All ideas

Helmerich & Payne is facing a significant decline in utilization in the oil services sector, which is expected to lead to a price-down despite market excitement about a recovery. The oversupplied mach

The U.S. housing market has disappointed investors, but signs of recovery are emerging, including improved labor markets and accessible financing. Builders FirstSource, as a lumber distributor, is wel

Daqin Railway is the largest cargo railroad in the world and has recently gained pricing flexibility from the NDRC, allowing it to increase prices for the first time in years. With a strong EBITDA mar

Flotek Industries produces surfactants used in fracking, which initially seemed promising for increasing oil extraction. However, upon further diligence, it became clear that the U.S. onshore drilling

Ellie Mae is positioned to become the industry standard in the mortgage sector by providing a Software as a Service solution that streamlines the mortgage filing process. With a growing subscriber bas

Precision Castparts is a market leader in providing mission-critical metal components to the aerospace market, with a strong competitive moat due to its entrenched position in customer ecosystems, dom

HCA is well-positioned to benefit from significant industry tailwinds, particularly from the growing Medicare eligible population, which is expected to increase at a CAGR of ~3.0% over the next 20 yea

Investors Bancorp is a small regional bank that recently demutualized and is currently overcapitalized, leading to a depressed ROE. The stock trades at 1.1x tangible book value, while comps trade at o

Vectrus is a defense contractor with sticky government contracts and a potential for margin expansion due to a fixed price structure on renewals. The company has a medium-term earnings power of $3 per

AXL has a manageable debt load with net debt at 2.5x EBITDA and a strong free cash flow of about $200 million annually. The company is expected to diversify its customer base and reduce GM concentrati

American International Group is improving its return on equity through share buybacks and increasing its asset to equity ratio. As the company's ROE mean-reverts to industry averages and the stock tra

American Axle & Manufacturing is perceived as a boring provider of commoditized products, but we believe it has innovative products that are not getting credit in the market. The company has a strong

We believe Bed Bath & Beyond is an exceptional business with a leading position in the housewares retail category and a return on invested capital consistently above 20%. The company has a strong cash

MGM is trading at a significant valuation discount with a 20% levered free cash flow yield. The stock is expected to appreciate as the company continues to pay down debt and improve its balance sheet,

Gazprom Neft generates a lot of cash flow and pays a large dividend, with a strong management team that adds value and allows the company to remain independent from Gazprom.

Lukoil has transitioned into a company that runs efficiently and pays big dividends, making it an attractive investment in the oil sector.

Uralkali was purchased at a very low price due to hidden profits, and the investor identified a potential structural supply deficit in potash, leading to a bullish outlook on the resource.

The Bank of Georgia was acquired during a time of political change and economic stabilization in Georgia, and it has since cleaned up its balance sheet and grown significantly, eventually listing on t

Investing in Surgutneftegas during the Russian voucher privatization program was a major opportunity, as we believed it was undervalued compared to its oil reserves, which were comparable to Mobil's b

We regret not owning Altice or Numericable, as we were impressed by their management team and their aggressive consolidation strategy in Europe.

After initially being short on BlackBerry, we reversed our position and went long due to the impressive turnaround strategy presented by CEO John Chen, which we believed would gain investor confidence

Telecom Italia's stock is currently priced at €1.08, but we believe it is worth at least €1.50 due to its potential for high-margin revenue growth and the value of its 67% stake in TIM Participações i

Telecom Italia is well-positioned to benefit from the consolidation of the European and Brazilian telecom industries. With its significant ownership of TIM Participações, it is a strategic asset that

Tencent is expected to trade in the teens next year with accelerating revenue growth, particularly from advertising, which has higher margins compared to mobile gaming. The monetization potential on T