Posts
Fable in Shackles
On United Parks and Resorts
Built a cannibal screen using 16 years of SEC XBRL data: true FCF yield above 8% plus net buyback yield above 5%. Here's what came out and why I think Adobe's freemium data moat is being completely misread.
I run a screener built on raw SEC XBRL filings with 1,600 tickers, 16 years of data, true FCF defined as operating cash flow minus CapEx minus stock-based compensation. I recently added a cannibal screen: net buyback yield above 5% (previous diluted shares minus current diluted shares, divided by previous) …
Yes, INTC Should Raise Equity
AI & Investment Research
Way too often, I am seeing instances of analysts leveraging AI in investment research the wrong way. Yes, it is still early, and many are still learning to use it properly, but we should at the very least understand the following: 1. Claude is unlikely to generate a durable edge …
Brazilian microcap deep value
Special Situations tool for US markets
I built a free Live Feed of US special situations as part of Special Situations Digest. Real-time SEC filings, filtered down to the events that actually matter: activist stakes, going-private deals, tender offers, spin-offs, strategic reviews, restructurings, capital returns. No signup, no paywall. Check it out: [specialsitsdigest.com/live-feed](http://specialsitsdigest.com/live-feed)
Return the Dividend
I believe that there's a compelling case to be made that if companies like Adobe or Paypal were to switch to dividends, away from buybacks, their stock prices would benefit. This has to do with the terminal nature of buybacks. Making the switch to dividends lowers the duration of the …
Mispriced Stocks & Pitching Stocks
[https://substack.com/home/post/p-192858879](https://substack.com/home/post/p-192858879) Any criticism here is appreciated. I hope it provides insight for anyone looking to start a career in public equities.