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52/100 Watch Corpay: A Value Investing Deep Dive An embedded B2B payments and spend-control platform with strong cash generation, but at roughly $352 it trades near 20x owner earnings, leaving too thin a margin of safety. Rating Watch: a high-quality compounder priced for near-flawless execution rather than for downside protection. Corpay, Inc.CPAY · USFinTechMay 29, 2026 49/100 Watch Rollins Deep Value Investment Research Report Rollins is the pest-control leader with exceptional business quality, recurring revenue, low capital intensity, and durable cash generation. The core thesis is that Orkin, national density, standardized operations, and disciplined acquisitions make it a rare long-term compounder, while a roughly 45x earnings multiple already prices in many years of strong growth. Rating Watch: a high-quality company, but the ideal buy range is $35 to $42. Rollins, Inc.ROL · USBusiness ServicesMay 29, 2026 43/100 Watch Williams-Sonoma: In-Depth Value Research Report A high-quality home retailer with exceptionally strong cash flow and capital returns. But at $205.6 a high-quality premium is already priced in and the margin of safety is thin, pulling the ideal buy back to $150–175. Rating Watch: an excellent business at a fair price rather than an obviously cheap one. Williams-Sonoma, Inc.WSM · USRetailMay 29, 2026 47/100 Watch W. R. Berkley Corporation Research from a Long-Term Business Owner's Perspective W. R. Berkley is a high-quality commercial P&C insurer with strong underwriting discipline and ROE above 20% for four consecutive years. The core thesis is attractive business quality, disciplined capital allocation, and durable specialty-insurance execution, offset by a 2.46x P/B valuation that already embeds a quality premium and leaves limited margin of safety. Research rating Watch: a fair buy range of USD 50-58 looks more appropriate for balanced, moderately conservative investors. W. R. Berkley CorporationWRB · USInsuranceMay 29, 2026 44/100 Watch WTW: An Investment Analysis from a Long-Term Business Owner's Perspective A global professional-services platform with solid cash flow and an above-average moat. At around $252 the stock already sits near fair value with an insufficient margin of safety, making it a good business at a reasonable price rather than an obvious bargain; the ideal buy range is $210–235. Rating: Watch. Willis Towers Watson Public Limited CompanyWTW · USInsurance BrokerageMay 29, 2026 42/100 Watch Constellation Brands Long-Term Value Research Report The leading high-end imported-beer franchise in the U.S., anchored by the Corona/Modelo moat. The moat remains strong, but beer depletions have turned negative and the margin of safety is insufficient. Rating Watch: an ideal buy price of $120–135, still below where the stock trades today. Constellation Brands, Inc.STZ · USBeveragesMay 29, 2026 39/100 Watch Regions Financial Corporation: A Long-Term Value Investment Study A regional bank with above-average operating quality and a low-cost deposit franchise at its core, but at $27.83 the stock is already close to fair value with insufficient margin of safety, warranting a Watch rating. Regions Financial CorporationRF · USCommercial BanksMay 29, 2026 33/100 Watch HP Inc.: A Value-Investing Deep Dive A mature hardware company kept afloat by its print-supplies cash cow: the valuation is undemanding but the business quality is mediocre. We assign a Watch rating, with a fair entry price of 19 to 22 dollars; at the current 24.68 dollars the margin of safety is insufficient. Rating Watch: a cheap-looking cash cow whose price still does not cover its ordinary-business flaws. HP Inc.HPQ · USConsumer ElectronicsMay 29, 2026 42/100 Watch Fox Corporation: A Deep Value Investing Analysis A news-and-sports media company with strong cash flow, heavy buybacks and a moderate moat, but its linear distribution is being eroded by streaming; at $59.23 the margin of safety is insufficient, with an ideal buy range of $50–55. Rating: Watch. Fox CorporationFOX · USMedia & EntertainmentMay 29, 2026 41/100 Watch PPG Industries: A Long-Term Owner-Perspective Investment Analysis The world's second-largest coatings company, with operations spanning architectural, performance, and industrial coatings. Rated Watch: a good company but not cheap enough, with a moat weaker than Sherwin-Williams; at the current $113 it sits above the upper end of the fair-value range, and the ideal buy is $70-80. PPG Industries, Inc.PPG · USSpecialty ChemicalsMay 29, 2026 40/100 Watch J.B. Hunt Deep Value Investment Research One of the largest ground transportation companies in North America, with intermodal plus dedicated contract services as the core profit engine. Rating: Watch — a good company at a bad price, with the current $267 implying nearly 40x owner earnings, above the optimistic range, versus an ideal buy price of $100-135. J.B. Hunt Transport Services, Inc.JBHT · USLogistics & Supply ChainMay 29, 2026 47/100 Watch In-Depth Value Analysis of Hubbell Incorporated Hubbell Incorporated is a U.S. leader in power infrastructure and electrical connections, benefiting from grid upgrades and data-center demand. The core thesis is that Hubbell is a high-quality industrial compounder with improving margins, strong cash flow, and a credible moat, while the current share price already discounts much of that strength. Research rating Watch: a good business, but the price leaves limited margin of safety, with the current price near USD 474 close to the optimistic case and an ideal buy range of USD 280-340. Hubbell IncorporatedHUBB · USPower EquipmentMay 29, 