The Best Ideas fully online conference brings together the best minds from the MOI Global network of intelligent investors, with a focus on timely and actionable investment ideas. Members enjoy complimentary and exclusive access.

Best Ideas 2020 took place on January 8-11 and featured more than sixty instructors. Browse the sessions below.

Two Canadian Small-Caps: Indigo Books and Music, Hamilton Thorne

David Barr and Don Walker of Pender presented their in-depth investment theses on Indigo (Canada: IDG) and Hamilton Thorne (Canada: HTL) at Best Ideas 2020.

Domino’s Pizza Group: Operational Improvement to Drive Rerating

Josh Shores of Southeastern Asset Management presented his in-depth investment thesis on Domino’s Pizza (UK: DOM) at Best Ideas 2020.

Alimentation Couche-Tard: Compounder with Favorable Growth Outlook

Jean Pierre Verster of Protea Capital Management presented his in-depth thesis on Alimentation Couche-Tard (Canada: ATD.A/B) at Best Ideas 2020.

Restoration Hardware: Pivoting Toward Luxury Brand Status

William Brewster of Sullimar Capital Group presented his in-depth thesis on Restoration Hardware (US: RH) at Best Ideas 2020.

Avid: Leading Audio/Video Editing Software Supplier to Professionals

Edward Chang of Pledge Capital presented his in-depth investment thesis on Avid Technology (US: AVID) at Best Ideas 2020.

Megacable: Strategic Assets, Attractive Growth, Strong Balance Sheet

Patrick Brennan of Brennan Asset Management presented his in-depth thesis on Megacable (Mexico: MEGACPO) at Best Ideas 2020.

Info Edge: Online Platform with Startup Investment Optionality

Ashish Kila of Perfect Group presented his in-depth investment thesis on Info Edge (India: NAUKRI) at Best Ideas 2020.

Borusan: Turkey-Based Investment Holding at Steep Discount to NAV

Mesut Ellialtioglu of Talas Turkey Value Fund presented his in-depth thesis on Borusan Investment (Turkey: BRYAT) at Best Ideas 2020.

Concrete Pumping: Owner-Operated Firm With Strong Unit Economics

Rimmy Malhotra of Nicoya Capital presented his in-depth investment thesis on Concrete Pumping Holdings (US: BBCP) at Best Ideas 2020.

GigaMedia, Trilogiq, Charle: Three Net Current Asset Value Bargains

Juan Matienzo of Mercor presented his theses on GigaMedia (US: GIGM), Trilogiq (France: ALTRI) and Charle (Japan: 9885) at Best Ideas 2020.

Macro Enterprises: Owner-Operated Pipeline Construction Firm

Michael Melby of Gate City Capital Management presented his in-depth investment thesis on Macro Enterprises (Canada: MCR) at Best Ideas 2020.

Rosetta Stone: Value Realization Possible Due to Potential Sale

Travis Cocke of Voss Capital presented his in-depth investment thesis on Rosetta Stone (US: RST) at Best Ideas 2020.

Contingent Value Rights: Investment Tutorial, and Celgene Thesis

Jacob Ma-Weaver of Cable Car Capital presented his in-depth thesis on Celgene contingent value rights (US: BMY-R) at Best Ideas 2020.

Terravest Industries: Rollup Done the Right Way, Aligned Management

Mike Kruger of MPK Partners presented his in-depth investment thesis on Terravest Industries (Canada: TVK) at Best Ideas 2020.

Stelco, Clarke: Two Canadian Small-Caps at Discount

Curtis Jensen of Robotti & Company presented his in-depth investment theses on Stelco (Canada: STLC) and Clarke (Canada: CKI) at Best Ideas 2020.

Diamond S Shipping: Recently Formed, With Highly Capable CEO

Brian Hennessey of Alpine Woods Capital presented his in-depth investment thesis on Diamond S Shipping (US: DSSI) at Best Ideas 2020.

Grupo Jereissati: At Discount to Stake in Brazil’s Shopping Mall Leader

Mathias Wagner of LIS Capital presented his in-depth investment thesis on Grupo Jereissati (Brazil: JPSA3) at Best Ideas 2020.

Mohawk Industries: Low-Cost Flooring Producer with Incentivized CEO

John Heldman and David Hutchison of Triad Investment Management presented their thesis on Mohawk Industries (US: MHK) at Best Ideas 2020.

Gestamp: Owner-Operated Tier 1 Auto Supplier at Low Valuation

Javier Echevarria of Invexcel Patrimonio presented his in-depth thesis on Gestamp Automoción (Spain: GEST) at Best Ideas 2020.

Gruma: Well-Managed, World-Leading Tortilla and Corn Flour Producer

Francisco Carrillo of Mexico Value Partners presented his in-depth investment thesis on Gruma (Mexico: GRUMAB) at Best Ideas 2020.

Time Technoplast: Dominant Position in Plastic Industrial Packaging in India

Gaurav Aggarwal of Metis Capital Management presented his in-depth thesis on Time Technoplast (India: TIME) at Best Ideas 2020.

