Optimist LP Fund and Optimist Trust Fund, managed by BloombergSen Inc. on First Advantage Corporation

First Advantage delivered 9% organic revenue growth, 14% EBITDA growth, and 52% adjusted earnings-per-share growth year over year, all above expectations. Management reiterated full-year guidance, reinforcing Optimist’s view that the operating trajectory remains intact despite the stock’s rebound from its lows. The fund believes the business can be worth at least $80 per share in five years.