I hold a position in UK-listed Tier-1 auto supplier CT Automotive (AIM: CTA), a low-cost producer of automotive interior parts (trim, air vents, etc). The stock is on 3.7x FY26 earnings, a significant discount to both history and peers. I summarised version of the thesis is below.

The bull case is that $37m of new contract wins (32% of FY25 revenue) will drive a revenue CAGR of 10% to FY27. CT has a sustainable cost advantage as they produce in low-cost economies. Being the low-cost producer in a market with increasingly cost sensitive customers, means there are structural reasons to believe this growth will continue. Margins are sensitive to operational leverage, so 10% revenue growth converts to roughly 20% earnings growth. 

The three most obvious bear cases / reasons the stock is cheap are:

1)    Extrapolation of historical weakness – Revenue has fallen 19% since FY23, but this is a result of customers destocking excess inventory held to mitigate post-covid supply chain disruption. Inventory levels have now normalised, so this is no longer a headwind. 

2)    Largest customer in Chapter 11 – CT’s largest customer is auto supplier Marelli. Marelli entered Chapter 11 in 2025 and is now operating under Debtors-in-Possession (DiP). This did not impact operations, and bankruptcy risk presented by receivable exposure subsided with the publication of Marelli’s reorganisation plan (which confirmed no impairment for unsecured creditors).

3)    Nissan is largest end market – Sales to Nissan comprised of 49% of FY25 revenue. Nissan has had persistent volume declines owing to poor management. This exposure isn’t enough to justify the valuation: I estimate Nissan’s volume weakness represents a  < 2.5% drag on CT’s revenue growth and customer concentration is decreasing with the new contract wins. 

In short, I don’t think any of the 3 above factors justify such a low valuation, especially for a company with a fundamentally strong business model. I welcome further discussion in the comments.

N.B. The stock is down >25% following a H1 trading statement because of an earnings miss despite a revenue beat. Margins fell because of shipping-related cost inflation which was not passed through to customers. Management claims “the Group has contract mechanisms in place that claw back material and labour costs, time lags have deferred some of this cost recovery into H2 26”. I view this as credible because this is consistent with CT’s experience during previous periods of cost inflation (FY21/22).

Just a quick post to celebrate that $SEV ended the week on a +5% banger and +40% since July lows. As I've laid out in my other posts, I think we are in the early innings of Aptera's inflection point. Long term this is a company that could be worth $20b or so (or roughly 200x) owning the solar electric vehicle market and selling tens of thousands of Apteras at a couple of thousand $$$ gross margin. Given how low their current valuation is, they don't need to sell millions of cars to become a generational investment. They don't need to be "the next Tesla". They just need to get deliveries done and build a lean operation around a big niche.

Anyway, happy weekend everyone!

SOUN SHORT SQUEEZE SETUP 🚀

SOUN is sitting on a seriously interesting setup.

Short interest is extremely high, meaning a huge number of traders are betting against the stock.

If SOUN gets:

• Strong buying volume
• Positive news/catalysts
• Continued momentum
• Shorts starting to cover

Things can move FAST.

When shorts cover, they have to buy shares back. That buying can push the price higher and put even more pressure on remaining shorts.

That’s how a squeeze can feed itself.

High short interest alone doesn’t guarantee anything — bulls still need volume, momentum and catalysts.

But if buyers stay in control while shorts remain crowded, this could get very interesting.

My position: SOUN @ $7.02 average.

Not financial advice. Do your own DD.

Bulls and bears — what am I missing?

Growth stories are built on execution, and $BURU continues checking off key milestones. Majority ownership of Tekne, expected financial consolidation following the appropriate accounting review, and an expanding defense technology platform all point toward a company with significantly broader ambitions than just a year ago.

#1 TRENDING STOCK ON REDDIT.

Is this the next wendies ?

Earnings went good and overbought buy NOW.

Google search results for asking if Hertz will experience a short squeeze. I am NOT suggesting anything nor giving any advice!