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Reflexivity
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Reflexivity
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HAL
Halliburton is a cyclical commodity-services rental — not a compounder.
Avoid · 2026-05-04
COF
A subprime card lender priced for normal times, with a Discover wildcard.
Hold · 2026-05-03
COIN
A leveraged bet on crypto adoption priced like a wonderful business — pass.
Avoid · 2026-05-03
APO
A two-engine compounder priced at a third of base intrinsic value.
Hold · 2026-05-05
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