Updates For Enviri, B&W, and CarMax

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

💡 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.