The Valuation Desk

Detailed deep dives on compelling businesses, overlooked opportunities, and companies trading below intrinsic value. Not financial advice.

[The Valuation Desk @ValuationDesk]

$MMY.V $MMY.NE
We held our thesis up against the numbers. Record net profit of $22.65M (over $53M YTD, already topping all of FY2025). Cash crossed $100M. Production ahead of our base case, realized gold at a record $5,166/oz, and zero debt.
Read 👇
https://t.co/MmRqJc1bc4

[The Valuation Desk @ValuationDesk]

Zoomd Technologies $ZOMD.V. Why we exited our position.
Read 👇
https://t.co/lwBivtTOJV

[The Valuation Desk @ValuationDesk]

Element Fleet Management (TSX: EFN) Q1 2026 review.
The print looked like a clean beat. The conference call walked it back.
$EFN.TO
Read 👇
https://t.co/0QNaNmkgMz

[The Valuation Desk @ValuationDesk]

Mainstreet Equity Corp (TSX: $MEQ.TO ) – Q2 2026 review
NOI +9%, margins +210 bps, FFO/share +6%, buybacks accelerated. Net income near zero (and why that doesn't matter).
Read 👇
https://t.co/4AwR2e5Pwo

[The Valuation Desk @ValuationDesk]

@MWG_Jamie Thanks for sharing

[Jamie Murray @MWG_Jamie]

Good write-up on $PRL.TO. We started a 2% position in our MWG Income Growth Fund following the GoEasy fiasco (owned in a Canadian/TSX tracking portfolio prior to fund purchase). Looking for 2H 2026 EPS acceleration.

https://t.co/5WXnv5V3Xj

[The Valuation Desk @ValuationDesk]

Propel Holdings Q1 2026 earnings review is live.
Provisions normalized. Originations +30%. Credit back on track. Management tracking towards high-end of guidance. $PRL.TO $PRL $PRLPF

Read 👇(no paywall)
https://t.co/6xdVHUOT3O

[The Valuation Desk @ValuationDesk]

Zoomd Technologies $ZOMD.V Q4 earnings review. Is the thesis broken?

Read 👇(no paywall)
https://t.co/9cGcnHXU9d

[The Valuation Desk @ValuationDesk]

Many of the names we've covered report in the next few weeks. Expect a financial review and thesis check on each — we'll do our best to publish the same day as the print.
$PRL.TO $EFN.TO $SN $ZOMD.V $MEQ.TO $MMY.V

[The Valuation Desk @ValuationDesk]

🧵On Jan 8 we alerted paid subscribers to a levered Special Situation play. The stock is up 50%+ in 3 months. A $500 position would have already paid for ~2 years of a subscription to The Valuation Desk.
We think the re-rating is only just beginning.
https://t.co/vG2eLZGxdF

[The Valuation Desk @ValuationDesk]

$MMY $MMY.V Monument Mining Limited Part 2 is live. The numbers behind the thesis. At current gold prices, the mine generates its entire EV in pre-tax cash flow in just over a year. Zero debt. US$83M cash.
Read 👇
https://t.co/ET6dQZUqSZ

[The Valuation Desk @ValuationDesk]

@Fairlight_Cap Thanks for sharing! Part 2 is live for those interested

https://t.co/FjucPiACVv

[The Valuation Desk @ValuationDesk]

$MMY $MMY.V Monument Mining Limited Part 2 is live. The numbers behind the thesis. At current gold prices, the mine generates its entire EV in pre-tax cash flow in just over a year. Zero debt. US$83M cash.
Read 👇
https://t.co/ET6dQZUqSZ

[The Valuation Desk @ValuationDesk]

Part 2 for those interested

https://t.co/FjucPiACVv

[The Valuation Desk @ValuationDesk]

$MMY $MMY.V Monument Mining Limited Part 2 is live. The numbers behind the thesis. At current gold prices, the mine generates its entire EV in pre-tax cash flow in just over a year. Zero debt. US$83M cash.
Read 👇
https://t.co/ET6dQZUqSZ

[The Valuation Desk @ValuationDesk]

$MMY $MMY.V
In this deep dive, we venture into the world of precious metals mining and find a gold producer that the market has mispriced for years. Zero debt. US$82M in cash. A 3.7x P/E. Part 1 is live.
Read👇(no paywall)
https://t.co/UEFDqPTBDQ

[The Valuation Desk @ValuationDesk]

$MMY $MMY.V Monument Mining Limited Part 2 is live. The numbers behind the thesis. At current gold prices, the mine generates its entire EV in pre-tax cash flow in just over a year. Zero debt. US$83M cash.
Read 👇
https://t.co/ET6dQZUqSZ

[The Valuation Desk @ValuationDesk]

https://t.co/cuk0FrwaW7

[The Valuation Desk @ValuationDesk]

$EFN $EFN.TO $ELEEF
Element Fleet ($EFN) just delivered a clean Q4. Reported net loss scared some people. Adjusted EPS +22%. The CEO has bought $2.6M of her own stock since December. We wrote it all up. (read)👇

[PYMNTS @pymnts]

Inside how Propel Holdings thinks it can bring more Americans into the credit market.

On March 16, Karen Webster & Propel CEO Clive Kinross discuss why Propel sees near-prime consumers as a major opportunity and how it plans to serve them differently.

Find out what sustainable growth really looks like in today’s lending market.

📆 Register now: https://t.co/9VIenSgGSv

[The Valuation Desk @ValuationDesk]

The market is serving up more compelling setups than we’ve seen in years. For those doing the work, it’s an exciting time to be stock picking.

[Vancouver Island Guy 🌊 @VanIsleInvestor]

$PRL Propel Holdings

Buy of 5,000 shares for approx. $94,500