Announcement: Closing Down

LGI Homes (LGIH-US): A Coiled Spring: Housing affordability remains challenged, but greenshoots are appearing. LGI is well positioned medium-term to benefit from a structural Single-Family housing shortage.

Dollar General (DG-US) - It's a trap!: I sold DG last week for a small loss. The road ahead will be hard and there are just easier stories out there.

Short Idea: AURC-US (Better Mortgage): AURC is set to De-Spac on/or about 22nd of August which will increase freefloat by nearly 1,300x. I expected the DeSpac to be met with significant selling pressure.

SMRT - Accounting vs. Reality: SMRT underlying business continues to deteriorate whilst accounting numbers paint a rosy picture.

Carlisle 2Q - Thesis playing out: Margins holding in better than expected despite a worse-than-expected de-stock. Capital returns continue.

APLD - 4Q Review: Unpacking guidance

APLD (Follow-up) - The shady truth about APLD's potato business: Wes Cummins claims that he sold his potato business to Applied Plasma to "provide cashflow". Bankruptcy filings say otherwise

Applied Digital (Part One): The 40% mystery customer: I dig into local filings to show that something doesn't add up with GMR Limited, APLD's opaque 41% customer

Accounting Shenanigans (SMRT-US): Don't be fooled by the accounting gimmicks

Carlisle (CSL-US) 1Q23 Update: Earnings were a little soft due to higher destock than anticipated. Cyclical headwinds likely to persist for a few quarters.

OLO's Dilemma... (part 2): Key Takeaways from follow-up work

Open House (3288-JP): Part 1: The US$4bn market-crushing compounder that you've never heard of

Carlisle (CSL-US) Update: GAF out with a July TPO price increase

Short Idea - BigBear.ai (BBAI-US): Saddled with debt, loss-making and the equity is probably worthless

Update: Presto (PRST-US) - CEO resigns: CEO resigns. Company now without CFO and CEO

Short Idea - Presto Automation (PRST-US): Loss-making, saddled with debt and probably worthless

OLO's Dilemma... (part 1): Is OLO a category killer, or getting killed by the category?

Carlisle Co. (CSL-US) - A hidden gem in plain sight: This conglomerate is breaking up; its core asset is both high-quality, significantly undervalued and I believe misunderstood. I see clear catalysts for value-unlock over 3-5 years.

Quick Latch (LTCH-US) Update..: Update on Cash and Cash Equivalents from 8-k filed thismorning

Cleanspark Inc. (CLSK-US): A tale of corporate exuberance

Accounting Irregularities and other potential shenanigans at SmartRent (SMRT-US): A closer look at 4Q results and some accounting irregularities that I can't wrap my head around

SMRT follow-up - notes from the channel: Some comments from channel calls conducted in the last two years (not by me)

SmartRent (SMRT-US) - how Charlie Munger helped me find this short: Expensive, structurally unprofitable and a serious misalignment of incentives

Latch, Inc (LTCH-US) - Update: Things aren't looking good