Report by MYST Advisors

At MYST’s latest buyside event ideas spanned multiple sectors, with many of the long recommendations skewed towards small caps offering multi-bagger potential, driven by substantial operating leverage. These included A2Z Cust2Mate, Bed Bath & Beyond, Brookdale Senior Living, NioCorp, OptimizeRx, Vor Biopharma and Vuzix. Other notable themes included “AI Losers” such as H&R Block and Reddit; “AI Winners” including Mobileye and Spotify; lower-rate beneficiaries like Figure Technology and LendingTree; and positive management change stories such as CAE and GXO Logistics.

Report by MYST Advisors

The majority of ideas presented at MYST's latest buyside event were industrial-related, with themes including potential takeouts, SOTP simplification stories and power-related names. Stocks highlighted include:

Aptiv (APTV) - “GoodCo vs. BadCo” split to unlock hidden value of Connection Systems business. TP $125 (45% upside).
Bed Bath & Beyond (BBBY) - unappreciated assets create “zero enterprise value” amid positive FCF inflection. TP $28 (180% upside).
DuPont de Nemours (DD) - re-rating tailwinds fuelled by fundamental and technical catalysts. TP $115 (45% upside).
Idaho Strategic Resources (IDR) - enormous upside from potential US government partnership / investment.
Peloton (PTON) - new product launches + subscription price increase to accelerate turnaround.
Ralliant (RAL) - ignored "broken spin” poised for positive revision cycle. TP $60 (35% upside).

Consumer Discretionary

Report by The Retail Tracker

Bed Bath & Beyond (BBBY) - Lacked inventory, energy, and sales help. Heard story after story about disappointed college shoppers.
Torrid Holdings (CURV) - Very under the radar. Website looks amazing with denim balanced with wear to work, dates and dresses.
Ralph Lauren (RL) - Very strong all around. Polo store looks outstanding and the Polo men’s assortments at Macy’s and Bloomingdale’s fantastic. Also found the Lauren sets in apparel and handbags in Macy's significantly improved.
Capri Holdings (CPRI) - Kors has some good new styles that break out of the logo story. Stores are cleaner promotionally than they have been. Versace was still very busy and is trending.

Consumer Discretionary

Activist excitement to be short-lived this time around - Robert Sassoon deems it unlikely that a PE firm will pay a much better than MSD multiple price for BBBY which is where the shares are currently trading. Even assuming the BABY banner spin-off scenario valuing BABY at $1.5bn, Robert's SOTP comes out to no more than $27. Given the uncertainty over how impactful Ryan Cohen's intervention will be in the long-run as well as the continuing challenging environment affecting BBBY's core business, chasing the shares at these levels is fraught with risk and not justified by the potential upside.