Core Insights - The article emphasizes a fundamental, valuation-driven investment approach focused on identifying businesses with potential for long-term growth and significant terminal value [1] Investment Philosophy - The investment strategy is centered around understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The goal is to translate these factors into long-term free cash flow generation and shareholder value creation [1] Sector Focus - The analysis highlights a preference for sectors that exhibit strong secular tailwinds, indicating a focus on industries likely to experience sustained growth [1] Professional Background - The individual has 10 years of self-educated investment experience and currently manages personal funds sourced from friends and family [1] - The motivation for sharing insights on Seeking Alpha is to provide valuable investment analysis and receive feedback from the investment community [1] Analytical Approach - The article advocates for analysis that is both analytical and accessible, aiming to assist readers in identifying high-quality, long-term investment opportunities [1]

Core Viewpoint - Telenor has agreed to sell its 24.95% stake in True Corporation for approximately NOK 39 billion, marking a significant divestment after 25 years in Thailand [1][6]. Group 1: Transaction Details - The sale price is set at THB 11.70 per share, which represents a 36% increase from the closing price on the first trading day post-merger in March 2023, and a 4% premium to the last three months' volume-weighted average share price [7]. - Telenor will also have a mutual put/call option for the remaining 5.35% stake two years after the initial sale, priced at the higher of THB 11.70 per share or the market price at that time [1]. Group 2: Financial Implications - The proceeds from the sale of the 24.95% stake are expected to be THB 100.9 billion (approximately NOK 32.3 billion), with an additional THB 21.9 billion (approximately NOK 6.9 billion) anticipated from the option exercise [11]. - Telenor expects to recognize an accounting gain of approximately NOK 14.7 billion at the closing of the initial sale, with NOK 1.6 billion related to recycling historical currency translation differences [13]. Group 3: Strategic Context - This divestment aligns with Telenor's strategy for structural simplification and focuses on enhancing shareholder value through capital discipline and effective capital allocation [9][12]. - The sale follows Telenor's recent divestment of Telenor Pakistan, indicating a broader strategy to create structural value in Asia [8]. Group 4: Company Growth and Market Position - Telenor has established market leadership in Thailand over the past 25 years, significantly contributing to mobile connectivity for millions [4][6]. - The merger of dtac and True in 2023 created Thailand's largest telecom-tech company, positioning it for future investments in 5G, AI, and digital services [5].

Core Insights - The investment approach focuses on identifying businesses with potential for long-term growth and significant terminal value generation [1] - Emphasis is placed on understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The goal is to generate long-term free cash flow and create shareholder value through fundamental research [1] Investment Strategy - The strategy targets sectors with strong secular tailwinds, indicating a preference for industries poised for growth [1] - The investor is self-educated and has been managing personal funds for 10 years, indicating a long-term commitment to investment [1] - The motivation for sharing insights is to provide value to readers and receive feedback from the investment community [1]

Group 1 - Medline Industries (MDLN) is rated as a buy due to its vertically integrated strategy, which provides scale advantages in manufacturing and logistics [1] - The company's private label offerings contribute positively to its market position [1] - The investment approach emphasizes understanding core business economics, including competitive moat, unit economics, reinvestment runway, and management quality, which are crucial for long-term free cash flow generation and shareholder value creation [1] Group 2 - The analyst has a decade of experience in investment banking and focuses on sectors with strong secular tailwinds [1] - The motivation for sharing insights on Seeking Alpha is to provide valuable investment analysis and receive feedback from other investors [1] - The analysis aims to help readers concentrate on factors that drive long-term equity value [1]

Core Insights - The investment approach focuses on identifying businesses with potential for long-term growth and significant terminal value generation [1] - Emphasis is placed on understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The goal is to generate long-term free cash flow and create shareholder value through fundamental research in sectors with strong secular growth trends [1] Investment Philosophy - The investor is self-educated and has been active in the investment field for 10 years, currently managing personal funds sourced from friends and family [1] - The motivation for sharing insights on platforms like Seeking Alpha is to provide valuable analysis and receive feedback from other investors [1] - The focus is on delivering analytical and accessible content that highlights the drivers of long-term equity value [1]

