SRK Capital – NNUP
Bull thesis on Nocopi Technologies Inc. from SRK Capital
Moerus Capital Management – NATU3.SA
Bull thesis on Natura Cosméticos from Moerus Capital Management
Sandon Capital MFG.AX
Bull thesis on Magellan Financial Group Ltd from Sandon Capital
Cove Street Capital Small Cap Value Fund AMSWA
Bull thesis on American Software Inc from Cove Street Capital Small Cap Value Fund
Sandon Capital – MFG.AX
Bull thesis on Magellan Financial Group Ltd from Sandon Capital
Sandon Capital MFG.AX
Bull thesis on Magellan Financial Group Ltd from Sandon Capital
GreenWood Investors MEIP
Bull thesis on MEI Pharma Inc from GreenWood Investors
The Patient Floor – Forbo Holding AGForbo Holding AG – FORN.SW
Pitch Summary: Forbo Holding AG has experienced a significant decline in stock price, approximately 65% from its peak in August 2021, due to a combination of revenue contraction over three years and currency appreciation. Despite these challenges, the company remains financially robust with a debt-free balance sheet, a net cash position of CHF 109.1 million, […]
Minotaur Global Opportunities Fund GTLB
Bull thesis on GitLab Inc. from Minotaur Global Opportunities Fund
Longleaf Partners International Fund DHER
Bull thesis on Delivery Hero SE from Longleaf Partners International Fund
Aristotle Atlantic Core Equity Strategy NSC
Bear thesis on Norfolk Southern from Aristotle Atlantic Core Equity Strategy
Turtle Creek GIL.TO
Bull thesis on Gildan Activewear Inc. from Turtle Creek
180 Degree Capital Corp AREN
Bear thesis on The Arena Group Holdings, Inc. from 180 Degree Capital Corp
Van Der Mandele Arar Fund NMM
Bull thesis on Navios Maritime Partners LP from Van Der Mandele Arar Fund
Cove Street Capital Small Cap Value Fund LGTY
Bull thesis on Logility Inc. from Cove Street Capital Small Cap Value Fund
Especial 3 Años de Attitude Small Caps: Rentabilidad, Aprendizajes y el Futuro del FondoTime Watch Investments Limited – TWI
Pitch Summary: Time Watch Investments faced challenges due to weak consumer demand and management’s lack of focus on minority shareholders. Despite these issues, the stock trades at a significant discount to its book value and holds substantial cash reserves, presenting a potential opportunity if conditions improve. BSD Analysis: The investment in Time Watch Investments reflects […]
TMM #83, and an important messageMyomo – MYO
Pitch Summary: Myomo has seen Horton Capital disclose a 5% stake, seeking to declassify the board. The company’s share price suffered in 2025 due to multiple derating, but operationally, it is growing organically at a nice pace. With strong gross margins, Myomo has significant operating leverage potential, and insider buying suggests confidence in the company’s […]
TMM #83, and an important messageWhitestone REIT – WSR
Pitch Summary: Whitestone REIT is facing its first proxy fight, with Emmett IM seeking board changes over capital allocation decisions and governance. The company rejected a $15 per share offer in the recent past, and Pillerstone is adding to the pressure, calling for a brand new board and pushing for a full sale or liquidation […]
GTLB After Earnings: Slower Growth, Bigger Strategic BetGitLab Inc. – GTLB
Pitch Summary: GitLab Inc. is positioning itself as a key player in the AI-driven software development landscape by focusing on governance and compliance rather than just code generation. The company’s platform facilitates the entire lifecycle of code, from testing and security scanning to deployment, which becomes increasingly important as AI tools generate more code. Despite […]
SouthernSun Small Cap 2025 Q4 (TKR)
Pitch Summary: Timken Company (TKR) After a long and successful investment in TKR, we decided to exit our position in favor of more attractive opportunities. Despite still believing TKR has strong and durable brands in industrial bearings, we don’t expect the company’s strategy of redeploying capital into acquiring industrial motion businesses to create material value […]
