Thursday, September 24, 2026

Firefly Aerospace q2’26 Earnings Update

Firefly Aerospace ended Q2 2026 with $1.5 billion backlog and a 2.49x book-to-bill ratio, adding lunar, defense and launch contracts for Blue Ghost, Elytra and Eclipse.

FLY $3.9B

Monte Independent Investment Research Sep 24 16 clicks

Sep 23 ZIM $3.5B

A special situation with a 23% spread (110% IRR) by Q4 2026. Where the worst-case scenario is the deal closing and upside is higher if it doesn’t

Calvin Blissett 15 clicks

Sep 23 ONDS $4.3B

Research Roundup Vol. LIII

Monte Independent Investment Research 4 clicks

From X

@BarbarianCap Sep 24

Barbarian Capital on X

"an unusual turn of events that comes just after People withdrew its own bid to buy the casino and resort company" MGM Resorts Eyeing Bid for Barry Diller’s People Incorporated $MGM https://t.co/FjkNJ0r1PJ

@stockgutter Sep 24

SG on X

$DUOL as if the prior insider sales this month were not enough, Luis von Ahn just filed a form 144 revealing another $6.8m in sales. https://t.co/OMjQfsw4qd

@ActAccordingly Sep 24 2 clicks

PAA Research on X

All trading below their 200-day moving averages right now: - Dow transports ($DJT) - Industrials $XLI - Retail $XRT - $GS Right at the 200-day MA - $KRE. $RUT seems destined to test the 200-day. Normal late September action, but it doesn't feel good. I guess we're setting the state for some golden crosses come late October/November or we're going lower. $MAGS carrying the day like 2024 when we dreamed of lower deficits and lower rates....

@LaughingH20Cap Sep 24

Laughing Water Capital on X

@darkstarsats fair point - the difference however is that my statement is provably correct (even you agree that low band makes mid worth more), & we know that FCC supports $NN b/c of the draft NPRM. ipso facto there is in fact a readthrough for $NN, despite your declaration otherwise.

@valuedontlie Sep 24

Colin King on X

$PPLI withdraws bid for $MGM Shares of MGM down 11% today (essentially back to where they were before PPLI buyout proposal) Stock trades at less than 10x FCF and PPLI still owns ~27% https://t.co/I9RiOvWkri

@LaughingH20Cap Sep 24

Laughing Water Capital on X

@darkstarsats 7/x $NN) happy to have flaws in my logic exposed, but the real point is that the nuance is such that making declarative statements without working through the logic chain is IMHO not additive to the debate.

@LaughingH20Cap Sep 24

Laughing Water Capital on X

@darkstarsats 6/x $NN) thus, as you agreed, mid-band is more valuable if it has low-band to support it. Thus, the FCC is incentivized to support $NN, which we know they are doing b/c they issued a draft NPRM, which is admittedly stuck in OIRA review. For now.

@LaughingH20Cap Sep 24

Laughing Water Capital on X

@darkstarsats 5/x $NN) This is what customers actually care about. You can get around this by building more towers and hanging more radios and using midband for control, but that is less efficient and more expensive.

ZIM Integrated Shipping Services: Strategic Crossroads - Acquisition Or Dividend Bonanza Ahead

ZIM faces Israeli review of Hapag-Lloyd’s $35-per-share bid, with $2.46 billion cash and elevated transpacific rates supporting potential…

ZIM $3.5B

Melissa Tucker Sep 23

$FOUR: Shift4 at 6.5x EBITDA. Is the organic growth real? | Emeth Value Capital

Shift4 trades at 6.5x EBITDA despite 11% reported organic growth, with Shift4 Dine equipment leases cited as evidence of net-new merchant…

FOUR $2.9B

Yet Another Value Podcast Sep 22 21 clicks

Analog Semiconductor Smorgasbord, Feat. TXN, ON, VSH

Texas Instruments, ON Semiconductor and Vishay are rated Accumulate on rising robotics demand for analog, power and discrete chips after a…

VSH $5.8B

Cestrian Capital Research Sep 22 6 clicks

Monte Investments Market Brief Vol. CXXVIII

Firefly Aerospace grew backlog to $1.5 billion, won two 2028 lunar missions and acquired Space-ng for autonomous navigation across its Blue…

