BGIN: a $34mm tax bill and $31mm of cash
BGIN holds $31.4 million of cash against $34.1 million in taxes payable as first-half revenue fell 85% and self-mining costs exceeded coin output.
Saturday, November 14, 2026
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DOMO Capital Management, LLC on X
Over the next three years $GPRE earnings are going to exceed its entire enterprise value.... That's insane and it isn't based on any temporary factor such as the Iran war. These are durable, sustainable earnings. How does the market possibly come to a $14 valuation on this? Insane.
Calvin Blissett on X
$CCLD $YB $CCOI $BOC $AMR $HCC $CNR $METC $USIO $HHS $HY $ARKO $SLM
Mr Neutral Man aka "Howard Marks of REITs” on X
This is the main reason why we own 3 to 4 times as much of $CPT vs $MAA and $NXRT Blended leases up 1.0% in Q3 with new lease down 2% YOY vs new leases down 6% for MAA and down 4.5% for NXRT The renewal - new lease is too high for MAA for my liking. Much healthier for Camden Same store NOI -0.2% in Q3 vs -1.8% for MAA and -8.2% for NXRT (large chunky expenses that is not run rate for NXRT) @jayparsons
DOMO Capital Management, LLC on X
There is a reason $ANDE just paid 4.25x ethanol production for three ethanol plants. Based on that - $GPRE would be valued at least at $35 per share factoring in converts if not $40+. The market is completely missing this (and $ALTO)! An acquisition literally just validated this days ago.
DOMO Capital Management, LLC on X
@Diego_La_Torre_ Love it! I mean that's the bear case right there. People don't believe. Once the market believes what should be obvious... $PESI goes back to $20+.
DOMO Capital Management, LLC on X
$GPRE has generated ~$280M of EBITDA through the first 9 months of the year. Based on today's report, $GPRE enterprise value as of 9/30 was ~$1.3B which does not include the 45Z credits. If we include them... EV = $1.085B. Are you kidding me? How is this stock not $30+???
Investor Letters
All letters- Asset Value Investors Ltd October 2026 079940 $485M093320 $626M
- Lakehouse Capital Small Companies Fund October 2026 COGZF $411MFNCHF $512M
- Forager Funds Management October 2026 TUA $584M
- FCL Capital October 2026 RSGN $927M
- Ganes Capital September 2026 Quarter PWH $790M
- Pendelhaven Asset Management B.V. Q3 2026 DR0 $408MGRVY $475M
- Greystone Capital third quarter of 2026 KTYCF $468MSRTA $492M
- Sandon Capital — Activist Fund September 2026 KAR $755M
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TSOH Weekly Roundup (10/30/2026)
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