ACTG: September, 2021 Update
tmoore2021-09-15T13:23:16+00:00Formidable Asset Management (“Formidable”) has closely followed Acacia Research Corporation (NASDAQ: ACTG) as part of our fundamental research; click here for our September 2021 piece.
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T&C | Episode 23: There’s Always an Arquillian Battle Cruiser
tmoore2021-09-03T18:55:35+00:00We explore the cacophony emanating from the loudest voices in the room on things like meme stocks and the delta variant, and provide our own measured analysis to separate hyperbole from reality. We also explore the jaws opening between economic data and interest rates, the Fed’s conundrum, and stretched valuations for the most speculative stocks.
Market Commentary – The Guns of August – August, 2021
tmoore2021-08-13T20:27:52+00:00After spending the last few months mired in pop culture, seems we should diversify this month and look to one of our favorite books, an underappreciated tome on an underappreciated topic: World War I. Generationally, many of us have a connection to World War II, and there has been much more ink and media committed to the sequel than to the Great War. Having said that, the seeds of WWII were planted on the fields of Verdun and the conference tables at Versailles.
LAC: What Comes Next for Thacker Pass?
tmoore2021-08-11T16:11:09+00:00Formidable Asset Management (“Formidable”) has closely followed Lithium Americas Corp (NYSE: LAC) as part of our research in green energy; click here for our January 2021 piece on the approval of the company’s Thacker Pass project.
T&C | Episode 22: Carnival Barkers
tmoore2021-08-05T19:36:50+00:00We explore the cacophony emanating from the loudest voices in the room on things like meme stocks and the delta variant, and provide our own measured analysis to separate hyperbole from reality. We also explore the jaws opening between economic data and interest rates, the Fed’s conundrum, and stretched valuations for the most speculative stocks.
T&C | Episode 21: Flashing is good?
tmoore2021-07-23T13:27:53+00:00We ignore the flashing red light on the microphone, just like markets have been ignoring any number of warning signs. We discuss the bond market (or lack thereof), explore the conflicting signals sent by treasury yields, and the explore the inexplicable appetite for the currently misnamed high-yield debt. The bifurcation of equity returns between megacap and the rest is discussed, as are the potential effects of the delta variant on supply chains. We also discover Will and Adam were, unsurprisingly, both in high school Latin clubs. Caveat emptor.
Market Commentary – Dukes of Haz(z)ard – July, 2021
tmoore2021-08-13T20:14:57+00:00One of our colleagues was kind enough of send us footage of his recent family trip to Washington, D.C., which included a Clark Griswold-like stop at a Dukes of Hazzard-themed museum/restaurant in Virginia.
T&C | Episode 20: Bark Twice if You’re in Milwaukee
tmoore2021-07-07T13:18:13+00:00We bark again about the continued mania in meme stocks, as well as delve into the inflationary pressures building in certain parts of the economy. The massive flows into equities and misnamed “high yield” debt are also topics of conversation, as are looking to the late 1940s and late 1960s as potential playbooks for what might be a choppy remainder of the year.
Acacia Research: Undervalued Biotech Tentacles
tmoore2021-06-28T12:46:57+00:00In this research note, Formidable takes a deep dive into Acacia Research Corporation (NASDAQ: ACTG), which represents an investment opportunity in secondary private equity, as well as patent litigation (its historical bailiwick). See below for the company’s mission statement, pulled from its website.
T&C | Episode 19: A Frugal Pair/Lumber vs. Timber/Dilution vs. Delusion
tmoore2021-06-15T20:59:11+00:00Come aboard. We’re expecting you… We make another run after a technology glitch to discuss the Love Boat’s star-crossed investors, the knife-sharpening industry, and the strange dichotomy between market complacency as a whole versus the mania around retail trading in meme stocks. From there, we delve into a discussion of inflation as reflected in things like lumber and labor. We then debate how a trade can be both right and wrong concurrently and why capital allocation matters for companies in secular decline.