Value Hive Podcast Q3 2024 Investor Audibles: Alta Fox Capital ($APP, $REVG), Gator Capital ($CBNA), Greenhaven Road Capital ($PAR, $HGTY, $CLBT, $SOC)
Nov 22, 2024
Dive into the world of strategic investing as top funds reveal their Q3 2024 performance. Discover how investor confidence and patience play crucial roles, and learn about the potential of self-help investments in smaller firms. Unpack key investment strategies, including PIPE purchases for acquisitions, and hear about exciting developments in the oil and gas sector. With insights on operational improvements and regulatory challenges, this discussion is a treasure trove for any aspiring investor!
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Alta Fox's Investment Strategy
- Alta Fox Capital focuses on intrinsic value growth, ignoring short-term price fluctuations.
- Their disciplined approach targets a minimum 20% IRR and avoids multiple expansion in base cases.
AppLovin Investment
- AltaFox invested in AppLovin at an attractive valuation relative to its growth and peers.
- They exited when the valuation no longer offered a significant margin of safety.
REV Group's Bizarre Price Action
- Despite improved guidance and earnings quality, REV Group's stock crashed after Q3 results.
- Alta Fox viewed this as an anomaly and aggressively bought the dip.