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Page 27 of 43 · 1027 reports
44/100
Yum! Brands: A Deep Dive from a Long-Term Business Owner's Perspective
A global, franchise-led brand platform of roughly 63,000 restaurants (KFC/Taco Bell/Pizza Hut), with 97% of stores franchised. Conservative Owner Earnings of $1.75 billion map to a neutral value range of $140-160, and today's $154 sits near the upper edge of fair value. Rating: Watch, a good business at a price that is not restrained enough.
41/100
Ventas: A Value Investing Deep Dive
A U.S. healthcare and senior housing REIT with 1,409 properties; SHOP same-store NOI grew +15.4% year over year with occupancy at 90.4%. On a conservative Owner Earnings basis the yield is only 3.4%, and the current $88.37 sits at the upper edge of the optimistic range.
40/100
PEG Long-Term Value Investment Report
New Jersey's leading regulated electric-and-gas utility, plus 3,758 MW of nuclear power capacity; conservative Owner Earnings of $1.87 billion imply roughly 21-22x OE, and the current price of $80.07 sits near the top of the fair-value range, with no clear margin of safety.
42/100
State Street Corporation: In-Depth Value Investing Research
The world's second-largest custodian bank, with AUC/A of $53.8 trillion and AUM of $5.67 trillion; conservative owner earnings of $2.7 billion imply 16-17x OE, and at the current $158.49 the stock trades at a discount to the base case but offers almost no margin of safety against the conservative case.
39/100
Kroger Deep Value Investment Research
Leading U.S. food retailer with normalized Owner Earnings of about $2.9 billion ($4.70/share); at the current price of $66.44 the stock trades at roughly 14x P/OE. Rating Watch: the moat is moderate, governance needs rebuilding after the failed Albertsons merger, and the margin of safety is not thick.
39/100
Jabil Inc.: An In-Depth Value Investing Analysis
A global EMS leader riding the AI/cloud infrastructure boom, with FY2026 Cloud & Data Center revenue guided up 41% year over year. At the current price of $380.25, the stock trades at about 51x trailing PE with an Owner Earnings yield of only 3.0%-3.6%, below the 10-year Treasury yield. Rating Watch: a strong operator in a thin-margin industry, priced with no margin of safety.
50/100
MSCI Investment Research Report
MSCI is a global oligopoly in indexes and investment analytics, with a 2025 Index segment EBITDA margin of 76%. At $588.52, roughly 30x P/FCF and 3.2x EBITDA leverage, the ideal buy range is $380-440 and the margin of safety for new capital is thin. Research rating Watch: a high-quality compounder, but the current price already asks for a lot of future growth.
43/100
The Hershey Company: A Deep-Dive Value Investing Study
North America's chocolate and confectionery leader, with deep brands and strong pricing power, yet at $191.12 the stock already sits in the neutral-to-optimistic range. A conservative Owner Earnings yield of 4.6% offers only a thin risk premium over the 4.56% 10-year Treasury, so the margin of safety is inadequate. Rating: Watch.
35/100
Consolidated Edison: A Long-Term Business Owner's View
The leading regulated electric, gas, and steam utility serving the New York metro area, with a sturdy franchise and a deep moat, yet at the current 107.70 dollars the stock already sits near the top of its fair-value range; a 3.3% dividend yield trailing the 4.56% 10-year Treasury leaves little visible margin of safety. Rating Watch: a high-quality but capital-intensive city utility whose returns are capped by regulation, where today's price looks holdable rather than a deeply undervalued bargain.
44/100
Wabtec: A Long-Term Business-Owner's Analysis
A rail-equipment, aftermarket, and digital platform business built on an installed base of ~24,600 locomotives; operating margin rose from 9.9% in 2020 to 16.1% in 2025, but at about $201 and roughly 28.5x PE the stock already pays a premium for quality. Rating: Watch.
42/100
onsemi: A Research Report Through the Lens of a Long-Term Business Owner
A power/analog/intelligent-sensing semiconductor maker with SiC vertical integration and automotive/industrial exposure; the 2025 cyclical trough has already appeared, but at today's $127 — roughly 55x conservative Owner Earnings — the recovery is already fully priced in. Rating Watch: the quality is worth tracking, but a new purchase lacks a margin of safety at this price.
43/100
HPE: An Investment Analysis Through a Long-Term Business Owner's Lens
A hybrid of servers, storage, networking, and financial services; the Juniper acquisition strengthens networking, but a $1.621 billion impairment plus $29.9 billion of goodwill/intangibles exceeding shareholder equity leaves the $38.35 price already near the top of the optimistic range.
