Adam D. Wyden on X
Another interesting SOTP play. Love my topo atmos. $DBI https://t.co/qDGIBEqrIl
X
Adam D. Wyden
Everything we have picked from this writer, newest first.
Adam D. Wyden on X
King William as my son likes to refer to him out with his first public position. Don’t sleep on him. $LIFE https://t.co/598FwOWcDh
Adam D. Wyden on X
@KEDM_COM Pretty sure our most recent letter had liquidation in the mid 30s on 2027 roll fwd…. Stock lower. Nav higher. Insider buying won’t keep them at the controls. $CODI
Adam D. Wyden on X
@BryanGreenbaum @AggieCapitalist @taobanker Why $evi? Bc they r marking ebitda now and people hate it?
Adam D. Wyden on X
Holiday weekends create idle hands… funny how the robot just “knows”… pretty soon shareholders will too. $CODI @CODIequity @ACapitalLP @AsifSuria @joemassoud https://t.co/kvE0KFGOMH
Adam D. Wyden on X
@mac003_c $DRVN They said it was substantially undervalued at $18.00... Much more likely they buyback the stock to $25-30 and then revisit selling the entire company / segments...
Adam D. Wyden on X
Better re-framing of question. Why would someone be short $DRVN and long $VVV? Take 5 better franchisee economics...Trades at ~ 20 percent maintenance yield vs mid singles...Motivated Sponsor... It's not zero sum but....
Adam D. Wyden on X
@HiddenGemsInves $DRVN
Adam D. Wyden on X
@PrefShares They boy can work but $VVV is like a 4 pct FCF yield vs like 14 pct on $drvn… either both are wrong or $drvn is worth 3x as much… I also think the unit economics for franchisees are inferior at $VVV
Adam D. Wyden on X
Looks like Benchmark / StoneX agrees with our analysis. Not $VVV. Our SOTP on 2027 numbers gets us to nearly 40.00. Too cheap. $DRVN https://t.co/cA9wdjgNE1
Adam D. Wyden on X
$DRVN.. The Company is likely trading at 6x EBIT(DA) and ~14 pct FCF yield and ~20 pct on maintenance in 2027. 8 mm shares are short and the de facto float is 32 mm (backing out large long term owners).. Can basically buyback the entire float with one year of FCF. Not $VVV
Adam D. Wyden on X
@unknowncapital1 Well, no restatement costs/charge for agn… comps for take 5/ new store growth and tailwind from higher pricing and lower input costs in 27… I’m at 550 of ebitda but honestly could be higher if stars align…$drvn
Adam D. Wyden on X
$DRVN So, $VVV will generate $130 mm FCF on a 4.2bn cap in '27 and $DRVN will generate $285 mm FCF (our estimate) in 27 and is a 2.2bn cap. Please explain?
Adam D. Wyden on X
$codi is it them or me? https://t.co/6P7TdoSzQ7
Adam D. Wyden on X
https://t.co/abCbwraUNH Got too excited I forgot to post the link….. $DRVN
Adam D. Wyden on X
WE. WILL. NOT. STOP. $DRVN https://t.co/abCbwraUNH
Adam D. Wyden on X
WEB liked the holdcos too… @Mark_Penn @jayleveton @ballan11 $STGW https://t.co/f4VUXbleGp
Adam D. Wyden on X
Possibility. LOL. @CODIequity $CODI https://t.co/LSHzCD0WvF
Adam D. Wyden on X
Thanks Bill. Just getting started. $codi https://t.co/ac3aAuT2kZ
Adam D. Wyden on X
AI is truly incredible…. @CODIequity @ACAPResearch $CODI It’s time for shareholders to win… https://t.co/w8KxzJfYDk
Adam D. Wyden on X
$codi love me some banana financial. https://t.co/DSg38f05FK
Adam D. Wyden on X
@KEDM_COM On 2027 numbers liquidation more mid 30s….$CODI
Adam D. Wyden on X
Thanks @AndrewRangeley. Great time rapping! Love talking $stgw and $drvn !!! https://t.co/D0zxFP9esK
Adam D. Wyden on X
Despite the ramblings of others, 66x ebitda for magnets is not a bad reference point. $codi https://t.co/VnzveAUqGb
