Spin‑offs Justified by Distinct Go‑to‑market Strategies
As an owner of a bunch of different companies (personally)... I'm appreciating different "go-to-market" strategies as a legit reason to separate a business via spin-off
AMPY Emerges Cash‑rich, Focused on Two Assets at 0.4x Book
Anyone following $AMPY? To summarize the last 12 months at this small-cap E&P... 1) Terminated merger 2) CEO replaced 3) Sold assets 4) Now have a net cash balance sheet, 5) Doubling down on remaining 2 assets (capex) 6) Trades at ~0.4x book value https://t.co/dkYRTB8sd7
GAAP Earnings Rare Gems in Adjusted-Number Market
The level of shock and awe at using adjusted numbers is surprising. I’m not endorsing adjusted earnings as a reliable valuation approach, but the entire market is priced this way. It’s the norm not the exception. Finding a good +...
Baird Doubles Price Target From $12 to $30
Crazy price target adjustment... from $12 to $30 anyone have access to this Baird report? https://t.co/ETwRItgDfx
CVEO Uses 75% FCF for Buybacks, Cuts Shares 28%
$CVEO Capital allocation policy = spend 75% of FCF on buybacks annually Shares outstanding down ~28% over past 3 years https://t.co/4sJtQ57Wij
STRZ Targets Early 20% EBITDA, Reduced Cash Spend
$STRZ Starting to see cash content spending coming down (big part of original thesis)... voluntarily terminated pay 2 window with universal, originals launching, etc. Expect to hit 20% EBITDA margin target a year early (2027 vs. 2028) and leverage target by yearend...
VDL April: Asset Play Guide and Key Stock Updates
April write-ups on VDL: 1) Guide to asset plays (SOTP, net-nets, liquidations, stub shares, etc.) 2) Nomad Foods $NOMD — management change 3) Gen Digital $GEN — beaten down 4) Middleby $MIDD — spin-off https://t.co/Qxe5wECpiD
Working Capital Defined: Sparking Debate on Its Nuances
Good definition of working capital. Will surely spark debate on subtle nuances of what WC represents
Bet on Likely Buyers, Not Just ETA/SMB Hype
Most people interested in ETA/SMB would be better off dropping a few bets on the searchers/buyers most likely to get it done. I’d love to back 5-10 of “myself” from 10yrs ago
VSNT Eyeing STRZ Despite Divergent Growth Forecasts
$STRZ Stock ripping lately... CEO incentive comp is old news (Nov 2025) Hmm... VSNT likely acquirer here... they want non-linear revenue streams and STRZ gets 70% of revenue from digital sell-side penciling ~3% EBITDA growth '26-28 for STRZ vs. 12% decline at VSNT https://t.co/kOTAwW2Pc3
CEO Leverages Claude AI to Explain Business Case, Margin Loan
$KPG.AX CEO uses Claude to lay out the case for the business and addresses personal margin loan situation Good stuff
Considering Selling $VSNT as It
Now that it's becoming socially acceptable to own $VSNT, I'll probably start selling my position Here's the Einhorn note on it https://t.co/aCz9NT3GB6
Investing Metrics Often Mislead: FCF & EV Errors
Second this... there's also periodic misinformation in these investing tools, especially with FCF and enterprise value calculations... leases, IFRS interest cash flows, capex/intangibles, other stuff
LEG Sale Undervalued
Super disappointed in $LEG sale outcome... shares are worth more than the $11-12 outcome... plus, LEG is inning #1 of capital allocation inflection https://t.co/VflyivPAAE
GEN Stands Out: 6.5x P/E, 12.5% EPS Growth
Cheapest software names based on forward P/E (market cap >$2bn) I'm a fan of $GEN on this list... 6.5x earnings with 12.5% estimated EPS growth next 3 years https://t.co/TPgzemEkVy