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
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John_Hempton on X
@stubmt I lost 0.02 percent on $AMC today. Position is tiny.
Barbarian Capital on X
Burford Capital to gain up to $1.4 bn from Apple patent defeat $BUR https://t.co/FijYGEP3fo
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
DOMO Capital Management, LLC on X
@taketheLearly @GasBuddyGuy @grok $ALTO $GPRE
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
Deep Sail Capital on X
$ARQQ - Closed and reopened this one once already. Back to a good spot to re short it. Borrow came down a bit recently.
Investor Letters
All letters- PenderFund Capital Management Ltd. August 2026 VHI $338M
- Forager Funds Management August 2026 BVSFF $1.4BIDPUF $554M
- Protean Funds August 2026 BVNKF $2.5B
- Pendelhaven Asset Management B.V. July 2026 DR0 $443MALM $3.8B
- Asset Value Investors Ltd July 2026 079940 $396MVVVNF $1.6B
- PenderFund Capital Management Ltd. July 2026 NEO $1BVNP $1.9B
- Kernow Asset Management July 2026 CKNHF $2.1BCMCX $2.5B
- Lindsell Train Limited July RMVEY $3.3B
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Updates
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I Tested Three Cannibals Against Dillard’s. I Bought Two. (CROX, CNX, GPI)
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Aggressive Portfolio Trades: Buy Vail Resorts, Buy ORR, Short GEO
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🍔New Chapter 11 Bankruptcy Filing - Meritage Hospitality Group Inc.🍔
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Bumble, 2x Owner’s Earnings. Sentiment is abysmal, the founder is back. The stock could easily be a multibagger.
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Quantum Computing: Continuing To Evolve And Transition From The Lab To Commerce
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Marc Gerstein 
Research & Analysis: Ultra Clean Holdings (NASDAQ: UCTT)
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Anterix: The Spectrum Case Is Real, But The Chart And The Insiders Say Wait
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