Wednesday, September 16, 2026

Copart 4Q26 Business Update: Thesis Shift?

Copart’s 4Q26 revenue grew 2.4% as U.S. insurance volumes fell 7.5%, while a customer loss and higher yard costs pressured profits despite international growth.

CPRT $27B

Speedwell Research Sep 16 1 click

Sep 14 ADBE $99B

Adobe 3Q26 Update

Speedwell Memos 2 clicks

Sep 14 CPRT $27B

[scuttleslops] Amazon grocery, John Deere and AI, picks and pans in P&C Insurance, Copart earnings and the ACV acquisition

scuttleblurb 1 click

From X

@BlueDuckCap Sep 16 2 clicks

BDC on X

Maybe this earlier post is hyperbolic. But Specs potential is real and the applications are very real and the implied value to $snap is negative. Btw go back and look at all my snap tweets - been as big a bear as any of you. But the worm is turning. Sub business 85% yy $1b+ rr and ads stable and 16% HC reduction to cut $500mn opex and SBC offset by buyback. So there’s a lot to like here and if specs can get a minority investor which i think is much more likely after today then game on. Oh and by the way snap could still cut opex by 50% just to get in line with $rddt on cost/employee.

@ActAccordingly Sep 16 1 click

PAA Research on X

The trading action in $LEN should be pretty interesting following a disappointing print and underwhelming guidance (albeit not surprising). The stock trades at tangible book value with a 2.5% dividend yield (that used to mean something) and they look set to buyback 5-7% of the shares outstanding annually. They've moved their entire pricing and gross margin model down to meet the market so they can move volumes. They're moving units in Arkansas at $230,000. There's definitely a market at that price point. There's some controversy about their land bank accounting practices from the work of @hntrbrkmedia, but you still have a biz that's not impairing book and generating profits. Insiders own a fair amount, Berkshire bought last quarter. Is there enough bad news here? Is it finally washed out? https://t.co/j7W0oY1pY5

@ActAccordingly Sep 16

PAA Research on X

This is an absurdly large deal relative to the size of $GNRC. Candidly, I'm not sure why $AMZN just didn't buy the company. I can make a strong case that over the next few years they could do a lot with the residential biz on the backup generator and BESS side. That's just me. Maybe they get their eventually. We'll see.

@junkbondinvest Sep 16

junkbondinvestor on X

Blackstone? ✔️ Alphabet? ✔️ 10 banks salivating to provide $22bn in chip financing? ✔️ All for Crux AI, a company that launched THIS month (w/ $5bn equity from $BX). Crazy to remember this asset class barely EXISTED not too long ago https://t.co/hT0pjvDgKI

@pennycheck Sep 16

⚽️📡 on X

Interesting to note $DKNG largest volume gain in prediction mkt volume over last seven days https://t.co/34Zg2HaCoT

@KEDM_COM Sep 16 1 click

KEDM.com on X

Deep Sail @DeepSailCapital turns up twice in our Q2 sweep. SK Hynix was one. Celestica $CLS is the bigger bet: Deep Sail initiated $CLS in Q2 and holds it as its largest conviction: after canvassing the whole space, it sees Celestica as the cheapest way to own the AI data-center build-out, with structural margin expansion and design wins secured in 1.6T and co-packaged optics. Deep Sail puts at least three years of runway on the build-out.

@kab604 Sep 16

kab60 on X

"The story of the year has to be the consumer. It's been remarkably resilient in the auto space, and we've seen that with the last couple of months of industry demand, probably been a little bit stronger than we even thought coming into Q3" GM CFO $GM $F $ABG $GPI $AN $KMX

@kab604 Sep 16

kab60 on X

Mkt shitting on $JKHY as investor day outlines more core wins but pretty much more-of-the-sale growth going forward (HSD)... bullish imo, much higher growth would challenge sticky nature (don't like valuation though) $FISV $FIS

MKS Instruments: Penang Expansion Boosts WFE Outlook Despite Margin Pressure

MKS Instruments posted $1.25 billion in Q2 revenue and is expanding Penang capacity for a $200 billion to $250 billion wafer-fab-equipment…

MKSI $16B

The Straits Strategist Sep 14

Adobe 3Q26 Update: Nothing Broken, Nothing Explained

Adobe’s fiscal 3Q26 revenue grew 13%, while ARR growth was about 9.3% excluding Semrush.

