Investors / stance tracking
What Bob Robotti is saying
FollowFollowingUnfollowPresident & CIO, Robotti & Company
10 dated public stances tracked since 2022-12-08, most recently 2026-09-02. 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 Bob Robotti'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. Bob Robotti is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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10
tracked stances
9
themes
0
side flips
2026-09-02
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. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|---|---|---|---|---|
| 2022-12-08 | OLN | bullish | +4.9% | -5.4% | -7.3% |
| 2022-12-08 | OIL | bullish | +7.0% | +1.7% | +6.1% |
| 2022-12-08 | BLDR | owns | +29.8% | +86.6% | +122.4% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| BLDR | 1 | 1 bullish | 2022-12-08 | |
| FPH | 1 | 1 bullish | 2026-09-02 | |
| Natural Gas | 1 | 1 bullish | 2026-09-02 | |
| OFFSHORE OILFIELD SERVICES / OSVS | 1 | 1 bullish | 2022-12-08 | |
| OIL | 1 | 1 bullish | 2022-12-08 | |
| OLN | 1 | 1 bullish | 2022-12-08 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-09-02
long OLN / long WLK
basket
MOI Global · video
North American chlor-alkali producers OLN and WLK trade at multiples Robotti finds implausible relative to the implied value in Berkshire Hathaway's commitment to OxyChem, while their structural natural-gas feedstock cost advantage (~$18/BOE vs ~$70 in…
“You can buy the two public companies for much less than what he's paying for OxyCem”
Bob Robotti: Turning Over Rocks
2026-09-02
TDW
bullish
MOI Global · video
Tidewater's retracement from ~$100 to ~$50 is a mispricing: the company is repurchasing shares at ~$39 — well below intrinsic value — mechanically increasing per-share earnings power while the offshore supply vessel upcycle (driven by under-replaced fleet and…
“We'll take advantage of it... increase the per share earnings capacity of this business by buying pieces of it at far less than what it's worth”
Bob Robotti: Turning Over Rocks
2026-09-02
FPH
bullish
MOI Global · video
Fivepoint Holdings owns irreplaceable permitted land in Orange County that took years to entitle and cannot be replicated; it has flipped from burning $100M/yr to generating $200M/yr from a single visible asset, yet the stock remained depressed solely because…
Bob Robotti: Turning Over Rocks
2026-09-02
SUBCY
bullish
MOI Global · video
Subsea 7's proposed merger with another large offshore EPCI fleet operator (ticker unclear from auto-captions) combines the two largest fleets, guided to hundreds of millions in cost synergies and revenue synergies from cross-geography equipment mobility…
“disliked cyclical business whose normalized profit capacity was being reshaped by consolidation before the market fully priced the change”
Bob Robotti: Turning Over Rocks
2026-09-02
Natural Gas
bullish
MOI Global · video
Canadian producers have been forced to sell gas at severely discounted AECO prices (sometimes negative vs Henry Hub) for lack of export options, but a new LNG pipeline to the west coast changes the destination to Asian markets at materially higher…
“Instead of selling it at the bottom of the market, they now have a gas pipeline that goes to the coast and they can sell to Japan”
Bob Robotti: Turning Over Rocks
Builders FirstSource has a differentiated competitive moat in off-site component manufacturing (roof trusses, wall panels, ready-frame) that makes it structurally different from a commodity lumber distributor, and even in a 20%-down housing environment…
“they're able to still continue to make money and generate cash … we tend to own them probably longer than we should”
90d +29.8% · 180d +86.6% · 1y +122.4%
Bob Robotti - Searching For Improving Industries
Olin's 40% US chlor-alkali market share in a five-player consolidated industry with a structural electricity cost advantage mirrors the New Market/Ethyl playbook — a 'Buffett business at Graham valuations' trading at single-digit P/E with a balance sheet…
“these are Buffett businesses … available at Graham type valuations cuz they trade at single-digit P/E multiples”
90d +4.9% · 180d -5.4% · 1y -7.3%
Bob Robotti - Searching For Improving Industries
2022-12-08
STLNF
owns
The Business Brew · video
Stolt-Nielsen's chemical tanker network — with 45-cargo segregations per vessel, specialized high-value industrial chemical routes, and proprietary terminal storage — creates barriers to entry that make it fundamentally different from commodity shipping, and…
“I thought this is a business with a huge barrier to entry … only now is it starting to manifest itself”
Bob Robotti - Searching For Improving Industries
2022-12-08
OFFSHORE OILFIELD SERVICES / OSVS
bullish
The Business Brew · video
A decade of under-investment slashed the global offshore support vessel fleet just as Saudi Arabia ramps its rig count from 60 to 100 through 2027 to offset Ghawar field decline, creating a supply-demand mismatch that is producing the sharpest day-rate…
“offshore services business … clearly excellent places to be invested today … industries that have been out of favor that have had under capital investment for an extended amount of time”
Bob Robotti - Searching For Improving Industries
Global spare productive capacity has collapsed from a ~20M b/d buffer in 1985 to roughly 2M b/d today against 100M b/d consumption, while the three largest sources — Saudi Arabia, Russia, and US shale — face structural production ceilings, making current oil…
“the supply that you have in excess of the current consumption is very small today. That's never happened before.”
90d +7.0% · 180d +1.7% · 1y +6.1%
Bob Robotti - Searching For Improving Industries
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