Brendan Caldwell, president and CEO of Caldwell Investment Management, discusses his top picks: Costco, LKQ, and Electronic Arts.Leading operator of supercenter, multi-category retail warehouses; third largest global retailer with 830 warehouses worldwide serving 64 million households.Despite the huge COVID-19 surge in demand, they continue to see strong growth and consistent traffic numbers.
In North America, it primarily sells to independent and large chain collision repair shops; the business is driven by total vehicle miles driven and safety standards on vehicles. Consumers are also more likely to choose repair vs. replace over the next 1-2 years. Given high new and used car prices, the average age of vehicles supports repair activity.In Europe, LKQ sells to collision and repair shops with a greater focus on mechanical replacement parts vs. collision.
Its portfolio of games includes wholly-owned properties - such as Battlefield, The Sims, Apex Legends – and licensed brands such as FIFA, Madden NFL, NHL and Starwars.There are high barriers to entry given development costs, sticky customers and licensing arrangements with major sports brand franchises give large developers the upper hand.
Live services are sales of extra content for console, PC and mobile games, licensing revenue from third-party publishing partners who distribute our games digitally, subscriptions, and advertising.
Source: News Formal (newsformal.com)
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