Yet Another Value Podcast

Michael D. Cohen, CEO & Director of Research at MDC Financial Research, shares his insights on the high-stakes $ACI and $KR case following the trial's conclusion. He analyzes courtroom dynamics and the judge's demeanor, shedding light on the influential testimonies, particularly from 'Joe the Grocer.' Cohen discusses the complexities of legal definitions in mergers and the potential outcomes for the case. His expert opinions provide a glimpse into the intricate financial implications and strategic maneuvers impacting this significant merger in the grocery sector.

Mitchell Scott, Founder and Portfolio Manager at Choice Equities Capital Management, shares insights on Crocs, Inc. and Magnite. He updates his investment thesis on $CROX, discussing its transformation from a fad to a sustainable brand, alongside strategic partnerships and the impact of the HeyDude acquisition. Mitchell also explores Magnite’s role in digital advertising, highlighting its partnerships with Netflix and Disney, and the challenges in CTV ad personalization. His thoughts on both companies reveal potential opportunities for savvy investors.

Conor Maguire, founder and editor of the Value Situations Newsletter, returns to share insights on Dowlais Group Plc, focusing on its pivotal role in the transition to sustainable vehicles. He highlights what the market may overlook about Dowlais, including its strategic review and management performance. The discussion dives into trends in the automotive industry, the impact of China's market, and investment strategies in undervalued stocks. Conor also tackles concerns like goodwill write-offs and the cyclical nature of powder metallurgy, providing a comprehensive view of potential growth opportunities.

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.