Posts
Mercado Libre (MELI): A deep dive into MELI’s credit business
Mercado Libre's credit business is talked about a lot. So we did some research and analysis. We looked at its credit portfolio composition (across product and geography), loan duration, exposure per user, funding model etc. We also benchmarked MELI's credit risk and returns, against Nubank across key metrics such as …
BGLC’s “$3.5M” CogniAI licence from RYET: 410,000 new shares worth ~$521k at today’s price, 19% dilution, and it hasn’t closed
On October 5, BioNexus Gene Lab (BGLC) signed an agreement with Ruanyun Edai Technology (RYET) for an exclusive Malaysian healthcare licence to CogniAI, RYET’s document-intelligence platform. BGLC says its first target is Malaysia’s public healthcare digitalisation programme, but it has no government contract. The $3.5 million figure in coverage describes …
Primer and Analysis of the Non-Subsidiary Dropdown
Medical Solutions: A Tiered Solution
Fair Isaac Corp ($FICO) after the collapse: the burden of proof has shifted
FICO: Part 1 - The Beginning of an Opportunity
Asia's elevator service industry
Aston Martin's Creditors Get Taken for a Ride
Reddit Inc: DCF valuation using Aswath Damodaran’s approach
Hi all, I wanted to share my detailed DCF analysis for Reddit. Our DCF derives an intrinsic equity value of **$186 per share**, representing 30% upside to Reddit’s market price of $143 as of 28 September 2026. This is based on: * Advertising revenue reaching $15.5bn by Year 10 (22% …
A fund wants Voya sold and set a no-confidence vote. It has a 6% bet but only 1.3% of the votes.
A fund called TOMS Capital wants Voya sold. It has set a "no confidence" vote on Voya's board for Nov 24. Voya calls the meeting fictitious. The stock is down about 7% since Sept 11, to around $96. Most stories stop at the vote. The fund's own filing says more …