LandBridge: I'd Love To Buy, But I Don't Like The Valuation (Archive, Full Access)
LandBridge’s water-royalty and data-center upside is compelling, but valuation is too rich.
Vish (Hunting Alphas)
Trinity Capital Deserves To Be A BDC Favorite (Archive)
TRIN pairs strong funding momentum with rate upside and accretive NAV growth.
Ares Capital: Hold As Portfolio Growth Momentum Fades (Archive)
ARCC’s reasonable valuation offsets slowing portfolio growth and rising credit-risk signals.
Sivers Semiconductors: Too Risky For Both Sells And Buys (Archive)
Sivers’ pipeline and balance sheet improved, but execution, cash burn, and valuation remain unresolved.
Bloom Energy: Why I'm More Bullish Than Wall Street (Archive)
Bloom Energy is positioned to benefit from surging AI data center power demand through 2030.
Nebius Stock Is Actually Cheap (Archive, Full Access)
Nebius signs billion-dollar AI-cloud deals with premium pricing and heavy customer prepayments.
Hercules Capital: Why It Deserves A Premium To NAV Valuation (Archive)
Hercules Capital deserves a premium to NAV due to superior returns, low costs, and strong biotech exposure.