In short: New watch off the closing idea list: "SMHI, which is Seacor Marine, it's an offshore vessel [operator] under activist pressure, with Pointillist owning 7.2% and [Sofware] owning 3.5%. The stock's at about 10 bucks versus broker NAV for shipping valuations of above $20 a share" — a roughly 2× discount to asset value with two disclosed activists already inside it.
SEACOR Marine owns the supply and support vessels that service offshore oil platforms. Ships have observable resale values, and brokers who value shipping fleets put SEACOR's above $20 a share. The stock trades around $10.
What makes it more than a cheap statistic is that two activist investors have already bought in and disclosed it — one at 7.2% and one at 3.5%. Activists in an asset-heavy company at half its liquidation value usually have one demand: sell the ships, or sell the company, and give shareholders the difference. Singh is watching rather than buying, but the pattern is the one he has repeatedly said he likes.
Full passage: premium transcript (PDF).
Nothing matches this filter.
Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.