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Bestowal Capital

Focusing on generating returns by investing where accounting reality, asset value, and capital structure diverge from market perception, while protecting against permanent loss.

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues12Foundeda year agoLast Issue8 months ago
Active

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Latest Issues

Deep Value 3: Fiverr International Ltd. - AI opportunity and not AI Death

Summary & Market Data (as of 23 Jan 2026)

  • Company: Fiverr International Ltd.

  • Price: ~$16.15 per share

  • Market Cap: ~$598 million

  • Enterprise Value: ~$306 million (adjusted for Debt repayment)

  • Forward EV/EBITDA: 3....

8 months ago
6
3

Deep Value 2: Petco Health and Wellness Company, Inc. - All risks potentially priced in

Summary & Market Data (as of 9 Jan 2026)

  • Company: Petco Health and Wellness Company, Inc.

  • Price: ~$2.96 per share

  • Market Cap: ~$831 million

  • Enterprise Value: ~$2.1 billion

  • Source of mispricing: Indiscriminate se...

8 months ago
5
1

Deep Value 1: Acacia Research Corporation, a mini Berkshire Hathaway?

Yes, I did that. I compared Acacia Research Corporation (“ACTG”) to Berkshire Hathaway. A lot of people might disagree, which is fair.

However, there is a key differentiation between the two, Berkshire buys great companies at fair prices....

9 months ago
3
1

Special Situations 5: WW International Inc., Alpha Opportunity in Post-Reorganization

Current Price: $25.49

Market Cap: $254.57 million

Enterprise Value: $553.37 million

Bull Case Target Price: $47.17 (+85%)

Base Case Target Price: : $35.52 (+39%)

Time Horizon: 12-18 Months

Catalyst Type: Earnings Beat/ Analyst Coverag...

9 months ago
4
1

Special Situations 4: Capstone Green Energy Holdings, Inc., a successful distressed turnaround story?

There is something about looking at distressed turnarounds that I quite enjoy, it is hard to put it into words.

In this write-up, I cover Capstone Green Energy Holdings, Inc. (“CGEH”), an entity that re-emerged from a pre-packaged Chapter...

9 months ago
4

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