Archive - ASB Research

Merchants Bancorp (MBIN)

US bank trading at 0.85x tangible book value. Track record of +20% return on tangible equity.

Aug 9

June 2025

MTY Food Group (MTY)

Canadian-based restaurant group.

Jun 28

April 2025

The owner of Tommy Hilfiger and Calvin Klein

Apr 13

March 2025

Waste Connections (WCN)

They collect waste and dispose of it. Scarce resources (landfills), route density, and switching costs.

Mar 20

August 2023

Rightmove (RMV)

80% of the time UK homeseekers spend on property portals is spent on Rightmove.

Aug 24, 2023

June 2023

They have the largest database of income and employment data in the US called TWN. This data is often exclusive to TWN.

Jun 10, 2023

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