Chagee Holdings Limited (CHA) – Gab
Pitch Summary: @GabGrowth shares a free deep-dive on Chagee (CHA), a China-origin tea chain that recently went public in the U.S. The post frames the work as a disciplined reassessment: despite liking the product and founder, the author chose not to invest after deeper diligence. Since the original work in mid-2025, the stock has fallen […]
Alibaba Group Holding Limited (BABA) – Compounding Girl
Pitch Summary: @Investors___X frames Ant Group as a world-scale fintech platform that public investors still can’t buy directly, and argues that disconnect creates hidden optionality inside Alibaba. The post emphasizes Ant as a broad financial ecosystem—payments as the distribution rail with higher-value layers in lending, wealth, insurance, and enterprise risk infrastructure. The proposed catalyst is […]
The Oak Bloke 2025 Q4 (TMT LN)
Pitch Summary: TMT delivered a positive NAV return in its results to 30/06/25 up from $205m to $213m. Yet you can buy it for $83.8m. As I covered in “Oh So Juicy” its major holding Bolt.EU is undervalued compared with Uber. By my own estimates buying TMT you are buying Bolt.EU for about 15X less […]
EquipmentShare.com Inc.
Pitch Summary: EquipmentShare.com has shown impressive growth, with revenues rising significantly over recent years. However, despite the strong topline growth, the company struggles with slim operating margins and high interest expenses, resulting in no realistic earnings. The company’s enterprise valuation is high, trading at 2.5 times sales, but much of these sales are tied to […]
Coreweave (CRWV) – Jared L Kubin
Pitch Summary: The author analyzes $CRWV as a textbook setup for an extreme short squeeze driven by structural factors rather than fundamentals. Only ~8% of the company’s full diluted share count floats freely, with most shares locked up by insiders and strategic holders. This creates a supply starvation effect compounded by green-shoe restrictions and insider […]
Tiptree Inc. (TIPT) – Dalius – Special Sits
Pitch Summary: The author argues that Tiptree may finally be close to monetizing Fortegra after years of delays and two failed IPO attempts. DB Insurance has entered formal negotiations, informed regulators, and raised capital likely intended for a deal. Fortegra’s strong underwriting performance and 30% ROAE make it a premium asset. A sale at 15× […]
BASF SE (BAS.DE) – skewangles
Pitch Summary: BASF is presented as a classic diversified chemical conglomerate built around the Verbund model, where integrated assets confer scale and cost advantages across six segments from basic chemicals to agricultural solutions. The author highlights the tension between attractive, brand- and IP-heavy ag-chem and the capital-intensive, cyclical basic chemicals that investors are forced to […]
Honeywell International Inc.
Pitch Summary: Honeywell International Inc. is planning to spin off its quantum computing division, Quantinuum, through an IPO. This move is part of Honeywell’s broader strategy to separate into smaller, more focused entities, potentially unlocking significant value for shareholders. The IPO of Quantinuum is expected to crystallize the value of Honeywell’s 54% stake in the […]
THE GFC DISTRESSED PREFERRED STOCK OPPORTUNITY (FNMAT & MORE)Fannie Mae – FNMAT
Pitch Summary: The investment thesis centers on the potential exit of Fannie Mae from conservatorship, driven by the Trump administration’s push for privatization. The preferred stocks, particularly the Fannie Mae Series T (FNMAT), trade at a significant discount to par value due to the lack of dividends since 2008. However, with the administration’s plans to […]
RLH Capital 2025 Q2 (AIRO)
Pitch Summary: RLH was introduced to Airo Group in early 2024 as the company was pursuing a SPAC transaction. Both the SPAC and Airo were actively seeking capital. We were impressed by Airo’s fundamentals — the company was EBITDA-positive, operating in a highly thematic sector (military-grade drones), and led by a capable management team. After […]
The Gabelli International Small Cap Fund 2025 Q2 (TCAP LN)
