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Yet Another Value Podcast

Yet Another Value Podcast

By: Andrew Walker
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Summary

 Yet Another Value Podcast is a new podcast from Andrew Walker, the founder of yetanothervalueblog.substack.com/. We interview top investors and dive deep into stocks and companies they are currently working on and investing in. While nothing on this channel is investing advice and everyone should do their own diligence, our goal is to frequently feature edgy and actionable value and/or event driven ideas. Please see our legal and disclaimer at: https://yetanothervalueblog.substack.com/p/legal-and-disclaimerAndrew Walker Economics Personal Finance
Episodes
  • $STVN: are oral GLP-1s really a death blow? | Aurelian Research's Leo Trudel

    $STVN: are oral GLP-1s really a death blow? | Aurelian Research's Leo Trudel
    May 5 2026
    Stevanato (STVN) makes the glass vials and pre-filled syringes that GLP-1 drugs ship in. The stock has sold off on fears that oral GLP-1s replace injectables, but Aurelian Research's Leo Trudel argues that's a misread: biologics demand keeps growing, the mix is shifting toward higher-margin "high-value solutions," and switching costs in regulated drug delivery are real. We dig into the bull case, the oral-vs-injectable debate, capacity and oversupply risk, capital allocation, regulatory lock-in, and what would change Leo's view.[00:00:00] Podcast intro and guest welcome[00:03:08] Stevanato's business model: vials, syringes, high-value solutions[00:03:51] COVID boom and the destocking cycle[00:06:39] Why the stock sold off and what it implies[00:07:34] Market expectations vs. reality[00:11:55] Margin expansion from mix shift[00:14:40] Oral vs. injectable GLP-1s: the real debate[00:17:30] Why oral and injectable aren't interchangeable[00:19:44] Capacity additions and oversupply risk[00:21:00] Biologics demand beyond GLP-1[00:23:04] Management trust and capital allocation[00:26:52] Regulatory lock-in: the real moat[00:29:42] What could break the bull case[00:30:53] Future capex and where it goes[00:32:41] Industry structure and M&A outlook[00:34:37] AI tools in investment research[00:38:09] Closing thoughts and Leo's stanceLinks:Yet Another Value Blog - https://www.yetanothervalueblog.comSee our legal disclaimer here: https://www.yetanothervalueblog.com/p...Production and editing by The Podcast Consultant - https://thepodcastconsultant.com/
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    39 mins
  • Can Sprout Social Survive the SaaSpocalypse with Pernas Research's Deiya Pernas $SPT

    Can Sprout Social Survive the SaaSpocalypse with Pernas Research's Deiya Pernas $SPT
    Apr 30 2026

    In this episode of Yet Another Value Podcast, host Andrew Walker speaks with Deiya Pernas of Pernas Research about Sprout Social (SPT) and the broader SaaS selloff. They examine the company’s platform, competitive positioning, and whether the market is mispricing its long-term potential. The discussion covers API complexity, integrations, AI risks, and shifting perceptions across SaaS. They also address valuation, stock-based compensation concerns, and possible catalysts including governance changes or acquisition interest. The conversation closes with a wider look at the so-called SaaS apocalypse and where opportunities may exist.

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    [00:00:00] Introduction and guest overview

    [00:03:59] Sprout Social business model explained

    [00:05:38] Market mispricing and SaaS selloff

    [00:09:53] Fundamentals versus market perception debate

    [00:12:05] SaaS valuation reset discussion

    [00:13:45] Platform capabilities and customer usage[00:15:16] API complexity and competitive advantage

    [00:18:58] Compliance risks and AI concerns

    [00:21:48] Platform competition from social networks

    [00:23:50] AI disruption and company adaptation

    [00:27:07] Systems of record skepticism discussed

    [00:30:00] Integrations and switching costs impact

    [00:31:01] Stock-based compensation concerns raised

    [00:32:01] Dilution risks and sustainability issues

    [00:33:48] Governance changes as potential catalyst

    [00:35:49] Management turnover and uncertainty

    [00:36:46] Acquisition potential discussed

    [00:38:59] Broader SaaS opportunities and risks

    [00:42:11] SaaS durability versus AI disruption

    [00:45:36] Lack of insider buying observations

    [00:46:55] Criticism of board incentives

    Links:

    Yet Another Value Blog - https://www.yetanothervalueblog.com

    See our legal disclaimer here: https://www.yetanothervalueblog.com/p/legal-and-disclaimer

    Production and editing by The Podcast Consultant - https://thepodcastconsultant.com/
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    50 mins
  • Chadd Garcia drills into LandBridge's value

    Chadd Garcia drills into LandBridge's value
    Apr 26 2026

    In this episode of Yet Another Value Podcast, host Andrew Walker is joined by returning guest Chad Garcia to discuss LandBridge and the broader Permian Basin ecosystem. Chad outlines how land-based royalty models differ from traditional energy investments, highlighting surface rights, produced water, and infrastructure as key drivers. The conversation covers LandBridge’s growth through pore space expansion, strategic land acquisitions, and its relationship with WaterBridge. They also examine valuation differences versus peers like TPL, the role of data centers in West Texas, and why the market may be underestimating future cash flow. The episode concludes with an update on Secure Energy’s acquisition and its implications for the waste infrastructure thesis.

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    [00:00:00] Introduction and Chad Garcia returns

    [00:04:07] LandBridge overview and investment thesis

    [00:05:26] History of land royalty businesses

    [00:08:57] TPL business model breakdown

    [00:13:21] LandBridge business and revenue streams

    [00:16:11] Valuation comparison versus TPL

    [00:17:21] Market skepticism and short thesis

    [00:20:59] Incremental pore space growth potential

    [00:24:27] Sponsor ownership and insider alignment

    [00:26:50] Structure and related party concerns

    [00:29:12] Acquisition strategy and value creation

    [00:31:30] Strategic land positioning explained

    [00:36:01] Competitive advantages in pore space

    [00:39:37] Data center opportunity in Permian

    [00:43:38] Challenges to data center deployment

    [00:46:42] Valuation framework and growth outlook

    [00:48:36] LandBridge versus WaterBridge comparison

    [00:49:31] Secure Energy acquisition overview

    [00:51:06] Waste thesis validation discussion

    [00:55:35] Reaction to acquisition valuation

    [00:58:16] Market education still ongoing

    [01:01:12] Closing thoughts and disclaimer

    Links:

    Yet Another Value Blog - https://www.yetanothervalueblog.com

    See our legal disclaimer here: https://www.yetanothervalueblog.com/p/legal-and-disclaimer

    Production and editing by The Podcast Consultant - https://thepodcastconsultant.com/
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    1 hr and 2 mins
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