Jun 9, 2026
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13 min read
A B2B cloud thesis from a research letter that does not autopilot its verdicts
Jun 4, 2026
4 min read
Four specialists analyzed Lowe's moat, crisis severity, and valuation. Here is the council's verdict.
9 min read
The stock is priced for a housing recovery that hasn't started. The customers are priced for a service level that hasn't arrived. The $8.8 billion bet in between is the trade.
Four specialists weigh in on whether Constellation Brands is a buy at trough multiples
11 min read
Constellation Brands owns the most valuable beer portfolio in America. The border is the only thing standing between the stock and a recovery. The gap between those two facts is the trade.
5 min read
The council voted BUY with medium conviction. Moat intact, crisis perceived-only, valuation reasonable.
12 min read
Shopify is rated 4.7 stars by the people who build on it and 1.3 stars by the people who buy from it. The 76.8-point gap between those two numbers is the trade.
6 min read
The council voted BUY with medium conviction. Moat intact, crisis real but fixable, management battle-tested, valuation reasonable.
The product they built works. The institution they're becoming doesn't trust its own customers. The gap between them is the trade.
Wall Street says AI agents will kill enterprise software. ServiceNow says it is the operating system those agents run on. At $127, only one can be right.
Jun 3, 2026
The moat is intact. The price is cheap. The council says: not yet.
10 min read
Workday is rated 4.5 stars by the people who buy it and 1.1 stars by the people who use it. The 83-point gap between those two audiences is the entire trade.
7 min read
G2 says 4.5. Trustpilot says 1.4. The stock says $53. Tomorrow's earnings will tell us which rating matters.
PayPal's moat is eroding. The price is cheap. The council says: not yet.
PayPal's checkout button has 4.8 stars. PayPal's customer service has 1.3. The 3.5-point gap between them is the trade.
The most hated software in technology runs 40% of the world's engineering teams. The gap between hatred and dominance is the trade.
BUY at MEDIUM conviction — moat intact, crisis perceived-only, valuation reasonable
The S&P 500's newest blue chip has an F-rated customer experience. 88% of Trustpilot reviews cluster at the extremes. The vault works. The voicemail doesn't.
Intuit charges $162 to file your taxes. Goldman Sachs says AI can do it for twelve cents. The question is which number wins.
STRONG_BUY at HIGH conviction — moat intact, crisis perceived-only, valuation cheap
8 min read
Two ratings. Same company. The stock is down 38% because the market cannot tell them apart.
Jun 2, 2026
BUY at HIGH conviction — moat intact, crisis perceived-only, valuation reasonable
