Investors / stance tracking
What Charles Lemonides is saying
FollowFollowingUnfollowFounder & CIO, ValueWorks
20 dated public stances tracked since 2026-10-12, most recently 2026-10-12. 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 Charles Lemonides'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. Charles Lemonides is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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20
tracked stances
20
themes
0
side flips
2026-10-12
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| CADELER | 1 | 1 bullish | 2026-10-12 | |
| CART | 1 | 1 bullish | 2026-10-12 | |
| CASY | 1 | 1 bearish | 2026-10-12 | |
| CAT | 1 | 1 bearish | 2026-10-12 | |
| CHRD | 1 | 1 bullish | 2026-10-12 | |
| DNNGY | 1 | 1 bullish | 2026-10-12 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
Intel benefits from both the CPU trade and as one of the only companies globally with real, ramping foundry capacity at improving yields, giving it dramatic upside torque as the chip manufacturing bottleneck persists
“the torque to the upside is pretty dramatic”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
2026-10-12
MSB
neutral
Monetary Matters · video
Mesabi Trust owns royalty rights on an active iron ore range generating a potential 10–12% yield at current iron ore prices, with the stock at ~$20 and periodic cash flows up to $8/share; the royalty is fairly priced and Cleveland-Cliffs has returned to…
“one of my favorite investments is Mesabi Trust”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Wolfspeed fell from roughly $80 to roughly $22, offering better risk/reward than Intel in the high $80s as a differentiated chip company within the semiconductor value chain
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
2026-10-12
UNTC
bullish
Monetary Matters · video
Unit Corporation is a $300M equity-cap domestic E&P with $100M net cash expected to generate $75M in cash flow over the next year, making it effectively available at roughly 1.3x forward cash flow — extreme value for a producing oil and gas company
“a bit of a gem”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Texas Pacific Land is overvalued because the market double-counts both the intrinsic asset value of the land (~$2.5B) and mineral rights (~$2B) AND separately capitalizes the cash flows those same assets generate — the two are not additive, and the stock's…
“I don't think they're worth anywhere near what people are paying for them”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Honeywell's 50% ownership of recently-IPO'd quantum computing company Quantinuum provides exposure to a transformative technology effectively for free while the parent industrial conglomerate itself trades at a fair valuation
“we're getting at that stock for for nothing”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Micron trades at low valuations to book and cash flow with earnings power expected to persist for another couple of years, and momentum can continue to drive the stock higher despite the fund having already scaled back the position from peak sizing
“by no multiple is Micron expensive today. So, it's still in the portfolio, and we're going to let it run”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Lyft is cash-flow-positive with consistently growing ride-share volumes yet trades at roughly one-quarter of Uber's valuation; ride-share is not a winner-take-all market and autonomous disruption will impact all incumbents equally since self-driving vehicles…
“we're long Lyft, which is roughly a quarter of Uber's valuation”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Instacart operates a profitable, secular-growth grocery delivery business with better margins than DoorDash yet trades at roughly one-quarter of DoorDash's valuation in a market that is not structurally winner-take-all because marginal costs do not approach…
“we're long Instacart, trading at 1/4 the valuation”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Rivian trades like an unloved value stock despite being positioned in the secular EV and autonomous-vehicle supply chain, and shares the same investor-fatigue dynamic as Lyft and Instacart that should resolve in a 2–4x return over the medium term
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Chord Energy is an $8B domestic independent E&P trading at roughly 3–4x forward cash flow with stable production from existing wells and modest annual drilling growth, making the valuation hard to argue with at current energy prices
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
2026-10-12
TDW
bullish
Monetary Matters · video
Tidewater's fleet of offshore supply vessels can be purchased near replacement cost while supply-demand has tightened sharply — the expanding number of drill ships each requires four to five supply vessels, and there are no longer any spare vessels, driving…
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
2026-10-12
HORNBECK OFFSHORE (RE-LISTED)
bullish
Monetary Matters · video
Hornbeck recently re-listed via a merger creating a ~$1.5B combined offshore supply vessel company in an extremely tight market; the first quarterly results as a combined public entity are expected to be a positive surprise to investors unfamiliar with its…
“people will will be quite surprised with how they're doing”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Valaris drill ships are very cheap relative to the replacement cost of the rigs and projected next-year cash flows, with offshore drilling activity in a structural multi-year growth trend
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Casey's General Stores trades at 35–40x earnings and 3–4x store replacement cost while a temporary margin tailwind from elevated gasoline prices (~50 cents/gallon vs. a normal 20–25 cents) is normalizing, and new gas-station-with-pizza-outlet expansion in the…
“that tree's not going to grow to the sky”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Walmart is overvalued relative to its growth prospects, with overdone market enthusiasm embedding growth assumptions the business cannot deliver at current multiples
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
2026-10-12
WMK
bearish
Monetary Matters · video
Weis Markets is a regional Pennsylvania supermarket chain trading at 35–40x earnings on a COVID-era earnings bump that has faded, with structural growth challenged by Costco and Walmart attacking from both sides and no credible expansion path
“they're not going to earn $3”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
Caterpillar trades at 40x earnings near-peak cycle conditions with only 3–4 years of growth runway remaining rather than 6–8, making its massive multiple unsustainable for a cyclical industrial business
“I'm sorry, the stock's at 40 times they may not be peak earnings, but they ain't trough earnings”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
2026-10-12
DNNGY
owns
Monetary Matters · video
Orsted has been sold off due to current US administration opposition to offshore wind, but the long-term secular growth in offshore energy remains intact, making the company one of their favorite current holdings at depressed prices
“one of our favorite holdings is Orsted”
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
2026-10-12
CADELER
bullish
Monetary Matters · video
Cadeler owns specialized installation vessels for offshore wind turbines and is a secondary leveraged play on the secular offshore wind buildout, benefiting regardless of near-term policy headwinds as the physical installation backlog grows
The Final Phase of This Bull Market Will Be Massive | Charles Lemonides
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