All Research
A complete archive of long and short equity ideas, each grounded in fundamental analysis, rigorous valuation, and a clearly articulated variant view.
6 ideas
NVIDIA Corporation
Dominant AI infrastructure positioning with durable pricing power and a widening software moat through CUDA that competitors cannot replicate in the medium term.
MercadoLibre
Latin America's dominant e-commerce and fintech platform with a compounding flywheel that is structurally undervalued relative to its long-term earnings power.
Peloton Interactive
Structurally impaired business model with declining subscriber retention, rising churn, and a cost structure that cannot be rightsized without destroying the product experience.
Toll Brothers
Premium homebuilder trading at a significant discount to intrinsic value despite a structurally undersupplied luxury housing market and best-in-class return on equity.
Uber Technologies
Network effects and category leadership in ride-sharing and delivery are finally translating into durable free cash flow generation, with the market still underpricing the earnings power.
Shopify Inc.
Valuation disconnected from fundamentals as merchant growth decelerates, take-rate expansion faces structural limits, and the competitive moat is narrower than the market assumes.