In their 125 years in existence, Alico had grown to become one of America's leading citrus producers. In January 2025, owing to adverse weather events and crop disease, they made the difficult decision to wind down their citrus operations and adopt a new real estate-focused business model.

Today, we sit down with John Kiernan, president and CEO of Alico, which trades on the NASDAQ under the symbol ALCO. John has been overseeing Alico's recent efforts to transition out of the citrus industry towards a strategy that makes full use of their extensive holdings in Florida real estate, valued somewhere between 650-750 million dollars.

Going from growing oranges to building communities is no easy feat. John explains how Alico is leveraging their great team, and ample liquidity, to make it work.

Highlights:

• Alico's history (2:10)
• Alico's land holdings (4:09)
• Pivot to Real Estate (5:03)
• Florida Population Growth (6:04)
• A Diversified Land Company (8:18)
• Shareholder Returns (10:35)
• Alico's Identity (12:18)
• Alico's Role in Development (13:30)
• Corkscrew Grove (14:53)
• Regulatory Hurdles (17:22)
• Entitlements (1945)
• Mitigating Risk (22:18)

Links:

John's LinkedIn

Alico LinkedIn

Alico Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].

The Trump administration has made American reindustrialization a top priority, but to do that, the US is going to need access to an abundance of metals like copper, manganese and nickel. The challenge then is to find a way to source these materials that doesn't rely on Chinese supply chains, and won't lead to serious environmental harm.

Gerard Barron is the co-founder, CEO and chairman of The Metals Company, which trades on the Nasdaq under the symbol TMC. The Metals Company mission is to harvest and process metal-containing nodules from the sea floor, providing a clean and abundant source of raw materials for an array of critical industries, like steelmaking and EV production.

Gerard walks us through the evolution of TMC, their groundbreaking tech, and some recent regulatory breakthroughs that have brought them closer to achieving their goals than ever before.

Summary: 

When your A/C breaks down in the middle of summer, you want someone at your house to fix it that same day. And one firm has been able to leverage that reliability into a national home services empire. 

Ken Haines was appointed CEO of Wrench Group almost 10 years ago and he has since guided the company to become the second largest non-franchised home services company in the United States.

Ken joins us to discuss his philosophy on leadership, the benefits of Wrench Group's innovative partnership model, and the impact of emerging tech in the home-services industry. 

Highlights:

• Wrench Group Services (1:59)
• Ken's path through the industry (2:40)
• Company-owned vs. Franchised (4:50)
• Autonomy vs. Consistency (5:49)
• Evaluating Culture Fit (7:03)
• Customer Experience (8:34)
• Covid's Impacts (11:24)
• Emerging Tech (13:10)
• Recruitment (16:42)
• Where does Wrench Group go from here? (19:32)

Links:

Ken's LinkedIn

Wrench Group LinkedIn

Wrench Group Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].

Investors often talk about the desire for companies to diversify. Well, you'd be hard pressed to find a firm who's done that better than the Superior Group of Companies (SGC), which operates in three distinct buckets: healthcare apparel, branded products and contact centres. 

Our guest today is Michael Benstock, the Chairman and CEO of SGC. Michael takes us through the evolution of SGC since its founding more than a century ago, and its successful diversification efforts over the years. We also discuss SGC's adeptness at pivoting, as well as their commitment to service quality, advanced technology, and omnichannel commerce.

Highlights:

• The SGC Story (1:51)
• Michael's journey (4:40)
• SGC's Global Footprint (6:03)
• Total Addressable Markets (8:25)
• Pivoting (11:32)
• Acquisitions (13:43)
• Leveraging tech (16:13)
• Divestment (19:29)
• Philosophy on Capital Allocation (20:34)
• Legacy (22:26)

Links:

Michael's LinkedIn

SGC LinkedIn

SGC Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].

Summary: 

At this point, most Americans will probably be familiar with the media company, Newsmax. Their political slant has garnered the company its fair share of criticism, but their growth in recent years has been undeniable. 

Chris Ruddy is the CEO of Newsmax Media, which trades under the symbol NMAX. Chris began his career as a journalist at the New York Post and Pittsburgh Tribune-Review before founding Newsmax in 1998. Since then, it's grown into one of the nation's leading broadcasting and digital media companies.

