Andrew Walker interviews investors pitching specific single-name long/short theses. Trades are attributed to the guest who holds the conviction.
A digital ad firm priced like it's dying throws off 22% of its value in cash yearly and could triple to the mid-$20s.
A left-for-dead auto-care rollup is worth far more broken up than its low-teens stock says, with net debt fully covered by two sellable units.
A marketing-services roll-up priced like it's dying is compounding to $700M EBITDA, worth mid-20s not $7.40.
AI commoditizes the agency's human-capital moat; WPP's revenue and margins compress structurally as clients defect.
Companies branded as AI losers and left for dead are the setup for outsized returns as the value rubber band snaps back.
Nexstar permanently impaired as CW and lower-tier stations lose the distribution race
Spotify ARPU capped because audio CPMs stay structurally below video, ad volume can't grow fast enough
Meta is a true value stock, AI lifts ad impressions and revenue now, multiple re-rates when CapEx dials down
Google is a true value stock getting cheaper while ad revenue accelerates, re-rates when CapEx fears fade
Blowout efficacy with scary safety signals got misread by AI and journalists, leaving real value on the table.
If gameable thin liquidity and ambiguous resolution break prediction markets, Robinhood's hottest growth line deflates.
As AI commoditizes generic content, trusted news brands get paid for verified content, re-rating News Corp upward.
