Yet Another Value Podcast

The CoVest Select team on launching CoVest and their $OEC thesis


Listen Later

Kyle Mowery and Jake Miller come on the podcast to discus their new CoVest Select venture and then dive deep into their thesis for Orion Engineered Carbons (OEC).

CoVest Twitter Account: https://twitter.com/CoVestSelect

Chapters
0:00 Intro
2:20 CoVest overview
5:05 OEC overview
9:05 What is the market missing with OEC?
11:45 The supply demand dynamic for rubber black
14:15 Why isn't this a simple generic commodity business?
18:20 Are management's 2025 midcycle EBITDA targets reasonable?
21:00 Why can't a bunch of supply come online in the medium term?
26:05 How critical and replaceable is carbon black?
29:35 Recycling carbon black?
32:10 Will EPA capex really end?
36:10 OEC's debottlenecking investments
38:20 How the energy crisis effects OEC
47:30 Why OEC over competitors
51:10 Capital allocation and share buybacks
55:40 CoVest overview
59:55 Why work with CoVest
1:05:05 Timeline for a CoVest investment

...more
View all episodesView all episodes
Download on the App Store

Yet Another Value PodcastBy Andrew Walker

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

103 ratings


More shows like Yet Another Value Podcast

View all
We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,374 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

932 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

792 Listeners

Focused Compounding by Andrew Kuhn and Geoff Gannon

Focused Compounding

272 Listeners

Chit Chat Stocks by Chit Chat Stocks

Chit Chat Stocks

195 Listeners

The Market Huddle by Patrick Ceresna & Kevin Muir

The Market Huddle

361 Listeners

The Acquirers Podcast by Tobias Carlisle

The Acquirers Podcast

302 Listeners

Value Investing with Legends by Columbia Business School

Value Investing with Legends

202 Listeners

Excess Returns by Excess Returns

Excess Returns

78 Listeners

Value Hive Podcast by Brandon Beylo

Value Hive Podcast

91 Listeners

The Business Brew by Bill Brewster

The Business Brew

250 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

342 Listeners

Behind the Balance Sheet by Stephen Clapham's Podcast on Value Investing | Stockmarket Analysis | Equities

Behind the Balance Sheet

44 Listeners

Joys of Compounding by Colossus | Investing & Business Podcasts

Joys of Compounding

100 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

134 Listeners