by cjr_qavamerica | Jan 30, 2026 | America, Investing Podcast, Podcast Episodes, QAVUS, US Episode
In this episode of QAV America, Cameron and Tony navigate the extremes of global weather and market volatility. After discussing the impact of recent geopolitical “deals” on their US portfolios, they dive into a success story from the Bakken formation: **Chord Energy (CHRD)**. The conversation explores the “Shale 2.0” era, detailing how modern horizontal drilling and leaner capital structures have transformed former bankruptcy stories into cash-generating powerhouses. Tony provides a technical breakdown of Chord’s recent $11 billion acquisition of Enerplus and their shareholder-friendly policy of returning free cash flow through buybacks and dividends.
by cjr_qavamerica | Jan 23, 2026 | America, Investing Podcast, Podcast Episodes, QAVUS, US Episode
In this episode of QAV America, Cameron and Tony navigate the complex intersections of the 2026 US economy, where the AI boom is currently offsetting the drag of ongoing tariffs. The duo explores the shifting AI landscape, notably Apple’s decision to build the next Siri on Google Gemini rather than homegrown technology, leaving significant questions about the future of OpenAI. The heart of the show is a “Pulled Pork” deep dive into **AMTD Idea Group (AMTD)**, a company with a fascinating Australian origin story involving the Commonwealth Bank. Despite trading at an unbelievable discount to book value (P/B 0.04), AMTD remains a polarizing prospect due to its controversial leadership under Calvin Choi, a bizarre “Spider Net” ecosystem, and a recent shift from Big Four auditors to a small regional firm in Singapore.
by cjr_qavamerica | Jan 16, 2026 | America, Investing Podcast, Podcast Episodes, QAVUS, US Episode
In this episode, Cameron and Tony range from bushfires in Australia to political pressure on the US Federal Reserve, before digging into portfolio performance and a detailed QAV-style teardown of Mexican ultra-low-cost airline Volaris (VLRS). They unpack why airlines keep showing up on the QAV America buy list, how VLRS built a Ryanair-style model aimed at converting long-haul bus travellers into flyers, and why the Pratt & Whitney GTF engine recall temporarily derailed the business. The discussion balances strong operating cash flow and a seasoned low-cost airline playbook against razor-thin margins, fuel price sensitivity, and the ever-present risks of airline investing.
by cjr_qavamerica | Jan 9, 2026 | America, Investing Podcast, Podcast Episodes, QAVUS, US Episode
In the first QAV America episode of 2026, Cameron and Tony reset the framework for the year ahead. With geopolitical shocks rattling oil markets, bullish Wall Street forecasts predicting another US equity rally, and political noise everywhere, the hosts reiterate the core QAV philosophy: ignore predictions, stick to the rules, and let disciplined process do the work. The episode’s deep dive focuses on XPLR Infrastructure (XIFR), a former income darling left for dead after cutting its dividend. Cameron unpacks the wreckage, tracing XIFR’s origins as a NextEra Energy yieldco, the collapse of its “cheap capital forever” model when interest rates rose, and why the market may now be pricing the stock as if its long-dated contracted cash flows don’t exist. The discussion weighs political risk, debt complexity, asset quality, and valuation extremes, before explaining why XIFR sits at the top of the current US QAV buy list and is being added to the live QAV Light portfolio.
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Timestamps & Topics (QAV episode)
00:00 – 03:00
Geopolitics, crude oil volatility, and why QAV tracks commodities as signals rather than predictions.
03:00 – 06:30
Wall Street forecasts for a 2026 rally. Why QAV ignores predictions and doubles down on rules-based discipline.
06:30 – 09:00
“Year of sticking to the rules.” Behavioural discipline as the real edge in investing.
09:00 – 11:00
Introducing the deep dive stock: XPLR Infrastructure (XIFR) and why it tops the US buy list.
11:00 – 16:30
XIFR’s origin story as a NextEra Energy yieldco. The “infinite money glitch” and how cheap capital powered growth.
16:30 – 21:30
What broke: rising interest rates, dividend suspension, investor revolt, and the stock price collapse.
21:30 – 26:30
Business model breakdown. Long-dated power purchase agreements, wind and solar assets, and why the cash flows didn’t disappear.
26:30 – 30:30
Trump, renewables, and political risk. Why sentiment may be a headwind but revenues are largely locked in.
30:30 – 34:30
Balance sheet repair. Asset sales, debt reduction, and why no dividend can be good news for value investors.
34:30 – 39:30
Key valuation metrics: price to operating cash flow, book value discount, dilution history, and QAV checklist scores.
39:30 – 42:30
Red flags and risks: complex financing, management execution, and why the stock still qualifies under QAV rules.
42:30 – 45:00
Portfolio update, recent performance versus the S&P 500, and adding XIFR to the QAV Light portfolio.
by cjr_qavamerica | Jan 1, 2026 | America, Investing Podcast, Podcast Episodes, QAVUS, US Episode
In the final QAV America episode of 2025, Cameron and Tony reflect on a turbulent but revealing year for markets, value investing, and the QAV system. The conversation opens with a recap of US market conditions and the launch of QAV Light US, designed to give American listeners a live, transparent way to learn the QAV process through real weekly trades. Cameron then reviews the long-term performance of the US dummy portfolio, highlighting strong multi-year outperformance despite a difficult 2025 relative to the S&P 500.
The episode’s deep dive focuses on AMC Networks (AMCX)—a former prestige-TV powerhouse now trading at distressed valuations. The discussion traces AMC’s origins in the Dolan family’s cable empire, its golden era producing Mad Men, Breaking Bad, and The Walking Dead, and the brutal impact of cord-cutting on its business model. Cameron and Tony unpack why AMC is bleeding on earnings but still generating real cash, why the market hates it, and why it nonetheless tops the QAV buy list.
The episode closes with a broader discussion of cycles in investing, the importance of selling discipline, Tony’s emerging “Growth over PE” insight from Australian markets, and why patience with a rules-based system matters more than short-term performance.
by cjr_qavamerica | Dec 21, 2025 | America, Investing Podcast, Podcast Episodes, QAVUS, US Episode
In this episode of QAV America, Cameron and Tony open with reflections on the tragic Bondi attack and Australia’s long-standing gun laws before turning to the week’s U.S. stock market action. They discuss recent market jitters, AI-driven volatility in tech stocks, and the ongoing rotation into “value” names. Cameron then delivers a deep dive on Ziff Davis (ZD) — a little-known but highly profitable owner of the internet’s comparison-shopping and review infrastructure. The conversation explores ZD’s long history, its reinvention after the dot-com crash, its heavy reliance on SEO and affiliate monetisation, and the existential question hanging over the business: will AI replace human-driven product reviews? Rather than forecasting the future, the episode frames ZD through the QAV lens — cash flow, valuation, optionality, and downside protection — and examines why a business that looks structurally threatened may still offer attractive value today.
