InfoVine has an EV of -75B. In other words, Mr. Market's offering this market-leading, durable, sticky business for less than free. At the same time, the company trades less than 5x earnings, generating significant cash-flow. INFOvine.co.,Ltd. operates in the mobile, security, gaming, and entertainment fields. The company offers UBIKey, a mobile phone certificate storage service; … Continue reading InfoVine (115310): Leading Business With Durable Competitive Advantages Trading Less Than Cash & 5x Earnings
Category: Investment Hypotheses
SMTPC: Toll Operator Trading at a 15% FCF Yield w/ Sketchy Terminal Value
SMTPC operates the Prado-Carenage motor vehicle toll tunnel and Tunnel Rege in Marseille. It offers financing, construction, operation and maintenance of facilities within the tunnels. Company was founded on February 2, 1989. SMTPC trades at 10x earnings and 2.4x EBITDA. The company has zero debt, 50% pre-tax margins and generates 18.5% ROIC. The company hasn't … Continue reading SMTPC: Toll Operator Trading at a 15% FCF Yield w/ Sketchy Terminal Value
A Cheap, Illiquid South African Timber Company At Basement Prices (YRK)
This post is inspired by Rudi van Niekerk. Rudi runs Desert Lion Capital, an investment partnership dedicated to South African stocks. Scott Miller (of Greenhaven Road Capital) and Chuck Royce seeded Rudi's fund. Desert Lion gives US investors a chance to capitalize on the many price dislocations within the region. After reading some of Rudi's … Continue reading A Cheap, Illiquid South African Timber Company At Basement Prices (YRK)
Butler National Corp (BUKS): Two Good Businesses & Lots of Hair
Butler National Corp (BUKS) is a micro-cap company ($25M market cap) operating two very different businesses: Aerospace / Avionics and Casino Gaming Management. Both businesses generate healthy cashflows and shares are currently trading less than 6x next years earnings. Furthermore, we believe current share prices offer investors a chance to buy the Aerospace business for 10x 2019 … Continue reading Butler National Corp (BUKS): Two Good Businesses & Lots of Hair
Corteva (CTVA): Valuing The Seed & Crop Protector As It Rings The Bell
Corteva, Inc. (CTVA) is a leader in global seed and crop protection products. The company provides farmers with the right mix of seeds, crop protection and digital solutions to maximize yields and increase profitability. Their mission is to ensure an abundant food supply for the growing global population. Corteva is going public on Monday, June … Continue reading Corteva (CTVA): Valuing The Seed & Crop Protector As It Rings The Bell
Ammo, Inc. (POWW): A Little Firepower to Your Portfolio
America is known for apple pie, baseball and guns (to name a few). Starting at the A's in my list of OTC stocks I stumbled upon Ammo, Inc. (POWW). The company produces high performance, precision ammunition for rifles and handguns. The stock is tiny ($100M market cap) and very illiquid (trading volume averages less than 5,000 shares … Continue reading Ammo, Inc. (POWW): A Little Firepower to Your Portfolio
Target Hospitality (TH): Leader in Vertically Integrated Specialty Accommodations
Target Hospitality is the largest vertically integrated specialty rental and hospitality services company in the United States. The company owns an extensive network of geographically relocatable rental accommodation units comprised of ~13,000 beds across 22 sites serving the country’s highest producing oil and gas basins. Most of the company’s revenues are generated under multi-year “take-or-pay” … Continue reading Target Hospitality (TH): Leader in Vertically Integrated Specialty Accommodations
Three Ideas in Shipping
Deep value is found at the corner of “yucky” and “no way in hell” and over the last twenty years, shipping stocks have exhibited those two characteristics a hundred times over. Alex did a great job summarizing the macro view of the shipping market in his latest article, which you can read here. To brush up, … Continue reading Three Ideas in Shipping
GrafTech (EAF): A Fallen IPO Generating Hefty FCF Through Long-Term Contracted Revenues
**Idea Source: Massif Capital** GrafTech International (EAF) is a leading manufacturer of high-quality graphite electrode products that are essential components to the production of Electric Arc Furnace steel. The company sports a vertically integrated, highly differentiated business model with supply-side advantages giving it pricing power over competitors. Reduced supply of electrodes coupled with increased demand … Continue reading GrafTech (EAF): A Fallen IPO Generating Hefty FCF Through Long-Term Contracted Revenues
Criteo, Inc (CRTO): Privacy Regulations Turns Into Forced Selling & Opportunity
*Idea Source: Steven Wood, Greenwood Investors Massive selling from new ITP Regulations set forth by Apple and European departments have caused share prices of the digital performance advertising company to fall to 4x EV/EBITDA -- well below industry averages. With almost all of the negative news surrounding the new privacy laws baked into the price, … Continue reading Criteo, Inc (CRTO): Privacy Regulations Turns Into Forced Selling & Opportunity
The Market Plunger 