$CODA

Does he own it?

No first-person buy/hold/add/size language anywhere. CODA always appears in thematic basket lists. The detailed deep-dive is framed as shared research ("my thoughts, in case helpful"), i.e. coverage. In a parallel bottleneck list he explicitly says he chose AXTI and LPTH instead, implying CODA was researched but not bought. No weight disclosed.

His thesis

Coda Octopus is pitched as a near pure-play on the Iran/Strait of Hormuz sea-mine catalyst: its real-time volumetric 3D/4D/5D sonar maps mines in murky water, plus a diver-augmented display ordered by special warfare and a perception sensor for unmanned underwater vehicles. He stresses excellent fundamentals independent of the catalyst: ~$28.7M cash, zero long-term debt, ~66.5% gross margins, ~$26.6M revenue up ~31% YoY, and rare profitability. The mine event is seen less as TAM expansion than as a signal that warfare is shifting underwater, driving sector inflows and contract opportunities.

How his view evolved

First appears as one entry in a broad bottleneck list (he picks others). Re-emerges weeks later as a favored underwater-defense play on the Hormuz mining news, getting a detailed bullish writeup, then continued mentions as media attention grows. Interest intensified but stayed coverage.

Key points

• Framed as researched pick / shared thesis, never a disclosed position
• Treated as a pure-play on the Iran sea-mine catalyst with strong standalone fundamentals
• Always grouped with peer tickers; in a similar list he chose AXTI/LPTH instead

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $CODA on X ↗