Browse Write-ups

Deep Dive

Jun 10, 2026

Eggs Are Cheap Again

5x earnings, a 14.6% distribution yield, and net cash worth a third of the market cap. But each one leans on a bird-flu spike that's reversing

Special Situation

Jun 7, 2026

$50B Roll-Up Led by 200x Operator

QXO loses money, dilutes every quarter, and just levered up for a $17B acquisition. It might still be the best operator bet on the market

Portfolio Update

Jun 3, 2026

Boost Run's Q1 2026

Q1 revenue came in a third short of plan, but the contracted backlog hit ~$1.45B and the ARR target rose to $400M. From here, it's all deployment

Deep Dive

Jun 2, 2026

Toast on Sale?

The restaurant operating system is more profitable than ever and pushing into enterprise, retail, and AI agents, but a consumer pullback, rising memory-chip costs, and tougher competition have halved its multiple

Deep Dive

May 29, 2026

Pure-Play Below NVIDIA

Ambarella owns the edge AI layer NVIDIA doesn't touch and just turned profitable. The new $800M Hanwha LTA and 15+ robotics design wins (including humanoids) are still ahead

Special Situation

May 24, 2026

Solar Microcap AI Power Pivot

PowerBank's history is ugly and it operates just 35 MW of solar today, but its sites, permitting relationships, and a recent LOI open a real path into the AI buildout's bottleneck: power delivery

Deep Dive

May 20, 2026

Doximity's Growth Reset

Record FY26 revenue, free cash flow, and engagement, but a FY27 guide that cut growth from 13% to 4% and a ~64% stock drop. AI Search monetization is management's answer

Portfolio Update

May 17, 2026

BRUN, DGXX, & AI Infra Comps Analysis

Boost Run's share structure post-merger, DigiPowerX's Q1 earnings and Cerebras IPO read-through, plus a comps valuation across 10 AI infrastructure operators

Deep Dive

May 14, 2026

Root's Turnaround Story

Record $36M net income and 47% ROE drive a first-ever buyback, but underlying combined ratios lag peers as premium book growth slowed to 2% y/y from 23%