McCoy Global: Fundamental Strength Should Become More Apparent In 2026

Core Insights - McCoy Global's stock has experienced poor performance recently, primarily due to weak margins in Q2 and a significant revenue drop in Q3 [1] - Narweena, an asset manager led by Richard Durant, focuses on identifying market dislocations caused by misunderstandings of long-term business prospects [1] - Narweena aims to achieve excess risk-adjusted returns by targeting businesses with secular growth opportunities in markets with entry barriers [1] Company Analysis - McCoy Global's fundamentals have been negatively impacted by weak margins and declining revenues [1] - The company operates in an environment where many industries may face stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] Industry Trends - The investment landscape is shifting towards asset-light businesses, with a decreasing need for infrastructure investments over time [1] - An aging population with low growth and stagnating productivity is expected to create new investment opportunities distinct from historical trends [1] - A large pool of capital is pursuing a limited set of investment opportunities, leading to rising asset prices and compressed risk premia [1]