Moat Erosion

Tagged analyses

depth score: 0

FFIVF5 is a fair business at a fair price during a risky platform transition.

Hold · 2026-05-04

PCGCalifornia's regulated monopoly with negative owner earnings and a wildfire option strapped to it.

Too Hard · 2026-05-04

CHTRCharter trades at 13% of base intrinsic value despite durable broadband moat.

Buy · 2026-05-03

CHRWA trough-cycle freight broker priced for a recovery that AI may steal.

Hold · 2026-05-03

CATGreat franchise, wrong price — Caterpillar trades at 1.8x even our high IV.

Trim · 2026-05-03

JNJToo Hard: pharma cliff, talc tail, and a ROIC that collapsed to zero.

Too Hard · 2026-05-03

EPAMHigh-quality engineering shop on sale, but the customer is rebuilding the engine in flight.

Hold · 2026-05-04

LLYGreat medicine, fragile math: at $963 we are paying nine times intrinsic value.

Too Hard · 2026-05-03

EQTLowest-cost Marcellus gas at 63% of base IV is interesting, not obvious.

Hold · 2026-05-04

INTCIntel is a turnaround bet on physics and policy, not a compounder.

Too Hard · 2026-05-03

BIIBCheap-looking biotech with a melting franchise; the price is the only good thing.

Hold · 2026-05-03

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