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XIX Value

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Substack
PricingOnly free issuesPublishesWeekly
Issues14Founded2 years agoLast Issue2 months ago
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Latest Issues

Unloved Paper Stock Trading at 0.61x Book Value

Today’s idea checks a lot of boxes:

  • Trades at 0.61x book value.

  • Net cash equal to 57% of the market capitalization.

  • No meaningful debt.

  • Pays a dividend.

  • Profitable in most years.

The company is Iberpapel Gestión...

2 months ago
4
3

76% of the Market Cap Is Just Cash

I like to look for opportunities in the most overlooked corners of the market.

Currently, one of those corners is the European automotive sector.

And I found a deep value opportunity, backed by the balance sheet, just the way Walter Schlo...

2 months ago
17
1

Grifols: World-Class Moat, Crisis-Level Price

Grifols represents, in my view, one of the most asymmetric rerating opportunities in the European healthcare large-cap universe.

Simple as that.

It is a global oligopolist in a structurally growing market with high entry barriers, trading...

3 months ago
8
4

A Growing Business at a Discount to Its Own Cash

GrabAGun Digital Holdings presents an unusually deep-value situation in US modern markets: its net cash exceeds its entire market capitalization.

At current price, the equity capitalizes at approximately $68 million.

Against that, the com...

3 months ago
1

The forgotten darling of Spanish Fintwit with a 10% dividend yield

Let’s throw some numbers to get your attention:

  • Stock price: HKD 4.73

  • Market Cap: HKD 5,022m ($643m)

  • No Debt

  • Cash and cash equivalents: HKD 3,213m (~60% of market cap)

  • P/BV: 0.78

  • NCAV per share: ~HKD 6

  • P/F...

8 months ago
9
2

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  • XIX Value

    I look for cheap, overlooked, and unpopular stocks, preferably those trading below their Book Value or that are “net-nets”, just as Walter Schloss and the young Warren Buffett did. | Not investment advice.

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