Off to Omaha This week, I’m heading to Omaha for the Berkshire Hathaway Annual Shareholders Meeting. I couldn’t be more excited. I’ve gone the past two years, and each time it’s been one of the highlights of my year. I’m looking forward to hearing Greg Abel field questions—I think this could be one of the [...]
The Record Date Myth: Why Most Investors Miss Out on Spin-offs for No Reason There's a question I get all the time from investors who are new to spin-offs. It usually sounds something like this: "I saw this spin-off coming and thought the setup looked really interesting — but I missed the record date. I [...]
My Favorite Special Situations Investors to Follow One of the most common questions I get asked is, “Who are the best people to follow for special situations ideas?” In this article, I will share my favorites. I intend to update this article periodically because 1) I know I will forget a few people and 2) [...]
My Favorite Current Special Situation I love special situations. Especially ones that are only available to small shareholders. The classic opportunity is the “split off” transaction where the parent company allows shareholders to swap their Parent shares for Spin-off shares and make a quick $1,000 to $2,000 in a couple weeks. These trades generally contain [...]
Discord Give Away Q4 2024 One of my favorite features of my paid newsletter is the discord channel to discuss ideas. For those that haven’t heard of discord, think of it like a chat room. You can create a discord related to any niche interest (online gaming, sports gambling, value stocks, etc..). My discord is [...]
Buy Medexus Pharma (MEDXF) Market Cap: $34MM Price: $1.38 Price Target: $4+ Upside: 189%+ Summary Medexus Pharma (MEDXF) truly represents an asymmetric opportunity. The stock trades at 2x FCF and 5.2x EBITDA. Does the company have a lot of debt? No! Its net debt to EBITDA is currently 2.2x and will be 1.5x by the [...]
Turo: The Next Airbnb? One of my favorite stocks is IAC Inc (IAC). It’s a holding company with many different ownership stakes. To value IAC, you need to do a sum-of-the-parts analysis (SOTP). Investment cases built on SOTP valuations are tricky because you don’t know when/if value will ever be unlocked. As such, they can [...]
Warren Buffett and Spin-offs Warren Buffett, the world’s greatest investor, has a complicated history with spin-offs.On the one hand, he’s made a lot of money investing in them.But he would never spin off a Berkshire subsidiary unless forced to by regulators.And I have to say, I agree with his seemingly contradictory approach.Let’s dig into his approach [...]