
Concentrated fundamentalist with avg 28.18% return since start (2021) | 8-12 positions across any sector | Price and fundamentals over narrative | small caps, micro caps, special situations | Margin of safety, then patience
No link addedA big acquisition could turn Columbus McKinnon into a steadier business built around safety‑critical parts that customers reorder regularly, but it also leaves the company carrying a lot of debt. The upside hinges on whether management can smoothly combine the two businesses and cut costs before the next industrial slowdown hits.Read more
PagSeguro looks like a payments company, but the bigger story is a growing digital bank inside it that could become the main profit engine if its lending keeps expanding without blowing up. The catch is that loan losses, tougher competition, and shifting rules in Brazil could turn that same push into the thing that hurts it most.Read more
Arrow, a small Colombian oil producer, sits on a growing cash pile with no debt, but its biggest upside hinges on a make-or-break permit decision and whether new wells keep delivering. See why this could be a time-limited trade rather than a long-term hold, and what could leave the shares stuck for months even if the company stays healthy.Read more
This small Canadian company owns stakes in two US specialty surgery hospitals, but a big part of the cash flow goes to its physician partners. The real question is whether management uses its large cash pile to buy back shares, pay a special dividend, or sell a hospital—or lets the discount linger.Read more