I'm Bruce, a deep value investor. Buying what most investors don't like across global public markets.
Joined April 2026
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A speculator could argue that if today’s UK Budget or policy more generally favours the north, then this business will do very well.
It’s plausible upside optionality.
But this is a good business at a great price, regardless. #NTBR
Price to Tangible Bruce retweeted
A chunk of the cash has gone on an acquisition.
“a disciplined use of capital...meaningful opportunities to strengthen long-term earnings and cash generation” $PEW
A chunk of the cash has gone on an acquisition.
“a disciplined use of capital...meaningful opportunities to strengthen long-term earnings and cash generation” $PEW
Price to Tangible Bruce retweeted
This basket is doing quite well.
Pick a theme with tailwinds, find cheap equities within it. Enjoy the flaming golfballs:
Japan’s Defence spending is in a boom.
I take a look at the obscure deep value names offering great exposure to this tailwind: tangiblebruce.substack.com/p…
This basket is doing quite well.
Pick a theme with tailwinds, find cheap equities within it. Enjoy the flaming golfballs:
Japan’s Defence spending is in a boom.
I take a look at the obscure deep value names offering great exposure to this tailwind: tangiblebruce.substack.com/p…
Price to Tangible Bruce retweeted
More insider buying since this was published in July. A net-net worth your time:
Price to Tangible Bruce retweeted
Got 10 minutes to read about a FCF positive net-net? Worth a Sunday skim.
Amazes me that my car can turn back on all the safety features if it sees me squint or yawn, but it's still incapable of giving me an accurate/realistic remaining range
Price to Tangible Bruce retweeted
Your humbling reminder that Greenspan warned of irrational exuberance in 1996.
Price to Tangible Bruce retweeted
Most turnarounds need growth. This one needs the opposite: fewer uneconomic customers, less surplus inventory and fewer shares. Management is dismantling the old strategy, releasing cash, and repurchasing equity. A smaller business that could leave each remaining shareholder owning something better - and with more of
Most turnarounds need growth. This one needs the opposite: fewer uneconomic customers, less surplus inventory and fewer shares. Management is dismantling the old strategy, releasing cash, and repurchasing equity. A smaller business that could leave each remaining shareholder owning something better - and with more of