Microcap Royalty Company - 30% Margins, 20% Insider Ownership, New product catalyst

Tariff Déjà Vu

[Update] FY2024 Annual Report - Leon's Furniture ($LNF , $LNF.TO)

How I went through A to Z list of Canadian stocks in OTC Markets & What I found interesting

The Mathematics of Buybacks

[Update] FY2024 10K - Valaris Performance Review

What does Breaking Bad & this company have in common?

Drill Baby, Drill

Story of broken dreams and a broken pipeline

Leon's Furniture ($LNF:CA)

A few thoughts on Spotify & Pabrai's win-win-win model

Tools I use

Kaspi.kz - Tencent of Kazakhstan

Anadolu Efes: Table of contents Overview of Anadolu Efes & Opportunity What makes beer so special? Turkish Beer Market Anadolu Efes - Rough Math on Valuation How to get comfort behind Turkey, Inflation, Russia? Appendix - How does Coca Cola bottlers work Coke distribution chain

Occidental Petroleum [$OXY] : "We are not in the oil discovery business. We are in the oil recovery business" - Chazen, ex-CEO, Occidental

Rain Industries (RAIN.NSE) : World's largest raw material manufacturer for Aluminium industry

Weekly Monitor - Wednesday, 11th October, 2023: Periodic newsletter of stocks/sectors/ideas we found interesting this week and may do a deep-dive at later point

Weekly Monitor - Wednesday, 4th October, 2023: Periodic newsletter of stocks/sectors/ideas we found interesting this week and may do a deep-dive at later point

Revisiting Spotify - Has the thinking changed? : It has been almost 1.5 years since I have owned Spotify and during the time, I have made 0% gain. My investment went down -50% and now it is back to where it started. This seems like a good time to revisit Spotify as a business and see if I have to reconsider owning this business for the longer term .

H1 2023 - What I have read & Currently Reading: Given that all I write these days is about stocks, I thought it might be fun to switch gears and talk about what I have read so far. I have a day-job, which means I have limited time to work on this. So I try to cover books related to business, investments or history in my reading list. So far, 8 books in, 4 on-going. I have written a short blurb on what I thought about the book and key take-away.

Redington India - An under the radar compounder : Summary Redington is an IT hardware distributor with operations across India, Middle East, Turkey and Africa. It has very low debt, grown FCF at 20% p.a for last 10 years and is currently trading at 6.5% FCF yield. They distribute laptops, PCs, mobiles, networking, datacenter hardware and tablets from all major brands (Samsung, Apple, Lenovo etc.) to both enterprises, re-sellers. This is a hard-to-enter business, mainly because: 1/ Building and m

[$KIRK] Kirkland's Inc: Specialty Home Furniture Retailer in US with 346 stores trading at ~50% discount to its liquidation value

[$HRBR] Harbor Diversified : A regional airline in OTC MKTS that is a typical Graham's bargain

How I invest?: Read this before you read my stock thesis.

[$SAVE] Spirit - An undervalued airline with an optionality from JBLU merger: [PSA] I have changed the name of the substack. Felt the previous one was bit too cheeky! Figured ‘Unfair Advantage’ is a more fitting name as I want to find companies, situations that gives the investor an unfair advantage. Summary All airline stocks have declined post-pandemic due to travel restrictions and are yet to recover. Spirit, in particular, is in potential merger talks with JetBlue, and the merger is currentl