The Bottleneck Was Never the Finding
Tenable’s $27 valuation reflects fears that AI commoditizes vulnerability scanning, while the thesis says AI increases demand for…
Tuesday, June 9
Tuesday, June 9, 2026
Everything we published on this day.
10 stories
Adobe
Adobe’s bear case is that generative AI breaks new-user habit formation, leaving its professional base sticky but aging as growth slows and…
LZ · long Legalzoom.com INC
LegalZoom trades near all-time lows as AI adoption is positioned to accelerate growth.
DOMO Capital Management, LLC on X
Kurt Wolf of $PBI. Hands down. No comparison. https://t.co/v6AKggxJD4
Single Stock Spotlight #9: Fiserv (FISV)
Fiserv trades below 7 times 2026 earnings after a 60% decline, as new management resets guidance and seeks to stabilize its banking…
PAA Research on X
@YodeLeaheyWho Sorry yes, I always think of $MS as Musk's banker. $GS will have its hands full
PAA Research on X
This infographic looks hugely bearish to me and clearly I'm not the only one seeing it that way. That bar chart in the middle looks like a disaster as does allocating 30% of this deal to retail. Being multiple times oversubscribed is not what people want to hear at this point. How many guys put in orders expecting to get one-tenth or 1-20th of their ask? If those funds get filled at higher levels, you can expect $MS to really extend its balance sheet tomorrow to prevent this from breaking issue. Maybe the book really fills in over the next 30 hours, but usually if a deal's hot you would see stronger orders at this point. The $MS equity capital markets team has a long few days ahead. $SPCX
Nat Stewart on X
For those who like micro-caps, a great writeup on $RAVE (Pizza Inn) moving from a multi-year turnaround to growth https://t.co/bvr1F6GyVg
Psyop Capital on X
$UTGN looked promising as an illiquid deep value sit with buybacks at way below IV, but this relatively recent option grant struck below NAV seems like a thesis killer. Anybody know the name well?
ADF Group Inc. ($DRX.TO) FINS Review
ADF Group’s Q1 FY2026 revenue rose 78% to $99.3 million and net income 37%, aided by the LAR acquisition despite steel and aluminum tariff…
