Boyar Research's Jon Boyar on 2026's Forgotten 40 $UBER $BATRA

Jon Boyar of Boyar Research for an (almost) annual discussion on the “Forgotten 40” — a curated list of 40 overlooked, value-oriented stocks. Jon outlines major 2025 themes including SMID caps and financials, before diving into deep valuations and sale potential for the Atlanta Braves, plus long-term positioning of Uber in an autonomous future. They also touch on media exposure, structural incentives, and the potential for corporate activism to unlock value in overlooked names.__________________________________________________[00:00:00] Intro to podcast and guest[00:02:53] History and aim of Forgotten 40[00:04:14] Turnover and name selection for 2025[00:05:13] Key 2025 themes: SMID & financials[00:06:42] Financials overweight rationale explained[00:08:07] Braves ownership, real estate, and thesis[00:10:59] Tax code change and sale incentive[00:12:09] Valuation math for Atlanta Braves[00:15:13] Media rights and sale timing risk[00:18:00] Malone incentives and sale complications[00:22:27] MLB work stoppage risk and reward[00:25:50] Baseball trends and geographic pull[00:26:15] MSGS ownership, family dynamics[00:29:53] Generational control and liquidity questions[00:30:54] Mark Cuban sale as precedent[00:33:36] Media names: fewer included this year[00:35:11] Uber thesis: misunderstood and evolving[00:37:25] AV risk vs strategic opportunity[00:39:03] Valuation vs zero-risk scenario[00:41:01] Eats vs Dash vs Instacart[00:41:56] Consumer pushback and price sensitivity[00:45:50] Waymo or Tesla acquisition logic[00:49:17] Bonus pick: UniFirst & Cintas pursuit[00:52:05] Activism, family dynamics, and valuation[00:53:11] Wrap-up and links to Forgotten 40Links:Yet Another Value Blog - https://www.yetanothervalueblog.com See our legal disclaimer here: https://www.yetanothervalueblog.com/p/legal-and-disclaimerProduction and editing by The Podcast Consultant - https://thepodcastconsultant.com/