Pitch Summary: TP ICAP Group plc (1.1% of net assets as of June 30, 2025) (TCAP – €2.73/$3.74 – LSE), headquartered in London, is one of the world’s largest interdealer brokers, facilitating trades in financial and commodity markets globally. The firm’s core Global Broking business has benefited from elevated interest rate and FX volatility, while […]
A Royalty on Market Madness Miami International Holdings – MIAX
Pitch Summary: Miami International Holdings (MIAX) is positioned as a compelling investment in the securities exchange sector, particularly due to its focus on derivatives. The company has demonstrated impressive growth in market share within the U.S. multi-listed options market, capturing 17.2% as of Q3 2025. MIAX’s business model benefits from high operating leverage, with significant […]
Are You A European Company With An Indian Subsidiary? IPO It!*Koninklijke Vopak N.V. – VPK.AS
Pitch Summary: Vopak is a leading liquid storage company with a rich history and a critical role in global supply chains. Despite concerns over fossil fuel demand, Vopak is pivoting towards natural gas and low-carbon fuels, securing long-term contracts with inflation-linked pricing. The company’s strategic joint venture, Aegis Vopak Terminals, recently IPO’d, adding significant value […]
Are You A European Company With An Indian Subsidiary? IPO It!*SSP Group Plc – SSPG.L
Pitch Summary: SSP Group has faced challenges with its business model, characterized by thin margins and high capital intensity. However, the company has a valuable asset in its Indian subsidiary, Travel Food Services Limited, which it increased its stake in before its IPO. This subsidiary represents a significant portion of SSP’s market capitalization. While SSP […]
Are You A European Company With An Indian Subsidiary? IPO It!*Fabbrica Italiana Lapis ed Affini – FILA.MI
Pitch Summary: FILA has a significant stake in its Indian subsidiary, DOMS Industries Limited, which it IPO’d in 2023. The DOMS stake is valued at 57% of FILA’s enterprise value, making FILA’s core operations appear undervalued. However, FILA’s history of acquisitions is uninspiring, and the company is unlikely to monetize its DOMS stake soon due […]
Riverwater Micro Opportunities Strategy 2025 Q3 (AVBC)
Pitch Summary: Avidia Bancorp (AVBC) recently completed its mutual-to-stock IPO at 58% of tangible book value, positioning it as a deep-value play in a stable Northeastern market. The bank operates 10 branches with $2.9 billion in assets and a growing merchant services platform serving over 17,000 small businesses. Insider ownership exceeds 25%, and management projects […]
Baron Asset Fund (STUB)
Pitch Summary: StubHub Holdings, Inc., the leading marketplace for the resale of live event tickets, detracted from performance following its September IPO. The company has been investing heavily both to expand its market share and to develop its capabilities to sell tickets in the primary market – tickets sold directly by sports teams to fans. […]
Brown Advisors Mid-Cap Growth strategy 2025 Q3 (NTSK)
Pitch Summary: We participated in NetSkope’s (NTSK) IPO. A technology leader in cloud network security, NetSkope’s novel architecture enables stronger protection and faster performance—critical as cyber threats escalate. With a large legacy replacement opportunity ahead, we see durable growth over the next three to five years. Its advanced data inspection capabilities also position it well […]
WhiteFiber, Inc.
Pitch Summary: WhiteFiber’s stock is not appealing due to its stretched valuations relative to tangible assets, reliance on debt financing, and dependence on continued AI demand. The company’s opaque shareholder structure, with its former parent Bit Digital holding a majority stake, adds to the risk. Despite the AI industry’s growth potential, WhiteFiber’s heavy losses, high […]
Fannie Mae Preferred (Federal National Mortgage Association) (FNMAS)
Pitch Summary: The Fannie Mae preferred shares (FNMAS) present a compelling, derisked opportunity ahead of the GSE’s long-awaited release from 17 years of government conservatorship, with the prospect of dividend reinstatement and nearly 100% upside to par value. BSD Analysis: Fannie Mae preferreds (FNMAS) offer an attractive risk/reward profile as both political and financial conditions […]
