Yet Another Value Podcast

Evan Tindell, CIO of Bireme Capital, discusses British American Tobacco, vaping regulations, stock performance, and competition. He also touches on the menthol cigarette ban, $BTI's ownership stake in ITC, and capital allocation strategy. The podcast covers ESG considerations, next-gen products, legal liabilities, and the impact of taxes on non-burning tobacco products.

Alex Morris, Founder of TSOH Investment Research, discusses the 'Letting Winners Run' strategy, exploring hindsight bias, cash flow considerations, examples of timeless businesses, the role of management, position sizing, and dismissing banks as a source of letting winners run.

Financial expert Chris DeMuth discusses anti-trust, Spirit decision, US Steel - Nippon, banks, and $LQDA. He critiques recent legal decisions related to markets, explores the failed Amazon and iRobot deal, and discusses the political implications of US deal mergers. The podcast also includes humorous incidents, flight delays, and explores the interest in credit union deals.

Jon Hook, Senior Analyst at Voss Capital, discusses his thesis on R1 RCM, a healthcare revenue cycle management company. They cover topics such as tax burden, management changes, network effects, stickiness of the business, and competition from Optum. They also address concerns about aggressive accounting and the challenges of outsourcing revenue cycle management.

Judd Arnold discusses offshore drilling space, $TDW update, activism, $VAL, $RIG, $NE, Petrobas risk, macro risks, recent positions, and lessons learned. Topics include market correction, exercising call options, Gulf of Mexico, and focusing on activism.

Brett Caughran, Lead Trainer and Founder of Fundamental Edge, discusses earnings season, fundamental stories, liquidity and market efficiency, small caps, pod shop strategies, interest rate environment, risk management, and pod shop culture in this episode.

Patrick Wolff, former US Chess champion, discusses a wide range of topics including the right to buy stocks, domestic vs. international focus, indexing vs. single stock investing, battleground stocks, advantages of investing in MicroCap stocks, and shares his thesis on Transact Technologies $TACT.

Jim Royal, Author of 'Zen of Thrift Conversions', provides the basics of 'Thrift Conversions' in this podcast. He discusses the safety and management incentives associated with these conversions. Jim also explains how investors can participate in IPOs of thrift conversions and explores the current banking environment. He highlights the characteristics of poor conversions and the importance of investor activism. Additionally, he shares three interesting de-mutualizations to look at. Overall, this podcast offers valuable insights into the world of thrift conversions and their potential benefits for investors.

Adam Patinkin, Managing Partner at David Capital Partners, LLC, discusses his investment thesis on Vistry Group PLC, UK’s leading provider of affordable mixed tenure homes. Topics include Vistry's partnership business model, competitive moat, future growth prospects, and UK housing cycle.

In this episode, Chris DeMuth, an expert in the markets, discusses merger arb, $ROIV, $IMVT, and thoughts on $SAVE. He also shares his views on 2024 and lessons learned from 2023. The conversation covers topics such as litigation, secondary offerings, government cases against industries, LNG contracts, and the lack of skill in corporate transactions.