Chris DeMuth joins the podcast to discuss the state of the markets in October 2022 and what’s catching his eye in event driven land, with a large focus on TWTR.

My prior podcast on SPB: https://twitter.com/AndrewRangeley/status/1549013912133111808?s=20&t;=6iWCDZC_8sPzlIuELTNwdQ

Chapters
0:00 Intro
2:30 What's on Chris's mind this month (TWTR)
4:50 Twitter's security review (or lack thereof)
7:30 Jurisdiction for a potential TWTR security review
13:30 What would a security review look like?
21:40 The politics behind a TWTR security review
29:25 Potential repercussions from a TWTR security block
35:55 Last chance for financing and insolvency outs!
41:45 How big will the cost cuts at TWTR be?
45:50 Discussing Spectrum Brands

Chris DeMuth's State of the Markets October 2022 (with a large TWTR focus!)

Yet Another Value Podcast is a new podcast from Andrew Walker, the founder of yetanothervalueblog.com/. We interview top investors and dive deep into stocks and companies they are currently working on and investing in. While nothing on this channel is investing advice and everyone should do their own diligence, our goal is to frequently feature edgy and actionable value and/or event driven ideas.

Please see our legal and disclaimer at: https://yetanothervalueblog.substack.com/p/legal-and-disclaimer

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Asif Suria, Author of "The Event-Driven Edge in Investing: Six Special Situation Strategies to Outperform the Market", joins the podcast to discuss the six special situation strategies he outlines in his book to outperform the market.

You can buy your copy of Asif's new book, "The Event-Driven Edge in Investing: Six Special Situation Strategies to Outperform the Market" here: https://www.amazon.com/Event-Driven-Edge-Investing-Strategies-Outperform-ebook/dp/B0CN3PF1SW?_encoding=UTF8&dib;_tag=se&dib;=eyJ2IjoiMSJ9.1zuikMLb5MN1aQVWodj1ww.Nui4P_rilsWES5p1FNmoTnd5v0myqxSeQautyazGgno&qid;=1715709920&sr;=8-1&linkCode;=sl1&tag;=andrew613880e-20&linkId;=376c305fd243b22988ebba35edf5ecee&language;=en_US&ref;_=as_li_ss_tl

Chapters:

[0:00] Introduction + Episode sponsor: YCharts
[1:42] Overview of Asif's book, "The Event-Driven Edge in Investing: Six Special Situation Strategies to Outperform the Market"
[3:33] Merger Arbitrages + examples
[16:44] Insider Buying + examples
[29:23] Buybacks + examples
[36:45] Spinoffs + examples
[46:18] Management changes + examples
[55:32] SPACs + final thoughts

This episode is sponsored by our friends at YCharts

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Asif Suria on the Six Special Situation Strategies to Outperform the Market

Enrique Abeyta, Founder/CEO of HX Research, joins the podcast to share his thesis on Talen Energy Corporation (OTCQX: TLNE), an independent power producer ("IPP") and infrastructure company committed to the energy transition.
For more information about HX Research, please visit: https://daily.hxresearch.net/
Enrique's write-up on $TLNE: https://daily.hxresearch.net/p/an-actual-way-to-make-money-from-climate-change
Chapters:
[0:00] Introduction + Episode sponsor: Fundamental Edge
[2:29] What is Talon Energy and why are they interesting to Enrique + quick background of Enrique Abeyta / importance of power generation
[21:46] Quirks with $TLNE thesis (re: OTC, utilities, etc...
[27:25] Coming power crisis
[31:13] $TLNE valuation
[33:04] Evaluating and addressing risks: nuclear accidents, capital allocation
[39:28] AI
[47:18] Post-bankruptcy process
[51:27] Upcoming election (risk of new administration
[56:08] Demand response and final thoughts
Today's sponsor: Fundamental Edge
You’ve probably heard about the Analyst Academy from Fundamental Edge by now. So instead of repeating the basics, let’s talk a minute about what the Academy is and is not.
The Analyst Academy is a practical course on the tools and skillsets required to succeed in the buy-side analyst seat. The instructors have experience from firms such as Maverick Capital, DE Shaw, Citadel, Balyasny and ExodusPoint.
But what is the Academy NOT?
It’s NOT a course on stock-picking. It IS a rigorous guide to learning a process.
It’s NOT a guide to pod shop investing. The Academy attracts a wide range of equity investors, from multi-managers to long only to family offices. Rather than teaching a particular style, Fundamental Edge equips learners with the essential skills required to hit the ground running and support their PM.
It’s NOT a financial modeling course. Modeling is, of course, part of the curriculum and plays a central role. But the Academy is more than that. It teaches idea generation, thesis communication and how to add value as an analyst. 
To learn more and access a 10% discount code, go to fundamentedge.com/YAVP

HX Research's Enrique Abeyta on importance of power generation, power crisis + $TLNE thesis

The team that won the Pershing Square Challenge, Garrett Wallis, Jared Duda and Joseph Montgomery Ferguson, joins the podcast to discuss their winning pitch on Valvoline Inc. (NYSE: VVV).

