Sophon Capital Management
@Sophoninvest
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Former hedge fund analyst and corporate development professional looking for compounding machines, hidden assets, & special situations
Beverly Hills,CA & Chicago,IL
Joined November 2024
Our write-up on Basic Fit NV ($BFIT) is out. You can find the article in the link on our bio
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@valuemaverick1 @LacuaHalonen How?? Can’t go activist on this one they have control of the company. DM me I’m interested in what you’re thinking, I want them out too
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$PLBY has the most haphazard, inconsistent strategy that sends a really negative message to the market. First they were going to leave print business to focus on monetizing consumer IP, did a bad $330M deal to buy an unprofitable Australian lingerie brand, then a few years later said they were going to sell it, couldn’t sell it, and now they are going back to print business. It’s a clown show
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Definitely an off-the-beaten path idea but small cap companies with solid consumer IP should issue meme coins/NFTs. Pretty asymmetrical bet (they have de minimis start up/issuance costs with virtually unlimited upside). Imagine if $GENK (Korean restaurant chain) issued NFTs where each token was one of their menu items. That’s just a random example I came up with in the last 30 seconds, but interested in seeing companies adopt a Web3 forward strategy
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We’ve all heard of it.
The coolest company you've never heard of: - $70B conglomerate that acquires 100 companies/year. - On the way to produce 500 millionaire employees - Acquired 1000+ companies to date. Founder refuses any media interviews. Here's a deep dive on how he does it🧵
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RT @SFarringtonBKC: @Sophoninvest $BUR management said they expect a negotiated settlement from Argentina. It will be less than the $6.2 b…
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This is my favorite kind of research. While a consultant at Bain, I once drove around New England to visit dollar stores ($DG, $DLTR, $BIG, $FIVE) to gather research/competitive intelligence for our client, a consumer goods company. I still apply the same level of scuttlebutt, when I can, to my practice as an investor. You’d be surprised how few people actually do this!
Unlike the sell-side, we visit stores. Spent day at Short Hills Mall, NJ (best mall in state). Tons of takeaways to come but thought this photo sums up current state of Athletic Footwear. New Balance, $ONON, and Hoka ( $DECK) front and center at $JWN. Where are you $NKE?
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Holding excess cash in $BTC might just become the standard in corporate governance/balance sheet management for publicly traded companies over the next decade
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Does anyone have a good analysis of the legal dynamics/likelihood of $BUR’s impending YPF payout? Assuming they get the $6.2B judgment that’s $28 per share on a $13-14 stock. And Burford’s actual business is already a high-quality compounder that, in my opinion, is largely overlooked due to the complex/uneven accounting they use.
As a $BUR holder, I can attest painfully that overall market/sector ripping was never a reason for Burford to move. A glimpse of hope something material is cooking?
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This is actually a great idea and I foresee a potential new wave of activism in small cap space after the success of $MSTR and the way they unlocked “crypto premium” that way
Small cap companies need to take their excess cash and buy bitcoin $BTC
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@chaka23121 @lurker8679 Wouldn’t use book or TBV to underwrite the upside because assets on balance sheet held at carrying value. NAV is proper way to conceptualize upside
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@LacuaHalonen Maybe we were a little trigger happy posting that before doing any real DD. But yeah, that came up in our primary research soon after
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Because we’re weird and like weird, off-the-beaten path things
@Sophoninvest Why do you like highly valued office in central business districts with rising vacancy managed by an external manager based in Israel?
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We removed the paywall for our post on Ollamani Group ($AGUILASCPO.MX). This is a sum-of-the-parts opportunity with incredible upside.
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