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    Adam Ballantyne • Gondolen Capital

    Adam Ballantyne is the Founder and General Partner at Gondolin Capital, specializing in fundamental, long-biased value investing across U.S. equities, notably in sectors including Industrials, Real Estate, Consumer Discretionary, Energy, and Technology. He has covered and invested in a diverse set of public companies with a concentrated portfolio approach aimed at outsized returns, leveraging over a decade of experience that includes ranking as a Senior Analyst at Cambiar Investors, where he has maintained a track record for high-performing ideas since 2017. Previously, Adam held roles as an Equity Research Associate at KeyBanc Capital Markets, focusing on homebuilders and building products, and at Buckingham Research Group, covering Aerospace and Defense prior to launching Gondolin Capital in 2021. He holds a BA in Economics and Political Science from the University of Michigan and retains deep sector expertise, though specific public performance rankings and securities license details are not publicly disclosed.

    Adam Ballantyne's questions to Dallasnews Corp (DALN) leadership

    Adam Ballantyne's questions to Dallasnews Corp (DALN) leadership • Q4 2024

    Question

    Adam Ballantyne of Gondolen Capital asked for the expected after-tax proceeds from the Plano property sale, the future run rate for capital expenditures, the reason for the Q4 jump in certain operating costs, and the outlook for achieving positive cash flow.

    Answer

    Executive Mary Murray estimated the net proceeds from the asset sale would be approximately $39 million after taxes and costs. She projected future annual capital expenditures would be minimal, in the range of $250,000 to $500,000 per quarter. Murray explained that Q4 expenses were higher due to costs associated with the new Carrollton facility lease, and that the expected $5 million in annualized savings would primarily impact compensation costs starting in Q2. She declined to provide specific guidance on cash flow but affirmed that achieving positive cash flow is a primary company goal.

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