Directionally Correct Research

Quick Take: ABM Industries (ABM)

Author’s note: this is the first in a series of what will be more informal, open-ended, and inconclusive looks at single stocks.

Jun 12 • 

Will Powers

6

2

James Hardie Industries (JHX)

James Hardie (JHX): LONG

Jun 9 • 

Will Powers

6

Event-Driven, Activist, or Otherwise Interesting Situations Pt. 1

Author’s note: in an effort to post more frequently, this Substack will start including idea lists, analysis of interesting situations, names that are…

Jun 1 • 

Will Powers

6

2

February 2025

Perimeter Solutions (PRM)

Thesis Perimeter Solutions (PRM) is a unique specialty chemicals producer that experienced an incredibly rally in 2024 as an immediate competitive…

Feb 10 • 

Will Powers

8

January 2025

KBR, Inc. (KBR)

An interesting potential special situation with compelling fundamental backdrop:

Jan 29 • 

Will Powers

1

Vail Resorts (MTN): An Activist Story

Author’s note: the morning this piece was published, Late Apex Partners released its own Vail Resorts letter and excellent slide deck.

Jan 27 • 

Will Powers

3

1

AMN Healthcare (AMN)

Thesis AMN is a healthcare staffing provider that experienced an incredible spike in demand during COVID (approximately 2020 through early 2023).

Jan 14 • 

Will Powers

4

December 2024

Progyny (PGNY)

Thesis Progeny, Inc.

Dec 23, 2024 • 

Will Powers

4

1

October 2024

Odds & Ends, Part 1: Theme Park Edition

Top of mind thoughts, recent observations, & half baked ideas

Oct 23, 2024 • 

Will Powers

2

September 2024

Grocery Outlet (GO)

Thesis Grocery Outlet (GO) has come under pressure on fears that weak performance in its newer units indicate cracks in the company’s long-term growth…

Sep 3, 2024 • 

Will Powers

4

2

July 2024

Genius Sports (GENI)

Author’s note: I’ve been busy onboarding a new analyst* (see photo at end) and the price has run up a bit since I started writing.

Jul 25, 2024 • 

Will Powers

3

1

May 2024

Reading Tea Leaves: Two Budding Buyout Targets

Loosely structured notes on two (potential) emerging special situations

May 13, 2024 • 

Will Powers

4