Yellowbrick Investing
$PETS

Found a US stock that looks cheap to both assets and earnings, with lots of cash.

This is one I’m quite excited about, but I’m just waiting for a slightly lower stock price and clarity on the financials (the last statements have been delayed).

NCAV Ratio = 2.7
TBV Ratio = 0.91
EV/5Y FCF Ratio = 0.01
P/5Y FCF Ratio = 2.39

20Y FCF has been positive 95% of the time. The 5Y average shareholder yield, at today’s price, is 43.36%(!).

It’s a US direct-to-consumer online pet pharmacy selling prescription and OTC meds and supplies, primarily via 1-800-PetMeds and PetCareRx.

The dividend was suspended in Oct 2023, it experienced sustained sales declines through FY24-FY25, with a preliminary FY25 loss with lower Q4 sales, a delayed 10-K and a Nasdaq deficiency notice, plus C-suite turnover in Aug 2025.

The ‘new’ CEO just got fired, along with the CFO (I assume for fudging the numbers).

You are paying near net-cash for a going concern with long-run positive FCF. They also own property in Florida that is pretty much worth the current market cap.

If filings normalise and customer retention stabilises, earnings rather than liquidation value should drive returns.

The upside to fair value from my model data: +284.5%.

I want to see the ‘updated’ financials first, but this is definitely on my watchlist and the price is already low enough for me to buy as soon as we have clarity on the accounting situation.

The company is PetMed Express (PETS).

Sharing in case anyone else finds it interesting… - Mr Deep-Value
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Yellowbrick Investing
$NCDL

Bought $NCDL @ $13.28 (26% discount to NAV). BDCs have been taken out to the wood shed after high profile corp defaults (First Brands, Tricolor, Saks, etc). Seems like a classic case of throwing 👶 out with 🛁💧. Decent r/r setup w/ 12-24 month horizon imo. Thread 🧵 (1/n) https://t.co/9iMPi15cdg - secretlyaninja
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ToffCap
Out with a new TMM, our weekly overview of actionable event-driven and special sits 🔥🔥

This week:

- profitable companies selling assets and returning capital
- some very intriguing merger arbs
- odd-lot provisions
- busted stocks but with insiders massively purchasing shares
- cash shells with some (upcoming) action
- a lot of activist action (one of our highest alpha generating flags)
- drugs
- small softwarecos ready to fly
- ... and much more.

As always @ToffCap

Enjoy!
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Dimitry Nakhla | Babylon Capital®
Copart is in its largest drawdown (-31%) since the 2022 bear market

Adjusted for cash, $CPRT now trades for ~23x https://t.co/4jHncAtoST
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ToffCap
One of the main reasons why we keep an eye on what funds are doing in the market.

Aichi $7389 moving strongly after Ariake Capital buying aggressively in the markets.

Our event-driven monitor continues to flag quite a bit of these situations... https://t.co/PrSY3xjywZ
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Capital Employed
If you had to construct a portfolio to prosper over the next five years, how would you allocate it? (i.e. 10% gold, 10% small cap equities etc.) 🤔
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Quiver Quantitative
Wow.

Last year, we reported extensively on a suspicious purchase of Viasat stock by a member of Congress.

$VSAT is now up 393% since our reports.

Look at this: https://t.co/DHZ3lsdoTz
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AkhenOsiris
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Notable names this week:

• Tuesday: $BLK, $GS, $C, $WFC, $JNJ, $DPZ
• Wednesday: $AMSL, $BAC, $MS
• Thursday: $TSM, $IBKR
• Friday: $AXP https://t.co/Te726GHpVs
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Quiver Quantitative
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At the end of this week, their current recess will have lasted a month.

This comes after they went into recess for the entire month of August.

They haven't taken a recess from stock trading though.
Track their portfolios on Quiver.
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Tread carefully. These are highly speculative plays. https://t.co/zJSVoMgJJn
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