Analysis and Commentary
An independent investor’s view beneath the surface of financial statements, macroeconomics, and geopolitics. No market noise or fast stock tips. Only deep analysis and context with a clear timestamp.
CBRE looks cheap. Why I still didn’t buy it
CBRE is down a quarter in a year and beat estimates. I built a model and still didn't buy. The Q4 guidance, cash flow...
Brazil just had its worst day in six years....
Brazil's stock market fell 13.9% on Monday. In 2002 the Lula panic came months before the vote. What is different now, and what I...
Ralph Lauren is a better company than ever. The...
A friend I invest with sent me a tip a few days ago: Ralph Lauren. I have never owned the stock, so I went...
Gold has overtaken US Treasuries. Central banks actually bought...
In June the European Central Bank published a number that went around the financial news. At the end of 2025, gold made up 27%...
JD.com looks like a pile of cash with a...
Under one of the JD.com articles on Seeking Alpha, a reader recently left a comment that sums up how much of the market sees...
The worst case has lasted six months. Oil is...
In mid-March 2026, the Strait of Hormuz had been shut for two weeks and Brent traded above $106. FGE was talking about a $150–200...
BioMarin bought growth. You won’t find it in the...
BioMarin’s second quarter sent the stock up 16% in three trading days. Revenue rose a fifth to $990 million, earnings beat expectations by a...
Zeta raised guidance for the twentieth time and nobody...
Zeta Global reported its twentieth consecutive quarter of beating its own guidance and raising it. Revenue grew 44% to $443 million, the company again...