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Wednesday, October 21, 2026

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@orrdavid 4 clicks

David Orr on X

The next 5 years could be an incredible stock picker's market. Long the companies that win from AI efficiencies but whos business is not threatened by AI. Companies who get to fire their lawyers and accountants etc but already have an impossible to beat scale advantage (because AI does not attack that scale advantage). Short the companies that lose from big AI threats. $RSP $SPY $IWM etc could go nowhere for 5 years while half the stocks trade down 70%, half trade up 70%.
@AsifSuria

Asif Suria on X

"We believe mgmt. wants to make sure it gets credit for that ramp, which could happen by letting the next 1-4 quarters play out." Management at $LION has been deeply entrenched and the company has become an "activist black hole". Carl Icahn's protege Mark Rachesky disappeared into it and it also swallowed our former Treasury Secretary Steven Mnuchin. At least after Mnuchin got involved, we managed to get rid of the dual class structure and Starz $STRZ was spun out. Like @valuedontlie I should have doubled down on Starz instead of $LION. Still long Lionsgate Studios and still willing to be patient but it feels like Feltheimer has perfected the art of moving the goal post.
@StableBread 4 clicks

Fajasy on X

“We are in active discussions with some of the largest GPU consumers in the world, with requirements ranging from 10,000-50,000 GPUs. Those discussions are not yet contracts, and we will announce them only when they are.” That’s what Boost Run $BRUN CEO Andrew Karos said on the Q2 call. None of my bear, base, or bull cases considers a contract with one of those buyers. At Thinking Machines’ $3.59/GPU-hour, a single 10,000-GPU contract would bring in $314.5M/year, 78.6% of the $400M 2026 target. Karos also said $BRUN is procuring another $4-5B of computing hardware from multiple manufacturers. If all of it were rented out on three-year contracts at 1.4x TCV-to-capex (contract value divided by what the GPUs cost), the hardware would bring in $1.9-2.3B/year, 4.7-5.8x the 2026 target. But if lessors fund 79.5% of the purchases, as they did in H1 2026, $BRUN would also take on $3.2-4.0B of new lease debt. So how $BRUN finances the procurement decides how much of the $1.9-2.3B reaches shareholders.

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TSOH Weekly Roundup (10/16/2026)

Bumble agreed to a $1.3 billion take-private deal, while Netflix cut about 1,000 jobs and Meta discussed its Muse superintelligence models.

BMBL $783M
TSOH Investment Research 12 clicks
BNTC · long

Benitec Biopharma INC

Benitec Biopharma's BB-301 gene therapy is in a Phase 1b/2a trial for an ultra-rare muscular dystrophy.

BNTC $315M
Value Investors Club

ContextLogic

ContextLogic’s US Salt holds about 23% of the US and Canadian pharmaceutical-grade salt market, one of only two suppliers, supporting…

LOGC $686M
Kairos Research

Jumia

Jumia’s January 2028 $7/$15 call spread risks $1.15 for up to $6.85 if cost cuts and marketplace growth deliver adjusted EBITDA and…

JMIA $779M
Triple S Special Situations Investing 13 clicks

Performance Review: H1 2026

REIT holdings outperformed in H1 2026, with Veris Residential sold in a $19-per-share take-private and FrontView REIT trimmed after a 78%…

FVR $426M
Real Assets, Real Value

Stock Trade Compilation Diez

E.W. Scripps, Team Internet, Monro, doValue and Inter & Co feature as special-situation trades involving mergers, asset sales, leverage and…

MNRO $431M
Triple S Special Situations Investing 9 clicks

Entravision Q2 Notes

Entravision’s ATS revenue rose 230% to $182.8 million in Q2, but shares fell from above $14 to about $8 after management forecast…

EVC $584M
The Value Road 13 clicks

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