A growing pie, established and leading technology, and a defense business that is worth more than the price of the stock. Rinse, repeat. (Yes we
Zymergen–ZY-NYSE – went public in early May 2021 via IPO led by Goldman Sachs and JP Morgan at $30 per share. It dutifully rose to
It is difficult to see how this is an isolated instance. Be long corporate Paddy Wagons.
One of our larger holdings agreed to sell itself last week at what we would consider a fair price. This has been a long and
In case people were not 100% sure about what we think of Viasat (Ticker: VSAT) as a potential investment, Eugene and I had another opportunity
There are lots of things that OWNERS should hate about Exxon, all of which are related to their last decade of capital allocation in their
I was recently asked to share a small cap investment idea with the attendees of the Q2 Virtual Summit hosted by the Investor Summit Group.
Eugene and Andrew discuss one of the more interesting businesses we are invested in at Cove Street. Viemed (NASDAQ:VMD) provides non-invasive ventilators (NIVs) to patients
As we all know from Star Trek, there are many parallel universes out there. While their existence cannot be proven logically—at least up to
*Eugene and Ben have not been appointed to VSAT’s Investor Relations Team. This is meant in a humorous manner due to the number of
The 2020 Berkshire Hathaway report as far as the “Letter to Shareholders” was short, boring, and not very funny. One plausible answer is that the
The process of “weighing” a stock promoter’s narrative is imprecise because “reality” as reflected via stock prices can be a rapidly moving target, as “things
This exchange is lifted from the recent DISH earnings call. DISH is attempting an “interesting/controversial/expensive/risky?’ build of a software-defined 5G network. They don’t promote, they
This week, Eugene Robin and I had the opportunity to do a live-streamed presentation on Viasat (ticker: VSAT). We took part in GuruFocus’s “Value Investing
Lumen is one of the larger holdings within our Small Cap Plus strategy and continues to befuddle us at these valuations. We’ve done an excellent
As part of our continuing series of “buy the heck out of it and tell everyone else in the world”, with the additional caveat of
It is popular in some circles to suggest that in a passive world, “no one will care about Small Cap stocks and thus a value
An extraordinarily cogent narrative of why this is our largest position. He almost had us until the Buffett and Graham part. Worth reading twice end
At risk of creating a widespread Dankberg “crush,” this is the “beyond the spreadsheet” case for Viasat that doesn’t get much play from the “how
One of our analysts, Eugene Robin, CFA, was recently featured on the ValueWalk podcast to discuss his favorite idea, Viasat – his former employer and
Well…he has less competition. From the ViaSat files: SoftBank’s OneWeb Is Said to Mull Bankruptcy as Cash Dwindles (Reprinted from Bloomberg, by Eliza Ronalds-Hannon, Gillian
Constellation Software’s Shareholder Letter.
Law And Order: Proxy Offense Unit. Duh…Duh. At Cove Street Capital, we focus on business, value, and people. We put particular emphasis on the people,
Worth reading at least the first six pages. A class act that we stupidly sold long ago when it seemed “expensive.” Before tripling again. Whether
Click here for Ben Claremon’s presentation on Axalta. This report is published for information purposes only. You should not consider the information a recommendation to
This is a relatively new purchase for Cove Street and we are delighted to see something thoughtful and intelligent to assist our cause. “While we
John Malone and Co. from the 2018 Liberty Media Investor Day: Well, we have to take the long view and I’ve always taken the long
BNY Mellon Annual Report: Our Financial and Business Performance Our company continued to produce reasonable financial performance in 2017. On a reported basis, our revenues
Plenty has been said to date about the general psychosis gripping the general public and equity markets as it concerns “cryptocurrencies.” We have noted these
