Everyone Bought the Shovels
Element Solutions sells consumable chipmaking chemistry, with a $75 target from $44 based on an AI-driven semiconductor-materials rerating.
Sector
Materials
Everything our editor has picked under this sector, best first.
178 stories
DOMO Capital Management, LLC on X
@Sarge986 Ha, here's a detailed write-up on $ALTO: https://t.co/HtOp1mvcUm
Tim Eriksen on X
Solid quarter by Monument Mining $MMY.V $MMTMF earned $22.65M or $0.07 per share. Has almost $101M or $0.30 per net cash. Trading at ~ 2x earnings net of cash. https://t.co/c56aqhOJuY
What I Read This Week
Weekly reading list covers Agnico Eagle, Cameco, Dollar Tree, Meta, Braze and Apollo across mining, retail, AI and insurance.
Vidrala
Vidrala has grown from a Spanish glass-container maker into a multi-country packaging platform with expanding Latin American exposure.
ToffCap on X
For those involved, Comstock's $LODE CEO buying 'the dip' https://t.co/U9inTYkhnV
Updates on Natural Resource Partners, Cencora, and McKesson
Natural Resource Partners invested $39.2 million in Sisecam Wyoming as soda ash prices fell below production costs, helping cut the JV’s…
April Earnings Update
Crocs raised 2026 EPS guidance to $13.20-$13.75 and bought back $73.6 million of stock, while Huntsman, Pitney Bowes and Alpha…
ToffCap on X
If you're in the 'SoH closed / oil higher for longer' camp, just know that it will be a PERFECT environment for the spec chems disributors. And they are just starting to rebound from pretty low levels. $BNR $IMCD $AZE
Single Stock Spotlight #6: Huntsman (HUN)
Huntsman’s $800-$900 million mid-cycle EBITDA and 8-10x historical EV/EBITDA imply $30-$40 per share, versus roughly $13, after a chemicals…
Buybacks Below Net Cash
Angstrom Technologies trades 26% below net cash and 50% of NCAV, with no debt, 7.7x earnings and ongoing buybacks despite limited…
Single Stock Spotlight #3: Alpha Metallurgical Resources (AMR)
Alpha Metallurgical Resources has retired more than 30% of its shares since 2022; higher structural metallurgical-coal costs could support…
The Silver Bloodbath: Fortune Favors the Prepared
Gold fell 8% and silver 25% as the author says it exited before the selloff and now favors Monument Mining at 1.25x operating cash flow.
Can AI Read the Market?
Gemini’s chart-only analysis favors Nutrien, soybeans, nickel and sugar, while rating Constellation Software a sideline despite its 40%…
ContextLogic
ContextLogic is acquiring US Salt for $907.5 million, pairing its $2.7 billion NOLs with an acquisition-led platform backed by Abrams…
QXO
QXO, Brad Jacobs’ building-materials distributor roll-up, targets rapid acquisitions and a $50 billion revenue run rate by 2032.
Sector Story: Flavours & Fragrances Part V – IFF
IFF’s $7.1bn Frutarom acquisition and $26bn DuPont Nutrition & Biosciences merger failed to deliver expected synergies, contributing to…
Multiples Capital on X
Copper Reality Check. The no BS CEO of Amerigo Resources on copper's supply deficit and elevated volatility on Q3 earnings call. The company just went debt free and raised dividends. I am long $ARREF $ARG, not NFA. #copper https://t.co/UExXFZEg5S
Buzzi (BZU.IM): Make Italy Great Again
Buzzi SpA, an €8.9 billion Italian cement producer, is presented as the world’s best-managed cement company.
Buzzi (BZU.IM) Make Italy Great Again
Buzzi SpA, Italy’s €8.9 billion cement producer, is presented as a long investment.
Sector Story: Flavours & Fragrances Part I - An Introduction
Flavour and fragrance suppliers control 67% of a $40 billion market, earning recurring, protected margins through deep FMCG R&D ties.
Multiples Capital on X
Gold vs Silver ( $GLD vs $SLV) https://t.co/Ugjavn4djw
Conor Maguire | Value Situations on X
As #copper industry execs talk of the greatest trade they've ever seen, its interesting to see that my recently published Euro-listed copper idea is the top performing name in the sector since I published it, alongside $FCX, --> $NDA $NDA.GR 👇 https://t.co/3kyp2k7VWl https://t.co/Kjp3Hlssgb
NL Industries
NL Industries’ $330 million market value is backed by $626 million of public stakes and cash, less estimated legal fees, creating a…
