Yet Another Value Podcast

Steve Gorelik, a portfolio manager at Firebird Management, dives deep into Molina Healthcare, a Medicaid-focused managed care organization. He discusses the recent stock drop, attributing it to rising medical costs and industry challenges. Steve highlights Molina’s unique cost advantages and efficient operations, predicting it can outperform peers despite recent setbacks. They explore the impact of healthcare policy, market dynamics, and Molina’s strategic M&A playbook, underscoring why he believes it remains undervalued in the market.

Explore Trump's proposal to shift SEC reporting to semi-annual, shaking up trading opportunities. Delve into Elon Musk’s remarkable billion-dollar Tesla buy and its historical context. Understand the implications of fewer quarterly filings on market volatility and quant strategies. Discover reflections on improving as an investor while avoiding mindless practices, and tackle the challenges of judging those who invest in meme stocks. Join for an engaging discussion on macro shifts and evolving investment behaviors!

In this engaging discussion, investor Shomik Ghosh delves into Clearwater Analytics (CWAN), highlighting its innovative cloud-native platform that's revolutionizing financial systems. He covers Clearwater's strategic acquisitions and their impact on valuation, as well as the company's robust data architecture. Shomik also discusses market opportunities in insurance and asset management, the influence of private equity, and potential AI applications. With insights on CWAN’s growth trajectory and competitive landscape, this conversation is a must-listen for investment enthusiasts.

In this discussion, Artem Fokin, Head of Caro-Kann Capital and a specialist in research workflows, reveals how AI and expert call libraries are transforming investment strategies. He shares insights on integrating AlphaSense’s latest tools into the research process. The conversation highlights the benefits of expert calls, best practices for sourcing participants, and the challenges of bias. Artem also details how AI enhances efficiency through transcript filtering and data analysis, showcasing the profound impact of technology on modern investing.

Franco Chomonalez from Sophon Capital dives into Thunderbird Entertainment, a microcap gem in Canadian animation. He explains its attractive valuation at 1.6x EBITDA and discusses the company's three diverse revenue models. The conversation highlights Thunderbirds’ role with Disney and its advantages from Canadian tax credits. They also tackle the risks of AI in animation and shareholder tensions regarding potential sales. With TSX uplisting on the horizon, it could be a pivotal moment for this overlooked value opportunity.

In this discussion, Guowei Zhang, a writer at Yummy Century Stocks, gives insights into the $23 billion spectrum deal between AT&T and EchoStar. He examines the competitive dynamics in telecommunications, including challenges for cable companies and the potential impact of regulatory decisions. The conversation also delves into mergers and acquisitions in broadcasting and the psychological hurdles faced by value investors, offering lessons from personal experiences and broader market trends.

Dive into the transformative world of modern railroading as the hosts discuss the legendary Hunter Harrison. They explore his bold management style and the precision scheduled railroading model he pioneered. The conversation highlights his strategic alliances with notable investors and the tension between performance and personal image. They also delve into workforce management challenges, competition with trucking, and the evolving infrastructure of the industry. Was he a genius or just at the right place at the right time?

Discover essential tips for landing a job in investing, designed for college students and early-career professionals. Learn how gaining a CFA Level 1 can boost your credibility and why tailoring your outreach is key to effective networking. Explore creative tactics like starting a pseudonymous Substack to build skills and connections. The importance of crafting memorable stock pitches and leveraging unique insights from real-world interactions is also highlighted. This practical guide is a must for aspiring investors!

Jingshu Zhang, from Guinea Value and a founder in the education space, shares his deep insights into New Oriental Education, a major player in China's education market. He discusses the company's dramatic fall due to regulatory crackdowns and its surprising rebound. Jingshu reveals the impact of AI on education and challenges faced by traditional teaching methods. He also touches on financial strategies, including cash management and market misunderstandings, making the discussion both informative and engaging.

In this engaging discussion, Artem Fokin, a prominent figure from Caro-Kann and a seasoned investor, delves into the art of refining investment strategies. He shares insights on the evolving role of AI in research, highlighting its potential to transform market efficiency. Artem and host Andrew Walker debate the significance of long-term process improvements and the dangers of groupthink in investing. Their conversation underscores the importance of independent thought and the growing accessibility of research tools, essential for navigating the complexities of today’s market.