
Robots, on-shoring and tariffs: Is Optimus primed for launch?
April 10, 2025 | Global Alpha Capital Management
While the latest tariffs are reshaping the global economy, humanoid robots are poised to play a pivotal role in the logistics sector.
Portfolios are constructed according to asymmetric, uncorrelated, economic and global market themes rather than a stock’s relative valuation within its industry sector.
We identify, through fundamental analysis, management interviews, and on-site visits, companies with features such as dominant market share, sustainable competitive advantage, and clearly defined growth strategies. We use discounted cash flow analysis to determine implied margins, capital intensity, and growth rates. Finally, we conduct an asset-based valuation analysis on each selected name.
We also identify the catalysts expected to drive realization of their true value.
From our best ideas, we build diversified portfolios of 50-70 stocks.
Positions may be sold if: a company’s market capitalization exceeds the upper limit of the benchmark; there is a change in strategy, a loss of competitive advantage or an excessive valuation; or we identify a better investment opportunity.