VEEV path
SNOW path
Both
Buy-after-the-fall lens reading two names: VEEV's drawdown as entry, SNOW's run as overvalued
the fall-by-half lens
drawdown in a compounder
= entry, not a defect
VEEV
quality compounder
falls first
doubles
severe drawdown
entry trigger
quality floor
FCF margin
GAAP profit
doubling realized
then trim
SNOW
already-run name
ran first
reads
overvalued
no floor
no earnings floor
missing under multiple