Robert Anstey

Robert Anstey, a North American Portfolio Manager at Marathon Asset Management, delves into the lucrative world of waste management. He highlights the investment potential in overlooked, cyclical businesses, especially amidst stagnant waste volume growth. Anstey discusses the strong performance of municipal waste stocks and sheds light on the risks tied to environmental changes and regulatory scrutiny. The conversation also examines growth prospects in the energy sector from waste, showcasing the profitability of strategic investments in this niche market.

Robert Anstey, a portfolio manager at Marathon Asset Management, shares his insights on the intriguing cardboard box industry. He explains the 'Boxing Day Gift' thesis and its significance to US manufacturers. The discussion dives into the industry's shift towards prioritizing profitability over volume, the impact of e-commerce on demand, and long-term growth projections. Anstey also highlights the consolidation among major firms and how the Smurfit Westrock merger could create significant synergies, showcasing the evolving landscape of this seemingly mundane yet vital sector.

Robert Anstey, a US Portfolio Manager at Marathon Asset Management, delves into the intriguing world of small-cap stocks. He challenges the notion of investment categories, advocating for a nuanced approach to capital flow analysis. The conversation highlights the success of BioRad Laboratories in a consolidating industry, showcasing its innovative edge. Anstey also discusses profitability challenges in the sector, suggesting that current market conditions may unveil significant investment opportunities. Expect insights into hidden value and long-term growth prospects!