Paying 20x FCF for This Compounder? I’ll Take That Trade Any Day.Uber Technologies, Inc. – UBER
Pitch Summary: Uber is a dominant player in the ride-hailing and delivery industry, with a strong network effect and expanding profitability. Despite market fears about robotaxis disrupting its business model, Uber is well-positioned to benefit from autonomous vehicle integration by partnering with AV developers. The company’s robust growth in user base, trips, and financial metrics, […]
ALGOMA STEEL (ASTL)Algoma Steel – ASTL
Pitch Summary: Algoma Steel is a leveraged bet on the potential reversal of Trump-era tariffs by the Supreme Court. If tariffs are invalidated, the company stands to regain profitable U.S. exports and benefit from Canadian infrastructure demand, potentially doubling its stock price. BSD Analysis: Algoma Steel’s current valuation reflects a market expectation of permanent tariffs, […]
Weight Watchers Q3 Earnings Review & UpdatesWW International – WW
Pitch Summary: WW International is uniquely positioned to capitalize on the growing demand for GLP-1 medications, which are transforming the weight management industry. The company has successfully navigated the transition away from compounded semaglutide and is poised for growth with its clinical subscribers expected to rebound. With a market cap of $336 million, WW trades […]
Alone on the BidNone – WSTL
Pitch Summary: WSTL was trading for less than its net cash, perceived as a ‘value trap’ with breakeven operations, but had potential for strong returns. BSD Analysis: WSTL, an electronic communications manufacturer, was trading for less than its net cash about a year ago, perceived as a ‘value trap’ due to breakeven operations and constant […]
Alone on the BidNone – MCCK
Pitch Summary: MCCK was trading at 55% of its heavily depreciated book value and 78% of net current asset value, making it an attractive investment. BSD Analysis: MCCK, an HVAC manufacturer, saw its price fall to $20 in June 2023, representing 55% of its heavily depreciated book value and 78% of net current asset value. […]
Alone on the BidNone – MCRAA
Pitch Summary: MCRAA was trading below liquidation value and at less than 5x normalized EBIT, making it an undervalued opportunity. BSD Analysis: MCRAA, a boot manufacturer, was considered a perennial ‘value stock’ with a price drop to $18/share in July 2020 due to COVID and poor operating results. Despite its boring nature and cash-hoarding management, […]
[Update] Shift4 (FOUR): Still Way Too CheapShift4 Payments, Inc. – FOUR
Pitch Summary: Shift4 Payments is deeply undervalued, evidenced by its strong operational performance and a new $1 billion buyback authorization. The company reported significant growth in payment volume, gross profit, and adjusted EBITDA, indicating robust financial health and management confidence. BSD Analysis: Shift4 Payments demonstrated exceptional financial performance this quarter, with a 26% increase in […]
IP Group – InvestmentcaseOxford Nanopore Technologies – ONT.L
Pitch Summary: Oxford Nanopore Technologies is poised to capitalize on the rapidly growing genomics market with its innovative, flexible sequencing platform that serves a wide range of applications from research to diagnostics. BSD Analysis: Oxford Nanopore’s technology is particularly attractive for biopharmaceutical applications, enabling faster development of new drugs. Despite current losses due to heavy […]
Portfolio Shuffle 2025Jose Cuervo – CUERVO.MX
Pitch Summary: The investor’s recent purchase of Jose Cuervo shares indicates a bullish stance on the company’s growth prospects in the spirits industry. BSD Analysis: Jose Cuervo’s iconic brand and extensive distribution network make it a leader in the tequila market. The company’s focus on product innovation and market expansion supports its growth strategy. While […]
Portfolio Shuffle 2025Pernod Ricard SA – RI.PA
Pitch Summary: The investor recently invested in Pernod Ricard, reflecting a positive outlook on the company’s position in the global spirits market. BSD Analysis: Pernod Ricard’s strong brand portfolio and global distribution network position it well to capitalize on the growing demand for premium spirits. The company’s focus on innovation and sustainability enhances its competitive […]
Portfolio Shuffle 2025LVMH Moët Hennessy Louis Vuitton – MC.PA
