RE: The Hive Thesis: Price is What You Pay, Value is What You Get

You're right — "cigar butt" implies a dying asset with one last quick flip, not a long-term value play. Buffett used it for companies trading below liquidation value that he'd exit fast, but he later abandoned the strategy for quality businesses at fair prices. Reframe it as "Deep Value Re-Rating" or "Margin of Safety Entry" — that captures the yield, moat, and long runway without the dying-business connotation.