Bullpen.News From Edwin Dorsey
Get Daily Recap Feedback

Wednesday, November 4, 2026

Back to the front page

From X

@DOMOCAPITAL

DOMO Capital Management, LLC on X

Many may think the portability of the Ares financing may point towards Icahn acquiring $MNRO. However, I believe it strongly points of a sale to MAVIS! Most may immediately dismiss this since Mavis is disqualified to be the "New Sponsor" since it's an operating company. However - Mavis is owned by US-based PE firms - an investor group led by BayPine, along with TSG Consumer Partners, a holding company controlled by the Sorbaro brothers and Golden Gate Capital. They easily clear the size test (at least $1.5 billion of AUM for the lead firm) and the location test (US-based). The definition also seems to anticipate holding-company structures: after a permitted deal, a parent company in which the "New Sponsor" holds the largest stake doesn’t count as a change of control. Why does this matter? Either BayPine or TSG could as as the sponsor and then put $MNRO alongside Mavis under a structure that they control. The probability that Monro gets sold to Mavis (at least in part) is very high in my opinion. If Icahn gets involved, I think it's more likely that since Icahn still owns the Pep Boys land that he sold to Mavis that he potentially comes in and acquires the $MNRO land with the rest of the company going to Mavis.

Investor Letters

All letters
BMBL 2026-10-21

Bumble is being taken private

Bumble agreed to a $6.05-per-share cash sale to Ithaca Holdings, 136% above its October 2 share price.

BMBL $790M
Modern Value Investing 8 clicks
SMWB · long

Similarweb LTD

Similarweb (SMWB) is presented as a long, revisiting the company’s digital-intelligence business after two prior VIC write-ups.

SMWB $766M
Value Investors Club 11 clicks

The Verra Sneerer (NASDAQ:VRRM)

Verra Mobility renewed Hertz tolling management for five years. AutoKinex lets rental customers buy tolling, fuel and protection products…

VRRM $333M
The Oak Bloke 6 clicks

Portillo’s: Strategic Reset

Portillo’s reset follows weak Texas unit economics, cutting next year’s openings to five from roughly 10 annually and shrinking store…

PTLO $515M
TSOH Investment Research

Publications we follow

Every publication on this site, hand-picked.

129 publications

Newsletters 109

YouTube 4

Blogs 15

Seeking Alpha 74 of 275

Nominate a publication

X accounts we follow

Every account on this site, hand-picked.

91 accounts
Nominate an account

Investor letters we follow

359 firms

Sectors

Ordered by how often our editor reaches for them.