PTLO 2026-08-20 Portillo's: Guidance Cut Confirms It's Cheap For A Reason
KC Research Friday, August 21, 2026
PTLO 2026-08-20 KC Research Aug 21 SOXX $1.4B SOXX: Growth And Profitability May Be Peaking
Mauro Caversazzi 
Walmart’s Evolution
From X
catechwilliams on X
$QSG: Delayed filing. Mounting accounting issues. Failed ed biz buying a toy company (highly dilutive). US-based VC fund DCM owns 21% S/O. Will be hard to justify an investment in an ed company that devolved into a toy business to their LPs. Likely the next legacy holder to sell.
catechwilliams on X
$QSG Failing Chinese online learning company made a “strategic pivot toward product-driven business” by acquiring a single product toy biz: 1) March acq 61% for $33M, 2) 3 weeks ago acq at 5x that prior valuation. Massively dilutive. Legacy VCs selling fast, report this week.
catechwilliams on X
$RDDT I don't make bold predictions. I'm a conservative doctor but it will likely be the next $META or $GOOG. Look at those companies 8-10 years ago. Very similar fact pattern. Now $RDDT is dominating search w highly valuable AI. +78% rev on tough comp and just getting started.
catechwilliams on X
$CRCT Covid fad DIY crafting printers—accelerating unit sales decline, cutting prices. High margin subscription rev (online templates library free elsewhere) now churning off. Set for Q2 miss/ guide down on 8/5. 18-20x P/E. Massive CEO selling. https://t.co/V86UTJv2Np
catechwilliams on X
Ingram Micro’s ransomware attack halted order fulfillment for four days, risking customer defections, ransom costs and a major IT upgrade.
catechwilliams on X
Sponsor Bain (50% shareholder) will likely be looking to unload shares as we approach the lock-up expiration date later this summer. $KMTS could be a zero.
catechwilliams on X
$KMTS Recent IPO. Makes $20k bras w defib (not a joke). Impractical product w very low efficacy (per clinical trials). Insurance won’t cover. Burning cash, no valuation support. Zoll has 80% share, $KMTS distant #2. 6/1 FDA approved a much better alternative by Element Sciences.
catechwilliams on X
$PRIM $500M new project broke ground. Not deep on the name but this is a pretty massive program for $PRIM and does not appear anyone noticed. "430-megawatt development from Arevon Energy, an offshoot of utility and energy contractor Primoris Services Corp" https://t.co/1egNflZ1X8
Investor Letters
All letters- First Eagle Investments 2023
- First Eagle Investments 3Q 2025 +9.2%
- Palm Harbour Capital third quarter
- Bireme Capital 2Q22 -1.4%
- Bireme Capital first five months of 2023 +8.0%
- Polaris Capital Management FIRST QUARTER 2026 +5.1%
- Polaris Capital Management SECOND QUARTER 2026 +12.3%
- Oakmark Funds 1Q 2026 -2.5%
VISN 2026-08-21 Vistance Networks: The Valuation Makes This Stock A Strong Buy
Investor Overview 
$ELAL: El Al is a wartime monopoly at 2x EBITDA. Is that a trap? | ASB Partners
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Aloe Aloe Aloe what 'ave VERRA then?
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NCLH or her grandma Saga?
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Airbnb Model Update (2026)
Airbnb shares have risen about 50% since October 2025, prompting a revised 2026 model and return assumptions at the current price.
Jumia
Jumia’s January 2028 $7/$15 call spread risks $1.15 for up to $6.85 if cost cuts and marketplace growth deliver adjusted EBITDA and…
Shitcos, Griftcos, and alignment versus enrichment at $IREN
IREN awarded each co-CEO roughly 9 million RSUs, about 2.5% of shares and $400 million, in exchange for no further equity grants until…
$NU: is Nubank Capital One in 1994 or Capital One in 2006? | Vanshap Capital
Nubank's 140 million customers, 20% efficiency ratio and 30% ROE frame whether its high-teens P/E reflects a scalable fintech or a maturing…
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