Quick Value #332 - Gentherm (THRM)
Gentherm’s Oct. 1 Reverse Morris Trust with Modine adds commercial and off-highway operations, leaving THRM at 7.4x pro forma EBITDA with under 1x leverage.
Monday, September 28, 2026
Back to today
From X
John_Hempton on X
@stubmt I lost 0.02 percent on $AMC today. Position is tiny.
Barbarian Capital on X
AAR to Pay $1.8 Billion for Stake in Aircraft-Maintenance Company $AIR https://t.co/y3DZLQRhaO
Barbarian Capital on X
Vail Resorts Loss Widens After a Year of Tough Weather $MTN https://t.co/8UH8LNPKDb
Barbarian Capital on X
$CROX new demand driver uncovered https://t.co/sJumnF7PRz
Lee Roach on X
Timberland companies looking pretty decent here. $RYN. https://t.co/tlr3d7MiCs
marginofdanger on X
$HHH perhaps this line from the recent proxy filing is what is causing market to move: "Discussions will include ... efforts to significantly reduce the capital intensity of Howard Hughes Communities" https://t.co/8sBEkb8X5A
Prepared Remarks on X
Why shouldn’t I look at $PLNT?
Investor Letters
All letters- Protean Funds August 2026 BVNKF $2.5B
- Pendelhaven Asset Management B.V. July 2026 ALM $3.8BJXN $8.8B
- PenderFund Capital Management Ltd. July 2026 AUTO $4.6BKXS $3.4B
- Kernow Asset Management July 2026 CKNHF $2.1BCMCX $2.5B
- Lindsell Train Limited July RMVEY $3.3B
- Asset Value Investors Ltd July 2026 9301 $3.2B
- Kingdom Capital Advisors Q2 2026 CNR $4.4B
- Andvari Associates Q2 2026 MBGL $5.1B
Sezzle: The Market Is Underestimating This High-Growth Fintech
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TSOH Weekly Roundup (09/25/2026)
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Vista Energy's Q2 2026 production rose 32% and revenue 89% as Vaca Muerta acquisitions expand its Argentine export platform and cash…
Alan Galecki 5 clicks
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…
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
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Research Roundup Vol. LIII
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VSEC · long Vse CORP
VSE Corp trades at $185, with a stated $246 fair value and 2027 estimated EV/EBITDA of 15x.
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AEHR earnings are the focus, with a late call acknowledged alongside results from TSMC, NXP, Alphabet, Texas Instruments, VAT Group and…
AAON
AAON shares have fallen 45% from November 2024 highs as core HVAC bookings weaken, while BASX supplies hyperscale data-center growth.
Quiet Compounders, a Hidden Moat and an 18% FCF Yield at Pitney Bowes (PBI)
Pitney Bowes trades at an 18% FCF yield, with 25% operating margins, 30%-plus ROIC and plans to return free cash flow mostly through…
Alta Fox NATL Presentation
Alta Fox values NCR Atleos at $100 a share, citing ATM-as-a-Service growth, deleveraging and buybacks.
Pt III: A High Quality Tech Provider with an Emerging Event-Angle
IMAX China, Hong Kong-listed 1970, is IMAX’s exclusive Greater China licensee, earning box-office-linked fees from premium large-format…
Envista (NVST)
Envista, Danaher’s dental spin-off, is pitched as a de-risked long-term opportunity after U.S.
When extend and pretend is a virtue
Upstart says longer repayment terms lifted Q1 debt-settlement acceptances 50%, but does not disclose delinquency changes or the number of…
ILMN: Activism! Part Deux
Illumina appointed activist Keith Meister to its board as an SEC investigation into the Grail acquisition raises questions over 122.5…
CNK Buyback, Special Situation Review, and Some Thoughts on Theaters
Cinemark’s $200 million buyback anchors a review of theater cost structures, MCS and a completed Fairfax preferred-share special situation.
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