PERSON DIRECTORY
Andrew Walker
Host of Yet Another Value Podcast. Andrew Walker appears in 145 indexed conversations across Yet Another Value Podcast. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
Why DraftKings might not be a big gamble with Aganju's Tolu Bukola $DKNG
DraftKings’s underappreciated iGaming business exceeds 20% of revenue, grows 20%-25%, and may already generate $300-$500M of EBITDA while sports betting roughly breaks even.Betfair’s 20-plus-year, roughly 5% share counters the prediction-market threat, but nationwide reach, lower fees, and no state gaming taxes make the 2027 or 2028 Supreme Court path a key catalyst, with unregulated 50% share a key risk.
Flying through the Volaris thesis with Antipodes' Phillip Namara
Volaris is framed as a mispriced merger option: about $10 a share standalone versus $20–25 if its merger with Viva Aerobus closes.Bus conversion, Interjet’s roughly $8 fare step-up, P&W restoration by end-2027 and 3–6% revenue synergies support upside, but regulatory approval remains decisive.
Yummy Century Egg's Guowei Zhang Echostar follow up $SATS
AT&T’s $22.7 billion EchoStar purchase inferred a 50% premium for 600 MHz, signaling that “the spectrum market has reset.”After debt and taxes, Guowei’s math puts $SATS’s floor in the low-to-mid-$50s per share within one to two years, before AWS-4’s potential roughly $80.The key risk is a $5 billion D2D build that could strand AWS-4 value behind SpaceX and Amazon, pending FCC approval.
Yummy Century Egg's Guowei Zhang on Echostar $SATS
Guowei Zhang values EchoStar’s spectrum at roughly $60 billion against about $13 billion of wireless debt, assigning zero value to Hughes and Dish TV.The network is about 70% cheaper to build but burns $600 million-$700 million quarterly and could reach zero cash by Q3 2026.Bankruptcy may enable an orderly spectrum sale, but FCC discretion and AWS-3/AWS-4 convert treatment leave realization uncertain.
Kontrarian Korner's Ben Kelleran on Sable Offshore $SOC
Sable Offshore’s Santa Ynez restart is nearing a regulatory inflection point: its first platform is producing into the onshore facility, but commercial sales await State Fire Marshal certification amid litigation.Low decline, 80% fixed lifting costs, and potential 70,000-barrel-per-day output support Kelleran’s roughly $1.2 billion EBITDA estimate against $3–3.5 billion EV.Certification, the $800 million–$1 billion Exxon PIK refinancing, and roughly 14% short interest frame the catalysts and risks.
Random Ramblings March 2025: the market sell off, relationships with management teams, corp gov
March’s selloff was far more violent beneath the indices, with the Russell 2000 down about 10% in one month and cyclicals pricing an “absolute depression.”Walker says opportunity cost—not purchase-price anchoring—should redirect capital among researched names, while repaired balance sheets may reduce cyclicals’ bankruptcy risk.Management access can still delay re-underwriting, leaving leverage, governance and business durability as decisive risks.
Kerrisdale Capital's Sahm Adrangi on $ACMR's price dislocation between Shanghai and NASDAQ listings
ACMR trades near $23 against roughly $70 DCF, $60-$110 comparables, and approximately $73 per share from its 82% ACM Shanghai stake.Localization drove revenue from $30 million in 2016 toward 2025 guidance of $850-$950 million, while restrictions may accelerate domestic-tool adoption.A Hong Kong listing or sale could narrow the gap, but urgency, inventory, governance, and U.S. ownership restrictions remain risks.