Thursday, November 12, 2026

Looking Back at Another Successful Thesis

DoubleU Games raised its all-cash tender offer for DoubleDown Interactive minority holders to $16.25 per ADS from $11.25 after net cash made the earlier bid untenable.

DDI $779M

The Value Road 4h ago 2 clicks

2h ago COUR $930M

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Latticework by MOI Global 1 click

25h ago LSAK $305M

Quick note on LSAK and GRPN

Mispriced Assets 5 clicks

From X

@majgeoinvesting 1h ago

Maj Soueidan on X

$BWEN continues to show us why something ain’t right with legacy mgmt. Two asset sales, still a good amount of debt.. still losses. Who cares about sales growth if you can’t make money. Questionable if acquisition gets them to profits, but they’ll keep talking about their EBITDA gains. Still on the sidelines for now. Bush league…

@Fierce__beast 2h ago

Fierce_beast on X

$EVLV I don't look at gross profit only, i look at profit to shareholders after all maintenance expenses like SBC and also capital required to grow the business. I will probably make enemies because of this hardline. On that metric the business is losing money and you'd think by now at their (9k locations?) scale they'd be a lot more profitable. Understanding how much a company currently generates in profits should be simple to understand and not require elaborate gymnastics

@david_katunaric 2h ago

Mikro Kap David on X

$SGA reported numbers so bad the CEO had to reference Cortés' expedition of 1519 to explain his strategy... wow (No, I'm not joking)

@Fierce__beast 3h ago

Fierce_beast on X

ARR growth rate is stable finally, but what about their profitability? Think about how easy it is to game ARR and how many company's did successfully before collapsing. not sure it will happen to $evlv, but it does provide a warning to over relying on company derived KPIs, especially if that company has had a history of changing metrics, changing managements, and being successfully sued for providing inaccurate marketing material. Profitability is not improving and that is not a good sign for their LT goal you can be a company that grows revenues and expands margins, you can be a company that grows revenues but contracts margins, you can be a company that grows margins but contracts revenues. you can be a company that loses revenues and margins at the same time. which one is evolv $evlv bulls will argue that we should wait for another quarter or two before we see an inflection in profits. that eventually they will scale into their business. i'm afraid to say that i'm suspicious that profits will materialize in any meaningful way ever. if the technology was so transformative and so much better than competitors, and that they have thousands and thousands of customers already, then why is it still losing money?

@leevalueroach 3h ago 1 click

Lee Roach on X

Only twenty minutes until the greatest media company in the world, Saga Communications $SGA, has their Q3 earnings call. Can’t wait to hear a stupid and pointless story about how Mr. Forgy bought a footlong hotdog and shoved it down his throat back in 1983 while listening to the radio in his car that peels down some Ohio shithole road. Listen guys, Saga is the greatest media company in the world. They sell gift cards and banner ads on Wordpress HTMl websites (digital media). Everyone listens to the radio you know? It’s like 95% of the population listens to the radio. Greatest media company in the world folks. Get ready for the earnings call. This company is a monster.

@SowingAlphaSeed 3h ago

Farmer on X

$ORR is really pulling through this week.

@leevalueroach 4h ago

Lee Roach on X

DoubleU Games told $DDI’s special committee that $16.25 was the most its Korean valuation firm could support. That firm’s report is now public. Its range runs to $17.72. The committee had asked for $17.00. Tender expires Dec 10.

@majgeoinvesting 4h ago

Maj Soueidan on X

Well, I guess CEO of $LEAT wasn’t kidding around when he said Q3 got off to a hot blazing start. EPS: 30c vs 8c and up sequentially. 🥷 InfoArb in the microcap space = 🫠 Hats off to @OlivierColombo & @Diego_La_Torre_ for their unwavering conviction PR: