The Investors' Corner

Telehealth Industry Trends and Challenges with Ash SharmaIn this episode of The Investors Corner Podcast by Cedar Grove Capital Management, Chief Investment Officer Paul Cerro welcomes Ash Sharma, writer and founder of the GLP One Digest. They discuss the evolution and future of telehealth, touching on topics such as consumer health behaviors, limitations and dark sides of telehealth services, and...

Research: www.cedargroveresearch.com Reflecting on 2025: Key Investment Lessons and MistakesIn the eighth episode of The Investors Corner, Paul Cerro, Chief Investment Officer of Cedar Grove Capital Management, takes a reflective look back at 2025, discussing key investment lessons and mistakes he encountered throughout the year. Departing from his usual format, Paul dives into an in-depth analysi...

Weight Watchers: From Short to Long - An In-Depth Look at Post-Bankruptcy Strategies with Investor Relations Director David HeldermanIn this episode of The Investors Corner Podcast, Paul Cerro from Cedar Grove Capital Management speaks with David Helderman, Director of Investor Relations at Weight Watchers International (WW). The discussion covers the intriguing journey of Weight Watchers from fac...

Exploring SANUWAVE Health: An In-Depth Discussion with Jesse from Teneva Capital In this episode of The Investors Corner Podcast, host Paul Cerro from Cedar Grove Capital Management speaks with Jesse, the founder of Tenva Capital, about the small-cap healthcare company SANUWAVE Health (ticker: SNWV). They delve into the company's background, its innovative UltraMist device for treating complex, no...

Evaluating Peloton's Turnaround: A Deep Dive with Paul and Alex Morris In this episode of The Investors Corner, host Paul from Cedar Grove Capital Management is joined by Alex Morris, the founder of TSOH Investment Research. The discussion focuses on Peloton, its tumultuous journey through the COVID-19 pandemic, and efforts to stabilize and reignite growth under new management. Paul and Alex exami...

The Evolution of Defense: A Deep Dive with Lawrence Hamill Join Paul Cerro, Chief Investment Officer of Cedar Grove Capital Management, in the fourth episode of the Investor’s Corner Podcast. Paul sits down with fellow investment manager Lawrence Hamill from Fortune Financial to discuss the defense industry. They explore its historical context, technological advancements, and current geopolitical...

Exploring Build-A-Bear's (BBW) Strategic Evolution and Growth In this episode of The Investor's Corner, Paul Cerro, Chief Investment Officer at Cedar Grove Capital Management, talks with Gary Schnierow, Head of Investor Relations at Build-A-Bear Workshop (BBW). They discuss the company's growth and adaptation strategies over the past few decades, from its focus on experiential retail to its divers...

David vs. Goliath: Parker Vision's Battle Against Qualcomm In this deep dive episode, we unravel the intricate legal battle between Parker Vision and Qualcomm, highlighting the underdog's fight against a tech giant. The episode explores the revolutionary D2D technology developed by Parker Vision, the breakdown of licensing negotiations, and subsequent lawsuits alleging patent infringement by Qualc...

Welcome to The Investors Corner: Evaluating the Pet Trade In the inaugural episode of The Investors Corner podcast, Paul Cerro, Chief Investment Officer at Cedar Grove Capital Management, discusses the investment learnings behind their thematic pet trade. Paul explains the rationale for going long on Petco and shorting Chewy during the post-COVID pet adoption boom. The episode covers industry tren...

TL;DR * Red Cat Holdings (RCAT) is in the final two to be considered for a multi-year Army drone contract that could be worth ~$450 million; ~3.3x current market cap * Strong probability the company wins the contract given current contractor's (incumbent) battlefield issues and arguably inferior drone design * Additional exposure to other programs/contracts means a no-contract win does not mean th...

This is a free preview of a paid episode. To hear more, visit cedargrovecapital.substack.com Preliminary disclaimer: In order to continue being completely transparent with you all, I need to disclose that I was previously an employee of Roman Health Ventures (“Ro”), a direct competitor of Hims & Hers Health (HIMS). While I have not been an employee of them for several years, I’m still very knowled...

As my first paid research post, I’m going to be going over the FTC complaint in detail and address all of their concerns, and provide rebuttals and counterpoints to each argument. Those of you reading this for the first time can read my prior two posts below from December of 2023 and March of this year. In each of those posts, I addressed the deal overall, and why before the FTC suit, it should no...

