Just sent paid subs out quick note on how we moved on OneSpaWorld $OSW with just a few hours of research. This mainly stemmed from a mis-priced asset getting thrown out with the bathwater which presented a great r/r opportunity. Find it in the usual place.

The deterioration of Tesla's core business is quite amazing, but perhaps more so that the shareholder base is not disturbed by it. The core business is under stress and the stock doesn't move. $TSLA

"And I think we'll probably have autonomous ride-hailing in about half the population of the U.S. by the end of the year." - Elon Musk on $TSLA earnings call. How do $TSLA investors even believe something like that? How can anything he says be trusted?

Another impressive qtr by $EEFT with revs +9% and EBIT +13% (FXN). Mgmt also bought back 7% (!) of the shares in the qtr. Still, shares trading at 10x FY25 EPS. What will it take for the market to appreciate this company? #smallcap #StockMarket ir.euronetworldwide.com/news-releases/…

Another standout quarter for $CXXIF. Delivering on both the top and bottom lines. The macro remains difficult, but Sonny, Bruce Macdonald and Sammy J continue to execute as well as anyone in the #cananbis industry. #smallcapstocks #StockMarket

10% - 20% at a minimum. I can't recall another situation offhand where the market completely shrugged off what were impressive earnings especially considering the macro landscape. $EEFT #Smallcap #StocksToBuy

Amazing that $TSLA shareholders value a $30B stock award package to Musk than they are critical of a 8.4% decline in China car shipments in July. What company gives out a massive pay package when the company is floundering? 🙄

This is a pretty material debt refinancing for $PRTH. The 100 bps improvement in interest cost will reduce annual interest by $10m and increase earnings by 10%. Great job by mgmt here. Stock trading at 6x my cash EPS number now. #smallcap #StockMarket ir.prioritycommerce.com/news-releases/…

Since June 22, $PRTH has announced a $40m share buyback program and refinanced its debt (lower rate, extended maturity), and all the stock has done is drift lower by 11% (RTY Index up 5%). Just so little interest in value, small cap right now.

"In both Germany and the UK — by far the two leading countries for battery-electric vehicle registrations in Europe — Tesla’s July sales fell by more than half compared with a year ago..." Will this poor fundamental performance ever be acknowledged by the market? $TSLA

Market does not seem to care but this is pretty extreme for the fundamental performance that $EEFT is putting out. #SmallCaps #StockMarket

YIKES!!! $GTBIF no longer hosting quarterly conference calls is a terrible decision. Not what you want to see from the leader in the sector.

"The Board of Directors voted to recommend a new $500 million share buyback authorization, subject to approval by non-Hill Path shareholders." This represents ~40% of the equity float! $PRKS #smallcap #StockMarket unitedparksinvestors.com/news-releases/…

"Gallup, which has tracked U.S. drinking trends for three decades, found in its latest survey that a record-low number of people claimed beer as their alcoholic beverage of choice." Not a great trend for $SAM and other brewers. wsj.com/business/retai…

"President Trump is considering reclassifying marijuana as a less dangerous drug, according to people familiar with the matter." Hopefully not just more hopium but tangible progress being made on rescheduling. $MSOS $GTBIF $TCNNF $CURLF $AAWH $CRLBF wsj.com/politics/polic…

Too little too late for $IMXI. Had they made a deal back when they announced strategic alternatives back in November when the stock was in the low-$20s they would have certainly gotten a better take-out price than the $16 $WU is paying them. investors.intermexonline.com/news-releases/…

At some point the market will open its eyes to small-cap value... $EEFT #smallcap #ValueInvesting

Not that Noah Hamman or Dan Ahrens need an apology, but for all those who complained about $MSOS over the past few months should look at the volumes of $MSOS vs. the underlying. Without $MSOS these stocks wouldn't even have a chance to run in the way they might now.

United Parks & Resorts $PRKS going for another $500m share buyback. This would be ~17% of the current market cap. While there's little growth here, margins are high and the company has done a great job in reducing debt. A reminder that this would be a new $500m buyback, the

This is an amazing analysis in that they apply a discount rate of only 8.5% for what remains a highly speculative endeavor and the admission that the core auto business is only worth $28, 92% downside! Even w/these bullish assumptions, the upside is only 7%! $TSLA #StockMarket