Welcome to VDL
Value Don’t Lie is a premium special situations + value investing newsletter.
What I focus on
Most of my work falls into a few buckets:
Special situations — spin-offs, post-reorgs, carve-outs, activist investments, capital allocation inflections, management changes, turnarounds, strategic reviews, stub shares, and plenty of other event-driven setups
Small-cap and mid-cap value — quantitatively cheap businesses that are overlooked, underfollowed, or generally unloved (I do look at large caps, but only when severely out of favor)
Inflection stories — this is perhaps my favorite type of investment thesis; companies where margins, capital allocation, leverage, or general fundamentals are improving before the market fully appreciates it
Beaten down stocks — situations where the narrative is poor, expectations are low, and the market may be missing a more favorable long-term outcome
What you can expect
Value Don’t Lie is built for catalyst-driven and value-oriented investors looking to quickly get “up to speed” on a variety of special sits ideas.
Subscribers get:
Weekly investment ideas (Quick Value)
Periodic deep dives on selected names
Updates on active ideas and changing theses (tracker)
Thoughts on valuation, catalysts, downside, and risk/reward
Occasional portfolio-level observations and “top picks”
Lessons from past winners, losers, and mistakes
Newsletters are delivered weekly on Mondays with occasional other content throughout the month.
Subscribers have access to a real-time tracker of active recommendations and personal holdings are disclosed.
Here’s a sample of some popular write-ups:
What makes me unique
Most investment research gives you plenty of information without giving you any real information.
First, my concise approach is a twist on Michael Steinhardt’s 4 thesis elements (the idea, the consensus view, variant perception, and catalyst).
Each writeup includes:
Overview of the business (what they do)
Why it’s interesting (catalysts)
What it’s worth (valuation)
Second, my professional background includes a combination of technical accounting experience, public and private markets investing, and small business acquisition + operations. I currently own and operate a collection of private businesses with a partner (i.e. my “day job”).
Translation = my write-ups include only the most actionable elements (zero fluff) and are written by a combo accountant + investor + operator.
Subscribe
If this sounds like the kind of investing you care about, subscribe below.
Free subscribers get periodic Quick Value write-ups
Paid subscribers get full access to core research, ongoing idea updates, and all content
Disclaimer: This isn’t investment advice and by no means is performance of any securities mentioned guaranteed. Everything herein is opinion of the author. By using this site or subscribing, you agree to these terms and conditions.
