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Monday, November 9, 2026

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41 Stock Pitches (2nd-8th November) 🟢

Blue Dolphin Energy trades near 1.3 times earnings as its Texas refinery benefits from diesel shortages, with projected 2026 EBITDA of $111 million against a $125 million market value.

BDCO $147M
Capital Employed 2 clicks

From X

@ACapitalLP

A Capital on X

Great additions. Was starting with the more liquid names. $CODI is absurdly undervalued, with asset sales a clear catalyst. $STGW is fascinating. Nobody knows it because it sounds like what British people call a bachelor party rather than well known peers WPP or Publicis, yet the underlying growth is exceptional. More management meetings lined up than I can ever remember seeing. Hard to imagine investors walking out of those anything but impressed…
@StableBread

Fajasy on X

Fuel Tech $FTEK, the power plant pollution-control company, nearly tripled its air pollution control (APC) backlog this year, but none of the new awards came from data centers. APC backlog reached $16.6M as of September 30, up from $14.3M as of June 30 and $7.0M as of December 31, and the $3.3M of APC contracts announced with the results take it to $19.9M. In my August 27 deep dive, I said a first data center order or signed capacity reservation could land by the end of Q3. But none of 2026’s announced awards is a data center order, and neither the Q3 release, the 10-Q, nor the Q3 call mentions the reservation agreement management said in August it was negotiating with a potential data center customer. CEO Ramesh Nuggihalli did call the data center opportunity “significant” on the call, and said the 2027 budget factors in “some of the mega project bidding” that’s still underway. I don’t think management misled anyone, since it only called a Q3 award “a possibility.” But data center awards $FTEK hinted at have now failed to land in two straight quarters, so don’t be surprised if the data center option doesn’t come by Q4.

Investor Letters

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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

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 3 clicks

Research Note

Nine Mile Metals is the subject of a research note.

VMSXF $14M
Atrium Research - Equity Research 5 clicks

Site Centers (NYSE:SITC)

Site Centers' $3 per-share return-of-capital distribution and December delisting leave a discounted liquidation stub, with two properties…

SITC $192M
Real Assets, Real Value 5 clicks
BW · short

Babcock & Wilcox

Babcock & Wilcox is priced for AI power demand despite a one-time related-party project, with FY2028 EBITDA 35% below consensus implying…

BW $486M
Value Investors Club 2 clicks

What I Read This Week

Cable stocks face renewed broadband share-loss concerns from LEO satellites, while AI links cover Microsoft, Google, Amazon, Anthropic and…

CCOI $324M
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