Core Insights - The investment approach focuses on identifying businesses with potential for long-term growth and significant terminal value generation [1] - Emphasis is placed on understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The goal is to generate long-term free cash flow and create shareholder value through fundamental research in sectors with strong secular growth trends [1] Investment Philosophy - The investor is self-educated and has been active in the investment field for 10 years, currently managing personal funds sourced from friends and family [1] - The motivation for sharing insights on platforms like Seeking Alpha is to provide valuable analysis and receive feedback from other investors [1] - The focus is on delivering analytical and accessible content that highlights the drivers of long-term equity value [1]

Company Overview - Mama's Creations, Inc. is a leading national marketer and manufacturer of fresh deli prepared foods, available in over 12,000 grocery, mass, club, and convenience stores across the United States [4] - The company offers a broad product portfolio that includes high-quality, fresh, clean, and easy-to-prepare foods, aiming to meet the evolving demands of consumers and retailers [4] Conference Participation - Management has been invited to present at the 28th Annual ICR Conference from January 12-14, 2026, in Orlando, FL [1] - Chairman & CEO Adam Michaels will host a Fireside Chat with research analyst Brian Holland from D.A. Davidson and will hold one-on-one meetings with institutional investors during the event [2] Growth and Performance - The company is experiencing a pivotal inflection point in its growth trajectory, highlighted by strong third-quarter performance with healthy double-digit organic growth and 14 consecutive quarters of market share growth [3] - The successful completion of the Crown I acquisition has enhanced the scalability of Mama's Creations as a platform company, with expanded capacity and improved operating leverage [3] - New tier-1 clients such as Target and Food Lion are contributing to the company's focus on executing against a generational opportunity supported by robust macro-tailwinds [3]

Core Insights - The investment approach focuses on identifying businesses with potential for long-term growth and significant terminal value through understanding core economics, competitive advantages, unit economics, reinvestment opportunities, and management quality [1]. Group 1: Investment Philosophy - The company emphasizes a fundamental, valuation-driven investment strategy that prioritizes long-term free cash flow generation and shareholder value creation [1]. - There is a strong focus on sectors that exhibit robust secular tailwinds, indicating a preference for industries poised for sustained growth [1]. Group 2: Professional Background - The analyst has a decade of self-education in investing and currently manages personal funds sourced from friends and family [1]. - The motivation for sharing insights on Seeking Alpha is to provide valuable investment analysis while also receiving feedback from the investment community [1].

Core Insights - The article emphasizes a fundamental, valuation-driven investment approach focused on identifying businesses with potential for long-term growth and significant terminal value [1] Investment Philosophy - The investment strategy is centered around understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The focus is on sectors that exhibit strong secular tailwinds, indicating a preference for industries poised for sustained growth [1] Professional Background - The investor has 10 years of self-education in the investment field and currently manages personal funds sourced from friends and family [1] - The motivation for sharing insights on Seeking Alpha is to provide valuable investment analysis and receive feedback from the investment community [1] Analytical Approach - The aim is to help readers concentrate on factors that drive long-term equity value, advocating for analysis that is both analytical and accessible [1]

Core Insights - The investment approach focuses on identifying businesses with potential for long-term growth and significant terminal value through understanding core economics, competitive advantages, unit economics, reinvestment opportunities, and management quality [1] Group 1: Investment Philosophy - The company emphasizes a fundamental, valuation-driven investment strategy that prioritizes long-term free cash flow generation and shareholder value creation [1] - There is a strong focus on sectors that exhibit robust secular tailwinds, indicating a preference for industries poised for sustained growth [1] Group 2: Professional Background - The analyst has 10 years of self-educated investment experience and currently manages personal funds sourced from friends and family [1] - The motivation for sharing insights on Seeking Alpha is to provide valuable investment analysis and receive feedback from the investment community [1]