Robbie Sands

Investing in founder driven businesses. Writing thoughts on Substack,

[Robbie Sands @value_bourne]

$CROX buybacks

[Robbie Sands @value_bourne]

@rebound_capital When they buy a product line, they have to buildout new manufacturing space to accommodate for the business. Keep an eye on CAPEX per acquisition.

[Robbie Sands @value_bourne]

@siyul $QCLS if u know, u know.

[Robbie Sands @value_bourne]

$CROX new share repo program: $1.5B on $6.5B market cap is a 23% capital return.

1st time ever Crocs brand did over $1B in quarterly sales

Sandals becoming a $500m run rate biz.

The brand can take any trend and Croc-ify it:

Ballet flat, birk sandal, yeezy slide, havaianas

[BDB @BigDickBull69]

Asians are the complete opposite of Europeans in markets

Europeans are pussies who play to never lose

Asians risk everything for absolutely no reason

Study Bill Hwang, Su Zhu, etc

[Colin Tedards @InvestorVideos]

too soon?

[Robbie Sands @value_bourne]

> move to Japan 🇯🇵

> buy a profitable paintbrush manufacturing co at .73x book value

> sale leaseback the facilities -> asset light, hire international salesforce, double ROIC and EPS over a decade

> learn they way of 'Nomikai' & get wasted with your employees

[StackRanks App @stackranks]

What are the top-earning finance substacks writing about?

🤖 AI & Semis: 20.3%
🏦 Macro & Central Banks: 19.8%
📈 Equity Research: 17.8%
⚡ Energy & Commodities: 15.7%
🌍 Geopolitics & Trade: 11.2%
₿ Crypto: just 4.1%
AI and macro dominate. Somehow crypto still has legs.

[StackRanks App @stackranks]

Querying our database today:

Substacks' Finance top earners 🤑 average a 3.34% paid subscriber rate.

The standout? @Norseman1 🇳🇴 at 21.57%, he's 6× the category average.

@GaliciaInvestor 🇪🇸 comes in last at 0.23% paid subs.

[Robbie Sands @value_bourne]

@gkamstra @rhunterh lmao
https://t.co/OZjZkYkjUd

[StackRanks App @stackranks]

# 61-72 on https://t.co/CEKzIzh4UN Top Earners list be like:

[Robbie Sands @value_bourne]

@rhunterh lmao found another one https://t.co/OZjZkYkjUd

[StackRanks App @stackranks]

# 61-72 on https://t.co/CEKzIzh4UN Top Earners list be like:

[Robbie Sands @value_bourne]

@QCompounding is this true?
https://t.co/BjTQUH8USu

[StackRanks App @stackranks]

💰 How @Qcompunding makes $72,800 per month writing on Substack.

Let's dive in 👇

[Robbie Sands @value_bourne]

I'm in Lugano, Switzerland. Any investors wanna meet up?

[Robbie Sands @value_bourne]

$KSPI CEO:

"My personal investment alongside Tencent and other long-term investors reflects my strong confidence in Kaspi. kz’s long-term opportunity." - 1Q26 letter

How Tencent & Kaspi are planning the next stage of growth:

https://t.co/i2HfJ9JXx9

[Robbie Sands @value_bourne]

@valuedontlie https://t.co/Fwv0GREct8 has a lot of data on this

[Robbie Sands @value_bourne]

I’m a shameless $KSPI plug.

Besides being an absolute CF machine, the founder, Lomtadze is widely unknown. In 2013, he spoke with students on his philosophy behind management and culture at Kaspi.

I cover his talk and Kaspi’s next stage of growth here...

[Robbie Sands @value_bourne]

"Honey, how great is to be invested with our amazing partners down in Omaha."

https://t.co/fpOM00e0vr

[Robbie Sands @value_bourne]

Full article here https://t.co/2cA0dnUFTs

[Robbie Sands @value_bourne]

I’m a shameless $KSPI plug.

Besides being an absolute CF machine, the founder, Lomtadze is widely unknown. In 2013, he spoke with students on his philosophy behind management and culture at Kaspi.

I cover his talk and Kaspi’s next stage of growth here...

[Robbie Sands @value_bourne]

I've written on 6-7 companies over the past year.

Only 3 were bought with major conviction & position sizing.

$TRBRF at $0.77 (Feb'25) -> $1.16 +51% (acquired)
$CROX at $86.32 (Feb'26) -> $124 +43%
$BATRK at $40.15 (Nov'25) -> $48 +20%