Yet Another Value Podcast

Vincent Bolloré, a renowned French business magnate, discusses his remarkable investment journey and the evolution of Bolloré SE and Compagnie de l'Odet. He shares his insights into the competitive investment landscape and why his firms present unique alpha opportunities now. Risk factors like potential regulatory challenges and corporate strategies, including share repurchases, are examined. The conversation also highlights Vivendi's valuation and its key assets, offering listeners a deep dive into the complexities of French capital management.

Mario Cibelli, Managing Partner at Marathon Partners Equity Management, discusses Remitly Global, a leader in digital remittances. He highlights the market's oversight in valuing $RELY and delves into customer trust issues and transaction complexities. The conversation addresses the competitive landscape between Remitly and Wise, as well as the operational hurdles posed by cybercrime. Cibelli also evaluates the potential of stablecoins in transforming remittance costs while pondering what keeps him up at night regarding his investment thesis.

Michael D. Cohen, CEO & Director of Research at MDC Financial Research, provides a deep dive into the Albertsons and Kroger merger case. He discusses courtroom insights that are often overlooked, the complexities of market definitions, and the critical pricing arguments at play. Cohen raises concerns about divestitures and draws parallels to previous failed mergers, emphasizing the potential consumer impact. The conversation also touches on labor dynamics and the political elements influencing the case, making it a fascinating exploration of the grocery industry's future.

Chris DeMuth returns to share his financial insights, focusing on the August 2024 market dynamics. He discusses the election's impact on stock prices, particularly how market shifts are pricing in a potential Trump victory. DeMuth dives into significant antitrust cases like the Albertsons/Kroger merger and examines the competitive landscape in the grocery sector. The conversation also highlights emerging financial trends, including Robinhood's credit card and high-end rewards programs, revealing how these changes transform consumer finance.

Paul Cerro, CIO of Cedar Grove Capital Management, dives into the world of Red Cat Holdings, a standout in drone technology. He highlights RCAT's unique offerings for military and government use, discussing their competitive edge in this evolving market. Cerro also explains the significance of the SRR contract and the odds of RCAT winning it, revealing insights on market expectations and potential economic impacts. Through his analysis, listeners gain a deeper understanding of investment risks and opportunities within the defense drone sector.

Jason Stankowski and Brian Lancaster from Clayton Partners share their insights on Mattr Corp., a global materials tech company with strong growth potential. They discuss why the market misunderstands its true value, focusing on unique product offerings and management strategies. The duo dives into Mattr's strategic shift from oil and gas, its upcoming U.S. listing, and the growing demand for engineered composite products. They also reveal opportunities in water storage for urban data centers and how these factors contribute to Mattr's promising growth trajectory.

Bill Chen, a real estate investor and Managing Director at Rhizome Partners, shares insights into the booming publicly traded real estate market. He discusses the impressive performance of REITs and elaborates on the importance of effective management. Bill also pitches Apartment Investment & Management Co. ($AIV), highlighting undervaluation potential and key growth catalysts, particularly the sale of valuable Miami assets. He emphasizes the need for thorough due diligence and strategic capital allocation in navigating the complex landscape of real estate investments.

August 2024 kicks off with wild fluctuations in the stock market, raising questions for investors everywhere. The journey of due diligence is explored, revealing how personal interactions with management teams can make or break investment success. The importance of looking beyond stereotypes in companies like Domino's Pizza showcases the need for deeper analysis. With cautionary tales included, the discussion offers valuable insights into navigating the complex landscape of investment opportunities.

Chris DeMuth, a market analysis expert from Rangeley Capital, joins for insightful discussions on the current market landscape. He dives into special situations like RCM and WOW, analyzing their dynamics and potential futures. Chris also examines recent activity in the banking sector, emphasizing the role of activist investors and competitive bidding strategies. His thoughts on valuations amid merger trends reveal how market behavior shapes investment decisions. Expect practical insights that could impact your approach to investing!

Alex Feng and Jason Quan from Rome Capital Limited dive into the intriguing world of Samsonite, a giant in the luggage industry. They explore why Samsonite's valuation is considered a bargain and discuss the brand's strong market positioning and pricing power. Insights on the importance of warranties and how they foster customer loyalty are shared. They also touch on competitive advantages and the challenges posed by new entrants. Lastly, they consider the potential benefits of dual listings and buybacks as strategies for value enhancement.