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Everything here is laid out to be read in one sitting or printed and read away from a screen. All of it is free, none of it asks for an email address, and each one is a point-in-time snapshot rather than a live document — the date it was made is on the sheet.
Not a buy list. Exceptional can also be expensive. Why →
Exceptional Company Series · No. 1
Robotic surgery platforms and their consumables. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 201 KB · the company page
Exceptional Company Series · No. 2
Enterprise software and cloud. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 185 KB · the company page
Exceptional Company Series · No. 3
Streaming entertainment. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 195 KB · the company page
Exceptional Company Series · No. 4
Veterinary diagnostics and practice software. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 187 KB · the company page
Exceptional Company Series · No. 5
Sleep apnea devices and the consumables that keep them working. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 182 KB · the company page
Exceptional Company Series · No. 6
Network security appliances and the subscriptions that keep them current. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 173 KB · the company page
Exceptional Company Series · No. 7
Datacentre switching, with a single operating system across the range. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 174 KB · the company page
Company fact sheet
Semiconductor lithography equipment. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 167 KB · the company page
Company fact sheet
. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 1 pages · 76 KB · the company page
Company fact sheet
Engineered components for defence, aerospace and nuclear power. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 166 KB · the company page
Company fact sheet
Cloud software for logistics and supply chains. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 164 KB · the company page
Company fact sheet
Data analytics and digital operations for insurers and healthcare. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 164 KB · the company page
Company fact sheet
Aerospace and defense replacement parts. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 168 KB · the company page
Company fact sheet
Global payments network. The business, the five structural tests, twelve years of earnings and the honest risk list — on two sides of A4, with no valuation view.
PDF · 2 pages · 173 KB · the company page
Where must capital flow?
The seven forces and the themes beneath them — the map of where money is being pulled, and which of it we have written about. Read from the same taxonomy the site's Forces view uses.
PDF · 5 pages · 236 KB
The words this site actually uses
Every term that appears on a company page, defined in plain English, with what we look for in each. Made for reading beside a printed fact sheet, where there is nothing to click.
PDF · 2 pages · 92 KB
A fact sheet is published when its piece is. A company can be graded before it has been written up, and its sheet waits until the writing exists — so a company you expect to see may simply not be here yet.
These are assessments of business quality. None of them carries a price target, a valuation or a view on what to pay, which is a deliberate limit rather than an omission.
The Conviction Play publishes general commentary and analysis for information only. It is not investment advice, not a personal recommendation, and not an offer or invitation to buy or sell anything. Capital is at risk and the value of investments can fall as well as rise.
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