Thursday, August 27, 2026

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.

UWMC $2.3BCCOI $495M

Yet Another Value Podcast Aug 27 16 clicks

Aug 27 VRRM $696M

The Verra Sneerer (NASDAQ:VRRM)

The Oak Bloke 10 clicks

Aug 27 NVDA $5.2T

Nvidia Climbing the Wall of Worries

MBI Deep Dives 9 clicks

From X

@ToffCap Apr 19

ToffCap on X

Not officially a liquidation, but getting close (I think). CVD Equipment $CVV agreed to sell its Stainless Design Concepts division for $16.9m, o/w $15m after taxes and fees. This will bring total net cash on the b/s at ~80% of the market cap. The company will continue to assess its portfolio.

@eriksen_tim Apr 18 2 clicks

Tim Eriksen on X

Cedar Creek Partners Q1 letter released. Fund was up 6.8% in Q1, net of fees and expenses. $SODI $ENDI $EXCE $PHIF $HRBR $STLE $SLBK $RVRF https://t.co/d794sYsHAT

@Fierce__beast Apr 18

Fierce_beast on X

how is this not the end for $wix and $gddy? https://t.co/nY1p4vAMfN

@LaughingH20Cap Apr 17 3 clicks

Laughing Water Capital on X

$NN https://t.co/rn1GCqqeWI

@mavix_leon Apr 14 1 click

mavix on X

Shelly Group $SLYG announces revenues of EUR 33.4 million (+26%) for Q1 2026. The Company’s liquidity position developed positively in the first quarter of 2026. Cash and cash equivalents increased by approximately 45% compared to year-end 2025 to EUR 19.9 million, https://t.co/rbBjwNHc8T

@LaughingH20Cap Apr 14

Laughing Water Capital on X

@endless_frank @AST_SpaceMobile Hi - no position but have been following along. How do you think about the advantages that SpaceX and $AMZN have in terms of name recognition, distribution, and cost of capital? How do you think about pricing in a 3 player market? Is it a race to the bottom out of the gate? TYIA

@Fierce__beast Apr 14 1 click

Fierce_beast on X

$RENT is a timely example of point #3: Stock up 25% in the morning on a strong beat in 4Q, little analyst coverage. The stock now is down 15%, that is a 40% move. I shorted a bit more at some point today when it was still up 10% or so. The fundamentals, the quality of its revenue growth is worsening and outlook is bad. The company needs to spend a significant amount on inventory, a hidden cost not on the income statement but rather depreciates through COGS overtime instead and is not even visible in any given quarter as a large loss. If they don't replenish inventory, customer satisfaction will likely deteriorate. They are planning to spend less on inventory and yet they are still guiding to margin deterioration in 2026.

@LaughingH20Cap Apr 14 2 clicks

Laughing Water Capital on X

$AVNS https://t.co/EbJi0nn0Vj

Investor Letters

All letters

BHVN 2026-08-27

Biohaven: Sale Of Opakalim Rights To SK Biopharmaceuticals Makes Sense On Many Levels

BHVN $2.3B

Edmund Ingham Aug 27 5 clicks

ACIW 2026-08-27

ACI Worldwide: An Undercovered Payments Compounder Getting Better

ACIW $5.4B

SiliconBytes Insights Aug 27 5 clicks

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.

DOMO $184MPRGS $2.1B

Triple S Special Situations Investing Aug 27 7 clicks

MT 2026-08-27

ArcelorMittal: Regionalization Is Creating A Structurally Better Steel Company

MT $56B

Capital Connoisseur Aug 27 3 clicks

Nvidia’s Long-Term Margin Question

Nvidia faces questions over the durability of its long-term profit margins ahead of earnings.

NVDA $5.2T

MBI Deep Dives Aug 26 8 clicks

AMZN 2026-08-26

[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.

AMZN $2.8T

scuttleblurb Aug 26 9 clicks

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…

AMZN $2.8T

MBI Deep Dives Aug 25 9 clicks

$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…

ELALF $3.4B

Yet Another Value Podcast Aug 20 16 clicks

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…

CCC $4.4B

scuttleblurb Aug 20 21 clicks

Aloe Aloe Aloe what 'ave VERRA then?

Verra Mobility's new seven-year Avis agreement replaces a customer worth over 10% of revenue on materially worse economics, exposing…

VRRM $696M

The Oak Bloke Aug 20 19 clicks

Late August 2026 Random Ramblings

Higher rates threaten equity multiples and AI data-center economics, while UWMC and Cogent raise questions about CEO-driven capital…

UWMC $2.3BCCOI $495M

Yet Another Value Blog Aug 27 2 clicks

VRT 2026-08-27

Vertiv: AI's Physical Bottleneck Is Expanding Its Value Per Megawatt

VRT $102B

LL Insights Aug 27 3 clicks

FUFU 2026-08-27

BitFuFu: A $93 Million Liability No One Can Explain

FUFU $220M

Dorine Cherop Aug 27 1 click

GM 2026-08-27

General Motors: The Billion Mile Moat

GM $76B

Muhammad Cheema Aug 27 3 clicks

KGC 2026-08-27

Kinross Gold: The Buy Case Is Margin, Not Growth

KGC $39B

The Bullionaire Aug 27 4 clicks

TPC 2026-08-27

Tutor Perini: Q2 2026 Made My Strong Buy Case Stronger

TPC $4.7B

The Curious Analyst Aug 27 4 clicks

LGCY · long 2026-05-29

Legacy Education

Legacy Education operates six California campuses offering post-secondary nursing, physician assistant and surgical education.

LGCY $141M

Value Investors Club May 29 1 click

RGLD · long 2026-05-29

Royal Gold INC

Royal Gold, a $19 billion precious-metals royalty and streaming company, benefits from mine production without operating mines directly.

RGLD $22B

Value Investors Club May 29 2 clicks

CC · long 2026-05-29

the chemours inc.

Chemours (CC) is presented as a long investment in its three-segment specialty chemicals business.

CC $2.4B

Value Investors Club May 29 1 click

HGV · long 2026-05-29

Hilton Grand Vacations

Hilton Grand Vacations faces an inflection point in profitability growth and free cash flow generation.

HGV $3.4B

Value Investors Club May 29 2 clicks

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Thursday, August 27, 2026

ToffCap on X

Tim Eriksen on X

Fierce_beast on X

Laughing Water Capital on X

mavix on X

Laughing Water Capital on X

Fierce_beast on X

Laughing Water Capital on X

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