Yet Another Value Blog
Yet Another Value Blog applies a modern value investor's eye to quirky special situations and investing.
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What they write about
Value investing and special situations, published alongside a long-running interview podcast. Recurring subjects include take-private offers and merger arbitrage, small and mid-cap companies in the US, Mexico and Europe, data-centre linked industrials, and how interest rates feed into equity valuations.
- value investing
- special situations
- merger arbitrage
- small caps
- podcast
- interest rates
Recent examples: Dark arts or infinite reload? $TTD’s CEO options and the repricing proxy · Before you fade Muse, use it for 72 hours
Written from Yet Another Value Blog’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Most-mentioned tickers
Symbols named in the headline of a post from the last 30 days, most-covered first. The number is how many of those posts mentioned it.
Read from 7 post headlines in the last 30 days. A newsletter that names a company only in the body of a post will not appear here, and a mention is not a recommendation — it only means the symbol came up.
Growth history
Subscribers (thousands, nightly)
27K on Sep 10, 2026 → 27K on Sep 30, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #102 today · #102 a week ago
Stats worth sharing
Tracked since Sep 10, 2026 — 21 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 20%
- Best rank seen
- #97
- Followers added
- +247
- Posts
- 15
- Reactions per post
- 41
- Reactions tracked
- 911
- Tickers covered
- 8
of 525 ranked finance newsletters
on Sep 25, 2026
since tracking began
last 30 days
average, recent posts
across 22 posts
in tracked posts
Most-reacted post we have seen: Before you fade Muse, use it for 72 hours — 64 reactions on Sep 28, 2026.
Recent posts
- Dark arts or infinite reload? $TTD’s CEO options and the repricing proxy
- Before you fade Muse, use it for 72 hours
- September 2026 Random Ramblings
- Musings on Muse: the inertia sell-off looks too broad
I’ve obviously been really excited and curious about the rise of consumer AI agents. I’ve mentioned them in two articles in just the past week , and I’ve spent a lot of time over the past few days interacting with Muse and pushing it to see what it can and can’t do. As of a few days ago, my general (markets related) takeaway is that Muse is pretty damn bearish for just about anything that relies on consumer inertia (OTAs, subscription services, banks, etc.), and it seems like the stock market is starting to agree with my take / catch up to that trade . I’m wondering if that sell-off presents…
- Emeth Value Capital’s Andrew Carreon on Shift4 ($FOUR)
Shift4 trades around six and a half times EBITDA while the company tells you organic growth is 11%. The stock was $120 eighteen months ago and it is $42 today. Andrew Carreon of Emeth Value Capital argues you are paying for zero growth or less, and he points at the piece almost nobody is tracking: the gross equipment under lease line buried in the footnotes, which has gone from a nominal $40 million before 2021 to a $400 million run rate today as Shift4 Dine gets deployed. More than 80% of those installs are net new merchants, not migrations off the legacy POS systems Shift4 already owns. I…
- If Muse is buying your running shoes, what happens to Nike?
My post last week on “The rise (and downsides) of AI agents in investing” generated a lot of feedback and interesting discussions…. but, humorously, the feedback and discussions largely weren’t on what I thought they would be! One particular line seemed to grab a lot of people’s attention. It was: You have to wonder if every consumer subscription business is about to see a spike in churn as consumers get comfortable having an AI agent monitor their usage and cancel subscriptions the moment they don’t need them, and it’s easy to see OTAs (like Booking and Expedia) quickly finding themselves…
- $NTDOY: is Nintendo's flywheel actually there? | Accrued Interest
Nintendo's flywheel is not there. That is Simeon McMillan's call, and it is the one that has media longs emailing me. His case: Switch 2 is the best console launch in history and the attach rate still came in well below Switch 1, the Mario Kart bundle flattered even that number, Nintendo Switch Online accounts have been flat for years and almost nobody has noticed, and Nintendo just took its first mid-cycle price increase because memory costs are not coming down. He is not calling for a crash. He is saying you cannot put this one away for two years. I push back hard. Ocarina of Time is going…
- The rise (and downsides) of AI agents in investing
My timeline (and increasingly personal life) has been abuzz with consumer agents over the past few weeks. First, it was Instinct (which rose from a $500m Series A to a $2.5B round in late August to reported talks at $10B in about a month ), and then a few days later it was Meta’s Muse . You can find endless stories of consumers using the agents to save money (and those use cases really are nearly unlimited ), solve a travel emergency , or jump through a lot of hoops that would normally make you want to tear your hair out . Yet Another Value Blog is a reader-supported publication. To receive…
- Ian Cassel on Stock Picker, the book that blew me away | MicroCapClub
Ian Cassel has been picking microcaps for twenty years, and his argument in his new book, Stock Picker, is that the edge everyone assumes has been arbitraged away is actually coming back. Not the spreadsheet edge. The one that comes from getting on a plane, spending a full day with a CEO instead of an hour, and learning to sense when something is wrong before the numbers say so. His line is that with AI write-ups everywhere, the only place left to get an edge is the conversations that are not recorded, transcribed or scraped, and that puts the game back where it was 30 years ago. The other…
- UK stocks are dirt cheap. Why won't the boards act? $ZIG $CRW | Undervalued-Shares
A quarter of the companies on the London Stock Exchange's main board have disappeared in four years. Private equity keeps paying 50 and 60 percent premiums and still walking away with a bargain, because the starting valuations are broken. Swen Lorenz of Undervalued-Shares has spent the last few months writing open letters to UK boards telling them to stop waiting to be rescued and start pulling the levers they already have . I have been calling the UK an emerging market on this podcast for three years, and my problem with the trade is right there in the setup: if the only way you make money…
- Zack Buckley on $PRTH's take private
In November 2025, Priority Technology's (PRTH, disclosure: long) chairman and CEO offered to take the company private at $6.00 to $6.15 a share, two days after a bad print knocked the stock from seven to five. Zack Buckley wrote a public letter opposing it. His sum of the parts gets to roughly $17 a share, a simpler multiple analysis gets to $19, and the June sale of a comparable payments business at 8.3x EBITDA implies $12 against a stock trading around $5.50. Ten months later the special committee still has not said a word. Zack walks through why the consolidated company is misread: over…
- September 2026 premium update
Before we get to the updates- first, thank you so much for subscribing to the premium site! Second, please remember you can always reach out to me if you have questions or want to swap thoughts on any…
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