The cheapest Korean stock I’ve seen thus far.
September 15, 2026
The cheapest Korean stock I’ve seen thus far.
A banger of a quarter.
A few passes, a few maybes, and 2 stocks behind the paywall.
Another 5 stocks in the lowest end of Korea’s barrel.
Negative EV, EBIT and cash compounded at double-digit rates for years, consistently profitable, pays dividends and buys back stock, alignment with insiders (no chaebol).
Let’s get this going.
You don’t wanna miss this.
A (premium) update.
Today’s stock is a consistently profitable net net.
Still cheap and misread by the market?
Two lessons in the wreckage of Situational Awareness.
~15x FCF for a monopolistic market operator with infinite returns on capital that could probably grow mid-single digits “forever” is not a bad deal.
1.1x book and ~2x EV/EBIT for a locational monopoly in Singapore.
On a roll rolling up accounting firms while the share price has rolled off a cliff.
One of the most boring business models in Europe is one of the ones I love the most.
Recurring revenue collected years upfront, millions of users who have never heard of it, and a growth story few are underwriting.
Sorry, Einhorn.
A take-private fight with a 47% spread in play.
…probably very soon.
A scaled two-sided marketplace, a vulnerable board, and a fight that probably isn’t over.
Valuation, my two investment buckets, and position sizing.
Here are five questions I like to ask whenever a take-private offer shows up…
Removed the paywall on a liquidation play.
Not so sure.
How I dive deeper into a stock.
How I expand and filter my surface area.
Introduction to how I pick stocks.
Two reasons why this is interesting now.
The landscape is shrinking as another merger just hit the tapes.
A quick (premium) update.
By continuing, you agree to our terms of service and acknowledge our privacy policy.