JD

Just uploaded Part 1 of one of the most interesting companies we've come across in a long time, and we think you'll enjoy this one. A British C-UAS company trading at <8x EV/EBIT. Divesting non-core assets. Management fully aligned. Catalysts approaching. It took a few late nights and a flight. Hope it's worth your time. Check it out ⬇️

YouTube, please dump this garbage and give us back the old resolution selector menu

@AltaFoxCapital @jd_quinterof @fgp_24 Oops, wrong account — the actual Hunting Baggers account is @HuntingBaggerz 😅 Classic “posting from the wrong window” moment…

@AltaFoxCapital Amazing experience!

1: It was an absolute pleasure having you all there and thank you for the kind words. What started as an undergraduate national stock competition has truly turned into an international one! 2: You really shouldn't post pictures of me with my shirt off.

Two months ago, I flew to Fort Worth 🇺🇸 to pitch one of the most undervalued companies I’ve come across this year in front of @AltaFoxCapital. My team and I placed 2nd at the Alta Fox Stock Pitch Competition 2026 — against some seriously strong competition. 🥈 Today, we published Part 1 of the full thesis on @HuntingBaggerz A 140-year-old British company quietly building the future of naval counter-drone systems. Sole-source supplier to the US Navy. Systems used by 40+ navies, including Canadian destroyers. Operational in Ukraine. Trades at <8x EV/EBIT, with zero analyst coverage, £35m in net cash, and no debt. CEO is actively buying shares. One of the few remaining deep-value anomalies in defence. One of the most exciting companies I’ve ever dug into — and we genuinely think it’s mispriced. Part 2, with the full numbers and upcoming catalysts, drops next week. 👇 A huge thank you to Connor and the entire Alta Fox team. Fort Worth is a beautiful city, but what truly made the trip special was the warmth and professionalism of everyone we met. Connor is, without a doubt, one of the best hedge fund managers out there — and the fact that he actually does this for young people speaks for itself. It was an honor to be there. We hope to return soon.

Roughly a month ago, I flew to Texas to present a deep-value setup of the year to Connor Haley and the @AltaFoxCapital team. My team and I took home 2nd place at the Alta Fox Stock Pitch Competition 2026, surrounded by some tough competition. We spent a lot of time digging into a completely off-the-radar British company. Here is the crazy part: they are quietly dominating the future of naval counter-drone systems. They are the sole-source supplier to the US Navy, their tech is battle-tested in Ukraine, and they supply over 40 navies worldwide (including Canadian destroyers). Yet, the market is completely asleep at the wheel. The stock trades at <8x EV/EBIT without analyst coverage. They boast an excelent balance sheet with £35m in net cash and zero debt, and with an incredibly high ROIC. Today, the secret is finally out. Part 1 of our thesis is live on our Substack, @HuntingBaggerz . Part 2 of our deep dive covering the full financial models, intrinsic valuation, and the catalysts drops next week. Check it out here: huntingbaggers.substack.com/p/a-sole-sourc… On a personal note, I want to extend a huge thank you to Connor and the entire Alta Fox team for their hospitality and the for the opportunity to participate in their event.

Sole-source supplier to the US Navy. 40+ navies. Canadian destroyer programme (15 ships). Counter-drone systems operational in Ukraine. Trades at <8x EV/EBIT. >40% ROIC. £35m net cash. No debt. Zero analyst coverage. 60% discount to closest peers. CEO buying shares in the open market. Repeatedly. Part 1 of the deep dive is now live on Substack. 👇👇 open.substack.com/pub/huntingbag…

Today, we release Part 1 of our most in-depth thesis to date: the invisible supplier behind Western naval C-UAS. ⚓️ From coal mines to a critical NATO contractor, this is one of the few remaining deep-value anomalies in the sector. Despite its sole-source US Navy status and taking market share from giants, it trades at a 60% discount vs its closest peers. With the CEO buying shares just 2 days ago and a non-core divestment looming, the catalysts are aligned. Part 1: History, Context, and AGM Insights. 📅 Today @ 14:30 UTC. (Part 2 follows next week). Stay tuned. ⚔️

