Institutional ticker directory tracking stock mentions, long/short ideas, and high-conviction pitches extracted from quarterly hedge fund letters.
| Ticker | Company | Sector | Industry | Pitches | Stance |
|---|---|---|---|---|---|
| Fund / Manager | Thesis Excerpt | Stance | Period / Date | Action |
|---|---|---|---|---|
DKAM Donville Kent Asset Management Jason & Jesse | “Zedcor's Canadian business remains highly profitable and continues to grow, while the US business is scaling rapidly with revenue growth exceeding 300% year over year. As the US segment reaches critical mass, margins are expected to converge toward Canadian levels. Head office costs should remain relatively fixed, leading to disproportionate growth in net income. The market is misinterpreting depreciation expense relative to true economic maintenance costs, understating cash earnings. We expect at least 87% revenue growth and 94% earnings growth in 2026, with a TSX uplisting acting as an additional catalyst. BSD Analysis: Zedcor sells mobile surveillance and security services—an unglamorous business with real demand in construction, energy, and infrastructure sites. The moat is operational footprint and responsiveness, not technology wizardry. Concentration risk comes from project-based customers and cyclical end markets. Pricing power is limited unless service reliability is demonstrably superior. The model can scale regionally, but labor and utilization determine profitability. The bull case is steady site security demand and improved fleet utilization. The bear case is commoditization and cost inflation eroding margins. Zedcor is an execution business with recurring-ish characteristics. It wins when operations are tight and growth isn't chased recklessly.” | BULL | Q4 2025 Dec 1, 2025 | View Pitch |
Each excerpt above is the manager's commentary on this ticker specifically. The full letter has the rest of their portfolio thinking, risk discussion, and broader institutional context.