Yet Another Value Podcast

Chris Lee, a MBA student who won the Dorsey Stock Pitch Competition, comes on the podcast to discuss his winning pitch for Delta Apparel (DLA). Chris's winning pitch: https://dorseystockpitchcompetition.substack.com/p/long-delta-apparel-dla?utm_source=substack&utm_campaign=post_embed&utm_medium=web  Chapters  0:00 Intro  2:30 Chris's background  4:45 DLA overview ...

Chris DeMuth joins the podcast to discuss the state of the markets in October 2022 and what’s catching his eye in event driven land, with a large focus on TWTR. My prior podcast on SPB: https://twitter.com/AndrewRangeley/status/1549013912133111808?s=20&t=6iWCDZC_8sPzlIuELTNwdQ Chapters 0:00 Intro 2:30 What's on Chris's mind this month (TWTR) 4:50 Twitter's security review (or la...

Luis Sanchez, founder of LVS Advisory, disses the bull thesis for IBKR, including why the company is a major beneficiary of interest rates rising and how the company's business to business solution can drive major account growth. See Luis's IBKR write up here: https://lvsadvisory.com/wp-content/uploads/2022/09/LVS-Advisory-IBKR-Write-Up-September-2022.pdf Chapters 0:00 Intro 2:45 IBKR ov...

Lionel Hutz, author of the excellent lionelhutz substack, comes on the podcast to talk about the ongoing drama with Twitter and Elon Musk. In this episode, we exclusively discuss the Twitter case as it stands on October 13th, the odds the deal closes at the end of the month, why it might not, and what happens if it doesn’t. If you’re looking for more background on the deal, please see my podcast f...

Doug O’Laughlin , founder of fabricated knowledge , returns to the podcast to discuss his thesis on SiTime (SITM).  Doug's SITM write up: https://www.fabricatedknowledge.com/p/its-high-time-to-look-at-sitime Doug's first pod appearance: https://yetanothervalueblog.substack.com/p/doug-from-fabricated-knowledge-on Chapters 0:00 Intro 2:45 SITM overview 7:50 What is the market missing at SI...

Zack Buckley discusses his investment thesis for Xponential Fitness (XPOF), including why he thinks the company is set for continued rapid growth. Zack's twitter: https://twitter.com/Amarginofsafety Chapters 0:00 Intro 2:00 Zack's background 5:15 XPOF overview 8:20 Can XPOF buck the history of publicly traded fitness? 12:10 Brand sustainability and the Curves comp 15:15 XPOF's valua...

Dave Johnson from Caligan Partners discusses his thesis on Evolus (EOLS). Evolus is a one product company. Their product, Jeuveau, is a Botox competitor exclusively focused on the cosmetics market, and Dave thinks the market is underpricing Jeuveau's strong growth potential. Caligan's website: https://www.caliganpartners.com/ Chapters 0:00 Intro 2:15 Caligan background 8:15 EOLS Overview...

Chris DeMuth joins the podcast to discuss the state of the markets in September 2022 and what’s catching his eye in event driven land, including an aggressive anti-trust regime and the potential for a bump at Swedish Match. Chapters 0:00 Intro 1:50 What's on Chris's Mind 3:10 What's happening in Antitrust 8:25 Does UNH's win in CHNG change the environment 10:45 Does European re...

Kyle Mowery and Jake Miller come on the podcast to discus their new CoVest Select venture and then dive deep into their thesis for Orion Engineered Carbons (OEC). CoVest Twitter Account: https://twitter.com/CoVestSelect Chapters 0:00 Intro 2:20 CoVest overview 5:05 OEC overview 9:05 What is the market missing with OEC? 11:45 The supply demand dynamic for rubber black 14:15 Why isn't this a si...

Dave Waters of Alluvial Capital comes on the pod to discuss his investment thesis on $PX. You can find Dave's original podcast appearance, where he discuss PX when it was still PIOE and some other small caps, here: https://twitter.com/AndrewRangeley/status/1300763059267481600?s=20 Chapters 0:00 Intro 2:15 PX Overview 3:30 Management fee streams 5:10 Is PX's focus on fund of funds a conce...

James Elbaor, founder and CIO of Marlton Capital, discusses his investment thesis for Pershing Square Holdings (PSH). PSH is Bill Ackman's closed end fund. It trades at a discount, at James thinks Ackman is on the verge of taking steps that will both increase net asset value and shrink the discount. James' Twitter: https://twitter.com/jameselbaor Chapters 0:00 Intro 2:25 PSH Overview 11:...

Jon Boyar returns to the podcast to talk about his investment thesis for MSGS and MSGE, including why he thinks investors are underrating James Dolan and just how wide their discount to asset value has become. You can find more on the Fresh Looks here: https://boyarresearch.myshopify.com/products/2022-opportunity-issue-edition-with-bonus-content?utm_content=216760092&utm_medium=social&utm_...

Andrew Carreon, founder of Emeth Value, discusses his thesis on Diversified Energy (DEC; trades in London). Key points include how the company can get such good deals on acquisitions, if the company has an edge in handling asset retirement obligations, and why the company pays such a big dividend. My bull thesis on DEC: https://yetanothervalueblog.substack.com/p/tegus-sponsored-deep-dive-4-natural...

