The following are copies of materials for my research on PayPoint: The TLDR of the pitch is that PayPoint's recent sell off is unwarranted. The valuation makes this very appealing and the underlying business has multiple levers to pull in order to regain fundamental momentum. They're returning gobs of cash to shareholders through both dividends (7.5% yield) and buybacks (7% yield). I think this has a hard time not being a winner over the next 12 months from this point. I've a

The following is my active portfolio as of market close 2/6/2026: Here is my portfolio outperformance at market close on 2/6/2026: And alpha by active position at market close 2/6/2026: Another month, another headache (this has been one of my favorite months investing to date, I'm being facetious). Truthfully it's just been this last week that has been difficult. I had somewhere around 4-5pps of alpha at close on Friday, January 30th. The software selloff hit me hard, and so

The following is my active portfolio as of market close 1/8/2026: Here is my portfolio outperformance at market close on 1/8/2026: And alpha by active position at market close 1/8/2026: It's funny because my alpha was quite literally negative all-time just yesterday. It's been a wild month for the portfolio, with the big contribution coming from Stalexport Autostrady today. I closed the position this morning with 209 bps of portfolio level alpha. Over the last half year I ret

We are halfway through December, but I wanted to report on the portfolio for the month of November. There will be a quick turnaround with December's report and Winter Break will give me some much needed time to think about how I'm positioned and what I want to own moving forward. The following is my active portfolio as of market close 12/16/2025: Here are some more accurate performance metrics that I'm now tracking: Portfolio Outperformance is a sum of alpha on all active and