Swen Lorenz, founder of https://www.undervalued-shares.com, discusses his thesis on IWG. IWG owns a variety of co-working brands that compete with WeWork, and Swen believes IWG's scale, cheap valuation, and variety of catalysts makes them a terrific value investment.Note: We had some connectivity issues on Swen's side during the podcast; I tried to edit the best I could but ultimately it was either release as is or not at all! Hopefully it's not too much of a bother!My IWG Notes: https://twitter.com/AndrewRangeley/status/1509521982953558024?s=20&t=qUBbtL3_y1G8geiQ4tIFdAChapters0:00 Intro1:15 IWG Overview3:00 IWG versus WeWork6:00 IWG's scale11:00 How valuable is a network for co-work spaces?16:20 Why does IWG's multi-brand model make more sense than WeWork's one brand?18:55 IWG's burgeoning franchise model25:20 The recovery from COVID29:00 IWG's pandemic performance33:00 IWG's growth plans36:00 IWG's tech acquisition and spin off plans41:30 Why has IWG been hit so much harder than office-space peers?