Chris joins us today to talk about the public perception of NewsMax, the rationale behind their recent IPO and their plans to leverage their massive reach into future growth. 

Highlights:

• Founding Newsmax (2:06)
• Product offerings and reach (3:14)
• Political leanings (5:23)
• Attracting younger viewers (8:14)
• IPO (9:59)
• Capital allocation (11:16)
• Avenues for growth (12:24)
• Podcasting (14:38)
• International expansion (15:52)
• AI (18:21)
• What do investors get wrong about Newsmax? (19:34)

Links:

Christopher Ruddy LinkedIn

Newsmax LinkedIn

Newsmax Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].

Back in January, we had on Julie Masino, the President and CEO of Cracker Barrel, who walked us through her strategy for transforming the brand, and gave great insights into general trends in the restaurant industry. Since it's summer time, and patio season is in full swing, we thought now would be a good time to revisit this gem.

Summary: 

What does it take to revitalize a legacy brand, while maintaining its identity? By balancing tradition and transformation, any company can breathe new life into its business and consistently evolve to meet the changing expectations of customers and employees alike.

Today's guest is Julie Masino. Julie is President and CEO of Cracker Barrel, a role she took on just over a year ago in November of 2023. Since then, she's led the company with a focus on innovation and growth drawing on her over 30 years of experience in the restaurant and retail industries. Previously, Julie served President of International at Taco Bell and before that, President of North America. She's also held senior leadership positions at Sprinkles Cupcakes, Mattel, Starbucks, and began her career at iconic brands like Godiva, Coach, J. Crew, and Macy's. 

In this episode, Julie shares her vision for the brand and the five-pillar transformation strategy she is implementing aimed at enhancing market share, guest experience, and profitability.

Highlights:

• Julie explains the opportunity she saw for Cracker Barrel (2:58)
• Julie's fiver pillar strategy for Cracker Barrel's transformation (4:25)
• Why dinner remains a key area for increasing market share (9:23)
• What updates are being made to Cracker Barrel's pricing strategy? (12:39)
• Improving facilities and team satisfaction (15:44)
• Julie highlights the metrics correlated with sales growth (18:48)
• Digital and off-premises growth (23:00)
• How Cracker Barrel is engaging younger consumers (27:05)

Links:

Julie Masino on LinkedIn

Cracker Barrel on LinkedIn

Cracker Barrel Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].

Dash Miller may not be a CEO, but like many of the people we feature on this show, he is a true leader, he has a vision, and he's executing on his plan.

Sometimes life forces you to grow up quickly, and that's exactly what happened to Dash. He lost his 16-year-old brother Callum after a five year battle with cancer. And out of that tragedy, dash started a unique corporate outreach campaign on LinkedIn making inspiring and grateful videos about companies that touched his family's life while Callum was in treatment.

Dash joins us to discuss the inspirations behind the campaign and the incredible responses he's received from both individuals and companies.

Highlights:

• Callum's Story (2:16)
• Dash' work at UCSF (2:58)
• Dash' work with LLS (4:08)
• Why LinkedIn? (5:23)
• Biggest Challenges (7:33)
• Nestlé (9:55)
• Hasbro (10:50)
• What's next? (12:19)

Links:

Dash Miller LinkedIn

Fundraiser Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected]

Summary:

Back in February, we were joined on the show by Stuart Haselden, CEO of outdoor apparel company, Arc'Teryx. Hearing about his retail philosophy and personal story was absolutely fascinating, so we decided to revisit the episode for listeners who may have missed it the first time around.  

You’ve heard it before: "The customer is always right." For many businesses, that’s sound advice. But for premium brands, the road to success often takes a different route. Rather than reacting to every shift in demand, it’s about staying rooted in a philosophy: delivering quality, staying authentic, and fostering relationships that stand the test of time. Today’s guest has fully embraced this approach, leveraging his brand’s strengths to set a new standard of excellence in the technical apparel market.

Stuart Haselden has been the CEO of Arc'teryx since 2021 and brings over 20 years of global experience in retail and premium brands to the company, having worked in North America, Europe, Asia, and Australia for brands such as Away Travel, Lululemon, J.Crew, and Saks Fifth Avenue.

