Sohn Next Wave Notes – No Paywall – Summary Version

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Jacob Wolinsky
Published on
2017 Sohn Investment Conference

Here is a short 101 only email is required – more in-depth at VWP for our paying readers

Rashmi Kwatra – Founder Sixteenth Street Capital – Kwatra believes BRAC Bank’s exposure to high growth SMEs and mortgage loans in the under-penetrated Bangladeshi market [emaillocker id=2026323] will provide outsize returns over the next decade – BRAC Bank is a growth leader in mobile payments; bKash unit is the largest mobile payment operator in the country with 75% market share; 70% of Bangladesh population is “unbanked”

Tim Garry: CIO Pelorus Jack Capital – “Something has changed, and it’s changed dramatically.” Tim Garry sees increased volatility in growth stocks an imminent momentum crash. Predicts a correction similar to Q1 2016

Alexander Captain – Cat Rock Capital’s Alexander Captain sees Takeaway.com as having the best upside among online food delivery companies around the world – Takeaway.com could be a “whale” investment over next 10 years – Has 58% Ebitda margin in its home market in the Netherlands; likely to become “dominant” market leader in Germany – Takeaway.com may be M&A target for Delivery Hero, others

Dylan Adelman (2017 SOHN Idea Contest Winner) sees an “enormous” growth runway in the online classifieds business in Russia. He recommends $VNV as a way to capture that upside.

Oleg Nodelman of EcoR1 Capital takes the stage at Next Wave. He’s pitching long on Ascendis Pharma $ASND and their growth hormone deficiency drug.   ASND’s lead growth hormone therapy worth $129/share, based upon recent premium Novartis paid for AveXis – Sees upside to $289/share

Scott Goodwin – Co Founder Diameter Capital Partners, sees “creative” financial engineering, cash burn in core products, and a shrinking market share for Rallye (RAL FP). He recommends shorting using the 3-year [/emaillocker]credit default swaps

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Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.

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