We Are/DigitalVision via Getty Images Atlanticus Holdings (NASDAQ:ATLC) is a niche consumer lending company that specializes in providing financial solutions to underserved communities. The company owns several consumer credit brands that partner with various health and retail corporations to provide credit solutions to their customers. Recently, the company issued a new baby bond with a…
Nataly Hanin/iStock via Getty Images SoundThinking (NASDAQ:SSTI), formerly known as ShotSpotter, offers a suite of SaaS offerings to make law enforcement more effective and efficient. Trading at 2x sales with a $200 million market capitalization, SoundThinking is cheap for a SaaS company with a history of 15% annual growth and huge operating leverage. The company…
Simon Watts/Getty Images News Investment Thesis Newmont Corporation (NYSE:NEM) is the #1 gold producer globally, outputting 5.3Moz (million ounces) of gold per year, 35oz of silver, 100Mlbs of copper, and various other byproduct metals, including zinc and lead. The total GEO production (gold equivalent ounce) is over 7 million ounces. NEM has one of the…
J. Michael Jones Investment thesis Our current investment thesis is: Winmark is an incredibly attractive niche. Management has positioned its business model to reduce risk and maximize cash returns, which has allowed for an EBITDA-M of 65%. We believe its financial performance is sustainable, with reasonable growth ahead as new franchisees sign up and retention…
Artur Plawgo/iStock via Getty Images At a Glance In my prior analysis of Blueprint Medicines (NASDAQ:BPMC), I had highlighted the company’s strong cash position and the potential impact of Ayvakit’s FDA approval on indolent systemic mastocytosis [ISM]. While the stock price has remained largely unchanged since that report, there has been a marked YoY sales…
mi-viri/iStock via Getty Images The biotech world is well aware of Ardelyx (NASDAQ:ARDX), the small biopharmaceutical (market cap around $700 million as of Friday) trying to repurpose its Irritable Bowel Syndrome with Constipation (IBS-C) drug, IBSRELA (tenapanor), as a novel product candidate to control serum phosphorus in adult patients with chronic kidney disease (“CKD”) Stage…
Justin Paget Thesis Richardson Electronics (NASDAQ:RELL) is a distributor that provides engineering solutions through systems integration, prototype design, and manufacturing. It is a distributor that acts as an extension of both a company’s salesforce and engineering force. In the last couple of years, RELL has seen rapid success with its new Green Energy solutions with…
Milko Reason for the update: Q2 update and Acquisition of Acer Therapeutics Zevra Therapeutics’ (NASDAQ:ZVRA) recent announcement of acquiring Acer Therapeutics for $91 million in stock adds significant weight to their value proposition. The deal structure – involving contingent value rights, Acer’s debt buyout at a discount, and a bridge loan extension – cements ZVRA’s…
ferrantraite/E+ via Getty Images There are many great businesses consumers interact with often. Many consumers may interact with certain companies on a daily basis such as Apple (AAPL), Netflix (NFLX) or Duolingo (DUOL). Today I’d like to discuss a company I’ve used several times throughout the course of the year that is in a growing…
gorodenkoff AMETEK (NYSE:AME) is a manufacturer of electronic instruments and electromechanical devices, and their business has been driven by both organic growth and acquisitions. AMETEK owns a collection of niche industrial companies and maintains significant market share in these niche industries, affording them tremendous pricing power. I believe that AMETEK’s performance-based, entrepreneurial culture makes them…
Drazen_/E+ via Getty Images Earlier this year, the banking industry was smacked down hard by concerns that the contagion that began with Silicon Valley Bank might spill over and create bank runs at other financial institutions. Although some other firms did collapse during that time, many have shown significant resilience in the face of this…