Wednesday, November 11, 2026

Q3 Earnings: XPEL, Liberty Capital, Douglas Dynamics, Strattec, Seaport (XPEL, GLIBA, PLOW, STRT, SEG)

Liberty Capital’s GCI business grew 5% in high-margin healthcare and school contracts, while Quintillion could lift EBITDA to $440 million and create statewide fiber redundancy.

PLOW $850M

Hidden Gems Investing 22h ago 2 clicks

27h ago CARS $701M

Is Cars.com a Buy on the Basis of Owner Earnings?

The Owner's Memo 1 click

38h ago QMCO $661M

Signs of the times: Quantum Corp. surges, Quantum Computing slumps again

The Technology Letter 3 clicks

From X

@StableBread 29m ago

Fajasy on X

Read $FTEK’s M&A language in its Q3 release here: Continue reading here for what $FTEK’s cash and book value say about the downside:

@StableBread 29m ago

Fajasy on X

Ramesh Nuggihalli, the new CEO of power plant pollution-control company Fuel Tech $FTEK, spent most of the Q3 call on strategy rather than the quarter. He’s running a planning process with outside advisors he’s worked with before, plus a smaller team already identifying acquisition targets, and plans to take the strategy and an “M&A playbook” to the board in early 2027. He listed three gaps acquisitions would fill, in this order: 1) Products: Technologies Fuel Tech doesn’t offer today. 2) Markets: Customers and end markets it doesn’t serve. 3) Business models: Such as turning its informal service work into a standalone business built on long-term service contracts. He didn’t say how much of the $27.8M of cash and investments the board would spend, but at an H.C. Wainwright conference in September, he said he doesn’t need “$50 million-$100 million deals,” just “a $2 million EBITDA company” that fills a product or channel gap. Nuggihalli’s also reviewing R&D spending on DGI, $FTEK’s technology for dissolving oxygen into water. Adoption in aquaculture (fish farming) “has been slower than anticipated,” so $FTEK is evaluating larger parts of the water market. In August, a first commercial hatchery system was the DGI milestone I said to watch. But DGI barely matters to the thesis: it’s still in pilots, Nuggihalli called $FTEK’s investment in it “modest,” the only 2026 revenue management has mentioned is $100K from a wastewater rental, and I gave it no value in August.

@leevalueroach 2h ago

Lee Roach on X

I built a tool last night that scrapes ammo and gun prices across hundreds of different websites. I am seeing 9mm ammo prices up 47% y/y and .22 LR up 50% y/y. Gun market is still soft but the ammo market is tightening pretty fast and guns will likely follow. With dems sweeping I think demand for ammo and guns will continue to outpace supply. $RGR looking good here with Beretta taking massive position. I like $SWBI here too. If Olin wasn't going through that merger with Huntsman I would probably drop my nuts on the table here with their ammo division but I hate big mergers.

@stockgutter 2h ago

SG on X

update: $IMXI to fight termination

@convequity 2h ago

Convequity on X

Why AI's next optical winners may come from headlights, displays and LiDAR 🔍 Scarce, high-power lasers are hitting limits. Lighting, display and LiDAR makers are adapting their tech for cheaper AI links. $AMS $HIMX $AEVA $MVIS $QUBT $VECO

@stockgutter 3h ago

SG on X

$WU $IMXI deal terminated, no payment due. Great news imo.

@stockgutter 3h ago

SG on X

Why is there no Pakistan ETF? Its a large, very populous country with some serious businesses. I am aware of only one Pakistani company listed in the US: Netsol $NTWK, which I own. Even NetSol says it is headquartered in Encino, CA but really most of its management and operations are in Pakistan. Are there others worth looking into?