All ideas

Vectrus is a defense contractor with sticky government contracts and a potential for margin expansion due to a fixed price structure on renewals. The company has a medium-term earnings power of $3 per

AXL has a manageable debt load with net debt at 2.5x EBITDA and a strong free cash flow of about $200 million annually. The company is expected to diversify its customer base and reduce GM concentrati

American International Group is improving its return on equity through share buybacks and increasing its asset to equity ratio. As the company's ROE mean-reverts to industry averages and the stock tra

American Axle & Manufacturing is perceived as a boring provider of commoditized products, but we believe it has innovative products that are not getting credit in the market. The company has a strong

We believe Bed Bath & Beyond is an exceptional business with a leading position in the housewares retail category and a return on invested capital consistently above 20%. The company has a strong cash

MGM is trading at a significant valuation discount with a 20% levered free cash flow yield. The stock is expected to appreciate as the company continues to pay down debt and improve its balance sheet,

Gazprom Neft generates a lot of cash flow and pays a large dividend, with a strong management team that adds value and allows the company to remain independent from Gazprom.

Lukoil has transitioned into a company that runs efficiently and pays big dividends, making it an attractive investment in the oil sector.

Uralkali was purchased at a very low price due to hidden profits, and the investor identified a potential structural supply deficit in potash, leading to a bullish outlook on the resource.

The Bank of Georgia was acquired during a time of political change and economic stabilization in Georgia, and it has since cleaned up its balance sheet and grown significantly, eventually listing on t

Investing in Surgutneftegas during the Russian voucher privatization program was a major opportunity, as we believed it was undervalued compared to its oil reserves, which were comparable to Mobil's b

We regret not owning Altice or Numericable, as we were impressed by their management team and their aggressive consolidation strategy in Europe.

After initially being short on BlackBerry, we reversed our position and went long due to the impressive turnaround strategy presented by CEO John Chen, which we believed would gain investor confidence

Telecom Italia's stock is currently priced at €1.08, but we believe it is worth at least €1.50 due to its potential for high-margin revenue growth and the value of its 67% stake in TIM Participações i

Telecom Italia is well-positioned to benefit from the consolidation of the European and Brazilian telecom industries. With its significant ownership of TIM Participações, it is a strategic asset that

Tencent is expected to trade in the teens next year with accelerating revenue growth, particularly from advertising, which has higher margins compared to mobile gaming. The monetization potential on T

MercadoLibre has established itself as a dominant player in Latin American ecommerce, successfully navigating a complex landscape and achieving profitability. The stock was initially undervalued due t

Facebook is not an expensive stock given its earnings potential, with estimates of over $3 per share next year. The company has significant assets like Instagram and WhatsApp that have not yet been mo

The multiple gap for CBS has narrowed compared to peer media companies, and while there are concerns about the television ecosystem, CBS still provides significant value to distributors. The stock is

Amazon is expected to improve transparency and focus on profitability, particularly in its retail and AWS segments. The company’s shift in strategy to care about share price and the potential for AWS

Investing in Pixar was based on the belief in its management and creative process, which consistently produced successful films despite skepticism about its business model. The company's strong intell

VimpelCom operates primarily outside of Russia and Ukraine, yet its stock has traded in correlation with the Russian index, creating an opportunity for investors. The fundamentals of the company remai

Oracle is a stable cash flow machine with a high retention rate on its maintenance contracts, making it less volatile than typical tech stocks. The company's management is aligned with shareholder int

Groupe Bruxelles Lambert is undervalued compared to its intrinsic worth, with a strong portfolio of assets and a disciplined management approach. The company’s ability to buy back stock at a discount