“Why We're NOT Buying Fastly (Even at 22% Growth)”
FSLY is a pass due to weak competitive moat (lack of control/stickiness), high SBC, and valuation requiring 22% FCF/share CAGR.
Fastly here is one that we'll take a bit closer look at, and I'll show you how this will ultimately work out into putting together a little mini basket of stocks in the portfolio.
We looked at Fastly financials at a very, very brief high-level look here. The revenue has re-accelerated. It's mid-twenty percent range now in the most recent quarter, and they're making progress on free cash flow and operating margins.