Core Insights - Robotti Value Investors emphasizes the importance of recognizing opportunities in cyclical sectors where market fundamentals are not yet acknowledged, particularly in 2025 [1] Group 1: Market Developments - The firm notes that 2025 is validating Dornbusch's theorem, with significant market developments such as rising gold prices and a broader geographic leadership in markets [1] - Emerging opportunities are identified in housing, offshore industries, and data storage, which are characterized by misunderstood fundamentals and narratives that lag behind actual market conditions [1] Group 2: Company Focus - Tidewater Inc. - Tidewater Inc. (NYSE:TDW) is highlighted as a key investment, providing offshore support vessels and marine support services to the offshore energy sector [2] - The stock of Tidewater Inc. has shown a one-month return of 21.72% and a 52-week gain of 28.57%, closing at $69.93 per share with a market capitalization of $3.47 billion as of February 13, 2026 [2] - The rapid repricing of Tidewater Inc. reflects a significant shift from deeply discounted levels to a valuation that incorporates expected earnings growth, driven by years of underinvestment and consolidation in the offshore energy sector [3]