Letko Brosseau & Associates — long-term, value-oriented global & emerging-markets manager; running synthesis of his video/podcast appearances, with per-transcript breakdowns and a stock index.
Air Canada — contrarian buy mid oil-crisis: premiumization + the A321XLR fleet inflection (30% lower fuel/mile) drive EPS ~$1.50 → ~$6 by end of decade; on a conservative 8× exit ~$50 (“more than double”), FCF inflection ~2028.
Bolsa Mexicana de Valores — the Mexican stock exchange (80% of national volume) and custody monopolist; a natural monopoly on a financial-penetration secular trend (only ~50% of adults banked), double-digit growth, ~6% yield, ~11× — cheap enough that disruption “around the edges” is survivable.
Copel — Brazilian integrated utility (hydro+wind generation, transmission, distribution) at the bottom of the cost curve on free hydro/wind input; three regulated return streams smooth earnings (low beta), ~15% growth, ~5.5% 2027 dividend, ~13× next-year earnings — his EM fund’s top holding, “quality on sale”.
In one line: a long-term, value-oriented bargain-hunter (Letko Brosseau) finding high-quality, moated industry leaders "on sale" — especially in beaten-down emerging markets — that pair double-digit earnings growth with fat dividends at low-teens P/Es, and quality enough to ride out volatility.
Quality on sale, mostly in EM. Looks for industry leaders with a structural moat, double-digit earnings growth, a strong dividend and a low-teens (or lower) multiple — a combination "you'd be hard-pressed to find in developed markets" but that emerging markets keep offering up cheap.
Buy the leaders, weather the volatility. Sticks to high-quality, well-financed names that can withstand downturns (trade negotiations, oil shocks) rather than fringe players — "park your assets in a safer part of the market" through uncertainty.
Long horizon, contrarian entries. Willing to buy names that "raise eyebrows" (an airline mid oil-crisis) when current volatility masks a multi-year growth story; would rather get in front of an inflection than miss it.
Transcripts
One dated page per appearance — each has its full stock table, talking points, and the saved transcript. Newest first.