AlmostMongolian Annual Review+Portfolio Update Heartbeam Inc. – BEAT
Pitch Summary: Heartbeam Inc. has shown a return of 61% from its cost basis, driven by the FDA approval of its 12-lead equivalent, cable-free ECG device. The company’s focus on commercializing this life-saving technology positions it well for future growth. Despite challenges from short-sellers, Heartbeam’s innovative product and strong market potential make it a compelling […]
AlmostMongolian Annual Review+Portfolio Update Sintana Energy – SEI.V
Pitch Summary: Sintana Energy has been a challenging investment, with a return of -27% from its cost basis. The company’s performance has been impacted by a series of negative developments, including dry wells, oil price weakness, and disappointing farmouts. Despite these challenges, Sintana’s risk/reward profile remains strong, with potential catalysts on the horizon. The company’s […]
AlmostMongolian Annual Review+Portfolio Update Comstock Inc. – LODE
Pitch Summary: Comstock Inc. has shown a return of 31% from its cost basis, benefiting from a surge in silver prices. The company’s focus on monetizing its mining assets and improving the economics of its solar panel recycling business positions it well for future growth. With the successful commissioning of its facility and the potential […]
AlmostMongolian Annual Review+Portfolio Update Cerrado Gold – CERT.V
Pitch Summary: Cerrado Gold has delivered a return of 185% from its cost basis, driven largely by rising gold and silver prices. The company’s acquisition of Lagoa Salgada, despite causing dilution and adding risk, has not deterred its overall performance. Cerrado’s drilling program expansion and successful start of underground production are positive indicators of its […]
AlmostMongolian Annual Review+Portfolio Update Aduro Clean Technologies – ADURO.V
Pitch Summary: Aduro Clean Technologies has shown strong performance, with a return of 648% from its cost basis. The company is focused on building its pilot plant and has secured significant funding for its pilot and demonstration plants. Partnerships with Ecoce and Cleanfarms highlight its commitment to environmental sustainability. The company’s technology has been validated […]
AlmostMongolian Annual Review+Portfolio Update Hydreight Technologies – HYDT.V
Pitch Summary: Hydreight Technologies has shown remarkable growth, with a 126% return from its cost basis. The company has exceeded its guidance for 2025, achieving 1.3 million orders and significantly surpassing its licensee growth targets. Despite a lower average order value than expected, the company’s revenue increased by 94.4% from Q2 to Q3. Management’s decision […]
AlmostMongolian Annual Review+Portfolio Update Victory Square Technologies – VST.V
Pitch Summary: Victory Square Technologies (VST) has been a significant part of the AlmostMongolian Portfolio, with a strong performance in 2025. The company has shown impressive growth, with a return of 116% from its cost basis. The strategic decision to convert half of the Hydreight position to VST has paid off, as VST has outperformed […]
KLA – Quality Verdict on KLA Corporation vs Applied Materials.KLA Corporation – KLAC
Pitch Summary: KLA Corporation is a leader in the semiconductor inspection equipment industry, providing essential tools that ensure chip quality and production efficiency. The company has a strong moat with a Nabzdyk Ratings Moat score of 7.5/10, driven by its pricing power and high switching costs. Despite its strengths, KLA is currently overvalued with a […]
PolyPid : The Biotech That Broke My RulesPolyPid – PYPD
Pitch Summary: PolyPid has developed a proprietary PLEX technology, which is a lipid-polymer matrix enabling local, sustained drug delivery. Their lead product, D-PLEX100, has shown significant efficacy in reducing surgical site infections (SSIs) in a Phase 3 trial, achieving a 58% reduction in SSI rates. The company is on the verge of filing a New […]
Coupang (CPNG): Buying Opportunity?Coupang, Inc. – CPNG
Pitch Summary: Despite recent challenges, including a significant data breach affecting 33.7 million accounts and a substantial stock price decline, Coupang presents a compelling investment opportunity. The company’s current situation, marked by executive resignations and public backlash, has led to a 40% drop from its September highs. However, the underlying business model remains robust, with […]
