Overlooked Alpha

Overlooked Alpha

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Overlooked Alpha
Overlooked Alpha
Research Notes: 3 Good Ideas

Research Notes: 3 Good Ideas

A fresh look at Portillo's, Destination XL and EngageSmart

Overlooked Alpha
Aug 30, 2023
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Overlooked Alpha
Overlooked Alpha
Research Notes: 3 Good Ideas
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Highlights:

  • In February, we worried about PTLO’s valuation. A cheaper price and strong performance in new markets might be enough to own one of the best restaurant operators out there.

  • Destination XL is taking a big swing — which adds both risk and reward to the bull case.

  • Underfollowed SaaS play EngageSmart seems on track. Yet a post-earnings sell-off provides investors with another opportunity.

(A quick note: due to the Labor Day holiday in the US, this week’s deep dive will be pushed back to Tuesday, September 5. We wish our readers in the States and beyond a safe and happy holiday.)

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