A Primer on EvolvEvolv Technologies Holdings, Inc. – EVLV
Pitch Summary: Evolv Technologies is positioned as a leader in AI-powered security screening, offering solutions that significantly enhance throughput and reduce the need for security staff. Their flagship product, Evolv Express, is capable of screening large volumes of people quickly and efficiently, making it ideal for big venues. The company’s business model, Security-as-a-Service, integrates hardware, […]
L’Oréal S.A. – A Beauty Empire Built to Compound for DecadesL’Oréal S.A. – OR.PA
Pitch Summary: L’Oréal is a dominant player in the beauty industry, benefiting from stable demand, pricing power, and demographic trends. The company has a diversified portfolio across all beauty product categories, allowing it to capture growth across different price points and geographies. Its scale provides significant competitive advantages in brand investment, R&D, and marketing, enabling […]
Booking Holdings – Is it a Buy at 15x Earnings Amid the Threat of AI Disruption? Booking Holdings Inc. – BKNG
Pitch Summary: Booking Holdings has demonstrated strong financial performance, with impressive growth in room nights and revenue, despite market volatility and fears of AI disruption. The company continues to expand its market share, particularly in Asia and Europe, and maintains a robust loyalty program that enhances customer retention. The recent sell-off in Booking’s stock presents […]
MercadoLibre – The Market Is Wrong, and the Numbers Prove ItMercadoLibre, Inc. – MELI
Pitch Summary: MercadoLibre stands out as a compelling investment due to its limited exposure to U.S. trade flows and its strong position in Latin America’s digitalization trend. The company is not threatened by AI disruptions; instead, it uses AI to enhance its operations in logistics, ad targeting, and credit underwriting. MercadoLibre’s fundamentals are robust, with […]
The eBay Thesis is Compelling – Yes, eBay. Hear Me Out.eBay Inc. – EBAY
Pitch Summary: eBay has transformed from a broad online marketplace into a specialized platform focusing on high-margin categories like collectibles, refurbished electronics, and luxury items. This strategic shift has led to improved profitability and stability, as the company now monetizes through services layered on transactions rather than expanding volume. Despite being valued as a declining […]
Broadcom – The Setup for the Next Three Years Is Extraordinary, Especially at a 0.9x PEG.Broadcom Inc. – AVGO
Pitch Summary: Broadcom is strategically positioned at the heart of the AI revolution, securing multi-year contracts with major technology firms for custom AI silicon. The company holds over 60% market share in this niche, providing tailored solutions that optimize efficiency and reduce costs for hyperscalers like Google and Meta. Broadcom’s Q1 results exceeded expectations, driven […]
This is the Best Industrial Stock You Might Have Never Heard Of (A Deep Dive)Schneider Electric – SU.PA
Pitch Summary: Schneider Electric is positioned at the intersection of electrification, AI infrastructure buildout, and industrial automation, making it a key player in the global economy’s structural trends. Despite its significant market cap and revenue, it remains underappreciated compared to more glamorous tech names. Schneider’s strength lies in its dominant market positions in low- and […]
Who Am I?….Episode 8 / Sanofi (SAN)Sanofi – SAN
Pitch Summary: Sanofi, a major player in the healthcare sector, is currently undervalued with a market cap exceeding $100 billion and a robust financial profile. Despite recent downgrades by analysts due to concerns about its long-term growth trajectory, Sanofi’s short to medium-term outlook remains strong. The company has a history of consistent dividend growth and […]
Pattern Recognition: Entravision (EVC) & Applovin (APP)Entravision – EVC
Pitch Summary: Entravision (EVC) is positioned as a high-growth adtech company, with its adtech division showing significant revenue and margin expansion. The company is drawing parallels to Applovin’s past success, with a strong focus on AI model improvements and US market penetration. EVC’s adtech segment has demonstrated robust growth, with a 90% increase in 2025, […]
Voss Capital Q4 2025 Quarterly LetterChoice Hotels – CHH
Pitch Summary: Choice Hotels is currently trading at a distressed multiple due to cyclical headwinds, but the company’s fundamentals remain strong. With a focus on high-margin, asset-light operations, Choice Hotels is actively shifting its portfolio towards higher revenue segments like extended stay and international markets. The company’s strategic initiatives, including the development of new brands […]
