Category: Research – Brandon
-
POWW Put On Blast
“The only thing I do know is that from chaos comes opportunity.” – Daniel S. Loeb POWW’s largest shareholder Steve Urvan went full-on activist this week. The former GunBroker founder launched a website called TheUrvanGroup.com, where shareholders and interested parties can read his activist letter. Urvan founded GunBroker.com 22 years ago with his capital and…
-
Dan McMurtrie’s Investment Strategies Explained
Dan McMurtrie is the founder/portfolio manager of Tyro Partners. Tyro is a process-driven, fundamental, long-short equity hedge fund. The fund’s compounded capital at a 25% CAGR over the last five years. But McMurtrie only recently burst onto the scene after Tyro’s famous Dating whitepaper (which you can read here). McMurtrie’s latest Real Vision interview dives deep into…
-
Doomberg Podcast Transcript
BB: All right. So, Doomberg, this is something I’ve wanted to do for a long time. I’ve been a fan of your reading or your writing. And I shot you a DM, and I didn’t think I’d hear back, because I think your last time I checked, close to 140,000 followers. And lo and behold,…
-
Dusk Group (DSK.ASX): Can You Smell The Discount?
Dusk Group (DSK) is Australia’s leading home fragrance retailer, with 128 retail stores selling candles, diffusers, and essential oils to customers in-person and online. DSK has many characteristics of a great business. The company sells an Un-Amazonable product (olfactory sensation cannot be replicated online). DSK also boasts an industry-leading position with a 25% market share with…
-
Credit Cycles and A Minsky Framework
Hyman Minsky is a classical go-to regarding boom-bust cycles, credit growth and financial (in)stability. This essay is a refresher on how credit cycles work and how we can apply Minsky’s framework to understand such cycles. What is a Credit Cycle? A credit cycle explains the availability and supply of credit to willing borrowers. The cycle…
-
How To Cut Weeds & Water Flowers w/ Christian Ryther
“The Ideal Investment over the past 60-70 years has been to buy a piece-of-crap net-net company that got acquired by a young man named Warren Buffett. And then to hold that piece-of-crap net-net as Warren Buffett did his thing. Yet that wasn’t on anyone’s Bingo Card.” Christian Ryther is the founder and portfolio manager at…
-
Time To Buy Bonds?
Today we’ve got a guest post from Srivatsan “Sri” Prakash. Sri is an analyst at Simplify Asset Management and hosts the Market Champions podcast dedicated to interviewing the best and the brightest in finance and economics. Check him out on Twitter @SrivatsPrakash.There are two things everyone’s talking about today: Is the US in a recession?…
-
Everything You Need To Know About The Carvana (CVNA) Saga
“Never forget the 6-foot-tall man who drowned crossing the stream that was 5 feet deep on average.” – Howard Marks If Donald Trump were a stock, he would be Carvana (CVNA). Bulls believe the stock is worth >$600/share. The bears think it’s a zero. Somewhere in between lies the truth about the company, its value,…
-
The Evolution of Emerging Markets: A Framework
Today we’ve got a guest post from Srivatsan “Sri” Prakash. Sri is the host of the Market Champions podcast dedicated to interviewing the best and the brightest in finance and economics. His thoughts can be found on Twitter @SrivatsPrakash. The stories coming out of Sri Lanka and Pakistan are absolutely devastating. Yet, it may provide…
-
Why I’ve Changed My Mind on POWW
POWW reported earnings on June 29, and there’s a lot to unpack. In my last note, I explained what I wanted to see from the company’s upcoming earnings: GunBroker Marketplace Growth Improved Inventory Control Improved Accounts Receivable Collections And a cursory glimpse at the company’s ER would have you believe things are going exceptionally well. That’s…