Ignore Market Noise; Let Solid Investments Compound
Larry Goldstein of Santa Monica Partners, who compounded at 16% for 40 years (!) would often say: ‘I know nothing about the stock market.’ - The news of the day typically becomes irrelevant over a long enough time period - Don’t focus on macro or market timing - Just find good investments, and when you do, step back and let them do their thing
KITS Poised for $500M Revenue, 3‑year Upside
$KITS is currently being offered at bargain prices. I think today will prove to be a massive buying opportunity looking out 2-3 years. I think KITS can reach $500M in revenues, or close to it, by 2030-2031. EBITDA margins should...
Greystone Says GFL Offer Undervalues SECURE, Hurts Shareholders
Greystone recently sent the attached letter to the Board and Special Committee of SECURE Waste Infrastructure Corp. $SES.TO opposing the proposed acquisition by GFL Environmental $GFL. We believe the current offer materially undervalues SECURE, arrives at the wrong point in...
Promising 3‑5 Year Opportunities in RDCM, RELY, DRVN
New post: sharing some ideas with attractive 3-5 year outlooks. Lots of interesting opportunities in the current environment. I talk a little about $RDCM, $RELY, $DRVN and a few more. https://t.co/jqC1Yqe8S7
MCCK’s Undervaluation Proved Right, Shares Jump to $71
Wrote this about $MCCK last July: "Mestek reported their Q1 results last week. Cash, and investments were $280 million as of March 31 which equates to $37/share. Shares currently trade at $43.00/share and Mestek has just $8mm of debt. Wild. I obviously...
Q1 Letter Highlights Investing Strategies, Secure & GFL Deal
The Greystone Capital Q1 letter is now available on the site. I talk a bit about investing in this environment and discuss Secure $SES.TO and the $GFL deal. https://t.co/W0P94HAyOL
Luxury Brands Exploit Status by Overpricing Simple Objects
I have a theory that most luxury brands are actually trolling customers just to see what they can get away with. $7,000 dollars for a flask. 'How much status value can we wrap around a fundamentally ordinary object?' No shot this cost...
Price Drives Narrative, Not Just Reflects Reality
I wrote something internally awhile back about reflexivity, given what's taking place in software. Everyone knows the idea, price doesn't just reflect perception, it can shape it. When a stock is working, the questions / work is much more optimistic....
Duolingo Stock Mispriced, 132% Upside Target
New post: a detailed research report and writeup on Duolingo. We believe $DUOL is mispriced and offers asymmetric risk/reward from today's price. Our base case is around $210/share, or 132% upside. https://t.co/EWAe0WXpFI
Deal Undervalues Secure, Shareholders Lose Billions
If this deal goes through as written, it's an incredibly disappointing outcome for $SES.TO shareholders. Our base case was C$34/share using conservative assumptions. Instead, shareholders are being asked to sell a scarce, high-quality waste infrastructure asset for C$24.75/share, mostly in GFL...