Formula Systems: Software-Focused Holding Company at Discount to NAV

Omri Velvart of Legacy Value Partners presented his in-depth investment thesis on Formula Systems (Israel: FORTY) at Best Ideas 2020.

KVH: Transitioning to Subscription Model, with Growth Ahead

John Barr of Needham Funds presented his in-depth investment thesis on KVH Industries (US: KVHI) at Best Ideas 2020.

Cashmere Valley Bank: Attractively Valued, with Growth Prospects

Daniel Baldini of Oberon Asset Management presented his in-depth investment thesis on Cashmere Valley Bank (US: CSHX) at Best Ideas 2020.

OL Groupe, AFC Ajax: European Football Ideas with Real Asset Backing

Michael Morosi of MAPFRE AM presented his in-depth investment thesis on OL Groupe (France: OLG) and AFC Ajax (Netherlands: AJAX) at Best Ideas 2020.

IPL Plastics: Post-IPO Setbacks Create Inflection Opportunity

Kyle Mowery of GrizzlyRock Capital presented his in-depth investment thesis on IPL Plastics (Canada: IPLP) at Best Ideas 2020.

Canada Goose: Owner-Operated Organic Grower in Apparel Retail

Christopher Mroz of AIFAM Group presented his in-depth investment thesis on Canada Goose (US: GOOS) at Best Ideas 2020.

Movado: Global Watch Brand, Delivers Value Despite Tough Outlook

A.J. Noronha of Desai Capital Management presented his in-depth investment thesis on Movado (US: MOV) at Best Ideas 2020.

OXY: Opportunity to Invest on Better Terms Than Those Berkshire Received

Brian Pitkin of URI Capital Management presented his in-depth thesis on Occidental Petroleum (US: OXY) at Best Ideas 2020.

Spark: Online Dating Company, Cheap After Selling Pressure in 2019

Patrick Retzer of Retzer Capital Management presented his in-depth investment thesis on Spark Networks (US: LOV) at Best Ideas 2020.

Ranger: Exceedingly Cheap US Energy Services Company

Dan Roller of Maran Capital Management presented his in-depth investment thesis on Ranger Energy Services (US: RNGR) at Best Ideas 2020. Thesis…

Adrian Saville: Three Value Investment Ideas in South Africa

Adrian Saville of Cannon Asset Managers presented his theses on Stor-Age (South Africa: SSS), Sabvest (South Africa: SBV, SVN) and Altron (South Africa: AEL) at Best Ideas 2020.

Pzena Investment Management: Value Discipline, Historically Low Valuation

Sam Sheldon of Punch & Associates Investment Management presented his in-depth investment thesis on Pzena (US: PZN) at Best Ideas 2020.

Liberty: Oilfield Services Firm with Leading Operational Execution

Saurabh Sud of T. Rowe Price presented his in-depth investment thesis on Liberty Oilfield Services (US: LBRT) at Best Ideas 2020.

Coca-Cola Hellenic Bottling: Multiple Ways to Win

Kevin Cope of Hutchinson Capital Management presented his in-depth investment thesis on Coca-Cola Hellenic Bottling Company (UK: CCH) at Best Ideas 2020.

Clear Media: Dominant Player in Chinese Bus Shelter Advertising

Matthew Sweeney of Laughing Water Capital presented his in-depth investment thesis on Clear Media (Hong Kong:100) at Best Ideas 2020.

Charles River: Dominant Pre-Clinical Research Services Outsourcer

Sahm Adrangi of Kerrisdale Capital Management presented his in-depth investment thesis on Charles River Labs (US: CRL) at Best Ideas 2020.

Hemisphere Media: Unique Hispanic Media Assets, Strong Management

Nitin Sacheti of Papyrus Capital presented his in-depth investment thesis on Hemisphere Media (US: HMTV) at Best Ideas 2020.

Pinnacle Renewables: Temporary Headwinds, Long-Term Tailwinds

Ian Clark of Dichotomy Capital presented his in-depth investment thesis on Pinnacle Renewables (Canada: PL) at Best Ideas 2020.

Airlines: Planes, Credit Cards, and the Shiny Object Syndrome

Adam J. Schwartz of Black Bear Value Partners presented his analysis of and insights into the airline industry at Best Ideas 2020.

PFB: Canadian Micro-Cap Insulating Products Maker with Strong FCF

James Zimmerman of Lowell Capital Management presented his in-depth investment thesis on PFB (Canada: PFB) at Best Ideas 2020.

Seritage: Quality Assets, NAV Growth, No Longer Dependent on Sears

Alex Bossert of Bossert Capital presented his in-depth investment thesis on Seritage Growth Properties (US: SRG) at Best Ideas 2020.

Griffin Industrial Realty: High Cap Rate Despite Portfolio Transition

Bill Chen of Rhizome Partners presented his in-depth investment thesis on Griffin Industrial Realty (US: GRIF) at Best Ideas 2020.

BioSpecifics: Early-Stage Medical Firm with FCF and Optionality

Chris Crawford of Crawford Fund Management presented his in-depth investment thesis on BioSpecifics (US: BSTC) at Best Ideas 2020.

Aker: Well-Managed Industrial Investment Holding at Discount

James Davolos of Horizon Kinetics presented his in-depth investment thesis on Aker ASA (Norway: AKER) at Best Ideas 2020.

