How Value Investors Can Find Hidden Asset Plays in 2026

In this episode of The Value Investing Podcast, Lucas and Luna explore how value investors can uncover hidden asset plays in today's market, using the recent SpaceX IPO as a case study. They discuss the structural underpricing of spin-offs, tracking stocks, and complex corporate structures, drawing on examples like the 2021 Coinbase direct listing and the 2015 GoDaddy IPO. With the Russell 2000 up 2.7% in the last five days and the S&P 500 at 7,554, they argue that small-cap and special-situation stocks offer rich opportunities for patient investors. The conversation also touches on how to evaluate stub value and sum-of-the-parts discounts using the Graham-and-Dodd framework. #ValueInvesting #HiddenAssetPlays #SpaceXIPO #SpinOffs #TrackingStocks #BenjaminGraham #WarrenBuffett #SumOfTheParts #SmallCap #Russell2000 #SpecialSituations #StubValue #DirectListing #Coinbase #GoDaddy #IWD #BusinessPodcast #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo