Louis Camhi presents an ORIGINal investment thesis $ORGN

Yet Another Value Podcast

Louis Camhi, a private investor, discusses his thesis for Origin Materials (ORGN). Origin is a recent deSPAC that has seen a brutal sell off, but Louis thinks the company represents a hyper skewed risk reward, albeit one with a VC style downside (i.e. if it doesn't work out, they'll be worth basically nothing). Louis breaks down what Origin does, why he's so confident that they can build their plans on time and on budget, the demand he sees for their products, and a bunch of other pieces of the Origin thesis.
Louis's twitter handle: https://twitter.com/valwithcatalyst
Chapters
0:00 Intro
1:25 Origin overview
4:05 How Origin's product is carbon negative
6:10 Discussing Origin's SPAC sponsor credentials
9:10 Why were these the right sponsors to take Origin public?
11:25 Timeline for Origin to get to revenue and scale up
14:45 Origin 1 and 2 cost and backlog strength
18:40 Could Origin's backlog be impacted by construction delays?
20:30 How unique is Origin's process and technology
25:40 Discussing Origin's cost and if this can work without getting an "ESG" premium price
27:50 Construction cost risk
32:25 Various upside and downside risks
35:00 Origin's financing plans
39:40 Origin's long term margin outlook
41:25 Why didn't the SPAC sponsors put equity into the deal?
46:25 Comping Origin to other peak SPACmania buzzy deals
55:00 What other deSPACs are catching Louis's eye
58:20 Quick Katapult and Ironsource mention
1:00:35 A little longer ALIT mention