My old man had a philosophy: peace means having a bigger stick than the other guy.- Tony Stark Ever since the dawn of time, men have been engaged in conflict primarily for economic, religious, and political reasons. From the ashes of WW2, the United States rose to become one of the world’s superpowers and thus, a key player in shaping the new world order. However, to be the keeper of the peace, wa...

“Once a $3 trillion asset class, offices now are probably worth $1.8 trillion. There’s $1.2 trillion of losses spread somewhere, and nobody knows exactly where it all is.” - Barry Sternlicht The first real public domino to fall in the CRE trade was New York Community Bank NYCB . In one day after the company reported $185 million in net charge-offs in the fourth quarter and cut its dividend, the st...

Amer Sports, an outdoor and sports equipment maker, recently announced that it was going public and is looking to begin trading on February 1st, 2023 under the ticker symbol (AS). F-1 here . The Finland-based company is looking to raise ~$1.7 billion at an $8.7 billion market cap. For those of you who might not recognize the name (not surprising), you should hopefully recognize some of the brands...

**First and foremost before I dive into today’s post, I want to apologize for not sharing this note sooner with you all. 2023 was quite a hard year personally as I had both parents dealing with cancer-related issues and a portfolio company to manage. Because of that, I wasn’t able to really post my notes much last year as I clearly had other priorities. Thankfully, they’re both in the clear and th...

TL;DR * Having originally agreed to be acquired for $61/share in cash by Amazon in 2022, the deal price got revised down over the summer to $51.75/share * Given the FTC’s assault on big tech, Amazon is coming under fire for its history of anti-competitive practices on the Amazon website, thus putting the deal at risk * What was a rumored sure thing from the EU commission, they have changed their t...

Last year in my “Winter is Coming” post, there was one particular callout I made around housing that I was concerned about if it materialized. Post below and link to callout. The call was regarding homeowners who, in a rush to purchase a home, would see their equity in the home significantly decrease or even face a total equity wipe. This was largely due to them paying ridiculous prices while rate...

Slowly at first, then all at once. - Ernest Hemingway The dialogue above is from Ernest Hemingway's 1926 novel, The Sun Also Rises. It's often attributed to Mark Twain or F. Scott Fitzgerald, or misquoted as something like “At first you go bankrupt slowly, then all at once.” But the theme is the same. Not much happens at the drop of a hat. A car traveling very fast down a road doesn’t abruptly sla...

If you enjoyed today’s post, please hit the heart button and if you have any feedback, comment below. Hi there, welcome to another earnings recap post by Cedar Grove Capital Management. Just a heads up, if you’re reading this in an email and it abruptly cuts off, that means it was too long to send this way so you’ll have to click through to read the rest. Today we’re going to be going over earning...

This is a free preview of a paid episode. To hear more, visit cedargrovecapital.substack.com If you like today’s post, please like and share. I run a combination of a free and paid notebook that highlights my notes, thoughts, opinions, and trade ideas. You can do so by subscribing via the link below and selecting which “tier” you would like to be a part of. Hello everyone, thanks for making it bac...

Hi there, welcome to another post by Cedar Grove Capital Management and our first post sharing our thoughts on a recent earnings release. Posts like this will generally go to paid subs but this one will be completely free and the following earnings recap will be partially free with all others after being paywalled. If you enjoyed today’s post, please hit the heart button and if you have any feedba...

If you like today’s post, please like and share. I run a combination of a free and paid newsletter that highlights my notes, thoughts, opinions, and trade ideas. You can do so by subscribing via the link below and selecting which part you would like to be a part of. Hey folks, thanks for joining me again for another post by Cedar Grove Capital Management. Today I’m revisiting the Microsoft $MSFT a...

Hey everyone, welcome back to another article by Cedar Grove Capital Management . If you like today’s post, please hit the heart button, comment with any feedback, and share it with friends if you find it useful. This post might be too long for your email so if it abruptly cuts out, just open it in your browser to see the whole thing. Introduction Back in September, we published our thoughts on th...

If you like today’s post, please be sure to hit the heart button, comment with any feedback, and share it with friends if you find it useful. For those of you that may or may not know, I’ve said one or two negative things about Peloton (PTON) in the past. Okay, so I’ve been pretty pessimistic about Peloton, but how could you not be? The stock has performed so poorly that PTON is down >68% from its...