Pitch Summary: The investor acquired LVMH shares at €495, indicating a strong belief in the company’s leadership in the luxury goods sector. BSD Analysis: LVMH’s extensive portfolio of prestigious brands and its global reach make it a dominant force in the luxury industry. The company’s ability to maintain brand exclusivity and appeal to high-end consumers […]
Portfolio Shuffle 2025Alphabet Inc. – GOOGL
Pitch Summary: The investor purchased Google shares when they were trading at $150, reflecting a positive outlook on the company’s future performance. BSD Analysis: Alphabet’s dominance in the digital advertising space, coupled with its diverse portfolio of technology products, positions it as a formidable player in the tech industry. The company’s continuous investment in innovation […]
Portfolio Shuffle 2025Bombardier Inc. – BBD-B.TO
Pitch Summary: The investor made significant purchases in Bombardier in the first half of 2025, indicating a bullish stance on the company. BSD Analysis: Bombardier has been a key player in the aerospace industry, with a strong focus on innovation and quality. The company’s strategic moves and product offerings position it well to capitalize on […]
Booking Holdings – A World-Class Compounder Trading at a Value PriceBooking Holdings Inc. – BKNG
Pitch Summary: Booking Holdings is a dominant player in the travel industry with a strong competitive moat driven by scale, network effects, and brand power. The company continues to outgrow its peers, improve profitability, and gain market share globally. It has demonstrated robust financial performance with consistent revenue growth, expanding EBITDA margins, and significant free […]
Accelerate, accelerate, accelerateEntravision – EVC
Pitch Summary: Entravision’s recent financial results, particularly in its AdTech segment, demonstrate significant growth potential, with a 104% increase in revenue and a 378% increase in EBIT. Despite losing its Meta business and undergoing several divestitures, the company’s underlying cash flow potential is strong, and the market is undervaluing its current and future prospects. BSD […]
95.Ashtead Group Ashtead Group Plc – AHT.L
Pitch Summary: Ashtead Group Plc is strategically expanding its presence in the US, the largest contributor to its revenue, by opening new branches and investing in its fleet to support major infrastructure projects. The company is enhancing its digital platform and committing to sustainability by investing in electric and hybrid equipment. BSD Analysis: Ashtead’s focus […]
Two Chinese Stocks where the Sum of the Parts (SOTP) is Greater Than the WholeCapital Information Company Limited – 1075.HK
Pitch Summary: Capital Information Company Limited is undervalued, with its stake in Digital Authentication worth three times its market cap. The company is profitable, with a strong cash position and no debt, making it a compelling investment. BSD Analysis: CAPINFO’s 26.24% stake in Digital Authentication is valued at $346 million, significantly higher than its market […]
Two Chinese Stocks where the Sum of the Parts (SOTP) is Greater Than the WholeXunlei Limited – XNET
Pitch Summary: Xunlei Limited is significantly undervalued, with its stake in Arashi Vision alone worth nearly double its market capitalization. The core business is profitable and growing, with a strong cash position and no significant debt. BSD Analysis: Xunlei’s investment in Arashi Vision, valued at $1.3 billion, highlights a substantial mispricing in the market, given […]
Republic Services – they empty your bins!Republic Services – RSG
Pitch Summary: Republic Services is a stable waste management company with monopolistic traits such as barriers to entry and network effects. However, its revenue growth is slowing, and the current valuation does not offer a margin of safety. BSD Analysis: Republic Services operates in a ‘boring’ but essential industry, providing waste and recycling services. The […]
Take the Money and Run: Tesla Faces Losses as Musk Faces a $1 Trillion Pay PackageTesla, Inc. – TSLA
Pitch Summary: Tesla’s stock is overvalued due to speculative buying driven by call options and a proposed pay package for Elon Musk, despite weakening earnings and significant regulatory risks. BSD Analysis: Tesla’s recent stock price surge is not supported by its financial performance, as evidenced by a decline in earnings despite record-high deliveries. The expiration […]
