Investors / stance tracking
What Tim Travis is saying
FollowFollowingUnfollowFounder, CEO & CIO, T&T Capital Management
7 dated public stances tracked since 2026-10-15, most recently 2026-10-22. 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 Tim Travis'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. Tim Travis is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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7
tracked stances
7
themes
0
side flips
2026-10-22
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| ADC | 1 | 1 bullish | 2026-10-22 | |
| BUSINESS DEVELOPMENT COMPANIES (BDCS) | 1 | 1 bullish | 2026-10-22 | |
| Commercial Real Estate | 1 | 1 bullish | 2026-10-22 | |
| MGM | 1 | 1 bullish | 2026-10-15 | |
| MSDL | 1 | 1 bullish | 2026-10-15 | |
| Private Credit | 1 | 1 bullish | 2026-10-22 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-22
ADC
bullish
The Acquirers Podcast (feed) · video
Agree Realty trades at ~13x cash flow with a 5% monthly dividend, 99%+ occupancy, $2B liquidity, and blue-chip tenants (Home Depot, Lowe's), making it deeply undervalued relative to quality at ~$65/share
“it's priced at around $65 per share now. It's about 13 times cash flow and it pays about a 5% dividend that's monthly”
AI is in a Mania… But Value is Finally Waking Up
2026-10-22
BUSINESS DEVELOPMENT COMPANIES (BDCS)
bullish
The Acquirers Podcast (feed) · video
BDCs holding 90-95% senior first-lien loan portfolios are trading at discounts not seen since the depths of the Great Recession despite current net charge-offs of ~0.1%, implying catastrophic default scenarios that are not remotely plausible given diversified…
“these valuations truly don't make sense”
AI is in a Mania… But Value is Finally Waking Up
2026-10-22
Private Credit
bullish
The Acquirers Podcast (feed) · video
BlueOwl Technology's BDC trades at such a large discount to NAV that the market has priced in 50% recoveries on 48% of the portfolio defaulting simultaneously, versus actual current net charge-offs of 0.1% across 200+ diversified software-focused loans
“48% of the portfolio would have to default... current net charge-offs is like 0.1% for them”
AI is in a Mania… But Value is Finally Waking Up
2026-10-22
Commercial Real Estate
bullish
The Acquirers Podcast (feed) · video
Non-office commercial real estate is at historically attractive valuations and REITs are creating shareholder value by partnering with private capital (e.g., Apollo) to fund growth at lower cost of capital, making a 5-year entry compelling unless one expects…
“if you have a five-year time horizon, now is a really attractive time”
AI is in a Mania… But Value is Finally Waking Up
Failed $45-48 acquisition bid by Barry Diller's IAC/People's drove MGM to ~$28, but the business generates strong free cash flow, has Macau exposure, a Japan casino development pipeline, and a cleaner balance sheet than Caesars whose deal was approved
“MGM generates a ton of free cash flow and they've got Macau”
MGM and VICI: Finding Value in the Las Vegas Selloff | Value Options Podcast
Casino REIT trading at 10x cash flow with 100% occupancy, 40-year leases to Caesars and MGM, and a growing 8% dividend represents obvious undervaluation relative to any private real estate cap rate comparison
“you're buying a real estate investment trust with 100% occupancy and the lease terms are like 40 years”
MGM and VICI: Finding Value in the Las Vegas Selloff | Value Options Podcast
2026-10-15
MSDL
bullish
The Acquirers Podcast (feed) · video
Business development company trading at 67 cents on dollar with only 1.8% non-performing loans implicitly prices in total loan recovery of just 74 cents — a scenario far worse than the 2009 great recession — while yielding 13% on adjustable-rate loans that…
“trading at like 67 cents on the dollar... you get like a 13% yield”
MGM and VICI: Finding Value in the Las Vegas Selloff | Value Options Podcast
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