Group 1 - The article discusses the author's extensive experience in the investment banking sector, highlighting a focus on equity analysis and sector research [1] - The author emphasizes the importance of understanding the narratives behind financial statements, indicating a deep analytical approach to investment [1] - The investment project mentioned is centered on the CIS region, aiming to apply Western analytical tools to identify hidden value in emerging markets [1] Group 2 - The author has a strong educational background, including a bachelor's degree from Antwerp, a master's from KU Leuven, and an MBA from Vlerick, which contributes to their analytical skills [1] - The article reflects a commitment to fundamentals-driven research, suggesting a thorough examination of companies beyond surface-level metrics [1]

Core Viewpoint - The shares of Expand (NASDAQ: EXE) are considered undervalued by the market amidst a cyclical decline in gas prices, while the company's fundamental position is overlooked [1]. Company Analysis - Expand's shares are currently trading at $109, indicating a potential investment opportunity based on their fundamental value [1].