Yet Another Value Podcast

Eugene Robin and Ben Claremon from Cove Street Capital discuss the battleground stock Viasat (VSAT). They discuss the biggest misperception among bears, why they think VSAT's government business is a hidden gem, and how the risk from Elon Musk's SpaceX (and other burgeoning competitors) is overblown. Some relevant links: Cove Street's March 2020 Viasat deck: http://covestreetcapital...

Abdullah Al-Rezwan from Mostly Borrowed Ideas ( https://mbi-deepdives.com/ ​) returns to the podcast to discuss his latest research pick, Autodesk (ADSK). The company successfully did the transition from a licensed to subscription business model, and with that transition behind them, Abdullah discusses why the future is brighter than ever and why Autodesk will benefit from an infrastructure boom....

Will Barnes, co-founder of inpractise.com, discusses the investment case for Naked Wines. The company's been a huge COVID beneficiary, but despite a nice run Will thinks the market is underestimating the long term potential of Naked Wines and how advantaged the business is against the rest of the wine industry. Chapters 0:00 Intro 7:00 Naked Wines Overview 12:25 How Naked Wines Angel model wo...

Jacob Rubin, managing member and CIO at Philosophy Capital, joins the podcast to talk about his long thesis on Eros STX (ESGC), how he thinks the stock could respond to a global refi, and the long term upside as they successful integrate their assets. Disclosure: ESGC is a small cap and has a going concern risk; please do your own work and remember nothing on here is investing advice Chapters 0:00...

Joe Boskovich, a partner at Old West Investment Management, dives deep into his investment thesis on WildBrian (WLDBF), including why he thinks Apple could drive the Peanuts brand to the next level and how WildBrain Spark could be a huge growth story. Joe's Twitter: https://twitter.com/boskovic64 Old West Investment website: https://www.oldwestim.com/press Chapters 0:00 Intro 2:10 Quick discu...

Shehryar Khursheed, the founder of Return on Capital, discusses the battleground stock RH (FKA Restoration Hardware), what Berkshire Hathaway saw in the company, what short sellers missed on the company, and his vision for the company over the next few years. Return on Capital website: https://returnoncap.com/ Return on Capital Twitter: https://twitter.com/CapitalTalk2 Note that we had brief techn...

Al Grujic, founder and CEO of All of Us Financial (https://www.allofusfinancial.com/), comes on to discuss the Stonk market. Topics include Robinhood stopping trading last week, gamma squeezes, and how a stock can have over 100% short interest. Chapters 0:00 Intro 1:50 Al's background 4:20 Why All of Us restricted trading last week 9:40 Why couldn't cash accounts buy meme stocks last wee...

Mario Cibelli, the founder of Marathon Partners and breakout star of the book Netflixed (https://amzn.to/34cim9F​), makes his second podcast appearance to discuss the bull case for WWE. Mario's first podcast appearance: https://twitter.com/AndrewRangeley/status/1296130870949097472?s=20 Chapters 0:00 Intro 2:10 WWE Overview 4:30 Sale of WWE network 9:10 Laying out the upside for WWE 16:20 What...

Elliot Turner of RGA (http://rgaia.com) makes a repeat appearance to provide a quick update on Dropbox (DBX), discuss how a due diligence project resulted in him hitting the state limit for wine delivery, and then dive deep into his investment in Twitter (TWTR). Elliot's first YAVP appearance: https://www.youtube.com/watch?v=NJddlF3__Nw&t=3s Elliot's Twitter: https://twitter.com/Elli...

Jeremy Raper, founder of the excellent rapercapital.com and our inaugural guest, makes a repeat appearance on the podcast. We provide an update on his idea from our last podcast (Brag), discuss a potential $300m+ investment he's looking to source, and then dive deep into his later idea, Haier Smart Home German Shares (690D). Note that BRAG and Haier are both international small cap stocks; pl...

Steve Clapham, author of The Smart Money Method ( https://amzn.to/3gwJJjb ) comes on to discuss his new book and some of the valuation and research tricks and tips that didn't quite make it into his book. Chapters 0:00 Intro 3:30 Steve's one tip for improving as a research analyst 10:10 Improving how you read a 10-K 17:20 clever research tactics and tips 21:00 Emerging accounting issues...

Jeremy Raper, founder of the excellent rapercapital.com and our inaugural guest, makes a repeat appearance on the podcast. We discuss his recent views on the market, a quick update on his StoneX (SNEX) thesis, and his recent thesis on Canadian microcap Bragg Gaming (BRAG).  Note that BRAG is a Canadian Microcap; please do you own research and nothing in this podcast is investing advice. Links Jere...

