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.
$TPB: can Turning Point Brands be the third player in nicotine pouches? | Saberpoint Capital
Turning Point Brands is positioning FRE and Tucker Carlson-backed ALP as a third nicotine-pouch player, using national distribution, regulatory capability and an expanding salesforce.Cash-generative legacy businesses may support expansion, but PMTA, slotting, marketing costs and unresolved domestic-production timing and Tucker economics could pressure earnings.
$TBBB: Tiendas 3B is Mexico's Aldi. Is it too late to buy? | Fruit Tree Capital
Tiendas 3B brings Aldi/BİM’s hard-discount model to Mexico with roughly 3,700 stores, 1,000 SKUs, and over 60% private label.Organic distribution-center “cell division” supports expansion, while Vadia says halved 38% growth over two to three decades could produce a potential 100×.The key risk is whether two-year payback survives 15,000 stores as produce adds complexity and Mexico risk remains.
Adam Wyden: buying someone else's pain in Stagwell $STGW and Driven Brands $DRVN | ADW Capital
At $7.40, Wyden frames Stagwell at roughly 4.9x 2027 EBITDA and a 22% 2027 free cash flow yield, versus $18-$26.50 under cited comparables.Large-client complexity and agency data underpin Wyden’s AI defense, while buybacks may be catalysts.Driven Brands’ Take 5 generates roughly 40% new-unit cash-on-cash returns, but debt, EV adoption and corporate costs remain unresolved risks.
Pershing Square Challenge 2026 winners on DoorDash $DASH
Andrew WalkerZKElliotAaronSylvie
DoorDash’s variant view is that US restaurant delivery remains “in the middle innings,” with MAUs compounding 8% through demographics, share gains and higher frequency.About 90 primary calls and Denmark’s subsidiary disclosures support Wolt share gains and confidence in a Deliveroo integration playbook.The $320 2029 target requires EBITDA compounding “over 30%” for four years, leaving GAAP profitability, SBC, grocery losses and AI-agent competition to monitor.
Avory's Sean Emory on Clear Security $YOU
Clear Secure's differentiated signal is 31M total members versus 7.5M paid, with enterprise enrollment cited as the gap and bookings guided from 16% revenue growth to 24-26%.The core trades around 15x 2026 FCF ($440M guide), while 30-40% pricing expansion could roughly double revenue; risks include undisclosed enterprise economics and TSA replication.
Accrued Interest's Simeon McMillan on $VSNT and the evolving media space
Versant’s dividend-driven rerating contrasts with McMillan’s $27 conservative fair value versus $35–36, while free cash flow falls 15–20% annually. 2028 brings NBC’s ad-sales separation and easing Morris Trust restrictions, potentially exposing packaged-advertising economics and weakening carriage leverage.GolfNow and TeeOff’s estimated 75% share is strategic, but mid-single-digit growth may not offset media declines.
A tour through the media landscape with TSOH's Alex Morris
Netflix’s abandoned Warner Bros. bid exposed a discipline test: Alex Morris judged the price excessive because it transferred value Netflix itself would create to WBD shareholders.Paramount Skydance now faces a $100B+ integration in which linear businesses contribute over 50% of revenue and roughly 80% of EBITDA, after WarnerMedia-Discovery missed every major projection.Netflix may respond by accelerating sports and international expansion, while execution, regulation, and the unresolved reason for its withdrawal remain key watchpoints.
Working out Basic Fit's Value with Buckley Capital's Zack Buckley $BFIT
Buckley says Basic-Fit’s 2023–25 clubs are returning to 2016–19 unit economics, while France’s €35 million 24/7 rollout could lift membership and reduce labor costs.He sees about 30% buildout returns and 2027 free cash flow of €450 million–€550 million versus consensus 2026 EBITDA around €390 million, while execution and another forecast miss remain risks.
Born to be wired (September 2025 Book Club)
John Malone’s edge was matching cash flow, leverage and tax efficiency to the high-tax, high-rate, GAAP-focused regime beginning in 1980, then unbundling assets to expose hidden value.The approximately 1991 TCI–Liberty separation also exposed governance risk around oversubscribed rights and warrants, while Liberty’s succession, Formula 1 momentum and Liberty Global’s promised transactions remain key signals.
Sophon Capital's Thunderbird Entertainment Thesis $TBRD
Andrew WalkerFranco Chomonalez
Thunderbird trades below 2x next-12-month EBITDA, or roughly four times after-tax free cash flow, despite net cash.Service work supplies cash while owned IP offers upside, with Canadian labor incentives and Atomic Cartoons’ execution reputation supporting repeat work from Disney and other platforms.An expected TSX uplisting may improve liquidity, but AI and the unresolved economics of outsourced production remain key risks.