Bullpen.News From Edwin Dorsey
Get Daily Recap Feedback

Wednesday, October 7, 2026

Back to today

What I’ve Been Up To

Cogent Communications and AI data-center bottlenecks feature in a newsletter update on recruiting, financial media and conference takeaways.

CCOI $430M
Stock Thoughts 2 clicks

From X

@majgeoinvesting

Maj Soueidan on X

Absolutely right. And here’s why I like the CEO of $RFIL. He’s not touting “hypescalers” in his major TAM. He thinks some benefit will partly arise from the need for edge solutions because of data centers. He’s very quick to say that the opportunities are big in other areas. In my interview with him at the @MSmicrocaps 2026 virtual, I made sure to ask him how penetrated the telecom DAC opportunity was. He said barely. Will be interesting to fact check that, but that means the opportunity is pretty big and wide open. Back on the subject of data centers, I’m also hearing that modular data centers are finally gaining momentum. So, even though RFIL would not have a solution for hyperscalers, I’d presume they can have some presence in the modular business.
@BrokenMoats 1 click

Broken Moats on X

2 questions: How come there are no institutional owners of this business (small cap fundamental funds, not the two ETF asset aggregators)? Whats the right multiple for a business that has burned 20m in FCF YTD (isolating SBC as it may not be a "cash" cost but is dilutive) on 45m in gross profit? Legitimate question? 4.4x ev/sales does not say cheap to me looking at their financial profile or where more asset light businesses are taking currently The history of these type of CapX security companies has been rather poor. Look at $SSTI and theres been others in the small cap space. Maybe this one's different I have only briefly looked at the business a few times over the years.
@DOMOCAPITAL

DOMO Capital Management, LLC on X

What makes $MNRO even more interesting is that short interest is ~22.5% of shares outstanding and 41% of the float as not only does Icahn have ~32% of shares tied up, but Gabelli (GAMCO) is also involved. This is probably why cost to borrow is so cheap. Shorts are betting on a dividend cut, but completely ignoring the fact that Icahn/Gabelli and others have 40%+ of the shares. Icahn is now flush with cash from the sale of Pep Boys to Mavis. He can either offer similar terms for $MNRO and buy the remaining shares for $25/share and come away with a superior asset vs Pep Boys or he can push for a sale of the entire company at a similar price or even more. Poison pill expires November 6th... going to get interesting. If there ends up being a proxy battle then all of these shares would have to be called back which would significantly increase short borrowing costs....

Investor Letters

All letters

Solid Power Still Has Promise

Solid Power reported a $0.11 Q2 loss and $419.3 million of cash, with its electrolyte pilot line and BMW and SK On validation central to…

SLDP $518M
Quad 7 Capital 2 clicks
ABG · long

Asbury Automotive Group INC

Asbury Automotive Group's changed setup and underperformance versus other public dealers form the basis for a renewed long thesis.

ABG $3B
Value Investors Club

Publications we follow

Every publication on this site, hand-picked.

109 publications

Newsletters 92

YouTube 4

Blogs 12

Seeking Alpha 46 of 222

Nominate a publication

X accounts we follow

Every account on this site, hand-picked.

74 accounts
Nominate an account

Investor letters we follow

189 firms

Sectors

Ordered by how often our editor reaches for them.