During the episode, Kris shares his background and then dives deeply intoAmentum (AMTM) andMagnera (MAGN). We then cover questions aboutMillrose (MLP), Net Lease Office Properties (NLOP) and others.

1:00 – Kris shares his background and experience buying andselling a small business

2:15 – Finance and entrepreneurship runs in Kris’ family

5:10 – How Kris evaluates a spin-off

9:00 – Why spin-offs are a great starting place for a newinvestor

9:55 – Why Amentum (AMTM) looks interesting today

12:50 – What has driven the weakness in the stock?

19:00 – What impact will DOGE have on AMTM?

23:40 – What is fair value for Amentum?

26:25 – How much of an overhang is PE ownership?

28:15 – Magnera (MAGN) overview

34:30 – Margin expansion potential at Magnera

35:30 – Magnera risks

41:15 – Magnera sell side estimates are conservative

44:45 – Thoughts on upcoming Millrose spin-off?

51:40 – What is your favorite spin-off situation on thehorizon?

57:40 – How to get in touch with Kris