Focus
Focus CM
US
Dec 2024 → Dec 2024
Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 4 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Focus for every strategy.
What it bought and sold
- New positionValeura EnergyDec 2024
We mentioned in our third quarter letter that we have started building a position in a new company trading at a $350 million valuation, with no debt and about $150 million of cash, and making about $150 million a year in net profit.
Also held
Its investment theses
- Burford CapitalDec 2024Burford Capital is a global litigation finance company showing strong operational growth and potential for recovery in stock valuation despite recent legal challenges and a significant ongoing case against Argentina.
- Kingsgate Consolidated LimitedDec 2024Kingsgate is an undervalued Australian gold mining company poised to generate significant cash flow from its recently reopened Chatree mine in Thailand, forecasting robust production and profitability in the coming years.
- Silicon MotionDec 2024Silicon Motion is a promising investment opportunity with significant revenue growth and market share expansion anticipated in 2024, especially in high-end PC and AI/data center segments, despite a current stock loss.