Letters by company
Gulf Marine Services PLC
2 letters discussing GMS. Everything written about it on this site is on its ticker page.
- Alluvial Capital Management Letter to Limited Partners First Quarter 2026 Alluvial Fund sold Peakstone Realty Trust after Brookfield agreed to acquire it and trimmed Zegona Communications to limit position size. The fund defended EACO's shareholder lawsuit settlement and retained FitLife Brands despite distribution problems. It added Gulf Marine Services, citing debt reduction, contracted cash flows and a discount created by regional disruption. First Quarter 2026 FTLF $85MGMS $263MMCDIF $125M
- Alluvial Capital Management Q2 2026 Letter to Limited Partners Alluvial Fund added to Zegona Communications after trimming the position to control concentration, arguing that its telecom turnaround, refinancing and future capital returns remain undervalued. The fund plans to fully exercise McDermott International rights, viewing the financing as a balance-sheet repair that enables larger contract bids. It also retained long-term holdings while trading Talen Energy options around AI-driven volatility. Second Quarter 2026 ZEG $5.3BDGXX $342MDIG $437M
