Rightsized CapStack Capital

Master of EBITDA Adjusting ~ Industrials / A&D ~ SaaS / AI ~ LMEs / Rx ~ Unapologetically Catholic ✝️ ~ #GoBruins 🐻💙💛 ~ #BillsMafia ~ ≠ investment advice

[Rightsized CapStack Capital @CapstackCapital]

Officially sold all my $VRT. 730%+ gain realized in my ROTH IRA. Time to find the next man up! Ideas?

[Rightsized CapStack Capital @CapstackCapital]

@marginofdanger $WEBC is a very good name! Congrats on the return!

[Rightsized CapStack Capital @CapstackCapital]

@nimesh3t $AVEX LMFAOOOOOOOOOOOO

[Rightsized CapStack Capital @CapstackCapital]

@Matt__Simone Def gonna look into it.
I’ve look into it on n off since HS (10 yrs ago)

[Rightsized CapStack Capital @CapstackCapital]

What is everyone's thoughts on $BMI at 16x LTM EBITDA currently? Share Px -51% LTM (-28% YTD).

Seems like a great play on water, especially with accelerating water demand attributable to data centers. Performance appears at trough levels with a relatively flat FY26 and revenue growth re-accelerating to 8% in FY27.

Trough levels w/ favorable multiple + steady grower + income + end-market tailwinds

What am I missing? Anyone have thoughts? @Groundwork_HQ - I believe you have discussed it before.

Are companies like $XYL $VLTO just that much better?

[Rightsized CapStack Capital @CapstackCapital]

@deanm0riarty @dwlz But I’ll give ya my thoughts. I had to log off the call at the 1hr mark to take GF car to car wash so need to finish reading whatever happened afterwards.

[Rightsized CapStack Capital @CapstackCapital]

@deanm0riarty @dwlz If you wanted to get a position pre-market or at the bell, prolly not a bad idea. *not investment advice*

[Rightsized CapStack Capital @CapstackCapital]

@ContrarianCurse Lmao your choice of words. But you are certainly not wrong!

[Rightsized CapStack Capital @CapstackCapital]

@deanm0riarty @dwlz I’ll give my thoughts later or tomorrow. I’m listening to the call right now. But tbh I don’t think I have missed anything. Listening to the call I’m convinced its position in AI is getting even stronger.

[Rightsized CapStack Capital @CapstackCapital]

@kingtutcap @realDonaldTrump

[Rightsized CapStack Capital @CapstackCapital]

@FL_DAYTR8R True dat. Though I admire Bevis' preference to keep things close to the vest and not flaunt.

[Rightsized CapStack Capital @CapstackCapital]

I feel like having a X Spaces for $NNBR would be fun. Though not sure if there’s enough content or topics to warrant one. Anyone think otherwise?

[Rightsized CapStack Capital @CapstackCapital]

@FL_DAYTR8R Glad to hear! I am not positive they will disclose who that client is.

[Rightsized CapStack Capital @CapstackCapital]

@junkbondanalyst These dudes might be the most brain dead humans I’ve seen. They are only looking ST and not considering the longer term damage. Throws really any chance of mending a relationship with Elon out the window

[Rightsized CapStack Capital @CapstackCapital]

@SingularityRes Hell ya!

[Rightsized CapStack Capital @CapstackCapital]

@DeepDive_KR The Pref dividends are PIK’d.

[Rightsized CapStack Capital @CapstackCapital]

$NTSK Joined Anthropic's Project Glasswing, a large development for the Company.

https://t.co/ABGczcq7hi

[Rightsized CapStack Capital @CapstackCapital]

You are spot on. Quiet performers who post moderate, but consistent, growth outpace hype cycles, especially over long periods of time. It's a much better way to invest that is becoming increasingly less common as investors turn over rocks for the next "bottleneck" or "chokepoint" to try and make 10x in to days. Great companies like that, and many other industrial compounders, trade at premium multiples bc they have proven over long periods that they allocate capital efficiently and generate robust returns on capital, enriching shareholders. They built up goodwill with investors because of their track record.

[Rightsized CapStack Capital @CapstackCapital]

$ESE continues to be a name that receives little attention on X, yet chugs along and puts up strong numbers.

Stock price is +57% since I highlighted the Company in Aug'25. ESE deserves more attention.

25.1x LTM EBITDA / 23.8x CFY EBITDA / 21.7x FY27 EBITDA - all pretty hefty multiples

FY27 is the more normalized EBITDA figure as revenue growth in the FYE 9/30/26 is expected ~20% due to M&A and revert back to the historical MSD in FY27.

ESE done a great job of diversifying its business and adding content, especially on Navy Subs. On Subs it has made acquisitions to add content across the build cycle (vs. just earlier or at the end) to smooth earnings. Also has Missile exposure.

> Utility Solutions segment - develops, manufactures, and delivers diagnostic testing solutions and decision support tools for the renewable energy industry, primarily wind and solar. The segment provides exposure to the AI build out especially as solar growth is anticipated to accelerate due to its LCOE and the shortest amount of time to get a project up n running.

I continue to love the business and will monitor it closely for a pullback. Worth checking out and doing DD on.

[Rightsized CapStack Capital @CapstackCapital]

$ESE UTR biz I forgot about and circling back. If you can't tell, I love IndustrialCos w/ A&D tilt esp Navy, AF, missiles.

Recent acq. of SM&P is game changing as it:
🔹 Increases content on submarines
🔹 Gains exposure to UK Royal Navy (subs & surface) & U.S. surface fleet
🔹 OEM & Aftermarket + Recurring revenue & accretive margins
🔹Large backlog
🔹 Smooths out revenue across the ship/sub build cycle (SM&P products = early in build + ESE = later in build)

[Rightsized CapStack Capital @CapstackCapital]

Europe / EU is always so far behind the U.S., it's astonishing. They can never really lead in anything with such a regulatory burden and general unwillingness to support start-ups / high growth industries. Though, it appears there are some pockets that are starting to at least partially course correct.

[Rightsized CapStack Capital @CapstackCapital]

Jeez louise $XOS +202% today is crazy work. It'll fade.