Equity research, held accountable
Every pitch timestamped. Every call tracked.
Structured stock theses with the reasoning shown in full: situation, complication, numbered thesis pillars, MECE risk trees, comparable multiples, and an interactive DCF. Once published, a pitch is never edited retroactively; performance against SPY updates live from the pitch date.
Pitches
A membership annuity mispriced as a retailer: renewal economics, untapped fee power, and e-commerce mix shift support durable double-digit earnings growth.
An AI toll-road hiding inside a software annuity: Azure share gains and Copilot upsell monetize the AI capex the market treats as a leak.
A toll on the disappearance of cash: an asset-light network that earns a fee on every transaction and takes none of the credit risk.
The widest moat in tech — Search, YouTube, and a now-profitable cloud — compounding through the AI transition, with Waymo and DeepMind as free options on top.
The one company AI cannot be built without: the sole supplier of the EUV lithography that every leading-edge chip requires, with a decade-plus moat and an installed-base annuity.
Selling the decade's biggest new drug market at a widening lead — the obesity TAM is early, under-penetrated, and Lilly's pipeline extends the moat.
Hermès with an engine: Ferrari caps production below demand and sells scarcity, earning luxury-goods economics the market still half-prices as an automaker.