Zack Silver, an analyst at B. Riley, recaps what happened at Liberty Media's Investor Day, including Liberty's bullishness for tech companies, Liberty's plan to launch a SPAC, and how Liberty has handled the pandemic overall. Then, we discuss his newest coverage, CuriosityStream (CURI), a new streaming service that recently went public through a SPAC. Chapters 0:00 Intro and Backgro...

Tim Bergin is a value investor and the founder of On Beyond Investing (https://onbeyondinvesting.com/). In this episode, he discusses his background, why he sees value in the banking space and specifically in the First Citizen (FCNCA) / CIT merger, and how consolidation could drive upside in the Irish banking market Tim's Twitter: https://twitter.com/onbeyondinvest On Beyond Investing: https:...

On November 10th, Great Canadian Gaming (GC) announced a deal to sell themselves to Apollo (APO) for $39/share. On the subsequent earnings call, shareholders immediately revolted, with several of GC's largest shareholders telling the company they would not vote for the deal because they thought the deal substantially undervalued the company. One of those shareholders was Chris Colvin from Bre...

Jonathan Boyar and Shrey Patel from the Boyar Value Group discuss their firm's background and their process for finding stocks trading for less than private market value. Then, we dive deep intro four of their favorite stocks: MSGE (owns Madison Square Garden), MSGS (the Knicks and Rangers), IAC (Barry DIller's holding company), and ANGI (homeadvisor + angie's list). Topics include...

Mike Melby, Founder and Portfolio Manager at Gate City Capital, comes on to discuss his background and his investment into Amrep (AXR), which his firm owns 18% of. Gate City Capital website: https://www.gatecitycap.com/ Show Chapters: 0:00 intro 1:00 Mike's background 22:45 Amrep's history 29:30 How Mike thinks about Amrep's land 55:15 Walkthrough of Amrep's Sum of the Parts (S...

Ryan O'Connor, founder of Above Average Odds Investing and Crossroads Capital, discusses his bull thesis on Nintendo. Our discussion focuses on all of the optionality Nintendo has, including what would happen if Nintendo licensed their games to Microsoft or Sony, how Nintendo cold roll out a subscription style business, and the upside as Nintendo continues to expand their IP into theme parks,...

Stanford Wyatt from August Partners and Rational Research  discusses his background in investing and his investment thesis on Nordstrom and The Tile Shop. Rational Reserach: https://rationalresearch.substack.com/

Abdullah Al-Rezwan from Mostly Borrowed Ideas (https://mbi-deepdives.com/) comes on the pod to talk about his new service and his recent deep dive that left him bullish on Etsy. You can find Abdullah on twitter here: https://twitter.com/borrowed_ideas

Our first threesome was such a success, we decided to do it again! Dan and Matt come back on to discuss all of the updates on the BMY CVR since our first post; in particular, we discuss Dan's due diligence that suggests an FDA inspection is on going.  PS- CVR's are risky and nothing on here is investing advice. You can find our first threesome here: https://twitter.com/AndrewRangeley/sta...

Edwin Dorsey, the founder of the Bear Cave, comes on to talk about short selling, his new newsletter, and his recent report highlighting the red flags at Celsius. Fun fact: Edwin estimates he represents ~1% of the FOIA requests in the U.S. Edwin's twitter: https://twitter.com/StockJabber Bear Cave newsletter: https://thebearcave.substack.com/

Shomick Ghosh (aka Minion Capital), a Principal at Boldstart, talks about his experience as a Venture Capitalist and how he balances investing in both public and private companies. Then we dive deep into the investment case for Shopify (SHOP). Minion Capital twitter: https://twitter.com/MinionCapital Shomick's twitter: https://twitter.com/shomikghosh21 Boldstart: https://www.boldstart.vc/

Packy McCormick from Not Boring (https://notboring.substack.com/) comes on to talk about the burgeoning Not Boring empire, his experience in angel investing, and his current investment into Opendoor (IPOB).

Bill Brewster discusses his investment into QRTEA. QRTEA is part of the John Malone / Liberty family and owns HSN and QVC. Currently, QRTEA is undergoing some financial engineering which has some people recalling the classic John Malone special situations discussed in You Can Be a Stock Market Genius (https://amzn.to/32ApFqv). Bill talks about why the market might be overlooking QRTEA and why he&a...