Chris DeMuth returns to the podcast to talk about what's on his mind in the markets this month, including updates on TWTR, the IS / U / APP love triangle, and Rio's "failed" bid for TRQ. 0:00 Intro 2:10 Overview 3:45 What's happening with TWTR 26:10 IS / U / APP love triangle 45:00 Rio / TRQ

Tulane Law Professor Ann Lipton and Fintwit personality Compound248 discuss the latest in Twitter’s lawsuit against Elon Musk. Note that we dive directly into all the nuisances of the trial; for more background on how we got here and what’s at stake you can listen to my podcast from May with Evan Tindell. My May pod with Evan on TWTR: https://twitter.com/AndrewRangeley/status/1529452942931238914?s...

David Bastian from Kingdom Capital discusses his bull thesis for Unit Corp (UNTC). David's UNTC write up: https://seekingalpha.com/article/4503262-unit-corporation-heads-win-tails-dont-lose Chapters 0:00 Intro 2:30 UNTC overview 5:00 Discussing UNTC's sale process 11:20 Thoughts on UNTC's prelim Q2 numbers 14:45 What is the market missing with UNTC? 18:00 What is UNTC's major s...

Chris DeMuth returns to the podcast to talk about what's on his mind in the markets this month, including updates on TWTR, the state of antitrust, and the opportunity set in squeeze outs. 0:00 Intro 2:45 Markets Overview 4:25 Sanderson Farms (SAFM) 8:00 Majority owned companies and squeeze outs 10:40 CLR update and energy companies 21:55 Energy companies now versus Tobacco in the 80s 26:10 TW...

PJ Kurzweil, founder of PJ's SMID Cap Ideas, comes on the podcast to discuss his write up on Spectrum Brands (SPB). Spectrum is currently in the process of selling their HHI business, and whether that deal goes through or not PJ thinks the stock is too cheap given the quality of their brands / businesses. My notes on SPB: https://twitter.com/YetAnotherValue/status/1547219565016453121?s=20&amp...

Jeremy Raper of rapercapital.com makes his record 7th podcast appearance to discuss a host of event driven situations. Jeremy's letter to EVO: https://rapercapital.com/2022/07/03/an-open-letter-to-the-board-of-evolve-education-group/ Chapters 0:00 Intro 2:45 What's the current environment like? 9:20 SHLX 19:00 TRQ 34:00 SAVE 43:00 VTNR 58:30 CLMT 1:19:30 Wrapping up with HRBR and FAR

Conor Maguire, founder of valuesits, discusses why he thinks SOL Group is a Buffett-like stock trading at an attractive multiple with the possibility of a private equity takeout over the next five years. Conor's SOL write up: https://valuesits.substack.com/p/deep-breath-deep-value Chapters 0:00 Intro 2:50 SOL overview 4:50 What is the market missing with SOL? 9:00 Why a private equity firm wo...

Chris DeMuth returns to the podcast to discuss the state of the markets in June 2022. Chris's May 2022 state of the markets episode: https://twitter.com/AndrewRangeley/st... Chris's golden age of arb posts: https://seekingalpha.com/article/4519... Chapters 0:00 Intro 1:50 What's on Chris's mind 3:35 Wide spreads and CTXS 8:15 PLAN's recut 16:15 Do investors over or underes...

Brian Laks, partner at Old West Invest Management, discusses the bull case for Tin and why he thinks the world's largest tin miner, Alphamin, could present an alpha opportunityi. Brian's first appearance on Uranium and NXE: https://twitter.com/AndrewRangeley/status/1434879061961019396?s=20 Tin market bull case video mentioned: https://www.youtube.com/watch?v=4Ro8uCD10-w Chapters 0:00 Int...

Doug Olaughlin, founder of fabricated knowledge, comes on the podcast to talk about the semiconductor space in general and then dive into his thesis on Rambus (RMBS) and why the market might be missing their big growth call option. Fabricated knowledge website: https://www.fabricatedknowledge.com Doug's RMBS thesis: https://www.fabricatedknowledge.com/p/a-pure-play-on-datacenter-memory?s=w Ch...

PJ Kurzweil, founder of PJ's SMID Cap Ideas, comes on the podcast to discuss his write up on Brunswick (BC). BC is a boat manufacturer, and PJ thinks they are too cheap and the market is missing how much more economically resilient the business is today than it was ~10 years ago. My BC notes: https://twitter.com/YetAnotherValue/status/1529822951016497153?s=20&t=lAssCowdwRLleeF1c1ZVEw PJ&a...

Michael Fritzell, founder of Asian Century Stocks, goes through his thesis on T. Hasegawa. T. Hasegawa trades at a huge discount to its domestic peers like IFF despite similar or better growth and margins, and Michael thinks some recent changes and shareholder pressure could set the company up to rerate. Michael's T. Hasegawa write up: https://www.asiancenturystocks.com/p/deep-dive-2022-8-t-h...