Anchoring
Tagged analyses
TTWOGreat franchises, terrible compounder economics — wait for GTA VI to clarify the math.
Too Hard · 2026-05-04
BAXA levered post-spinoff stub running on saline, hope, and bondholders' patience.
Avoid · 2026-05-03
CVSA three-headed conglomerate trading at owner-earnings parity but with no durable moat.
Avoid · 2026-05-03
HSTTrophy hotel REIT trades at a discount, but the asset class is structurally cyclical.
Hold · 2026-05-04
IRA serial bolt-on acquirer of mission-critical air compressors trading near fair value.
Hold · 2026-05-04
AMGNAmgen looks cheap on owner earnings, but Horizon-debt and patent cliffs cap conviction.
Hold · 2026-05-03
ESSIrreplaceable West Coast apartment portfolio at half of conservative intrinsic value.
Buy · 2026-05-04
LYBCyclical commodity petchem priced like a compounder; pass.
Avoid · 2026-05-04