Voss Capital Q4 2025 Quarterly LetterFlywire – FLYW
Pitch Summary: Flywire has developed a strong moat in the payments industry by integrating deeply into core workflows of high-value verticals such as healthcare, education, and travel. The company’s global payment capabilities, built through localized banking relationships, create significant switching costs for clients. With over 80% of revenue derived from processing fees, Flywire’s business model […]
Voss Capital Q4 2025 Quarterly LetterCellebrite – CLBT
Pitch Summary: Cellebrite has established a strong position in digital forensics, with its solutions becoming synonymous with device data extraction. The company’s defensible moat is built on its extensive exploit library and hardware capabilities, which are crucial for unlocking and extracting data from a wide range of devices. Cellebrite’s reputation and institutional trust have been […]
Voss Capital Q4 2025 Quarterly LetterPAR Technology – PAR
Pitch Summary: PAR Technology has carved out a niche in the competitive restaurant POS market, consistently securing contracts with Tier-1 restaurant chains like Papa John’s. Despite facing over 6,000 global competitors, PAR’s ability to win mandates highlights its strong market position. The company’s recent deal with Papa John’s, which chose PAR over its in-house software, […]
N&I #73; I See, I See, What You Can’t SeeClearPoint Neuro, Inc. – CLPT
Pitch Summary: ClearPoint Neuro is positioned as a critical player in the delivery of therapies for neurological diseases. The company’s technology is essential for the precise delivery of treatments, such as the FDA-approved Upstaza for AADC deficiency. Recent clinical success with uniQure’s AMT-130 program for Huntington’s Disease highlights ClearPoint’s potential. Despite a recent share price […]
N&I #73; I See, I See, What You Can’t SeeHerbalife Nutrition Ltd. – HLF
Pitch Summary: Herbalife has been facing challenges since the end of the COVID-19 pandemic, but there are signs that these headwinds are subsiding. The stock was trading below $10, with earnings per share between $2 and $3, presenting a potential bargain. Recent developments, including a revenue beat and progress in debt reduction, suggest that the […]
Bitcoin Vs GoldBitcoin – BTC-USD
Pitch Summary: Bitcoin is positioned as a superior asset compared to gold due to its absolute scarcity, divisibility, security, and potential for yield generation. With a fixed supply cap of 21 million coins, Bitcoin is scarcer than gold, which has an uncertain final supply. Its divisibility into 100 million satoshis allows for microtransactions, unlike gold, […]
Deep Value RoundupAcacia Research Corporation – ACTG
Pitch Summary: Acacia Research Corporation is a shareholder-focused investment company with a diversified portfolio of cash flow-generating businesses. The company’s Deflecto and Printronix segments provide stable revenue streams, contributing to its overall financial health. Acacia’s value-oriented management approach and focus on non-cyclical businesses position it well for sustainable growth. The company’s market cap, still just […]
Deep Value RoundupAmerican Outdoor Brands – AOUT
Pitch Summary: American Outdoor Brands, a spin-off from Smith & Wesson, leverages its strong brand portfolio and international growth potential. The company’s focus on durable brands and solid management practices, including stock buybacks, supports its long-term growth strategy. International sales, although currently a small percentage of revenue, have shown double-digit growth, indicating significant expansion opportunities. […]
Deep Value RoundupPlug Power – PLUG
Pitch Summary: Plug Power is a leader in the hydrogen fuel cell industry, with a strong focus on green hydrogen production. The company’s electrolyzers, which convert solar electricity into hydrogen, provide a significant competitive advantage. Plug Power’s H2 Hollandia project exemplifies its innovative approach to integrating renewable energy with hydrogen production. The company’s ongoing discussions […]
Deep Value RoundupFuelCell Energy – FCEL
Pitch Summary: FuelCell Energy is poised for significant growth due to its involvement in the expanding fuel cell market. The company is in discussions with hyperscalers, benefiting from increased awareness of fuel cell technology’s potential in data centers. FuelCell’s strategic positioning in the energy sector, particularly in providing alternative energy solutions, aligns with the growing […]
