Basket of companies providing technology, logistics, and consulting services primarily to government clients.
1 take · first discussed Jan 4, 2025
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
Guest Gavin Baker holds a high-conviction bearish view on companies that derive more than 35% of their revenue from the federal government, naming this basket his biggest business loser of 2025. His core concern is that DOGE-driven scrutiny of federal spending will expose cost inefficiencies at these contractors, putting their revenue streams at serious risk. No other hosts weighed in on this call, so the view reflects Baker's thesis alone.
Gavin Baker picks government service providers (companies with >35% federal revenue) as his biggest business loser of 2025, citing DOGE-driven spending scrutiny that will expose cost inefficiencies.
Government service providers. You do not want to have the United States government at any level as over 35% of your revenue.”39:28