Rod Alzmann's avatar
$6.6m follower assets
Long $VTNR
These sentiments are fantastic to hear, and largely align with my crude (pun intended) understanding of the current marketplace. Given their skew to distillate production from the 75k bpd former Shell Mobile, AL refinery (closed April 1st) it appears they'll have paid for the refinery ($75M) with just 2Q22's FCF. Renewable diesel project value also appears discounted at current price, long still looking to add on weakness ahead of earnings next month.
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Reasonable Yield's avatar
I remember you being bullish $PLBY, what happened there? I never got round to looking at it too deeply, but thought it was interesting.
Rod Alzmann's avatar
@reasonableyield price went down and keeps going down. The brand is worth billions IMO, but Mr. Market disagrees.
Reasonable Yield's avatar
@uberkikz11 Why though? The valuation is far lower than projected revenue? This seems like overt pessimism.
Rod Alzmann's avatar
@reasonableyield it's a de-SPAC small cap discretionary growth name with management that's been unimpressive to date.

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