In short: Ellenbogen: building-products distribution scale leader (parallels his XPO pick) under CEO Kevin Murphy — 18%/yr value compounding since 2017 vs the S&P's 13%. Tech investment funds better service/prices → share gains in residential AND commercial (incl. data centers, high-value HVAC); distribution centers look like Amazon's. Can outgrow end markets 3–4 pts/yr; ~$230 = 18x next year's EPS (a market discount); sees mid-teens EPS compounding, stock to $300–$350.
Ferguson distributes plumbing, HVAC and building products — a boring-sounding middleman business where scale wins: bigger buyers get better prices from suppliers and can keep more inventory in stock, which is exactly what contractors pay for. Its warehouses look like Amazon's, and it keeps taking market share in both home construction and commercial projects (including data centers). At 18x next year's earnings — cheaper than the index — Ellenbogen sees mid-teens earnings growth and a move from ~$230 to $300–350 as the economy broadens beyond AI.
Nothing matches this filter.
Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.