FLY $3.9B

Monte Independent Investment Research Sep 22 9 clicks

Cellebrite (CLBT) Management Meeting: The Road Ahead

Cellebrite converts more than 110% of EBITDA into free cash flow and trades at 12.5 times free cash flow, with management targeting 15% or…

CLBT $2.8B

Aurelion Research Sep 22 9 clicks

Meta's Muse Could be Big Win for Innodata

Innodata's new Meta contract for long-horizon agent personalization ties the data company to Meta's Muse AI assistant, despite Meta's Scale…

INOD $2.4B

Hunterbrook Sep 22 12 clicks

Undercovered Dozen: Rithm Capital, Sterling Infrastructure, Corning And More

Undercovered Dozen spotlights 12 lesser-covered stocks, including Rithm Capital, Sterling Infrastructure and Corning.

RITM $5B

The Undercovered Dozen Sep 22

Emeth Value Capital’s Andrew Carreon on Shift4 ($FOUR)

Shift4 trades at 6.5 times EBITDA despite 11% organic growth, with Shift4 Dine equipment leases reaching a $400 million run rate as…

FOUR $2.9B

Yet Another Value Blog Sep 22 4 clicks

Quick Value #331 - Corteva / Vylor Spin-Off

Corteva will spin off its Pioneer seed business, Vylor, on October 1, leaving crop protection RemainCo that could trade at 6.5-8.5x 2026…

CTVA $8.4B

Value Don't Lie Sep 21 5 clicks

[CoStar] Homes are different

CoStar spent more than $1 billion building Homes.com to challenge Zillow, betting seller-agent leads, proprietary listing content and…

ZG $6.2B

scuttleblurb Sep 21 4 clicks

CNR · long

Core Natural Resources INC

Core Natural Resources is a US metallurgical and thermal coal producer formed in January 2025 through the merger of CONSOL Energy and Arch…

CNR $4.4B

Value Investors Club Jun 1 1 click

LandBridge: It’s the Pore Space Stupid!

LandBridge’s produced-water pore-space royalties, 69% of Q3 2025 revenue, offer durable value beyond its volatile Permian data-center…

LB $6.4B

310 Value’s Newsletter Jan 19 2 clicks

Pool Corporation "Undisputed Industry Leader"

Pool Corporation derives 65% of sales from maintenance and repair, while scale and acquisitions support a 40-50% share of pool supplies.

POOL $5.8B

D Invests Jan 15

Telephone and Data Systems (TDS): The New TDS

Telephone and Data Systems, a $4.8 billion telecom holding company, is being reassessed after a decade of convoluted investor messaging.

TDS $4B

Kerrisdale Capital Jan 7

Contrarian Low-Cost Producer at a 15% FCF Yield + Excess Real Estate

California Resources (CRC) trades at a 15% FCF yield, owns roughly $80 per share of proven reserves and acquired Berry Petroleum at a steep…

CRC $4.7B

Base Hit Investing Dec 29

Haw Par Corporation Limited

Haw Par combines Tiger Balm’s stable cash flows with property, leisure and healthcare operations plus stakes in UOB and UOL.

HAWPY $2.9B

smallvalue. Dec 17 4 clicks

The Costco of Flooring ($FND)

Floor & Decor operates 262 warehouse-format flooring stores, pairing broad in-stock hard-surface selection with design services as it gains…

FND $4.9B

D Invests Dec 13

Movie Theaters Risk and Opportunities; Netflix/WBD Deal; Is Disney Cheap?

Netflix’s Warner Bros. Discovery bid pushed Cinemark down 25% in two weeks, raising concerns that Warner Bros.

CNK $4.3B

Base Hit Investing Dec 8

Portfolio Update November 2025

Portfolio gained 0.6% in November and 22.9% in 2025, adding Floor & Decor and Copart while exiting West Pharmaceutical, Kraft Heinz, Novo…

FND $4.9B

D Invests Dec 2

National Beverage Update

National Beverage’s rare share repurchase is framed as a buy signal, with 50% upside projected.

FIZZ $2.7B

Nat Stewart - Stock Picking Newsletter Nov 25 3 clicks

Thursday, September 24, 2026

Barbarian Capital on X

SG on X

PAA Research on X

Laughing Water Capital on X

Colin King on X

Laughing Water Capital on X

Laughing Water Capital on X

Laughing Water Capital on X

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