To The Moon

1.12% Dividend yield, committed to repurchasing at least 7.5% of outstanding shares in 2025.Despite some economic uncertainty, Boyd estimates 2025 will be overall flat outside of the online segment, where it still expects 8.6% bottom line growth.Boyd has a $317.5 million cash position and currently generates $556.7 million in annual free cash.$200-250 million in annual maintenance capex required, with $200 million additional slated for renovation and $100 million for breaking ground on a new Casino in Virginia.Fast growing online segment, with online revenue growing 43.6% on top of a 5% equity stake in FanDuel.Investment Thesis $Boyd Gaming(BYD)$ is a US gambling company that operates casino-resorts across the US. It owns 28 properties and operates

8.2% Dividend YieldDespite current headwinds in North American sales WHR’s high domestic manufacturing footprint (80% of US sales) provides insulation against potential tariff impacts.With a debt reduction target from 4.4x to 3.4x by end of 2025 and projected $550 million in free cash flow, WHR appears financially positioned to weather current housing market weakness.The stock has declined 27.0% over the trailing twelve months, potentially creating an attractive entry point as worst-case scenarios appear priced in.Investment Thesis $Whirlpool(WHR)$ is a US-based manufacturer of home appliances. Globally, WHR owns and operates 25 manufacturing facilities, with 11 in the United States. It owns 13 brands across small and large appliances, including Ki

$Dow Jones(.DJI)$ $S&P 500(.SPX)$ $NASDAQ 100(NDX)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Gold - main 2506(GCmain)$ $Silver - main 2505(SImain)$ $WTI Crude Oil - main 2505(CLmain)$OverviewTrump’s shifting tariff pronouncements continued to introduce significant uncertainty, with inflation indicators ticking higher. This combination pushed market sentiment into extremely bearish territory, with consumer confidence registering its lowest reading in 12 years.However, this pessim

Melco’s strategic shift to an asset-light model promises improved capital efficiency while maintaining its strong 15.6% Macau market share.Ongoing property renovations across the portfolio to organically attract high-value customers after junket market contraction.2025 Projected capex increase of 70.5% to $415 million, backed by a $1.1 billion cash position.Targeted expansion into emerging markets like Sri Lanka and potentially Thailand creates long-term growth avenues beyond the core Macau operations.Despite 6.1x net debt to EBITDA ratio, management’s focus on deleveraging and potential Manila asset sale should strengthen the balance sheet.Investment Thesis$Melco Crown Entertainment(MLCO)$ is an integrated casino-resort operator primarily focused

Trading at just 5.6x PE following a 38.7% YTD decline.PVH’s strategic consolidation of its Tommy Hilfiger and Calvin Klein brands aims to restore pricing power and improve brand control, driving longer-term earnings power.Despite operational challenges, PVH maintains robust free cash flow of $715.3 million over the trailing twelve months, and a healthy balance sheet of 2.6x debt to EBITDA.While China represents 6% of revenue and 16% of EBT, PVH’s addition to China’s “unreliable entity list” appears to be priced in.PVH’s strategic initiatives including organic e-commerce growth and manufacturing consolidation position the company for potential margin improvement toward its long-term 15% operating margin target.Investment Thesis $PVH Corp(PVH)$ is a

1.25% YieldOwns 167,000 acres of land in the Panhandle of Florida, which we believe can be monetized at a current present value of at least $100 per share.The major Bay-Walton Sector Plan covering 110,500 acres slated for development through 2064, including 170k residential units and 22 million sqft of commercial space.Special zoning status reduces regulatory hurdles for planned residential and commercial development.Record-setting year for hospitality segment offset the slowdown in the region’s housing market after a boom in 2021-22.The Bay-Walton County area has an annual population growth rate of 3.2%, providing a secular demographic tailwind.Investment Thesis $St. Joe(JOE)$ is a property developer located in North Florida, owning 167,000 acres.

3.0% Yield.HIMX’s automotive display-driver sales increase just under 20% year over year, now representing around 50% of global market share.Invested in partner FOCI, seeking to accelerate development of CPO (co-packaged optics) to improve efficiency in data transmission within datacenters.Continued partnership with “leading AR (augmented reality) partner” in creating new consumer AR wearables device.Computer vision partnership with $NVIDIA(NVDA)$ , allowing HIMX’s technology to be plug-and-play with NVDA software.Investment Thesis $Himax(HIMX)$ is a semi-fabless semiconductor design and manufacturing firm specializing in optical and driver components for displays and sensors. HIMX holds a significant mar

A popular theory among traders is that US stocks rise higher in January than in other months. Appropriately deemed the January Effect, the effect is typically explained by traders entering position after tax-loss selling has completed, but over the last decade the effect has lost much of its visibility. Similarly, if stocks rise in January, the year will end positively in 85% of cases.US stocks had a volatile start to January, with the Fed raising long-term inflation targets, Trump following through on tariffs, and disruptions in the tech industry. The S&P was buoyed by consumer spending coming in above expectations with inflation coming in at expectations.Oil prices peaked in the middle of the month at $78.71 following stronger industrial demand signals from China and the US but quick

6.9% Yield.Despite a high cash payout ratio of 106.3%, LYB intends to increase its dividend in 2025, backed by a $3.4 billion cash position.LYB reported growing industrial demand in North America, with high utilization rates and cost advantages from low natural gas prices.LYB is reviewing six underperforming assets in Europe, potentially leading to divestitures, closures, or efficiency investments.LYB is shutting down its Texas refinery, incurring $345 million in closing costs but freeing up $240 million in working capital.LYB’s net debt/EBITDA ratio of 2.1x is below the industry median of 2.4x.Investment Thesis $LyondellBasell Industries NV(LYB)$ is an international manufacturer of chemicals, with more than 20% global market share in ethylene prod

First to market 100% silicon anode lithium-ion battery, with 30% better energy density and faster charging than graphite anode batteries.Fab2 Production ramp in Malaysia, expecting first customer samples by mid-2025 and full serialized production by the end of September 2025.OEM agreements secured with 2 of the top 8 global smartphone manufacturers, a major IoT company, and 2 wearables customers.Automotive potential with a non-binding agreement to co-develop larger-scale battery cells for EV (Electric Vehicle) applications.Raised $100M in 2024, has enough funding to operate until at least September 2025.Investment Thesis $Enovix Corporation(ENVX)$ is a Silicon Valley based battery design and manufacturing firm, specializing in the first 100% silic