Our Surprise No.3 Top Pick for 2025SurgePays – SURG
Pitch Summary: SurgePays is positioned as a high-risk, high-reward investment, with significant potential for growth through its diversified revenue streams. The company has transitioned from the Affordable Connectivity Program to the Lifeline program, rapidly scaling its subscriber base to over 125K by Q3 2025. SurgePays is leveraging its existing infrastructure to expand into new business […]
ToffCap’s Monday Monitor #84Herald Investment Trust – HRI.L
Pitch Summary: Herald Investment Trust plans to initiate a tender offer close to NAV, offering a potential 7% upside to the current price. The move is framed as providing exit liquidity at attractive prices, but it is primarily aimed at pricing out Saba, which holds approximately 25% of the trust. The tender offer is conditional […]
ToffCap’s Monday Monitor #84GetBusy Plc – GETB.L
Pitch Summary: GetBusy is a small UK software group with significant insider ownership, as management holds 30% of the company. The company plans to sell its SmartVault platform at a value significantly higher than the current market cap, with proceeds to be returned to shareholders. SmartVault is experiencing accelerating growth, driven by major software sunsets. […]
ToffCap’s Monday Monitor #84Bluefield Solar Income Fund – BSIF.L
Pitch Summary: Bluefield Solar Income Fund is trading at a significant discount to its net asset value (NAV), approximately 40%, despite offering a fully covered 13% dividend yield. The fund’s portfolio includes over 800MW of UK solar and wind assets. There is a strong possibility of selling assets above NAV, providing potential upside. Additionally, there […]
ToffCap’s Monday Monitor #84Jollibee Foods Corporation – JFC.PH
Pitch Summary: Jollibee Foods is planning to spin off and list its international business in the US by late 2027. This strategic move aims to accelerate global expansion and access deeper capital markets. The spin-off could enhance visibility, allowing investors to separately value the stable Philippine operations and the higher-risk international portfolio. The international operations, […]
ContextLogic Inc – LOGC
Pitch Summary: ContextLogic Inc has transitioned from an e-commerce platform to a capital allocation vehicle, leveraging its significant net operating losses (NOLs) for tax efficiency. The company has acquired US Salt, a high-margin, cash-generative business with competitive advantages in the salt production industry. This acquisition serves as an anchor asset for ContextLogic’s strategy to build […]
Panasonic Holdings Corporation – 6752.T
Pitch Summary: Panasonic faces significant risks due to its heavy reliance on Tesla’s US operations, which have been a major profit driver. The company’s recent expansion of its 4680 battery line in Japan has not yielded expected results, and the opening of a new Kansas battery cell plant further increases its exposure. With Tesla’s US […]
Tesla Inc – TSLA
Pitch Summary: Tesla’s recent move to release its Q4 delivery consensus publicly for the first time suggests a level of desperation to meet or exceed expectations. The company’s self-reported consensus of 422,850 deliveries is higher than some estimates but lower than others, indicating potential challenges in meeting higher market expectations. Additionally, the anticipated 16% drop […]
Orders & awards monitor – week 2Castellum Inc – CTM
Pitch Summary: Castellum Inc’s subsidiary, Specialty Services, Inc., secured a $49.8 million recompete contract for Software Support Activities with the Naval Air Warfare Center Aircraft Division. With a $100 million market cap and solid business momentum, Castellum is gaining traction in the defense sector, particularly with the Missile Defense Agency and other U.S. defense entities. […]
Orders & awards monitor – week 2National Presto Industries – NPK
Pitch Summary: National Presto Industries’ subsidiary, AMTEC Corporation, received a significant delivery order for 40mm cartridges valued at $139.3 million under a five-year IDIQ contract with the U.S. Army. This order comes amid strong demand for ammunition due to depleted U.S. stocks, driven by the ongoing Ukraine conflict. The company’s stock has performed well following […]
