David Capital Partners' Adam Patinkin on Lifecore's CDMO business $LFCR
Adam Patinkin, CFA, Managing Partner at David Capital Partners, LLC, joins the podcast to discuss his thesis on Lifecore Biomedical, Inc. (NASDAQ: LFCR), a fully integrated contract development and manufacturing organization (“CDMO”). For more information about David Capital Partners, please visit: https://davidpartners.com/Chapters:[0:00] Introduction + Episode sponsor: Fintool[2:23] Who is David Capital and why $LFCR is interesting to Adam[6:16] $LFCR history[12:55] What is a CDMO (Contract Development and Manufacturing Organization) and how ingrained into the regulatory approval process they are; why these businesses are attractive[21:47] What is Adam seeing with $LFCR that the market is missing[24:00] $LFCR business[30:16] Why this management team will change the trajectory of the company[38:10] Capacity / concern about the speed to fill capacity[46:45] Trump regulatory tailwinds / RFK headwind[53:03] What has kept this company from achieving greatness / risk vs. reward with $LFCR[1:02:33] Management team incentives[1:04:41] Conversation about the math (valuation)[1:10:08] Final thoughtsToday's sponsor: FintoolFintool is ChatGPT for SEC Filings and earnings calls. Are you still doing keyword searches and going to the individual filing and using control F? That’s the old way of doing things before AI. With Fintool, you can ask any question and it’s going to automatically generate the best answer. So they may pull from a portion of an earnings call, or a 10k, whatever it may be and then answer your question. The best part- every portion of the answer is cited with the source document.Now- if you’ve tried to do any of this in ChatGPT you may know that the answers are often wrong or hallucinations. The way Fintool is able to outperform ChatGPT is their focus on the SEC filings. If you’re an analyst or a portfolio manager at a hedge fund, check them out at https://fintool.com?utm_source=substack&utm_campaign=yavb&utm_content=podcast280See our legal disclaimer here: https://www.yetanothervalueblog.com/p/legal-and-disclaimer