Pershing Square Challenge 2024 winning team shares pitch on Valvoline $VVV

Yet Another Value Podcast

The team that won the Pershing Square Challenge, Garrett Wallis, Jared Duda and Joseph Montgomery Ferguson, joins the podcast to discuss their winning pitch on Valvoline Inc. (NYSE: VVV).

You can find their winning pitch deck here: https://1drv.ms/b/c/b9a8675d1ef0d212/EUgO7sJJKoBBsx151i7xfvkBuTziYI94y8VF02bdym1WmA?e=21DQAc Chapters:

[0:00] Introduction + Episode sponsor: Fundamental Edge

[1:49] Backgrounds on team that won the Pershing Square Challenge

[3:13] Valvoline Inc. $VVV pitch

[8:57] Store density / DIY customer share

[13:33] $VVV pitch cont'd

[28:26] AutoZone comparison / Franchise model

[35:35] Shift to EV, risks to $VVV?

[39:13] Consumer behavior / why franchisee wants to work with $VVV

[46:47] $VVV bear case / same store sales growth

[57:10] $VVV - variant view that generates alpha

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