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Sunday, November 8, 2026

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@DOMOCAPITAL

DOMO Capital Management, LLC on X

$PESI results showing great stabilization with the key line being: "Results were held back by customer-directed changes in treatment protocols on a Hanford-related waste stream, which required performance testing and final approvals that were not provided until late August. Processing did not reach full operations until September, pushing revenue out of the quarter." Despite this - EBITDA improved from -$6M in Q2 to -$3M in Q3. Most importantly - backlogs rose 25% quarter over quarter and Services gross margin nearly doubled. I would expect management to provide color on the call that Q4 could potentially be break-even which I think will be a seminal moment for the company (and the shares). With the Hanford progress (and with the elections being over), the odds of grouting at East beginning sooner vs later have skyrocketed. I think it's likely just up from here in regards to the share price. Wouldn't be surprised to see this back over $20 soon. It's a long-term hold for DOMO Capital as this should be a $100+ stock once Hanford fully ramps.
@calvinblissett

Calvin Blissett on X

Telkom Indonesia (TLKM/$TLK): 9x P/E, 11% dividend, separable assets ≈80–95% of market cap, stub at ~2x EBITDA. Industry went from 11 operators to 3, a new rule kills the price war, and MSCI is forcing the sellers. Buffett said he was late to railroads after the industry rationalized, BNSF bet still worked. Indonesian mobile just made the same trip, and you get paid 11% a year to wait out the index committee https://t.co/FemDKMduEB
@StableBread

Fajasy on X

The companies spending the most on AI are paying for more of it with debt. To understand whether debt-funded spending like this is indicative of a bubble, we can look at William Quinn and John Turner’s bubble triangle, which says a bubble needs three sides: marketability (how easily an asset trades), money and credit, and speculation. The AI boom arguably has all three sides: → Marketability: Index funds held 52% of U.S. long-term fund assets at the end of 2025, up from 19% in 2010, and they buy each stock in proportion to its size, so the biggest AI stocks get the most of every new dollar. → Money and credit: $MSFT, $GOOGL, $AMZN and $META are on track to spend more than $730B on capex in 2026, up from $410B in 2025, and their Q3 reports didn’t change that. $AMZN still expects ~$220B, and $META narrowed its range to $135-145B. Investors are borrowing more too, with margin debt at $1.48T in September, just below June’s record $1.50T. → Speculation: AI startups raised 82.7% of the money U.S. venture capital firms invested in 2026 through September, a record share, up from 65.4% in 2025. So more of the private money is betting on a single theme. $META’s also raising money by selling stock. Its October 27 pricing term sheet shows it sold 40M shares at $625 through forward sale agreements, plus $12.5B of mandatory convertible preferred stock, which together bring in $37.4B of net proceeds once the forward sales settle by November 2027.

Investor Letters

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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

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
TNLIF · long

Trainline PLC

Trainline’s buyback and high free-cash-flow yield support a long thesis.

TNLIF $903M
Value Investors Club

AMD Q3 FY26, Annotated

AMD's Q3 revenue rose 45% to $13.4 billion as data center reached $8.5 billion, 64% of sales, driven by EPYC and Instinct ramps.

AMD $660B
Chipstrat 2 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

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