His career began in the United States Army where he served as a Cavalry Officer—a defining experience for him that has shaped his views on leadership. It was also the beginning of a lifelong love of mountain and alpine sports, as Stuart learned to ski in the Austrian Alps while stationed in Germany. 

In this episode, Stuart shares how Arc'teryx has expanded its direct-to-consumer model while preserving the brand’s authenticity. He explains how a relentless focus on performance and innovation has fueled the company’s growth and set it apart in the competitive technical apparel space. Stuart also talks about the leadership strategies that have guided Arc'teryx’s evolution—and how they’re shaping its future.

Highlights:

• Background on Arc'teryx and the road to becoming a premium brand (2:43)
• Stuart's history in retail and how he was introduced to the opportunity at Arc'teryx (4:19)
• Stuart discusses Arc'teryx's position in the Amer Sports portfolio (7:18)
• Competition in the technical apparel field and what differentiates Arc'teryx (8:35)
• Stuart describes how Arc'teryx maintains its authenticity while it grows (10:17)
• How Arc'teryx evolved from a retail model to a direct-to-consumer approach (13:07)
• Current scale of the business (15:15)
• Stuart discusses future expansion opportunities (16:55)
• The senior team at Arc'teryx (18:43)
• Stuart's management style and the leadership techniques he learned from Mickey Drexler (20:37)
• Stuart's predictions for retail in 2025 (20:54)
• Arc'teryx's unique sustainability efforts (21:54)
• How Arc'teryx adapts its retail spaces when entering new communities (23:21)

Links:
Stuart Haselden on LinkedIn

Arc'teryx on LinkedIn

Arc'teryx Website

ICR LinkedIn 

ICR Twitter 

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].

Given the new administration's tariff policy and the global unease we've seen in recent months, we felt it was a good time to pick the brain of someone who's spent decades studying China's economy and its evolving relationship with the United States.

Andy Rothman is the founder and CEO of Sinology, a consulting firm that provides advice to institutional investors and companies on the opportunities and risks presented by China's economy and on the impact of changes in US China relations.

 
Previously, Andy spent 11 years working as China strategist for Matthews Asia, one of the largest active US based investors in China's equity markets. That comes after a 17-year China-focused career as US foreign service officer that included serving as the Taiwan desk officer at the State Department in the mid-nineties, and serving as head of the Macroeconomics and Domestic Policy Office at the American Embassy in Beijing.  

Andy shares his thoughts on the current trade dispute and the economic situation within China, and discusses what he's heard from Chinese business people and political officials during recent visits to the country.  

Highlights:

• Andy's history with China (1:57)
• The situation within China (4:08)
• Exports vs. domestic demand (7:09)
• Where negotiations go from here (8:41)
• Supply chain impacts (11:29)
• The tech race (13:33)
• Taiwan (14:48)
• Consumer sentiment in China (16:40)
• China's demographic challenges (20:07)
• China's capital markets (21:19)
• Planning for the future (22:45) 

Links:

Andy Rothman LinkedIn

Sinology Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].

When you stop to fill up your car with gas, you might also pop into the store to grab a quick bite, or a gatorade, or that carton of milk you forgot to get at the supermarket.  One company has managed to leverage that common retail experience into a real-estate empire.

Chris Constant is the president and Chief Executive Officer of Getty Realty Corp, which trades under the symbol GTY on the New York Stock Exchange. Chris joined the company in November of 2010 as Director of Planning and Corporate Development, and was later promoted to treasurer in May of 2012, Vice President in May of 2013, CFO also in 2013 and CEO in 2016.

Today, Chris walks us through the surprising origins of Getty Realty, discusses developments in the convenience store and automotive sectors, and explains why Getty has found such incredible success working with those industries. 

Highlights:

• Getty Realty origins (4:50)
• What's a 'Net Lease REIT?' (7:07)
• Why C-stores and Auto-service? (8:00)
• How convenience stores have changed (9:48)
• Getty's advantage in the market (11:25)
• Sourcing new assets (12:48)
• Occupancy and rent (15:07)
• Potential for growth in other sectors (16:40)
• Uncertain macro environment (18:13)
• Impact of EVs (20:25)
• Dividends (21:49)
• What people miss about Getty (23:32)

Links:

Chris Constant LinkedIn

Getty Realty LinkedIn

Getty Realty Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, [email protected].