Bread Crumbs Research
@breadcrumbsre.bsky.social
I invest in unrecognized/underappreciated excellence. Marathon AM: Trying to spot a great manager remains a game very much worth playing.
Now this all makes sense 😂
August 4, 2025 at 11:23 AM
Now this all makes sense 😂
Can fund higher defence spending
May 30, 2025 at 7:20 AM
Can fund higher defence spending
Starting point matters
May 19, 2025 at 1:44 PM
Starting point matters
CNQ, ipco , invx would be my three picks
April 3, 2025 at 12:05 PM
CNQ, ipco , invx would be my three picks
If you’re a net oil importer and don’t sell too much to the US, it’s a pretty good day
April 3, 2025 at 11:32 AM
If you’re a net oil importer and don’t sell too much to the US, it’s a pretty good day
Thanks. As I mentioned I hate this sector pretty badly but there seems to be some capital cycly staff going on so might take a look 🙏
April 1, 2025 at 3:46 PM
Thanks. As I mentioned I hate this sector pretty badly but there seems to be some capital cycly staff going on so might take a look 🙏
I have not. What the thesis here ?
April 1, 2025 at 3:41 PM
I have not. What the thesis here ?
I absolutely hate this segment and everything commodity-related but at the right price we should take the risk, right? It’s not religion after all
April 1, 2025 at 3:33 PM
I absolutely hate this segment and everything commodity-related but at the right price we should take the risk, right? It’s not religion after all
Last deal they made was at 4x ebitda for a biz growing 20% yoy and being market niche leader. Not bad!
April 1, 2025 at 3:32 PM
Last deal they made was at 4x ebitda for a biz growing 20% yoy and being market niche leader. Not bad!
Private equity loaded up with these companies in 2015-16-17. Now they want to exit without much/any buyers. Buyers’ market, baby
April 1, 2025 at 3:29 PM
Private equity loaded up with these companies in 2015-16-17. Now they want to exit without much/any buyers. Buyers’ market, baby
They just closed facility that was able to meet global demand in their market segment. Capital cycle stuff, capacity leaving the market blah blah blah
April 1, 2025 at 3:26 PM
They just closed facility that was able to meet global demand in their market segment. Capital cycle stuff, capacity leaving the market blah blah blah
People discovering capital cycle the hard way 🫠
March 24, 2025 at 12:52 PM
People discovering capital cycle the hard way 🫠
Also streaming + generally most of the stuff Masa was involved
March 19, 2025 at 5:50 PM
Also streaming + generally most of the stuff Masa was involved