You can find their winning pitch deck here: https://1drv.ms/b/c/b9a8675d1ef0d212/EUgO7sJJKoBBsx151i7xfvkBuTziYI94y8VF02bdym1WmA?e=21DQAc

Chapters:
[0:00] Introduction + Episode sponsor: Fundamental Edge
[1:49] Backgrounds on team that won the Pershing Square Challenge
[3:13] Valvoline Inc. $VVV pitch
[8:57] Store density / DIY customer share
[13:33] $VVV pitch cont'd
[28:26] AutoZone comparison / Franchise model
[35:35] Shift to EV, risks to $VVV?
[39:13] Consumer behavior / why franchisee wants to work with $VVV
[46:47] $VVV bear case / same store sales growth
[57:10] $VVV - variant view that generates alpha
Today's sponsor: Fundamental Edge
You’ve probably heard about the Analyst Academy from Fundamental Edge by now. So instead of repeating the basics, let’s talk a minute about what the Academy is and is not.
The Analyst Academy is a practical course on the tools and skillsets required to succeed in the buy-side analyst seat. The instructors have experience from firms such as Maverick Capital, DE Shaw, Citadel, Balyasny and ExodusPoint.
But what is the Academy NOT?
It’s NOT a course on stock-picking. It IS a rigorous guide to learning a process.
It’s NOT a guide to pod shop investing. The Academy attracts a wide range of equity investors, from multi-managers to long only to family offices. Rather than teaching a particular style, Fundamental Edge equips learners with the essential skills required to hit the ground running and support their PM.
It’s NOT a financial modeling course. Modeling is, of course, part of the curriculum and plays a central role. But the Academy is more than that. It teaches idea generation, thesis communication and how to add value as an analyst. 
To learn more and access a 10% discount code, go to fundamentedge.com/YAVP

Pershing Square Challenge 2024 winning team shares pitch on Valvoline $VVV

Welcome to the first edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: investor conferences (since returning from Planet MicroCap Showcase: VEGAS 2024), control shareholders, energy drinks and stock advertising.
For more information about Rangeley Capital, please visit: http://www.rangeleycapital.com/
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: YCharts
[3:29] Investor conferences - just returned from the Planet MicroCap Showcase: VEGAS 2024 / time for a Yet Another Value conference?
[6:28] Control shareholders
[12:24] Energy drinks
[15:24] stock advertising
This episode is sponsored by our friends at YCharts
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Random Ramblings May 2024: conferences, control shareholders, energy drinks and stock advertising

It's time to welcome back Chris DeMuth for his monthly state of the markets. For this April 2024 edition, Chris shares his thoughts on: the markets as we head into the Summer months, anti-trust, Capri-Tapestry anti-trust case, mergers blocked in greater frequency - has there been another time like this, and more!
For more information about Rangeley Capital, please visit: http://www.rangeleycapital.com/
Chapters:
[0:00] Introduction + Episode sponsor: Fundamental Edge
[1:57] Thoughts on markets as we finish up April and head into the Summer months
[3:47] Growth in the largest businesses in the index
[8:27] Anti-trust
[12:36] Capri-Tapestry anti-trust case
[27:38] Capri-Tapestry cont'd - market definition
[38:43] Last 6 months, 3 mergers have been challenged and blocked - ever been another time like this?
Today's sponsor: Fundamental Edge
You’ve probably heard about the Analyst Academy from Fundamental Edge by now. So instead of repeating the basics, let’s talk a minute about what the Academy is and is not.
The Analyst Academy is a practical course on the tools and skillsets required to succeed in the buy-side analyst seat. The instructors have experience from firms such as Maverick Capital, DE Shaw, Citadel, Balyasny and ExodusPoint.
But what is the Academy NOT?
It’s NOT a course on stock-picking. It IS a rigorous guide to learning a process.
It’s NOT a guide to pod shop investing. The Academy attracts a wide range of equity investors, from multi-managers to long only to family offices. Rather than teaching a particular style, Fundamental Edge equips learners with the essential skills required to hit the ground running and support their PM.
It’s NOT a financial modeling course. Modeling is, of course, part of the curriculum and plays a central role. But the Academy is more than that. It teaches idea generation, thesis communication and how to add value as an analyst. 
To learn more and access a 10% discount code, go to fundamentedge.com/YAVP

Chris DeMuth's State of the Markets October 2022 (with a large TWTR focus!)

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