What We Cover

Where we spend our time

A narrow beat, covered closely, rather than a wide one covered thinly.

01 / SMALL & MICRO CAP

Below the coverage line

Companies small enough that the sell side has not arrived. Public information about them is genuinely underused, which is exactly what makes them worth reading about.

02 / FOUNDER-LED

Operators with skin in the game

Businesses where the person running it built it, owns a meaningful stake, and carries the consequences of their own decisions.

03 / OVERLOOKED SECTORS

Unfashionable, not unprofitable

Industries the market has decided are boring. Durable economics often hide in exactly the places nobody wants to write a story about.

How a company earns a write-up

Most candidates never make it into an issue. The screen is the point — it is where most of the work happens, and it is what keeps the publication from becoming a list of whatever we were emailed that week.

  1. Screen. We start from public filings and disclosed leadership. Never from an inbound pitch, a promoter, or a paid list.
  2. Read. The last several annual and quarterly reports, footnotes included. Most disqualifying facts are in the footnotes.
  3. Pressure-test. We build the case against the company. Weak businesses with good stories get cut here, and many do.
  4. Publish. With the risks intact, the bear case stated, and every commercial relationship disclosed.

What each issue contains

What we do not cover

We do not do price targets, chart patterns, options strategies, private placements, or anything involving cryptocurrency. We do not run model portfolios and we do not track a record, because a publication that grades itself tends to start writing for the scoreboard.

A company appearing here is not a recommendation to buy it. We write about businesses we find interesting enough to examine. Interesting is not the same as good, and good is not the same as right for you. See our disclaimer.