For the first time in the history of the 10-K Club of Southern California, one of our meetings was recorded and shared with the investment world. For the majority of people who have never heard of the 10-K Club, it is not a running club. In fact, it consists of a group of value investors who live in SoCal and who are so passionate about investing that they actually enjoy spending two hours after a full day of work talking about stocks and markets. The club started with five guys sitting on a couch in Santa Monica and has blossomed into a group that now has around 170 members.
Prior to COVID, we used to get together physically every other month but that has not been in the cards recently. As such, we have been conducting our meetings via Zoom, a change that allows us to invite people from outside of SoCal and to record the conversation. Accordingly, in conjunction with the SNN Network Summer Virtual Event (put on by my podcast partner, Bobby Kraft), the 10-K Club hosted a panel discussion with the title: The Most Contrarian Takes on a Post-COVID World.
The following is the list of panelists, along with their chosen topics. Cove Street had two people participate, myself and Andrew Leaf.
- Matt Peterson of Peterson Capital Management on Seritage (ticker: SRG)
- Josh Young of Bison Interests on the opportunity in ethane and SandRidge Energy (ticker: SD)
- Ben Claremon of Cove Street on his 4 major themes in a post-COVID world
- Alex Rubalcava of Stage Venture Partners on the future of robotics
- Jeff Mansell of Kodiak Partners on Camil Alimentos and Reinet Investments, SCA
- Nick Nejad of KCS Wealth Advisory on why people will travel by air more post-COVID and AerCap (ticker: AER)
- Andrew Leaf of Cove Street on Emerald Holdings (ticker: EEX)
- Adam Gold of Katam Hill on Ford (ticker: F)
I know I am biased but I thought the panelists were great. I especially thought my colleague Andrew made a very compelling pitch. If you are interested in watching the replay, please check out the video below.
The video is a little long so if you want to skip ahead, my part starts about 40 minutes and 30 seconds in and Andrew’s discussion starts at about 1 hour and 33 minutes.
-Ben Claremon
