Yet Another Value Podcast

Orel Levy, an investor at Anek Capital with a keen focus on value and event-driven opportunities, dives into the world of Cellebrite, a leader in digital forensics tools. He discusses the company's evolution into a SaaS model and its role in law enforcement. A shift in management, competitive threats like Palantir, and the integration of AI are thoroughly examined. Orel also unpacks the potential risks surrounding execution and possible M&A speculations, shedding light on Cellebrite's strategic positioning in a rapidly changing tech landscape.

Byrne Hobart, the insightful mind behind The Diff, joins to dive deep into the biography of Larry Ellison, Oracle's co-founder. The discussion unveils the duality of Ellison’s character and Oracle's aggressive sales tactics. They reflect on early struggles and the challenges of ERP transitions, alongside surprising predictions about tech trends. The conversation humorously compares Ellison to Elon Musk and explores his eccentricities, from boating hobbies to the implications of government IDs. It's a captivating look at tech's intertwined narratives.

In this conversation, David Bastion from Kingdom Capital, an expert in value investing and stock analysis, dives deep into United Natural Foods Inc. (UNFI). He examines the hurdles UNFI faces post-merger and the implications of a recent cyberattack on its operations. David highlights management's strategic pivot, the importance of partnerships with Whole Foods and Amazon, and the need for recovery amidst inflation challenges. With a focus on the company's path to sustainable earnings growth, he offers invaluable insights for potential investors navigating this turnaround.

The discussion kicks off with reflections on the speculative frenzy surrounding crypto-linked stocks, drawing parallels to historical market bubbles. There's a deep dive into the potential risks of a new SPAC bubble and strategic hedging. The host tackles the nuances of pattern recognition in investing, illustrating how past experiences can both aid and hinder decision-making. The conversation wraps up with thought-provoking insights on leadership arrogance and the necessity for dialogue, inviting listener engagement throughout.

In this insightful update, Andrew Walker dives into three intriguing stock ideas for 2025: Sage Therapeutics, Keros Therapeutics, and Full House Resorts. He reveals the dynamics behind Sage's recent acquisition and speculates on potential bids from Biogen. Keros faces slow capital return, while Full House's promising insider buying is contrasted by its current lag in performance. Andrew emphasizes the importance of active shareholder engagement and insider moves in shaping company strategies, all while keeping the analysis engaging and informative.

Byrne Hobart, a finance and technology writer behind The Diff and Capital Gains newsletters, joins the discussion to unpack Ray Dalio’s latest theories on economic cycles and sovereign debt. They explore how technological advancements, like AI, are reshaping productivity and employment. The duo critically examines the credibility of Dalio’s claims, the role of central banks, and the complexities of macro trading versus policy-making. They also ponder the future viability of cryptocurrencies and the concept of a U.S. sovereign wealth fund amidst economic uncertainty.

Guowei Zhang, a writer for 'Yummy Century Stocks' specializing in distressed investments, joins the conversation about EchoStar's complicated financial landscape. They delve into the company's struggling satellite and pay TV segments, revealing the hidden value in its wireless spectrum assets. The discussion highlights FCC regulatory challenges, the potential for bankruptcy, and speculative links to a possible Trump Mobile tie-in. With stark valuation predictions and varying investor positions, Zhang uncovers the fascinating, tumultuous nature of EchoStar's market drama.

In this discussion, Bill Chen, a seasoned expert from Rhizome Partners, shares his insights on the multifaceted world of real estate investing post-NAREIT. He highlights key trends such as the resilience of public REITs against market stresses and the shifting dynamics in rental markets, especially in NYC and the Sunbelt. Bill navigates the complexities of grocery-anchored retail investments and the impact of AI on operations. His analysis sheds light on valuation divergences and investment opportunities in today's competitive landscape.

Brian Finn of Findell Capital, who holds a significant stake in Oportun Financial, discusses his proxy battle aimed at reforming the company's board. He critiques Oportun's shift toward a sprawling fintech model, arguing it caused operational inefficiencies and harm to shareholders. Finn highlights governance failures, including the recent ousting of a high-performing director. He believes Oportun's focus on underserved communities and strong economic potential makes it ripe for a turnaround with proper oversight and leadership.

Aaron Chan from Recurve Capital shares his insights as a value investor. He dives into the legacy business of Cogent Communications, tackling the strategic implications of its Sprint acquisition. The discussion reveals CEO Dave Schaeffer's vision and the intricate financial transformations underway. They analyze network resilience, competitive pricing strategies, and the impact of AI on market dynamics. Chan also touches on leadership implications and how operational control can drive efficiency and growth in the digital infrastructure domain.