Up North Value

Value and special situation investor with a primary focus on the Canadian market. Tweets are not investment advice.

[Paul Narrenschiff @TheNarrenschiff]

Look, I'm a huge bagholder here, and I offer no real defense of myself. But, is the right multiple for a Canadian media company with net cash (plus ~90mm CAD of net tax credits receivable) really <2.5x EBITDA? $BAMI.TO

[Up North Value @upnorthvalue]

Started positions in $MKL and $ffh.to this week. Good value in this market.

[Up North Value @upnorthvalue]

@thepupil11 -30% from here would imply a price to book of approx > 1 that is never going to happen nor would that valuation be warranted.

[Up North Value @upnorthvalue]

Disappointing that $bami.to did not give any forward guidance now that all the recent acquisitions had been completed. Also I found mgmt’s answers during the Q&A uninspiring.

[Maxwell House @maxwellhouse99]

DKAM ROE Reporter March 2026

Micro and Small Caps highlighed in the report: $ZDC.V $BAMI.TO $E.TO $VHI.TO

https://t.co/E5FfnAVEcS

[Maxwell House @maxwellhouse99]

$BAMI.TO National Bank initiate coverage with a PT of $11

[Up North Value @upnorthvalue]

Started a position in $OTEX this morning. Things I like: New CEO, focused strategy and non-core asset sales to reduce debt.

[Up North Value @upnorthvalue]

$mdp.to

[torpan @torpan12]

@Stable0752 Strongest month yet ($1.54mn) - almost at bottom-end of $3-4mn guidance range with March to go. $MDP.TO

[torpan @torpan12]

@Stable0752 Strongest month yet ($1.54mn) - almost at bottom-end of $3-4mn guidance range with March to go. $MDP.TO

[Up North Value @upnorthvalue]

Still nothing from $Bami.to regarding an OTC uplisting. If you are a shareholder please email IR regarding this - they need to upgrade from OTC Pink Sheets to OTCQX to increase liquidity for US investors ($TBRD had a OTCQX listing)

[Up North Value @upnorthvalue]

$BAMI.to needs to upgrade from OTC Pink Sheets to OTCQX asap. More liquidity and transparency for US investors. A lot of $TBRD volume comes from its OTCQX listing. Email $BAMI.to IR to express this view at [email protected]

[Up North Value @upnorthvalue]

@knicksman12 @TrentBlair19 When they reported Q3 earnings in November they said MAUs had stabilized increasing back to 90 million in October. Either way Q4 is always their best quarter so expect $6-8+ million of FCF, increasing cash to >$20 million USD - half of current market cap. $fora.to

[Up North Value @upnorthvalue]

$illm.to trading near cash value. Anyone adding here?

[Up North Value @upnorthvalue]

I’ve been adding to $fora.to here. Trading at 2x FCF. At this valuation likely to be taken private in my opinion.

[Armin Hartl @Armin_Hartl]

$BAMI.TO thesis in a nutshell:
- overly complicated situation (RTO, merger, asset sales) hides economics
- Expiry of lock-up and share deal brought motivated sellers: Daily volume >20x and SP -30%
- Fairfax underwrote 3x current multiple
- founder-operator w/ proven track-record

[Medexus Pharmaceuticals (TSX: MDP, OTCQX: MEDXF) @MedexusInc]

Medexus Announces Fiscal Q3 2026 Results, Driven by Continued Strong Year-To-Date Product-Level Performance of GRAFAPEX (treosulfan) for Injection https://t.co/kIgHvZL0AS

[Up North Value @upnorthvalue]

@MatinaStevis @tylerpager @MariaBartiromo since you had a trade representative on your show yesterday with no facts maybe you can now report the real information. That the bridge was paid entirely by Canada, revenue shared with Michigan and the owner of the existing bridge lobbied Trump.

[Matina Stevis-Gridneff @MatinaStevis]

SCOOP: Detroit Billionaire Owner of Ambassador Bridge Lobbied Administration, Met With Howard Lutnick Monday, Hours Before Trump Lambasted New Detroit-Michigan Gordie Howe Bridge w/ @tylerpager #cdnpoli

https://t.co/A1JpN7GgU0

[Kashif Pirzada, MD @KashPrime]

The reason this bridge between Ontario and Detroit had to be built entirely by Canada was because the corrupt American businessmen who owned the other bridge, bribed and lobbied to keep Michigan from contributing anything.
Basically everything wrong with US politics in a nutshell.

[Julian Klymochko @JulianKlymochko]

Constellation Software announced 3 separate acquisitions this morning.

You figure they, of all people, would see that software was killed by AI.

[The Wall Street Journal @WSJ]

An Abu Dhabi royal backed a secret $500 million investment in Trump’s crypto company. Months later, U.A.E. won access to tightly guarded American AI chips. https://t.co/7jVpCE1KK7