Century Casinos: Transformational Acquisition Provides Upside

Shawn Kravetz of Esplanade Capital presented his in-depth investment thesis on Century Casinos (US: CNTY) at Best Ideas 2020.

Africa Oil: Strong, Liquid Balance Sheet, with Upside Catalysts

William Thomson of Massif Capital presented his in-depth investment thesis on Africa Oil Corp. (Canada: AOI) at Best Ideas 2020.

Progressive: Consistent Grower in Direct Segment of Auto Insurance

Stephen Dodson of Bretton Fund presented his in-depth investment thesis on Progressive Corporation (US: PGR) at Best Ideas 2020.

Cars.com: Depressed Valuation Despite Inflection Year Ahead

Steve Gorelik of Firebird Management presented his in-depth investment thesis on Cars.com (US: CARS) at Best Ideas 2020.

Keywords: Compounder in Video Game Content Creation Industry

Charles Hoeveler of Norwood Capital Partners presented his in-depth investment thesis on Keywords Studios (UK: KWS) at Best Ideas 2020.

Michael Lee on Root Cause Analysis in Investing

What are the root causes of stock success or failure over long periods of time? Mike Lee examines this question in a Best Ideas 2020 session.

Nintendo: Transformation Supports Continued Earnings Growth

Ryan O’Connor of Crossroads Capital Partners presented his in-depth investment thesis on Nintendo (Japan: 7974) at Best Ideas 2020.

Synchrony: Card Issuer with Valuable Data Analytics Business

Dave Sather of Sather Financial Group presented his in-depth investment thesis on Synchrony Financial (US: SYF) at Best Ideas 2020.

Dundee Corp.: Steep NAV Discount Despite Asset Rationalization

Jim Roumell of Roumell Asset Management presented his in-depth thesis on Dundee Corporation (Canada: DC.A) at Best Ideas 2020.

MiX Telematics: Owner-Operated Leader with Long Growth Runway

Samir Patel of Askeladden Capital presented his in-depth investment thesis on MiX Telematics (US: MIXT) at Best Ideas 2020.

Cars.com: Leading Online Car Listing Site at Depressed Valuation

Bogumil Baranowski of Sicart Associates presented his in-depth investment thesis on Cars.com (US: CARS) at Best Ideas 2020.

Glenn Surowiec Shares Value Investing Insights and Ideas

The founder of GDS Investments joined us for a Q&A session, sharing his outlook for value investing as well as some of his favorite ideas.

Tyson Foods: Valuation Discount, Combined with Growth Drivers

Scott Phillips of Templeton & Phillips Capital Management presented his in-depth thesis on Tyson Foods (US: TSN) at Best Ideas 2020.

Hammerson: REIT with Attractive Retail Assets at Discount to NAV

Amit Wadhwaney of Moerus Capital Management presented his in-depth investment thesis on Hammerson plc (UK: HMSO) at Best Ideas 2020.

Phil Ordway on (I) Capital Allocation and (II) Discount Brokers

Phil Ordway of Anabatic Investment Partners led a session at Best Ideas 2020, examining (i) capital allocation and (ii) discount brokers.

CPL: Owner-Operated Steady Grower in Workforce Services

Jeffrey Stacey of Stacey Muirhead Capital Management presented his in-depth thesis on CPL Resources (UK: CPS) at Best Ideas 2020.

Three Ideas: Senior Lien (Bond Like) Infrastructure Investments

Keith Smith of Bonhoeffer Fund presented his in-depth theses on Broadstone Net Lease, Brookfield Infrastructure Partners (US: BIP), and MPLX, LP (US: MPLX) at Best Ideas 2020.

Jacquet Metal Service: Owner-Operated Leader with M&A Upside

Raphael Moreau of Amiral Gestion presented his in-depth investment thesis on Jacquet Metal Service (France: JCQ) at Best Ideas 2020.

Kelt Exploration, Orca Exploration: Cheap, Well-Run, Profitable Operators

Serge Belinski of Value Holdings presented his in-depth investment theses on Kelt Exploration (Canada: KEL) and Orca Exploration (Canada: ORC.B) at Best Ideas 2020.

What Portfolio Implications Does the Asset-Based Approach Have?

The asset-based approach functions well as a means of assessing conservative business value to a potential purchaser of the company.

Zooplus: European Leader in Online Pet Food and Accessories Retail

Harry Fraser of Oldfield Partners presented his in-depth investment thesis on Zooplus (Germany: ZO1) at Best Ideas 2020.

The Most Important Mental Model, or On Being a Fallibilist

Knowing there are likely errors in what we currently believe to be true is a fundamentally optimistic worldview. It is a growth mindset.

Booking Holdings: Wide-Moat OTA in Healthy Coopetition with Google

Sean Stannard-Stockton of Ensemble Capital Management presented his in-depth thesis on Booking Holdings (US: BKNG) at Best Ideas 2020.

“Outrageous” Profit Margins

I find myself annoyed buying beer at a baseball game. Since I’m free to buy or not buy a beer, you would think that if I buy one then I must find the price reasonable.