Welcome to another edition of the Capital Employed Newsletter.
As you can see we have slightly redesigned the newsletter - comment below if you like this updated version.
Latest interviews with fund managers sharing their best ideas…
#79 - Jordan Lampos (Midway Partners)
#78 - Diego B. Milano (Quercus Fund)
#77 - Laurence Hulse (Onward Opportunities Ltd)
Next interview will be published on 24th November.
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Below are the stock pitches we’ve enjoyed reading this month…
Bison Interests on Weatherford International (WFRD) 🇺🇸
Global oilfield services provider.
Maran Capital Management on Clarus (CLAR) 🇺🇸
Clarus received an offer of $160 million for its bullet and ammunition segment from Clarus’ chairman, Warren Kanders.
Cockney Rebel on Avon Protection (AVON) 🇬🇧
Manufacturer of respiratory masks and protective helmets. Turnaround.
Moram on Renold (RNO) 🇬🇧
Second largest industrial chain manufacturer worldwide, trading at <5x earnings.
Talking My Book on Victoria Gold (VGCX) 🇨🇦
Finding Gold in the Yukon.
Buried Treasure on Nordic Paper (NPAPER) 🇸🇪
With roots dating back to 1871, Nordic Paper is a Swedish-based company offering specialty paper products to a wide variety of end-use applications.
Odyssean Investment Trust on XP Power (XPP) 🇬🇧
Global niche market leader serving general industrial, healthcare and semiconductor equipment markets.
Overlooked Alpha on Ubiquiti (UI) 🇺🇸
A thin float, a wonderful business, and a falling knife worth catching.
Asian Century Stocks on China Tower (788HK) 🇭🇰
State monopoly at a forward P/E of 11x and rapidly falling depreciation charges.
Flyover Stocks on Grocery Outlet Holdings (GO) 🇺🇸
A unique business model in discount retail paired with meaningful founding family ownership is entering a new growth phase.
Secret Sauce Investing on Becle (CUERVO) 🇲🇽
A family owned business in the 11th generation of the Cuervo family. World’s largest tequila producer.
Value and Opportunity on DEME (DEME) 🇧🇪
Belgian Marine Engineering Group, is a contrarian, secular growth/mean reversion story. A combination of strong growth and improving margins could lead to a tripling of EPS over the next 5 years.
Voss Capital on CRH (CRH) 🇬🇧 🇺🇸
Provider of building materials solutions. Value too great to ignore at 11x earnings.
Librarian Capital on Rightmove (RMV) 🇬🇧
Operates as a property portal. We see 75% total return (19.9% p.a.) by end of 2026.
Investment Talk on Kura Sushi (KRUS) 🇺🇸
A small sushi chain growing in the US.
Value Don’t Lie on MGP Ingredients (MGPI) 🇺🇸
White label whiskey distiller at 16x earnings.
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Disclaimer
This article is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before investing in any company mentioned.