Jeremy Raper, founder of the excellent rapercapital.com and our inaugural guest, makes a repeat appearance on the podcast. We discuss his recent views on the market, a quick update on his StoneX (SNEX) thesis, and his recent thesis on Canadian microcap Bragg Gaming (BRAG).
Note that BRAG is a Canadian Microcap; please do you own research and nothing in this podcast is investing advice.
Jeremy's first YAVP appearance: https://youtu.be/X-nVRNiSeos
Jeremy's article on BRAG: https://seekingalpha.com/article/4391937-bragg-gaming-undiscovered-igaming-saas-gem-be-next-gan-plc
1:30 Catch up and the current environment
5:55 How Jeremy is shorting in this environment
15:15 Sectors Jeremy is seeing opportunity on the long side
23:30 Update on StoneX (SNEX) thesis
29:50 Brag Overview
33:10 Similarities between Brag and GAN
38:55 Red flag #1: Management turnover
45:40 How a recent deal suggests equity upside
49:40 Why Brag could be a better business than Gan
56:20 Brag's 2021 outlook and German regulatory risk
1:11:00 Management's recent commentary on relisting