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Jun 2024
33m 33s

BONUS EPISODE: Keynote Q&A with Bob Robo...

Andrew Walker
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Jul 27
July 2026 Random Ramblings
Investing is a game of arrogance. The base rate when you buy any stock is that it just does the market return, so every position you hold is a bet that you know something the market doesn't. My July ramble is really one question asked five ways: when do you look in the mirror and ... Show More
27m 44s
Jul 24
$LNW: a slot machine oligopoly at half Aristocrat's multiple | Zack Buckley
Light & Wonder ($LNW) is one of three companies in the slot machine oligopoly, with 70%+ recurring revenue, and it trades at 7-8x EBITDA while Aristocrat, its closest peer and arguably its slower-growing twin, trades at roughly double that. Zach Buckley thinks the market is wrong ... Show More
53m 40s
Jul 20
$PRKS: SeaWorld, an 8% cash yield, and a possible 80% short squeeze | Hawkins Entrekin
United Parks ($PRKS) owns SeaWorld and Busch Gardens, trades around 8x EBITDA with an 8%+ unlevered cash yield, and is plowing basically 100% of free cash flow into buybacks while Hill Path sits on roughly 60% of the stock. Adjust for passive holders and effective short interest ... Show More
1 h
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