Core Insights - The latest Burford Quarterly highlights how legal finance is enabling businesses to manage rising costs and operational pressures by strategically managing and shifting risk [1][2] Group 1: Legal Finance and Business Strategy - Legal finance empowers companies to access capital, manage risk, and negotiate effectively using data-driven valuations, which is crucial as operational pressures intensify [3] - The edition discusses how retail companies can utilize affirmative recovery programs to convert overlooked legal claims into strategic financial assets, thereby strengthening margins in a volatile market [3] Group 2: Industry-Specific Insights - Insights from a Tokyo patent panel reveal that rising damages awards and the influence of the Unified Patent Court (UPC) are prompting businesses to leverage legal finance to realize value from IP assets [4] - The article on data-driven dispute valuations emphasizes the importance of objectivity in complex disputes, guiding settlement discussions to improve outcomes [4] - A roundtable on construction arbitration addresses the evolving disputes landscape, highlighting emerging sources of conflict and the role of digital tools in managing rising cost pressures [5]

SEE "IMPORTANT INFORMATION" BELOW. NEW YORK, Jan. 27, 2026 /PRNewswire/ -- About Burford Capital Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network ...

Core Viewpoint - Burford Capital plc has announced the early redemption of its £175,000,000 5.000% guaranteed bonds due 2026, with a repayment date set for January 30, 2026, indicating a strategic financial decision by the issuer [2][3]. Group 1: Bond Redemption Details - The issuer intends to redeem the full outstanding principal amount of the bonds on the specified repayment date [3]. - The redemption price will be the higher of 100% of the principal amount or a calculated amount based on the Gross Redemption Yield as determined by the Financial Adviser [4]. - The Financial Adviser appointed for this redemption is Allia C&C, and accrued but unpaid interest will also be paid on the repayment date [5]. Group 2: Company Overview - Burford Capital is a leading global finance and asset management firm focused on law, involved in litigation finance, risk management, and legal advisory activities [7]. - The company is publicly traded on both the New York Stock Exchange and the London Stock Exchange, indicating its significant presence in the financial markets [7].

Core Viewpoint - Burford Capital Limited (BUR) is currently viewed as a superior value opportunity compared to American Express (AXP) based on various financial metrics and Zacks Rank evaluations [1][7]. Valuation Metrics - BUR has a forward P/E ratio of 6.18, significantly lower than AXP's forward P/E of 20.41, indicating BUR may be undervalued [5]. - The PEG ratio for BUR is 0.16, while AXP's PEG ratio stands at 1.50, suggesting BUR has a better growth-to-price ratio [5]. - BUR's P/B ratio is 0.66, compared to AXP's P/B of 7.61, further indicating BUR's market value is more favorable relative to its book value [6]. Zacks Rank and Earnings Outlook - BUR holds a Zacks Rank of 2 (Buy), reflecting an improving earnings outlook, while AXP has a Zacks Rank of 3 (Hold) [3][7]. - The positive revisions in BUR's earnings estimates contribute to its favorable position in the Zacks Rank model [3]. Value Grades - BUR has been assigned a Value grade of A, while AXP has a Value grade of C, highlighting BUR's stronger valuation metrics [6].

Core Viewpoint - Burford Capital Limited (NYSE:BUR) is viewed as a stock that has the potential to double by 2026, despite a recent price target reduction by B. Riley analyst Timothy D'Agostino from $20 to $18, maintaining a Buy rating on the shares [1][3]. Financial Performance - In Q3 2025, Burford Capital reported a significant increase in definitive commitments, rising over 50%, and an overall portfolio growth of 15% year-to-date [2]. - The company experienced a 61% increase in deployments during Q3, indicating strong business activity [2]. - Burford recorded revenues of $69.80 million but faced a loss per share of $0.09 [3]. Strategic Goals - Burford Capital aims to double its business by 2030, which aligns with a targeted annualized growth rate of 20% [2]. - The company's investment strategy emphasizes diversification across various geographies, case types, durations, and risk profiles to mitigate potential losses [3]. Business Segments - Burford Capital operates in two main segments: Principal Finance and Asset Management & Other Services, providing legal finance products and services globally [4].

Core Thesis - Burford Capital Limited is viewed positively due to its potential high returns from the Argentina-YPF litigation, with shares trading at $9.32 and a trailing P/E of 23.93 and forward P/E of 9.68 [1][2] Company Overview - Burford Capital provides legal finance products and services globally, operating in two segments: Principal Finance and Asset Management and Other Services [2] - The company acquired distressed claims from Petersen Energía for approximately €15 million, aiming for a potential return of 37,000% [2] Litigation Details - The litigation arises from Argentina's 2012 expropriation of 51% of YPF shares from Repsol, which allegedly violated tender offer obligations [3] - Argentina argues that its sovereign expropriation law takes precedence over private contractual claims, leading to uncertainty regarding jurisdiction and liability [4] Legal Proceedings - The appellate panel has shown skepticism towards the plaintiffs' case, but historical precedents may support Burford's position, with potential damages ranging from $18 billion to a dismissal [5] - The decision on the case is anticipated within 6–12 months, with even a reduced award representing a significant return on Burford's initial investment [6] Market Sentiment - Burford shares currently reflect a market perception that the case is unlikely to succeed, presenting a potential investment opportunity if the court rules in favor of the plaintiffs [6] - The company's long-term growth prospects remain strong despite a 34.73% decline in stock price since previous bullish coverage [7][8]

