Intuit Inc.

“Intuit looks worth owning for a 5-10 year horizon because it controls sticky financial workflows, converts that position into high returns and strong free cash flow, and still has multiple reinvestment levers in payments, payroll, AI, and cross-sell. The main risk is not financial fragility but whether AI and regulation weaken its moat or pricing power over time. At the quoted price, the market appears too skeptical relative to the durability and compounding power of the franchise, but the setup still falls short of a true generational bargain because trust/regulatory issues and disruption risk remain meaningful.”