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First Advantage: Enlarged TAM, Good Execution, Early Signs Of Macro Recovery (Rating Upgrade)

Following my coverage on First Advantage ( FA ) in Nov ’24, in which I recommended a hold rating as I did not fancy the merger between FA and Sterling Check, this post is to provide anI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long ...