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Friday, November 6, 2026

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Post Q3 EVC Update

EVC's Q3 update cites $30 million for a single station, a broadcast-business sale and stronger positioning for 2027.

EVC $832M
Nat Stewart - Stock Picking Newsletter 23 clicks

From X

@StableBread

Fajasy on X

U.S. Customs and Border Protection (CBP) detained just $13,770 of TOYO Co., Ltd’s $TOYO solar cells in May, yet by $TOYO’s own account, the review affected its Q3 and Q4 2026 earnings. CBP enforces the Uyghur Forced Labor Prevention Act (UFLPA), which presumes that any product made even partly in China’s Xinjiang region involves forced labor, so the agency can hold solar shipments until the importer documents where its polysilicon came from. The cells were worth little, but U.S. customers pulled back. $TOYO’s largest customer (35% of H1 2026 revenue) placed no orders in June, Ethiopian production lines sat idle that month, and moving their costs into G&A drove most of a ~$3.4M rise in other G&A costs in Q2. Rhone Resch, $TOYO’s Chief Strategy Officer, said on the Q2 call on August 19 that the total amount detained was “not all that significant,” and he was optimistic the detentions would be released in Q3, which ended September 30. By October 6, 2026, when $TOYO held its Analyst Day, CBP had detained four of $TOYO’s cell shipments, though $TOYO didn’t say how many cells or dollars they carried. Resch called the detentions “almost a normal part of the process,” and on the Q2 call, he had said CBP moves a company to an expedited path “after about four reviews or so.” He also introduced Ana Hinojosa as part of the $TOYO team, noting she was CBP’s former Executive Director of Trade Remedy Law Enforcement. She told analysts the company was “very optimistic that the resolution of the detentions is a day to a week away.” I found no announcement of a release in $TOYO’s press releases or filings through October 26. VSUN, the Vietnamese panel maker $TOYO was carved out of, has had the same problem. Abalance, the Japanese group that controls both companies, disclosed that CBP refused entry to part of VSUN’s panels from Vietnam in January 2026, costing it ¥2,082M (~$13.3M at today’s exchange rate), and that solar products from two major overseas subsidiaries, which it didn’t name, were detained under the UFLPA. I’m not comfortable with the detentions yet, since CBP doesn’t appear to have a deadline to decide, and June already proved that customers stop placing orders while $TOYO’s cells are under review.

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Entravision Q3 Update

Entravision’s Q3 ad-tech revenue reached $177.2 million, up 133% year over year, while total revenue rose 88% to $226.3 million and diluted…

EVC $832M
The Value Road 4 clicks

Axon 3Q26 Business Update

Axon cut full-year guidance after delayed federal Dedrone contracts slowed 3Q revenue growth to 28%, while software and services grew 43%.

AXON $31B
Speedwell Memos 3 clicks

GREAT DEC-TECTIVE WORK

Diversified Energy reported $255.6 million of “true” nine-month free cash flow, while its $1.8 billion Birch acquisition would shift…

DEC $900M
The Oak Bloke 2 clicks
AAP · long

Advance Auto Parts INC

Advance Auto Parts, AAP, is presented as a long idea following prior write-ups at $48.81 per share in January 2025.

AAP $2.9B
Value Investors Club 1 click

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