To The Moon

3.3% Dividend Yield recently announced 4% dividend increase.Expects robust housing recovery in 2026, betting on a similar timeline for commercial real estate.#1 market share in the US for title insurance, in both agency and direct sales.F&G has secular tailwind in life and annuity from aging population.Despite downturn in housing market, FNF grew revenues by 8% over the first 9 months of 2024.Investment Thesis $Fidelity National(FNF)$ is a provider of title insurance and settlement services to the mortgage industry, and a provider of annuity and life insurance through F&G which owns approximately 85% of.We believe we are at the cyclical bottom of the housing market, and at a long-term bottom for commercial real estate. As rates come down an

5.3% Dividend Yield with 5% dividend growth.Strong long-term production profile, expecting a 4% CAGR output increase to 2030 with breakeven below $30/boe (barrel of oil equivalent).Long-term focus on LNGs (Liquified Natural Gas), expecting to grow export capacity by more than 50% by 2030, with 6 Mt/y (million tons per year) in long-term supply contracts signed with Asian importers.Trades at an attractive valuation at just 7.8x earnings.Committed to $2 billion in buybacks each quarter of 2025.Investment Thesis $Total SA(TTE)$ is a French energy company specializing in petroleum extracting and refining. TTE is the third largest non-OPEC producer in the world, producing 1.6 mmbbl/d of liquids (million barrels per day) and more than 5 bcf/d (billion cu

Committed to repurchasing 2.3% of shares within the next quarter, on top of a modest 1.0% dividend.Strong presence in the SMB (Small-medium business) space, consolidating its 16 brands into one coherent entity.#1 commercial card processor in the US, processing more than 35 billion transactions annually across 830 million accounts.70% attachment rate for new offerings to existing customers.Investment Thesis $Global Payments(GPN)$ is one of the largest payment processors in the world, primarily working on the acquirer side. GPN processes more than 75 billion transactions a year with 5 million merchant customers in more than 38 countries.  Compared to its other ‘legacy’ peers, GPN has targeted middle-market enterprise as its growth avenue. I

$.DJI(.DJI)$ $.SPX(.SPX)$ $.IXIC(.IXIC)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Gold - main 2412(GCmain)$ $WTI Crude Oil - main 2412(CLmain)$ OverviewReal GDP growth came in at 2.8% year over year, with inflation moderating to 2.4% year over year, though food and shelter were still elevated.Real disposable income rose once again for the quarter ending September 2024, the 27th straight monthly rise and the longest streak since record keeping began in 1959. However, the savings rate remains at near record-lows at just 5% compa

TDK is leader in small solid state batteries and announced supply agreement with AppleGrowth areas in wearables, phones, IoT (Internet of Things) and EVs (Electric Vehicles)Dominant market share in several areas, including in smartphone battery components, holding the #1 market share of 50-60%.Strong manufacturing and materials science expertise, first to bring silicon anode batteries to market in 2023.Targeting late-stage development products for M&A.Aggressive capital efficiency plan, potentially divesting business units that do not meet the 10% ROIC watermark.$1 USD = 150 JPYInvestment Thesis $TDK Corp.(TTDKY)$ is a Japanese industrial components supplier, manufacturing 120,000 different products across 80 business units and 4 segments. We

1.8% dividend yield.Secular tailwind from municipal underspending and defense rearmament.Revenue forecasted to grow 10.8% in 2024, driven by increased demand in the vocational segment.Expanding access business into Europe, trying to get ahead of tariffs.Investment Thesis $Oshkosh(OSK)$ is an American manufacturer of heavy equipment, primarily targeting municipal and military customers. Despite the loss of the JLTV contract (Joint Light Tactical Vehicle), OSK has a strong backlog originating from a major win from the USPS (US Postal Service), renewed municipal spending, and expansion into Europe.Oshkosh has a 1.8% dividend yield and a growing free cash profile which we expect to accelerate as startup costs from major contracts roll off going into la

Largest producer of Cannabis in California, with approximately 1.5 million square feet of space for Cannabis and Hemp, producing over 500k lbs per year.Owns 5.5 million square feet of cultivation facilities, ready to hyper-sale once federal legalization or rescheduling occurs.Moving Cannabis across state lines could soon be legal with the DEA announcing its intention to potentially reschedule Cannabis from I to III, with an expected date in 2025.Some of the lowest production costs in the US, with ~$130/lb in cost expected for the full year 2024 with 50% gross margin.Improving competitive conditions in California as less efficient competitors withdraw form the market; both wholesale and retail markets are shrinking.Investment Thesis $Glass House Brand

2.0% Yield.Strong secular volume tailwind from aging population, with Medicare Advantage holders having a higher average revenue-per-test.AI (Artificial Intelligence) in pathology testing should drive high margin  growth.Tailwind from more bespoke testing, with genetic testing seeing a market-wide spending growth of 8% and 5% volume growth according to Avalon.Increasing leverage to 2.5-3.0x debt to EBITDA to enable more freedom in aggressive acquisitions.Strong M&A profile, purchasing Canadian provider LifeLabs for $1 billion, which will generate $710 million in additional annual revenues by 2025.Investment Thesis $Quest Diagnostics(DGX)$ is a provider of medical diagnostic services to markets across the world. Operations are focused on No

2.84% Yield.Industry-leading 90% of revenue comes from working timberland rather than leasing it for harvesting rights (stumpage)Largest timberland holdings in North America with more than 10.5 million acres.Long-term tailwinds from historic pent-up demand and lows in new housing.Timber assets generally appreciate with inflation and tree growth.Investment Thesis $Weyerhaeuser(WY)$ is the largest timberland REIT in North America. It owns 10.5 million acres in the US, and licenses 14 million acres in Canada for logging. Additionally, it operates 35 mills with the capacity of 6 billion board feet per year in finished lumber and 4.1 billion square feet of flat and engineered lumber.AssetAsset Value (Per Share)% of totalTimberland$39.3589.6%Other$0.681.5

5.0% Yield.Offering services to enhance margin including more small-business mix and specialized medical logistics services.Consolidating 200 sorting centers, with the new automated counterparts offering a reported 30% efficiency improvement.Expects to generate $5.8 billion in free cash in 2024, adding to its already massive $6.3 billion cash position.Industry-leading capital efficiency, with a return on invested capital median of 27% for the last 3 years.Investment Thesis $United Parcel Service Inc(UPS)$ is an American delivery company that processes more than 20 million packages per day across its fleet of 115,000 ground vehicles and 500 aircraft. UPS is repositioning to target more SMB (Small Medium Business) customers and more specialized logis