Stig Brodersen is joined by Tobias Carlisle & Hari Ramachandra for another round of stock pitches. They discuss Sanofi, Remitly, and Crocs. What you'll learn here: 00:00:00 - Intro 00:01:26 - Why Hari is bullish on Sanofi’s strong vaccine and immunology pipeline (Ticker: NYSE: SNY) 00:04:10 - The bear case for Sanofi, including patent cliffs 00:17:53 - Why Stig is bullish on Remitly, highlighting operational leverage and a secular shift in digital payments and remittances (Ticker: NASDAQ: RELY) 00:42:20 - The bear case for Remitly, including pursuing the wrong strategy and excessive stock-based compensation 00:50:10 - Why Toby is bullish on Crocs, focusing on valuation and global growth (Ticker: NASDAQ: CROX) 00:53:50 - The bear case for Crocs, including tariffs and changing fashion trends 01:09:17 - Which live events we have planned for our Mastermind Community in 2026 — and how you can join Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/mastermind-discussion-q4-2025-sanofi-remitly-crocs/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Mastermind Discussion Q3 2025 | Uber, Merck, Bath & Body Works | Bull & Bear Case: https://youtu.be/18t3OsizYHA - Mastermind Discussion Q2 2025 | Microsoft, Block, Adyen, and Devon Energy | Bull & Bear: https://youtu.be/pSYgbfEyiBU - Mastermind Discussion Q1 2025 | Ulta Beauty, VeriSign, and Lifco | Bull & Bear Discussion: https://youtu.be/CPOsvLyNbMw 📖 Book Mentioned: - Soldier of Fortune by Tobias Carlisle: https://amzn.to/4oXPckN Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #ValueInvesting #StockMarketInsights #InvestingPodcast #SanofiRemitlyCrocs #LongTermInvesting