Hercules Capital: Big Commitments, Big Premium And Big Software Risk (Archive)
Hercules combines record growth with rich valuation and concentrated, potentially fragile software exposure.
Financials
Blue Owl Capital: The Math On What's A Fair Downside
Math suggests OWL’s >40% selloff overshoots realistic AUM and fee headwinds.
Ares Capital: I'm Not Bearish Anymore But Still Have Concerns (Archive)
Strong deal flow, AI‑exposed software book, rich relative valuation keep me Neutral/Hold on ARCC.
PayPal Just Posted Its Worst Quarter Yet, But Now It May Be At Rock Bottom (Archive)
PayPal’s capitulation sell-off and trough valuation may finally mark a durable bottom.
Berkshire Hathaway Faces Turbulence In 2026 (Archive)
GEICO’s margin squeeze, cash drag, and leadership churn could cap Berkshire’s 2026 upside.
PayPal's Branded Checkout Is Bleeding Market Share While Management Blames 'Macro' (Archive)
PayPal’s branded checkout is losing share while AI commerce upside remains early and uncertain.
Ares Capital's High Yield Looks Safe But The Stock May Still Underperform In 2026 (Archive)
High yield looks durable, but valuation and margins flag likely 2026 underperformance.