coughlincapital.substack.com/@coughlincapital
Bio
Coughlin Capital由Brian Coughlin运营，是一个专注于独立研究的投资博客。他并非华尔街分析师，而是通过深入研究公司财报、竞争格局和管理层行为，寻找能够长期创造价值的企业。他以价值投资为导向，在Substack上分享他的研究过程、持仓和投资逻辑，并曾发表过对PDD和MKL的深度分析研报。 网络评价：发表过PDD和MKL深度分析研报
Ideas
2 Ideas
Quick Pitch: DingDong (DDL)
DingDong (DDL) has agreed to be acquired by Meituan for $717 million in cash, representing a significant premium to its recent trading price. The author highlights this as a compelling merger arbitrage opportunity with a potential 30-50% upside.
Shift4 (FOUR): Cheaper Than Ever
The author argues that Shift4 is significantly undervalued, trading at ~9x NTM earnings and under ~5x 2027 FCF if management hits their targets. The company has a $1 billion buyback authorization (~20% of market cap) and the founder was buying aggressively at higher prices. Despite the stock hitting 52-week lows, the author believes the market is missing the company's growth and operating leverage.