Founder & editor, The Value Road (newsletter)
3 dated public stances tracked since 2026-05-09, most recently 2026-08-02. 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 Lee Roach'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. Lee Roach 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 |
|---|
| 2026-08-02 | long SSP / long SBGI / long EVC / long NXST (+1 legs) | basket | -9.2% | — | — |
| 2026-05-09 | KODK | bullish | -5.2% | — | — |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| KODK | 1 | | 1 bullish | 2026-05-09 |
| RCHN | 1 | | 1 bullish | 2026-05-09 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-08-02
long SSP / long SBGI / long EVC / long NXST (+1 legs)
basket
Sunday's Idea Brunch · article
Legacy broadcasters trade at cheap P/E and EV/Sales multiples with hidden spectrum assets, a heated political advertising cycle, World Cup/sports gambling tailwinds, and a potential FCC 39% station-cap removal that would unlock M&A and force a significant…
“If this 39% cap is lifted these companies will almost certainly rerate as the current M&A activity gets sorted out”
90d -9.2%
Idea Brunch #2 with Lee Roach of The Value Road
2026-05-09
KODK
bullish
Planet MicroCap · video
Kodak is misperceived as a dead camera brand but is actually a chemicals company pivoting its pharmaceutical precursor business toward direct hospital supply of injectable solutions, which should 3x–5x margins by eliminating middlemen
“Kodak isn't a camera company. It's a chemicals company... they'll be able to 3x to 5x their margins”
90d -5.2%
Hunting Deep Value with Lee Roach, Editor/Founder of The Value Road Newsletter
2026-05-09
RCHN
bullish
Planet MicroCap · video
Rosh Industries trades near cash with receivables ~3x annual revenue signaling a large order in the pipeline for its Low Chill cooling technology, which is positioned to be adopted by Tenstorrent's low-power AI compute rack products launching Q1/Q2 2026
“the company was trading at cash... it had a receivables that was like three times its annual revenue”
Hunting Deep Value with Lee Roach, Editor/Founder of The Value Road Newsletter
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