Italy, France, Spain and the Netherlands are sending warships to Cyprus. HMS Dragon arrived off the island this week. Every one of those ships carries close-range gun systems specifically designed to engage the drone threat Iran has been deploying across the Gulf for the past month. There is a British company whose systems are on those ships right now, actively defending against Iranian drones, trading at a 60% discount to its closest defence peers. 🇬🇧🇮🇷 Debt-free. Nearly 20% of its market capitalization in cash. Revenue visibility through 2040. Awarded a major naval contract this week, and yesterday its CEO bought shares on the open market. Zero analyst coverage. Nobody is writing about it. Tomorrow we are. 14:30 UTC 🎯 Any guesses? defensenews.com/global/europe/…

Cuánta razón tenía Rothbard 🙂 #IJM

The buy-and-hold mantra is dangerous, the way I see it applied by many here. I think Buffett advice has been greatly misunderstood and can do more damage than good if taken out of proper context. At it's core it encourages you to buy good companies and that is very fair and good practical advice, depending on your strategy (others like a more catalyst driven style which is also fine). But buying companies and then when the thesis/data is drastically changing and you are not reacting because you need hold long term for some reason as if the issue will fix itself is not a viable strategy, at least in my experience. If you observe Buffett’s portfolio and generally in investors that have great skill you will see that turnover is rather high, switching around until a winner is located and that one winner makes the most returns. (And again many times it’s in your best interest to trim the winner as the valuation can run way past for what is feasible). Pay attention to what they do not what they preach… A counter argument I see very often to this is that $AAPL lost 80% of its market cap 5 times Or $TSLA dropped x this many times and came back. Valid but you are cherry picking the exception not the norm, these are mega winners which to find and hold is insanely difficult and very rare and making them as if this is the usual case is not probable. For every Apple or Tesla, there are thousands of businesses that never recovered nor will. Nothing is guaranteed no CAGR or return, investing is inherently a very dynamic game. Stubbornness and ego have no place here (been there done that) Everything changes, and we must adapt and improve constantly. So many bets will not work out. But some of them will massively Don’t be afraid to sell when you are wrong, when data changes, or when the opportunity cost is way too high. Follow the thesis, not your ego! Open to debate as always, no view of mine is meant to stay unchallenged, this is how we grow. Why I am putting effort to write these snippets without using ai (I make typos I know!) to promote discussion and critical thinking is beyond me should just pump shitcos and get 10x the views…. 😂

Which country comes to mind when you see that?

Offices turning into open spaces have been a disaster for mankind

New evidence based research @MicroCapClub "Microcaps are sprinters, not marathon runners" Most investors treat microcaps like long-term compounders. But the data suggests something different. Most gains arrive in short bursts. community.microcapclub.com/forums/topic/5…

I don’t wanna see the CEO of Five Guys eat a burger. I wanna see him try to pay for a meal with a $20.

You are getting return mogged by Andrew Tate but still consider yourself a good investor?

Some CFOs genuinely don’t understand buybacks or value creation. Generally best to avoid… One time on a call… mentioned LT underperformance… and CFO chirped back aggressively. I pointed out that the stock was down over a 20 year period. He said that’s just a “point in time analysis.” I asked him what starting point he’d like to use… He literally did not understand value creation. This is surprisingly common in the public markets. There is this general stigma that “hedge fund math” doesn’t work and that HF managers don’t know how to run a business. I disagree with that. Most public companies would massively benefit from having a savvy buyside investor that can help explain how investors value the company, would evaluate different capital allocation scenarios, etc.

@MattWallace888 use this

@BoringBiz_ Yes yes

This is by far my favorite finance and investing book of all time Master class on capital allocation and shareholder oriented management of companies Must read if you haven't done so already