Incentive Caused Bias

Tagged analyses

depth score: 0

TMUSA scaled wireless oligopolist trading at a credible discount, but capex math is fragile.

Hold · 2026-05-04

FEFirstEnergy is an average regulated utility trading at twice fair value.

Avoid · 2026-05-04

SCHWScaled brokerage with deposit-funded float, trading near intrinsic value with limited margin of safety.

Hold · 2026-05-04

NOCA regulated cost-plus arsenal at fair price, not a great compounder.

Hold · 2026-05-04

AIGAIG is a turnaround P&C insurer; pay book value, not a premium.

Hold · 2026-05-03

JA focused infrastructure consultancy at a fair price, not a screaming bargain.

Hold · 2026-05-04

UNHCheap on paper, but regulatory fog and a leadership shock push UNH into the too-hard pile.

Too Hard · 2026-05-03

HIGA disciplined mid-tier P&C underwriter selling near book — fair, not a steal.

Hold · 2026-05-04

CORToll bridge on America's drug supply, priced today like a SaaS company.

Hold · 2026-05-03

GDFour good businesses bolted together at a fair price, not a great one.

Hold · 2026-05-04

MKLA disciplined Berkshire-mini trading near book — a buyable, knowable compounder.

Buy · 2026-05-03

BABoeing is a duopoly franchise being run as a cash-burning wreck.

Avoid · 2026-05-03

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