ADBE $99B

Speedwell Research Sep 14 1 click

Lululemon: The 15-Minute Thesis

Lululemon’s North American sales, margins and legging demand are falling as Alo and Vuori gain share, leaving its brand moat and depressed…

LULU $11B

Hated Moats Sep 11 2 clicks

Why “Affordable Luxury” Doesn't Compound

Lululemon’s growth stalled as affordable-luxury apparel brands face fading post-Covid demand, cheap social-media influence and China…

LULU $11BNKE $54B

MBI Deep Dives Sep 11 2 clicks

The Five Deals That Made Apollo

Apollo Global Management’s five defining deals, from Executive Life to Intel, built a $1 trillion asset manager spanning insurance and…

APO $74B

Net Interest Sep 11 1 click

TSOH Weekly Roundup (09/11/2026)

TSOH weekly roundup covers Meta’s child-safety settlement, Markel’s leadership transition, Peloton’s gym strategy and an upcoming Alarm.com…

MKL $22B

TSOH Investment Research Sep 11 2 clicks

Nucor Corporation: Steel Tariffs And Trade Spats

Nucor's growth and $250 fair value estimate hinge partly on the U.S.-Canada steel tariff dispute.

NUE $55B

Ray Merola Sep 11

TransDigm is still in it for the money

TransDigm’s sole-source aerospace parts generate roughly 70% aftermarket margins, with 90% of revenue tied to owned IP and 80% from…

TDG $61B

scuttleblurb Sep 10 1 click

Quick Value #330 - Deckers Outdoor (DECK)

Deckers Outdoor has fallen about 60% from its late-2024 peak and trades at 11x earnings as HOKA growth slows.

DECK $11B

Value Don't Lie Sep 9 5 clicks

Intercontinental Exchange: AI-Driven Selloff Overdone, The Valuation Case Is Stronger (Rating Upgrade)

Intercontinental Exchange's valuation case rests on 5% Q2 revenue growth, a 61% adjusted margin and $100 million of MarketAxess synergies.

ICE $87B

Mike Zaccardi, CFA, CMT Sep 9

CDNS · long

Cadence Design Systems INC

Cadence Design Systems sells chip-design software as AI computing drives a structural increase in semiconductor design complexity.

CDNS $78B

Value Investors Club May 21 2 clicks

The Skills AI Can’t Replace

Duolingo is presented as an AI-resilient opportunity after SaaS stocks sold off on fears that coding tools will compress software moats,…

TEAM $49B

Modern Value Investing Feb 15

Airbnb 4Q25: Business Update

Airbnb’s fourth-quarter revenue rose 12% to $2.8 billion and GBV 16%, while product improvements and AI spending target booking conversion…

ABNB $99B

Speedwell Memos Feb 14 2 clicks

Adobe Stock Breakdown (Five Minute Money)

Adobe trades at 14x free cash flow after a 60% decline despite growth, with AI, its business-model transition and creative-software…

ADBE $99B

Speedwell Memos Feb 12

Ferrari Exploratory Report

Ferrari sells about 13,000 vehicles annually, generating €7 billion of revenue and 28% operating margins; its shares trade at 32 times…

RACE $73B

Speedwell Memos Feb 10 1 click

Adobe Inc (ADBE): slowly, then all at once

Adobe’s sub-20x forward GAAP P/E reflects AI disruption fears, with the investment case hinging on whether Digital Media’s creative…

ADBE $99B

Bristlemoon Capital Feb 6

Ryanair’s €256M Fine May Be Tip of The Iceberg

Ryanair’s €256 million Italian antitrust fine targets its OTA-blocking system, while internal documents raise questions about Michael…

RYAAY $28B

310 Value’s Newsletter Jan 28 4 clicks

Lincoln Post: NFLX and Theaters, FCNCA Earnings

Netflix’s proposed Warner Bros. acquisition could preserve or expand theatrical releases, supporting cinema chains such as Cinemark and…

FCNCA $24B

Base Hit Investing Jan 25

Affirm (AFRM): Buy Now, Cry Later

Affirm, a $25 billion buy now, pay later lender, faces a short thesis comparing its model with failed subprime monoline finance companies.

AFRM $24B

Kerrisdale Capital Jan 21

Portfolio Update - January 2026

Portfolio update exits The Trade Desk, QXO and Park Hotels, then adds Tencent at a 35% discount, SoftBank for AI exposure and HelloFresh at…

QXO $12B

Modern Value Investing Jan 20

Wednesday, September 16, 2026

BDC on X

PAA Research on X

PAA Research on X

junkbondinvestor on X

⚽️📡 on X

KEDM.com on X

kab60 on X

kab60 on X

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