On July 29, the Navy placed the largest submarine procurement order in American history. $76.6 billion. The money flows from the government to builders like General Dynamics and Huntington Ingalls, and finally down to the qualified sole-source subcontractors. Businesses who
I love the thrill of finding an edge as a retail investor. A re-rating catalyst on one of my core positions, Capstone Energy $CEPL , is a data center deal. A couple months ago, I found this listing on their LinkedIn page. Boy did I feel that thrill. I felt like I’d found a golden
Munger spent a lot of time thinking about why certain outcomes are so much larger than the inputs seem to predict. His answer was that most people analyze forces individually. They look at one advantage, one tailwind, one structural benefit, and they model its impact in
1/ The US Navy is actively financing a monopoly that the market hasn't noticed yet. A 170-person defense supplier in upstate New York who stands as the sole legal manufacturer of transformers for America's nuclear submarine fleet. $ESP a 🧵
For anyone tracking $CEPL, I'm planning to add to my position. This is back to around my buying price after the hype wave came and disappeared. It's an extremely resilient, quality business with an opportunity for re rating if management can use it. $CEPL
Very strong quarter from $WYY. Profitable on a GAAP basis, expenses down, high margin SaaS kicked in, setting up for value creation as CWMS starts to kick in going forward. I'm buying the dip tomorrow if it comes.
