing.
Important! We’re sharing with you our thoughts on the companies in which Spaceship Voyager invests for your informational purposes only. We think it’s important (and interesting!) to let you know what’s happening with Spaceship Voyager’s investments. However, we are not making recommendations to buy or sell holdings in a specific company. Past performance isn’t a reliable indicator or guarantee of future performance.
