Late August 2026 Random Ramblings
Higher rates could compress equity multiples and raise AI data center lease costs, while UWMC and Cogent raise questions about CEO-driven capital allocation.
Today
30m ago KSTR KSTR: Exposure To China's Chips And Potential Diversifier For SOXX
Chetan Woodun 2h ago ACIW $5.3B ACI Worldwide: An Undercovered Payments Compounder Getting Better
SiliconBytes Insights From X
junkbondinvestor on X
Hyperscalers need so much capital they're exporting their financing needs to...Australia $GOOG just mandated its first AUD deal. Issuance (called Kanagroo bonds) is up 40% y/y to ~A$60B (a new record) https://t.co/ZIypM3QiFx
junkbondinvestor on X
Whirlpool’s long-dated bonds trade at low dollar prices, offering less recovery downside and more upside to asset sales, M&A or a turnaround than the wider curve belly.
junkbondinvestor on X
Wow, $LESL 1L TL trading ~20 cents Operating picture much worse than expected and they just withdrew guidance Restructuring inevitable at this point https://t.co/nv7uYbpOVn
junkbondinvestor on X
Workday employees learning their new owner's first workstream will be headcount reduction $WDAY https://t.co/AIvTDIXGdo
Broken Moats on X
Workday’s proposed LBO financing is criticized as a levered private-credit mark-reset trade reliant on eventual public refinancing or an IPO exit.
junkbondinvestor on X
*SILVER LAKE IN TALKS TO BUY WORKDAY: REUTERS ~$43B enterprise value...would be one of the largest software buyouts EVER! $WDAY
junkbondinvestor on X
Some interesting credit stats: > Hyperscalers are now ~20% of the entire 30-yr IG bond bucket > ~40% of all 30-yr IG deals this year came from hyperscalers > $AMZN and $META each make up more than 5% of long-end bonds individually
Lee Roach on X
Entravision trades at 4.0x guided ad-tech EBITDA excluding a $300 million media valuation, while the market prices in a major customer loss and zero spectrum value.
Investor Letters
All letters- Sequoia Fund year ended December 31, 2025 +22.1%
- Sequoia Fund first quarter of 2026 -11.0%
- Palm Harbour Capital 2022 Q4
- Palm Harbour Capital first quarter of 2023
- Royce Investment Partners Year-to-Date Through 6/30/26 +13.7%
- Maran Capital Management 2Q 2026 +5.4%
- Patient Capital Management 2Q25 +15.3%
- Patient Capital Management 3Q25 +14.1%
Domo (Arigato), for this potential multi-bagger options trade
Domo’s $400 million sale to Progress would leave a cash-rich public shell with $900 million of NOLs; January 2028 $5 calls cost 22 cents.
MT 2026-08-27 ArcelorMittal: Regionalization Is Creating A Structurally Better Steel Company
Capital Connoisseur 
Nvidia’s Long-Term Margin Question
Nvidia faces questions over the durability of its long-term profit margins ahead of earnings.
[scuttleslops] AI Data Center Economics, ADI, INTU, IDXX
AWS AI campuses cost $40–$45 billion per gigawatt, with Trainium 3 expected to lift compute per megawatt and improve infrastructure returns.
Big Tech Off-Balance Sheet Concerns
Big Tech’s $3 trillion AI commitments are disclosed and largely long-dated, with nearly 60% of Amazon’s $650 billion commitments falling…
Atlas Engineered Products ($AEP.V) FINS Review
Atlas Engineered Products reported Q2 revenue up 19% to $16.2 million, but ended cashless on its credit line as inventory rose 47% and…
Stripe’s “Singularity” and the Divergence from Adyen
Stripe’s net revenue rose 41% in 1H 2026 versus Adyen’s 21% FX-adjusted growth, fueled by AI-native startups and acquisitions including…
The Junk (Mail) Merger Arb
Star Equity’s $5 per-share Harte-Hanks acquisition offers $2.50 cash plus 0.25 STRRP per share after proration, against a $2 break price.
$ELAL: El Al is a wartime monopoly at 2x EBITDA. Is that a trap? | ASB Partners
El Al trades near 2x EBITDA after wartime near-monopoly profits, with $1.3 billion of net cash and owned aircraft weighed against…
CCC Is in the Middle of the Wreckage
CCC, the dominant auto physical-damage claims estimator, connects 27 of the top 30 insurers with 31,000 repair shops as takeout rumors…
Stories are added via a curated list of writers we follow. Have a source we're missing?
Send your pickThe writers we follow
Every source on this site, hand-picked.
- Seeking Alpha
- Yet Another Value Blog
- Yet Another Value Podcast
- SG
- ⚽️📡
- Triple S Special Situations Investing
- Lee Roach
- Raging Capital Ventures
- JabroniCoin.USD
- Broken Moats
- BDC
- MBI Deep Dives
- scuttleblurb
- PAA Research
- Chris Camillo
- mavix
- Charles Frischer
- Maj Soueidan
- Wolf's Substack
- Farmer
- David Orr
- Connor Haley
- Ian Bezek
- Timyan Bank Alert
- AltayCap
- Nat Stewart
- The Oak Bloke
- Mike
- junkbondinvestor
- Little Owl Research
- The Monetary Matters Network
- Steve Eisman
- Clark Square Capital
- Tim Eriksen
- Bristlemoon Capital
- Bearhold Research
- 310 Value’s Newsletter
- ToffCap
- marginofdanger
- The Value Road
- Capital Employed
- Fierce_beast
- Speedwell Memos
- Psyop Capital
- Laughing Water Capital
- The Mikro Kap
- catechwilliams
- Treasure Hunting
- Porter Collins
- Clark Street Value
- Cluseau Research
- John Hempton's Newsletter
- Value Investors Club
- Undervalued Shares
- smallvalue.
- Maius Partners
- Multibagger Monitor
- Altay Capital - Mostly Value Investing
- Nat Stewart - Stock Picking Newsletter
- Citrini Research
- Rusholme Capital
- Hunterbrook No stories
- Odds on Open No stories
- Sahil Khetpal No stories
- Sunday's Idea Brunch No stories
Older Stories
Aloe Aloe Aloe what 'ave VERRA then?
The Oak Bloke
NCLH or her grandma Saga?
The Oak Bloke
Jumia
Triple S Special Situations Investing
Shitcos, Griftcos, and alignment versus enrichment at $IREN
Yet Another Value Blog
$NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap Capital
Yet Another Value PodcastTopics
Ordered by how often our editor reaches for them.
