Investment Q&A

It is an interesting comparison group. BKNG we would consider, by far, the 'most reliable'. We have followed it forever, and owned it in a fund we managed at $25 (now $2,800!). It has strong global market share and has survived recessions, covid and competition. The balance sheet is strong. Considering its pedigree, 19X earnings look cheap to us. SHOP we think remains solid, but at such a high valuation is perhaps more vulnerable to volatility. SMCI is a 'trendy' AI play but showing very strong momentum and growth, and is still very cheap both relatively and absolutely. EPS was $2.16 in 2021 and is forecast at more than $20 in fiscal 2025 (June year end). This growth certainly backs up its share price gains of the past couple of years. So, if an investor wants 'sleep at night' growth we would side with BKNG. If looking for pure gains, and a roller coaster ride, then SMCI.