TUSK – The Cobra’s Bite – QAV AMERICA 39
In this high-stakes episode, Cameron and Tony celebrate a “bonkers” run for the QAV America portfolio, which is currently outperforming the S&P 500 by nearly double. After reviewing news on Seneca Foods (SENEA) and the curious 15% share price drop for Regional Management (RM) following record earnings, the duo dives into the murky waters of Mammoth Energy Services (TUSK). What begins as a look at an energy services “roll-up” quickly transforms into a true-crime corporate thriller involving a $1.8 billion contract, a FEMA bribery scandal, and a forfeited 40-foot luxury catamaran. They analyze whether TUSK is a “mammoth in the making” or a “wild pig,” weighing its current status as a cash-heavy “stub” with zero debt against its history of “dirty stories” and its new pivot into aviation rentals and fiber optics.
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Episode Timestamps
[00:00:00] Intro: Market “conniptions” and the US sneezing on Australia.
[00:00:50] Portfolio Performance: The dummy portfolio hits 103% since inception (Highlights: WLFC, BLX, ESCA, GASS).
[00:05:40] Stock News: SENEA (Seneca Foods) Q3 results show improving margins.
[00:06:20] Stock News: RM (Regional Management) beats expectations but the share price craters.
[00:07:50] Deep Dive: TUSK (Mammoth Energy Services)
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