Mark Travis’s Intrepid Capital Management’s Top 5 Stock Picks

4. Dropbox, Inc. (NASDAQ:DBX)

Intrepid Capital Management’s Stake Value: $5,505,000

Percentage of Intrepid Capital Management’s 13F Portfolio: 2.90%

Number of Hedge Fund Holders: 39

A top stock according to Intrepid Capital Management’s Mark Travis, Dropbox, Inc. (NASDAQ:DBX) is an American software company offering file synchronization, cloud storage, on-demand services, and other software to customers. Intrepid Capital Management owns 181,632 shares in Dropbox, Inc. (NASDAQ:DBX), as of June 2021, worth $5.50 million, representing 2.90% of the firm’s investment portfolio for Q2.

Dropbox, Inc. (NASDAQ:DBX) reported earnings for Q3 on November 4. The EPS for the quarter came in at $0.37, beating estimates by $0.02. Dropbox, Inc. (NASDAQ:DBX)’s revenue also exceeded analysts’ estimates by $5.48 million at $550.20 million.

At the end of the second quarter of 2021, 39 hedge funds in the elite database of Insider Monkey reported owning stakes in Dropbox, Inc. (NASDAQ:DBX), compared to 31 funds in the preceding quarter.

Here is what Saga Partners has to say about Dropbox, Inc. (NASDAQ:DBX) in their Q4 2020 investor letter:

“If I were to label certain decisions mistakes, Dropbox would fall in that category. Fortunately, this “mistake” did not incur a material loss to the Portfolio. However, just because an outcome was not unfavorable does not mean it was not a mistake.

The Portfolio first purchased Dropbox in 2019. My thesis originally surrounded the idea that Dropbox was the winning independent file/content sharing and collaboration platform that could potentially aggregate the increasing number of third-party work applications. This would create a neutral hub/platform for knowledge workers to manage their content and workflows. Dropbox had a strong track record and what I believed to be an advantageous position with its 600 million registered user base…” (Click here to see the full text)