Overlooked Alpha

Overlooked Alpha

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Overlooked Alpha
Overlooked Alpha
Updates For Enviri, B&W, and CarMax

Updates For Enviri, B&W, and CarMax

Circling back on three past ideas — including one still-strong buy

Overlooked Alpha
Sep 11, 2024
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Overlooked Alpha
Overlooked Alpha
Updates For Enviri, B&W, and CarMax
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💡 Highlights:

  • Enviri (NVRI) has gained 18% since our call in March. News since (mostly) confirms the bull case.

  • Babcock & Wilcox (BW) has been caught up in drama elsewhere. Down 76%, there’s still hope — but perhaps too much risk.

  • CarMax (KMX) has been a winner on an absolute basis, but relative underperformance has lasted a decade. That looks like a significant concern going forward.

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