The Compound and Friends

Jonathan Boyar's Favorite Cheap Stocks with Catalysts

71 snips
Mar 27, 2026
Guest
Jonathan Boyar
Jonathan Boyar, value investor and principal at Boyar Value Group, shares his take on finding bargains in a shifting market. He highlights Mag 7 multiple compression, why sellers are dumping big tech, and the appeal of buying into falling stocks. He also discusses catalysts like MSG Sports, Uber’s autonomous path, and special-situation plays such as MGM and the Braves.
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ADVICE

Write Research Reports Before You Buy

  • Write explicit research reports before buying and document the thesis, risks, and catalysts to force disciplined reevaluation.
  • Boyar says they circulate write-ups to big funds and only buy after the report and feedback.
INSIGHT

Cheap Stocks Need Near-Term Catalysts

  • Cheapness alone isn't enough; a catalyst within ~2–3 years is required to avoid value traps.
  • Boyar looks for reasons the market will re-rate a company, using MSG Sports as an example with structural catalysts.
ANECDOTE

How MSG Sports Showed A Clear Activist Catalyst

  • Boyar used MSG Sports to illustrate activist-style catalysts: split teams, bring in minority investor, and buybacks to reveal intrinsic value.
  • He notes Forbes values Knicks and Rangers at $14.75B versus MSG Sports EV ~$8B pre-catalyst.
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