Alpha Met Site Visit & Management Meeting

My thoughts on management & how I see an investment in AMR playing out

I’ll start off by saying that had I known Alpha’s CEO Andy Eidson was a reader of this substack, I would’ve definitely owned some AMR shares going in to this meeting… he sure did call me out on it!

The management team at Alpha deserves commendation for their transparency and genuine interest in hearing investors' perspectives regarding their stock. Spending most of the day with them was a pleasure, and as I got to know them better they really seem like good people, the type you could trust your kids, and your money with.

You can say that perhaps I drank the Cool-Aid yesterday driving around Southern West Virginia with Andy and the maverick team of MinTwit heavy hitters, led by the Koala, but I’d like to clarify for the record that I’ve been on the Alpha Train since the bottom of this cycle. I bought AMR at $4.93 in early October 2020 and sold it (like an idiot) in January at $11.38 - thinking I was a genius. After that I mostly played the AMR rally with options and warrants. You can see all of the related trades I’ve made since starting this substack in July of 2021, below:

The lone time I bet against them I was actually just hedging an enormous and illiquid warrant position going into an earnings announcement - and the hedge went to zero. Lesson learned.

In the sections below, I’ll give a quick overview of Alpha’s management team and then attempt to describe how I see this situation playing out over the next few years. Oh, and did I mention a helicopter ride?