Investors / stance tracking
What Andrew Walker is saying
Portfolio Manager, Rangeley Capital
9 dated public stances tracked since 2026-05-14, most recently 2026-08-20. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Andrew Walker's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Andrew Walker is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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9
tracked stances
7
themes
0
side flips
2026-08-20
last heard
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| DRVN | 2 | 2 bullish | 2026-07-07 | |
| BITCOIN | 1 | 1 bullish | 2026-08-04 | |
| DCH | 1 | 1 bullish | 2026-06-15 | |
| HBM | 1 | 1 bearish | 2026-08-04 | |
| LRN | 1 | 1 bullish | 2026-08-20 | |
| NOMD | 1 | 1 bullish | 2026-06-15 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-08-20
LRN
bullish
Yet Another Value Podcast · video
Stride's new 71-year-old CEO has a contract heavily focused on sale-of-business provisions, suggesting M&A optionality is elevated above a typical public company, making it more likely than average to be taken private or acquired
“his contract spends a lot of time on what happens if this business gets sold”
$ELAL: El Al is a wartime monopoly at 2x EBITDA. Is that a trap? | ASB Partners
2026-08-14
WCC
bullish
Yet Another Value Podcast · video
Wesco is an electrical parts distributor that has become a data center play, with revenue growth accelerating from 2-3% annually to 8-10% and multiple expansion following, showing how boring distributors become compelling when secular demand finds them
“there's this other distribution company that I like, Westco, which is a electric parts distributor that all of a sudden has become a play on data centers”
$DNOW: the boring distributor that could double on 2029 numbers | Firebird Management
2026-08-04
HBM
bearish
Yet Another Value Podcast · video
Memory company valuations are unjustifiable even under supernormal-profit assumptions because the commodity cycle inevitably overcorrects, making the back-end earnings picture ugly once capacity catches demand
“there's just simply no way you can justify the current valuations”
August 2026 Random Ramblings
2026-08-04
BITCOIN
bullish
Yet Another Value Podcast · video
Beaten-up AI power infrastructure names sold off in the Situational Awareness blowup are trading close to the DCF of their existing signed contracts, making the continuation of the AI buildout a near-free call option
“if you can buy them for the DCF of their contracts and get everything else for free, that's a very interesting call option”
August 2026 Random Ramblings
2026-08-04
short MSTR / long MSTR
pair
Yet Another Value Podcast · video
Strategy equity trades at a NAV premium while diluting shareholders and selling Bitcoin to repurchase preferred at a discount, making the equity grossly overvalued relative to the preferreds which offer better risk-adjusted value in the same capital structure
“I'm short a little bit of strategy and long a little bit of the prefs”
August 2026 Random Ramblings
2026-07-07
DRVN
bullish
Yet Another Value Podcast · video
Sum-of-parts math on DRVN shows AutoGlass and Collision alone could cover all net debt, leaving a 50-year-old Take 5 franchise doing ~$400M EBITDA effectively free at a $2.4B market cap, and the business structurally belongs in private equity hands where a…
“This is why I got to be in position, right? I think the math really starts to work”
Adam Wyden: buying someone else's pain in Stagwell $STGW and Driven Brands $DRVN | ADW Capital
2026-06-15
DCH
bullish
Yet Another Value Podcast · video
PSU grants vesting only at $12–$22 (vs. ~$6 stock) are a 'dark arts' signal that management sees a large re-rating ahead; at ~5x free cash flow the company could return its entire market cap in FCF over 4–5 years as $300M in synergies are delivered by…
“they might generate their entire market cap in free cash flow over the next four to five years”
Alex Roepers on two deep-value special situations: $DCH and $NOMD
2026-06-15
NOMD
bullish
Yet Another Value Podcast · video
Frozen food requires substantial logistics and operating leverage that raises the barrier to private-label disruption, legacy brands (Birds Eye, Iglo, Findus) carry multi-generational consumer loyalty, the new CEO is kitchen-sinking in year one ahead of a…
“British kids are going to be eating frozen fish fingers...30 years from now”
Alex Roepers on two deep-value special situations: $DCH and $NOMD
2026-05-14
DRVN
bullish
Yet Another Value Podcast · video
Take 5 at an 11x Valvoline-peer EBITDA multiple covers all corporate debt and implies ~$17/share, with franchise brands and Auto Glass worth more than corporate overhead in private markets; accounting restatement appears largely historical and innocuous, and…
“I think Take 5 would be worth $20 per share and I kind of like that combo”
90d -0.7%
$DRVN Cruising through the Driven Brands thesis | Kyle Mowery GrizzlyRock Capital
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