2026 46/100 Watch Expedia Group Deep Value Investment Analysis Expedia is the world's second-largest OTA platform, centered on lodging distribution with fast-growing B2B. Its valuation is below Booking and Airbnb, but its moat is weaker and real owner earnings are lower than headline FCF. Rating Watch: a reasonable fair buy range is $140 to $160, leaving the current price without enough margin of safety. Expedia Group, Inc.EXPE · USInternet PlatformsMay 29, 2026 40/100 Watch Equity Residential Deep Value Investment Research A core U.S. coastal apartment REIT with high-quality assets and steady cash flow; the AVB merger has already been announced. Rating: Watch — the current price of $66 is close to fair value with a thin margin of safety, with an ideal buy range of $56-61. Equity ResidentialEQR · USREITsMay 29, 2026 33/100 Watch Dow Inc. — A Long-Term Business Owner's Research Report A global materials and chemicals giant with packaging and polyolefins at the core of its profit; a strong cyclical with an ordinary moat that posted a net loss in 2025 and cut its dividend in half. Rating Watch: at roughly $35 today the stock sits in the upper-middle of fair value with an insufficient margin of safety, and the ideal buy range is $24-28. Dow Inc.DOW · USDiversified IndustrialsMay 29, 2026 Watch U.S. Market Close Daily | 2026-05-28 Earnings resilience and a pullback in oil prices pushed U.S. equities to fresh record highs, yet high inflation and high rates remain the chief constraints on this elevated rally. The strongest read-through is that risk appetite has broadened beyond a handful of mega-caps, with AI software, discount retail, and small caps advancing together, while valuation expansion stays capped. Rating Watch: a momentum-led uptrend worth following, but record highs alone are not a reason to chase. U.S. MarketMARKET · USUS Market Close DailyMay 28, 2026 45/100 Watch Xylem Inc.: A Deep Value Investment Study A global water-technology platform spanning the full chain of transport, metering, monitoring, and treatment. 2025 revenue of $9.035 billion and net income of $957 million; at $110 today the stock already carries a high-quality premium, with an ideal buy zone of $70-85. Rating Watch: a good company in a good industry, but not at a good-enough price. Xylem Inc.XYL · USWater UtilitiesMay 28, 2026 54/100 Watch Veeva Systems: A Deep Value Investing Study The dominant vertical SaaS provider built solely for life sciences, with 1,552 customers, FY2026 revenue of $3.195 billion, net income of $909 million, and almost no interest-bearing debt. A great business at an unremarkable price, with an ideal buy range of $125-140. Rating Watch: a high-quality compounder worth tracking closely, but today's price leaves no clear margin of safety. Veeva Systems Inc.VEEV · USSoftware & InternetMay 28, 2026 39/100 Watch FirstEnergy Value Investing Deep Dive A regulated transmission and distribution utility serving 6+ million customers. Governance repair plus a return to investment-grade credit, with a $36 billion investment plan for 2026-2030; the current forward PE of about 17x leaves limited margin of safety, and the ideal buy range is $30-35. FirstEnergy Corp.FE · USElectric UtilitiesMay 28, 2026 35/100 Watch Eversource Energy: A Long-Term Business Owner's Deep Dive New England's largest energy delivery system, a regulated electric/gas/water utility serving 4.6 million customers. Connecticut regulation, the FERC ROE dispute, and a massive capex program keep the valuation under pressure; ideal buy at $55-62. Rating Watch: a durable, defensive cash-distribution asset whose return ceiling is capped by regulators, trading near fair value with no meaningful margin of safety at the current price. Eversource EnergyES · USElectric UtilitiesMay 28, 2026 44/100 Watch Boqian New Materials: SUN-R Investment Analysis Framework Research Report China's leading high-end MLCC nickel powder maker, built on a PVD process route, industry-standard authorship, and a long-term contract with Company X. At RMB 182.45 the stock trades at a static PE of about 217x, already above the top of the SUN-R framework's optimistic range; ideal buy zone RMB 90-115. Rating: Watch. Jiangsu Boqian New Materials Co., Ltd.605376 · ShanghaiElectronic MaterialsMay 28, 2026 51/100 Watch Texas Pacific Land: A Deep Value Investment Study A West Texas surface-rights plus Permian perpetual-royalty platform, built on irreplaceable 1888 legacy assets carried at zero book value. At $406 the stock already trades above the $340 top of an optimistic valuation, with an ideal buy range of $140-220. Rating Watch: a wonderful business at a poor price, worth tracking but not buying here. Texas Pacific Land CorporationTPL · USEnergy InfrastructureMay 28, 2026 41/100 Watch PPL Corporation Deep-Value Research A pure-play U.S. regulated utility (Kentucky/Pennsylvania/Rhode Island, 3.6 million customers) with clear 2026-2029 guidance of $23 billion in capex and 6%-8% EPS growth. Around $36 the stock already sits at the upper edge of fair value, so the quality is recognized while the safety margin is thin. Rating Watch, with an ideal buy range of $29-32. PPL CorporationPPL · USElectric UtilitiesMay 28, 2026 39/100 Watch NRG Energy: A Long-Term Business Owner's Deep Dive An integrated energy platform with about 8 million customers, roughly 25GW of owned generation, and the Vivint smart-home subscription business. The LS Power consolidation doubled generation capacity but pushed leverage higher, and at around $138 the stock sits near the upper end of fair value. Rating Watch: the ideal buy range is $95-115. NRG Energy, Inc.NRG · USElectric UtilitiesMay 28, 2026