Core Insights - Clear Channel Outdoor is transforming Hollywood Burbank Airport (BUR) into an immersive media environment that enhances brand storytelling and connects with travelers both in the airport and on the surrounding streets [1][2][4]. Group 1: Airport Advertising Experience - Clear Channel's Airports team will create a seamless 360° connection for brands, allowing them to reach both business and leisure travelers through a dual-channel opportunity [2]. - The Elevate BUR project will feature a modern terminal with enhanced passenger experiences, including shopping, dining, and upgraded facilities, making it a prime location for advertisers [3][4]. Group 2: Media Network and Technology - The new media network at BUR will be nearly 100% digital, featuring themed design elements that reflect Hollywood's glamour, integrated into the terminal architecture [6]. - High-resolution screens capable of 3D content and ultra-high-definition visuals will be strategically placed in key terminal zones to enhance advertising effectiveness [6]. Group 3: Consumer Engagement and Data Insights - A recent Nielsen Airport Study indicates that airport advertising effectively builds awareness and drives consumer action, particularly among business decision-makers and frequent travelers [5]. - As air travel is expected to surge through the 2025 holiday season and into 2026, brands can leverage Clear Channel's national airport network to reach affluent mobile audiences [6][8]. Group 4: Company Overview - Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics to create measurable advertising campaigns [9].

Core Insights - The fund experienced a return of approximately -9% during Q3, leading to a year-to-date return of approximately -9% [2] - The portfolio lacks direct exposure to AI, focusing instead on companies that are integrating AI into their operations, which has affected short-term performance [3][5] - The investment strategy emphasizes long-term growth potential and durable competitive advantages rather than short-term market trends [5][8] Portfolio Analysis - The top five holdings include PAR Technologies, Cellebrite, KKR, LifeCore, and Burford, all of which have faced declines in share price year-to-date [7][32] - LifeCore's share price dropped over 10% following a shelf offering announcement, despite positive business developments [12][15] - Cellebrite's valuation has been impacted by a general decline in software multiples, with a 26% drop in Enterprise Value to Next 12 Months Revenue for medium growth companies [17][18] Company-Specific Developments - LifeCore is expected to ramp up revenues significantly by 2026, driven by new customer wins and favorable regulatory changes [13][15] - Cellebrite is positioned to benefit from AI advancements, with plans to release investigative AI tools in January 2026 [20][22] - KKR's diversified asset management approach remains robust, with significant growth in Fee Related Earnings and a focus on expanding its investor base [25][31] Market Trends and Challenges - The current market environment has led to a compression of software multiples, affecting companies like Cellebrite and PAR Technologies [18][46] - Concerns regarding traditional private equity and private credit have emerged, but KKR's diversified model mitigates some of these risks [24][30] - The investment landscape is characterized by volatility, with a disconnect between share prices and underlying business progress [10][42] Future Outlook - The fund's strategy focuses on long-term value realization, with expectations that current market conditions will eventually improve for the companies held [9][43] - There is potential for significant growth in companies like Hagerty and Kingsway, driven by strategic partnerships and management quality [33][35] - The outlook for PAR Technologies hinges on winning key contracts, which could substantially increase recurring revenue and growth rates [51][60]

Core Insights - The article discusses the top 9 undervalued asset management stocks to buy, highlighting the resilience of wealth management and brokerage stocks amid economic uncertainties [1] - The asset management sector has seen a rebound, with global assets under management reaching a record high of $147 trillion by the end of June [2] - Private credit is emerging as a significant trend in asset management, with non-bank institutions reshaping capital investment [3][4] Industry Overview - The asset management sector is characterized by a robust US economy and accommodative monetary policies, which have supported its resilience despite uncertainties [1] - Global private credit markets are projected to grow rapidly, potentially reaching $3 trillion by 2028, driven by lower interest rates and economic strength in the US and Europe [4] Investment Opportunities - Analysts at Goldman Sachs suggest that the current challenges faced by alternative asset manager stocks present opportunities for investment in undervalued names [5] - A methodology was employed to identify undervalued asset management stocks, focusing on companies with a price-to-earnings ratio of less than 20 and an upside potential of over 20% [7] Company Highlights - HA Sustainable Infrastructure Capital (NYSE:HASI) shows a stock upside potential of 42.42% with a forward price-to-earnings ratio of 10.74, supported by strong third-quarter results and a significant investment pipeline [9][10][12] - Burford Capital (NYSE:BUR) has a stock upside potential of 121.94% despite disappointing third-quarter results, with a focus on growing its platform and securing new firm commitments [13][14][15][17]

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