Matt Lindsay
@__MattLindsay
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Author of The Market Maven https://t.co/9qW5xPmLJs
Den Haag, NL
Joined January 2024
The two recent presentations from $CCOI are worth listening to. https://t.co/54AH8Bx1r8
https://t.co/YVP0ZsQFNZ
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$ALTG lowered FY25 guidance after slower than expected construction equipment spend. 15% LFCF yield.
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I like the results out from $CCOI this morning. - Dividend cut and buybacks paused - 2 data centers sold for $144M - 281 wavelengths came online. Earnings call will be interesting:
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$XAU results are out. - Precious metals under custody fell 1.6% from last Q - $2.5M of Goldmoney Properties investment - Repurchased 0.5% of shares outstanding
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Great results out from $HTWS this morning. Tenancy ratio up to 2.16x which is on track to meet their 2.2x target more than a year early. Capital markets webcast starts today at 9am EST where they’ll lay out their new 2030 targets.
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Just wrote up a new position: $MAGN. Shares are way too cheap. Chinese competition and debt fears are overblown. I’m underwriting a 2028 fair value of $40/shares, a 4x return from today��s price.
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Encouraging results out from $VAL, cash continues to build and $75M of shares repurchased in Q3. "...we anticipate seventh-generation drillships will exit 2026 with utilization levels around 90%."
$VAL 3Q25 Call: Customers advancing long-cycle deepwater projects; in discussions on contracts for drillships 2H26 availability. Thinks utilization bottoms in late 2025–early 2026; says expects 7G drillships exit 2026 at ≥90% Util. “Demand developing as we expected” Balance
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A Pair of Recent VIC Writeups: https://t.co/QmMLx8cv9O
https://t.co/HowLwBTRnY
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Additionally, the US segment has flipping to FCF positive after a surge in capex over the last 3 years. All-in, ATN should do a little under $200M in EBIDTDA next year. Their peer group trades for a 7x forward EV/EBITDA.
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$ATNI 🇺🇸 (EV: $857, Last Close: $15.69) ATN International owns multiple telco businesses around the world. The market correctly identified their US business as a melting ice cube, however this segment has masked the profitability of other segments with $130M+ of EBIDTA.
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4️⃣Deep dives: @QCompounding's Investment Case: https://t.co/i5EyD3dHxU Summit Stocks Writeup: https://t.co/SRYbpSAEUp 2x VIC Writeups: https://t.co/OHwNUpjXiO
https://t.co/USIpAc96gD
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3️⃣Shareholder returns: ~7% of the market cap is being returned annually while FCF is growing low-teens %. High ROIC makes for a rare combo of capital returns + growth.
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2️⃣EVO’s edge: - 2–3x+ revenue per game vs peers - Higher take rates - Regulation keeps weaker players out (but is also the key margin risk)
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1️⃣ Evolution 🇸🇪 $EVO EV: 124B SEK | Last close: 658 SEK The global leader in online live casino & slots.
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4️⃣Lear more from this recent VIC write-up with a great Q&A:
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3️⃣But beware, this is a Greek shipper after all. They pun out of family-owned $CISS and diluted heavily to buy ships. But this ended ~1yr ago. Since then, CEO (son of $CISS founder) took stake from 0% → 40% via conversions, buybacks, & open-market buys.
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2️⃣With the fleet now at 22 ships — what the CEO has called the “ideal fleet size.” Suggests capital allocation could shift from growth to shareholder returns.
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1️⃣ Imperial Petroleum 🇬🇷 $IMPP EV: –$78 M | Last Close: $3.20 Debt-free, $188M cash, and now 22 vessels (13 bulkers, 9 tankers). Fleet capable of generating $2+ EPS.
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