Crossroads Capital
Our archive holds 3 letters from Crossroads Capital, behind 8 investment theses. Every quote below is copied verbatim from the letter it came from.
Crossroads Capital’s own letters pageTheses · 8
- December 2025
FTAI Aviation Ltd. is reshaping a leading CFM56 MRO platform into a capital-light, high-margin model via proprietary PMA parts, SCI asset management, and new data-center power applications that enhance scalable unit economics.
Read the full thesis - December 2025
Nintendo Co., Ltd. is a software- and IP-driven gaming platform with 90% of operating profit from software, growing high-margin recurring revenue streams, and a powerful first- and third-party pipeline that makes current hardware-margin fears a mispricing.
Read the full thesis - December 2025
AST SpaceMobile, Inc. is scaling a validated direct-to-device LEO satellite network with unique technical moats, accelerating launch capacity, blue-chip commercial and government demand, and fresh low-cost capital supporting significant long-term earnings power.
Read the full thesis - December 2025
Nebius Group is an AI-first cloud and infrastructure platform with multi-year hyperscaler contracts, secured multi-gigawatt power, and constructive financing that underpin undervalued long-term earnings potential.
Read the full thesis - March 2025
FTAI Aviation is a high-quality aerospace company leveraging a strategic pivot and implemented initiatives to drive robust, uncorrelated growth amid market volatility.
Read the full thesis - March 2025
Magnite (MGNI) is the largest independent programmatic SSP that, following strategic acquisitions and a contract with Netflix, is well-positioned to capitalize on the growing CTV advertising market, while also potentially benefiting from changes in the ad tech landscape due to Google's looming breakup.
Read the full thesis - March 2025
Nintendo is poised for significant earnings growth through its innovative Switch 2, bolstered by a strong software ecosystem, robust digital sales, and expanding third-party support, marking a transformative shift in its business model.
Read the full thesis - March 2025
Vistry PLC is transitioning to a capital-light partnerships model to become the UK's largest affordable housing manufacturer, improving financial predictability and returns while maintaining strong stakeholder relationships.
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Letter archive · 3
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