Investor Letters
Greystone Capital
- 47fd79 65d940ec228d41ca888c7fb004c0cd05 Greystone Capital added to existing holdings during the quarter’s panic and built a new position in Strata Critical Medical, citing undervaluation, cash generation and earnings growth outside the AI trade. The manager assesses KITS Eyecare’s executive transition as manageable, while emphasizing management quality, cultural continuity and long-term capital allocation. third quarter of 2026 KTYCF $461MSRTA $430MTMDX $2.3B
- Greystone Capital letter Pitney Bowes is framed as a durable mail-and-parcel toll booth whose new management has cut costs, corrected Presort pricing and directed capital toward repurchases and debt reduction. Greystone favors neglected niche industrials with misunderstood unit economics, while adding to Natural Resource Partners, KITS Eyecare and Shift4 amid weak share prices. Q2 2026 PBI $2.2BAPG $17BBELFB $3.1B
- Q1 / April 2026 Greystone Capital argues that durable demand, low valuations and intelligent capital allocation matter more than macro forecasts. It profiles Medical Facilities’ asset sales and buybacks, then reviews Secure Waste Infrastructure’s recurring waste business, buyback-led transformation and proposed acquisition by GFL Environmental. first quarter of 2026 MFCSF $175M