47/100
Garmin Ltd. Deep Value Investment Research
Garmin is a multi-category professional hardware platform spanning Fitness, Outdoor, Marine, Aviation, and Auto OEM, backed by zero long-term debt and $4.1 billion of net cash. The core thesis is that the business is high quality, cash-generative, and conservatively run, but the current price of $238.53, at roughly 27x P/E, already discounts much of that quality. Research rating Watch: a durable compounder worth tracking closely, but not a clear value opportunity at today's price.
39/100
Fifth Third Bancorp: A Long-Term Business Owner's Perspective
The 9th-largest U.S. bank after its Comerica merger, with commercial payments and wealth management outperforming a typical rate-spread regional lender. At about $49.5 per share (roughly 1.4x P/B, 2.2x P/TBV), the price already front-loads merger synergies that have not yet been proven. Rating Watch: a solid bank, but not one priced with much room for error.
48/100
Edwards Lifesciences In-Depth Value Research
Edwards Lifesciences is a focused structural-heart device platform built around TAVR and TMTT, with long-term gross margins above 80% and a net-cash balance sheet. The core thesis is positive on business quality but cautious on price, because PE of 46.6x and P/FCF of 38x already discount many years of strong execution. Research rating Watch: a high-quality compounder worth close tracking, but not yet offering enough margin of safety.
43/100
Delta Air Lines: A Deep-Dive Value Investing Analysis
One of the highest-quality legacy U.S. carriers, built into the 'top student in a bad industry' through premium cabins, SkyMiles, and the American Express co-brand card. Its core weakness is the industry itself, where long-run ROIC sits below the cost of capital, so quality does not equal safety. At roughly $79.39 the stock trades near the upper end of fair value with a thin margin of safety — Rating: Watch.
45/100
Rockwell Automation: An In-Depth Value Investing Analysis
North American industrial automation leader whose Software & Control segment is 29% of revenue yet contributes 42% of operating profit. At around $434 the stock sits well above the top of its fair-value range, with an ideal buy zone of $210-260. Rating Watch: a high-quality business, but today's price pays too much for it.
42/100
Realty Income: A Deep Value-Investing Study
The world's sixth-largest REIT, with 15,571 properties and a 98.9% occupancy rate. At roughly $62 the stock sits in the upper-middle of its fair-value range, above the $48-55 ideal buy zone; quality is high but the margin of safety is thin. Rating Watch: the issue is not the company's quality but its price.
41/100
Nucor Corporation Investment Research Report
U.S. electric-arc-furnace steel leader; Q1 2026 net income attributable to shareholders rebounded to $743 million; at $240 the stock is already near the optimistic range, with an ideal buy at $140–175; a good company in a bad industry.
50/100
Nasdaq Investment Memo
Nasdaq has evolved from an exchange into a three-layer platform spanning infrastructure, indexes, and regulatory software. Net revenue reached $5.2 billion in 2025, with Solutions contributing 76%, while the current price near $91 sits in the upper half of fair value and the ideal buy range is $65-75. Rating Watch: a high-quality compounder, but not yet cheap enough.
41/100
Entergy: A Research Report Through a Long-Term Corporate Owner's Lens
A vertically integrated utility across four Southern U.S. states, with a 2026-2029 capital plan of $57 billion and adjusted EPS guidance of $4.25-4.45; at $112 the stock sits at the upper edge of fair value and the middle of the optimistic range, leaving no obvious margin of safety. Rating: Watch.
42/100
eBay as a Long-Term Business Asset: A Value Analysis
A mature marketplace with 2025 net revenue of $11.1 billion and double-digit GMV and revenue growth in Q1 2026. A good company, but at $115 the stock sits at the upper edge of the optimistic range; the ideal buy zone is $50-65. Rating: Watch.
46/100
Teradyne Deep Value Investment Analysis
Teradyne is a semiconductor ATE duopoly player that, together with Advantest, controls roughly 80% of the market. The core thesis is that the semiconductor test business is high quality, but the $389 share price already embeds too much AI optimism and a P/E of 72x, while the ideal buy range is 90-130. Research rating Watch: a strong business with insufficient margin of safety at the current price.
47/100
TE Connectivity Deep Value Investment Analysis
TE Connectivity is a global leader in connectors and sensors, with Transportation at 54% of revenue and Industrial at 46%. The core thesis is that $208 sits above conservative value, while the ideal buy range is $165-185, making this a high-quality asset at a fair-to-full price. Rating Watch: a durable industrial compounder, but the current margin of safety is not yet compelling.