CEO & portfolio manager, PenderFund Capital Management
4 dated public stances tracked since 2021-07-12, most recently 2021-07-12. 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 David Barr'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. David Barr is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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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 |
|---|
| 2021-07-12 | STC | bullish | +17.9% | +38.1% | -9.0% |
| 2021-07-12 | SFIX | owns | -45.6% | -69.6% | -91.5% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| PF | 1 | | 1 bullish | 2021-07-12 |
| SFIX | 1 | | 1 bullish | 2021-07-12 |
| STC | 1 | | 1 bullish | 2021-07-12 |
| WE | 1 | | 1 bullish | 2021-07-12 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2021-07-12
STC
bullish
The Acquirers Podcast · video
Unified communications provider serving the SMB analog-to-digital telephony transition trades at a 40-50% discount to US peers (RingCentral, Twilio comps) due to Canadian listing obscurity, with a pending US listing as a potential re-rating catalyst and…
“trades at about a 40 50 discount to what u.s peers trade at and pursuing a us listing right now”
90d +17.9% · 180d +38.1% · 1y -9.0%
Venture Value: David Barr on small and micro growth with Tobias Carlisle on The Acquirers Podcast
2021-07-12
SFIX
owns
The Acquirers Podcast · video
Battleground stock with strong opinions on both sides creates violent mispricing; Pender's view on underlying earnings power justified buying when the market overshot to the downside after the stock fell from $100 back into the $30s
“we reloaded on our position”
90d -45.6% · 180d -69.6% · 1y -91.5%
Venture Value: David Barr on small and micro growth with Tobias Carlisle on The Acquirers Podcast
2021-07-12
WE
bullish
The Acquirers Podcast · video
Dominant acquirer of Shopify ecosystem software tools riding a secular tailwind as Shopify becomes the platform for differentiated/creator-economy retailers, run by disciplined capital-allocators with a Buffett/Munger framework who can compound value through…
“in 12 months i think people are going to be saying ah i wish i bought it a year ago”
Venture Value: David Barr on small and micro growth with Tobias Carlisle on The Acquirers Podcast
2021-07-12
PF
bullish
The Acquirers Podcast · video
Early leader in field-service automation software with greenfield market, a private-equity comp acquisition proving out higher private-market value than current trading multiple, and normalized margins well above current levels as growth investment moderates
“pronto forums today is trading at a lower multiple than what one of their competitors was acquired for about two years ago”
Venture Value: David Barr on small and micro growth with Tobias Carlisle on The Acquirers Podcast
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