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.
Tuesday, September 29, 2026
Back to today 
From X
DOMO Capital Management, LLC on X
$ALTO $GPRE E15 👀👀 "Senate Republicans will include language to permanently allow year-round sales of E15 fuel in the farm bill they plan to mark up next Thursday, according to two people familiar with the plans."
Timyan Bank Alert on X
Activist investor prods Washington bank to sell $CSHX https://t.co/XjIjYSAw1Y via @bankingdive
DOMO Capital Management, LLC on X
$ALTO $GPRE Growth Energy Applauds Progress on E15 Approval in California https://t.co/pEPyImYD8m
BDC on X
Majority of EPS growth is in tech. Rest of the market EPS growth is tepid. $QQQ imploding, $RSP ripped. Sustainable?
Timyan Bank Alert on X
Fresh 13d $CZWI https://t.co/MTL5UT6J07
Ian Bezek on X
Well would you look at that. $COLO $EWY https://t.co/fIuPhTl9TI
Red Dog Capital on X
$DRAM short has been okay
Red Dog Capital on X
@FoxNews Paging $SABR
Investor Letters
All letters- PenderFund Capital Management Ltd. August 2026 TGMPF $183MVHI $336M
- Forager Funds Management August 2026 EMCHF $66MIDPUF $554M
- Protean Funds August 2026 SUSRF $262M
- PenderFund Capital Management Ltd. July 2026 TSAT $703M
- Pendelhaven Asset Management B.V. July 2026 DR0 $448MGRVY $463M
- Asset Value Investors Ltd July 2026 079940 $393M
- Forager Funds Management July 2026 BVS $960M
- Palm Harbour Capital July 2026 064850 $169M082920 $998M
IEH Corporation: Research Note
IEH booked $3.6 million in mobile-defibrillator connector orders, lifting its medical revenue outlook and diversifying beyond aerospace and…
EuroDry: Strong Prospects But Downgrading On Valuation Concerns - Hold
EuroDry shares rose more than 300% year to date as dry bulk markets strengthened, but an aging fleet, no dividend and a $20 million equity…
Henrik Alex 4 clicks
ARKO. 3x Owner’s Earnings multiple, 21% ROCE, Founders involved and large shareholders, Stake in a public company>market cap. Superb Capital Allocators
ARKO trades at 3 times estimated 2025 owner’s earnings, while its 73.6% APC stake exceeds its $473 million market cap.
Bumble, 2x Owner’s Earnings. Sentiment is abysmal, the founder is back. The stock could easily be a multibagger.
Bumble trades at roughly 2x owner’s earnings and 4.76x enterprise value, with Whitney Wolfe Herd’s return central to a rerating case.
Pacific Health Care Organization - OTC:PFHO
Pacific Health Care trades below its more than $1 per-share net cash despite profitable workers’ compensation claims services, California…
DeFi Development: The Clarity Act Failure Tests The Solana Treasury Thesis
DeFi Development’s Solana treasury strategy faces dilution, preferred dividends and tight liquidity after a 50% rally, with $4.3 million of…
Dorine Cherop 
This Week in Special Situations: Cooper Companies, Sturm Ruger, Grab Holdings, Boston Omaha
Special-situations survey flags Cooper’s $3 billion buyback, Grab’s $900 million repurchase, and Beretta’s $44.80 partial tender for Sturm…
A special situation bet on the power of incentives with 10x upside in a mandated year timeframe.
Beasley Broadcast Group's equity hinges on repaying or arranging sales for roughly $115.5 million of debt by September 2027, before PIK…
LifeMD: Still Undervalued Despite Earnings Miss
LifeMD cut 2026 revenue and EBITDA guidance as subscribers fell and customer acquisition costs reached 59% of revenue, prompting a shift…
Eli Gooch 
Initiation Report
Zentek initiation report.
SFIX · long Stitch Fix INC
Stitch Fix’s 2017 IPO rested on overly ambitious long-term growth expectations and an unrealistic definition of its addressable market.
Greenland Energy Company: A Speculative Play On The Monetization Of Greenland
Greenland Energy Company holds 2.1 million acres in the Jameson Land Basin, but drilling permits, political risk and warrant dilution cloud…
Ron Ferrie 
CVD Equipment Corporation (NASDAQ:CVV)
CVD Equipment is winding down manufacturing, cutting half its staff and weighing liquidation, with $23.5 million of cash and a…
The Groupon Turnaround — Dušan Šenkypl & Rana Kashyap | Ep. 3
Groupon CEO Dušan Šenkypl and CFO Rana Kashyap discuss rebuilding the local-experiences marketplace with AI infrastructure, better…
Independence Realty Buying Centerspace: Opportunity And Implications
Independence Realty Trust is buying Centerspace in stock to create an $8.1 billion apartment REIT, targeting 5% 2027 Core FFO per-share…
Dane Bowler 
NET Power (NPWR):
NET Power’s $1.80 shares are paired with January $2 covered calls for 40 cents as the company pivots from carbon capture to Permian…
NewtekOne: Pivot Towards Holding Guaranteed Loans A Good Strategy
NewtekOne’s bank conversion and retention of SBA-guaranteed loans target recurring income, while a 6% yield and book-value valuation…
Stephen Nemo 
Sofwave Medical: Lifting Skin While the Beauty Sector Sags
Sofwave Medical grew Q2 revenue 43% as recurring usage fees reached 46% of sales for its non-invasive ultrasound skin-tightening devices.
Zack Buckley on $PRTH's take private
Priority Technology’s chairman offered $6.00 to $6.15 a share to take PRTH private, while Zack Buckley argues Treasury Solutions and…
(Idea) GeoPark’s Venezuela Deal Creates More Upside—And A More Difficult Valuation
GeoPark’s Bare Block acquisition targets $1.2 billion of 2030 EBITDA, but 42.1 million to 47.6 million new shares and Gilinski control…
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Conor Maguire | Value Situations
Convequity
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Deep Sail Capital
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DOMO Capital Management, LLC
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Farmer
Fierce_beast
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Idea Brunch
JabroniCoin.USD
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Lee Roach
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Mike
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SG
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Timyan Bank Alert
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ToffCap
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Voss Capital
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