Saturday, October 3, 2026

EXCLUSIVE: Lennar’s Big New Customer Is Its Own Spinoff, Millrose

Lennar is selling homes to former spinoff Millrose, whose revenue largely comes from Lennar and whose largest voting shareholder is Lennar’s CEO.

LEN $18B

Hunterbrook Oct 2 2 clicks

Oct 2 NKE $51B

Nike: The Defense Holds, the Offense Is Unproven

Latticework by MOI Global 2 clicks

Oct 2 NKE $51B

Nike, Part Two: The Deep Dive

Latticework by MOI Global 1 click

From X

@finphysnerd Oct 3 2 clicks

Myles on X

Adding long exposure (through $IWM and $RSP mainly) makes me feel sick, which backs up my belief that the timing is good to add long exposure.

@TidefallCapital Oct 3 2 clicks

Trevor Scott on X

@TSOH_Investing this is what $nke tried to do unsuccessfully

@TidefallCapital Oct 3 3 clicks

Trevor Scott on X

@realroseceline Kind of crazy that $APP was at a quarter trillion market cap

@leevalueroach Oct 3 3 clicks

Lee Roach on X

You can't find the Switch Two Zelda Edition anywhere. It is sold out at GameStop $GME. This 40th Anniversary game for Ocarina of Time is going to sell so much hardware and accessories. And then you have GTA 6 coming out too. Insiders at GameStop are loading up on shares like crazy. They see internal sales and how much money they are about to print.

@TidefallCapital Oct 3 1 click

Trevor Scott on X

$LULU peaked at 14x EV/S and 82x NTM PE in 2020. $NKE EBITDA margin has collapsed from 18% in 2021 to 10.7% today. https://t.co/qF1yYC18dz

@MaiusPartners Oct 2 1 click

Maius on X

Some $PSIX thoughts off the recent 8-K: The banking syndicate lifted committed capacity from $135m to $220m (+$85m), cut the SOFR margin from +2.60% to +1.80%, and pushed maturity from July 2027 to September 2029 (~26 months). Credit committees are structurally risk-averse. More exposure, less spread, and longer tenor only clears if they like the repayment case. So what are they underwriting that most equity investors still won’t touch? Two things the disclosures imply: 1) Weichai’s North American strategy is locked in. Change-of-control remains tied to Weichai keeping board control and ≥40% ownership (same economic threshold as before). The extension removes left-tail risk that Weichai pursues a different go-to-market path. 2) The extra capacity isn’t for today’s balance sheet. Net debt was essentially zero at Q2’26 (cash ~$70m, debt ~$73m). The new investor materials flag Prime Power as a deliverable for the first time—ranges that overlap $INIO’s data-center gas engines, a segment where $INIO recently highlighted as an area "Chinese players have historically struggled to break in" and hence command "100% market share in several datacenter power ranges". As Bezos put it: your margin is my opportunity. Have a great weekend, everybody!

@ACapitalLP Oct 2

A Capital on X

@GuptaSach1988 I was thinking ~0.55 $SPCX shares short per $ECHO share long, roughly the tax-adjusted look-through ratio...

@leevalueroach Oct 2 2 clicks

Lee Roach on X

Ryan Cohen just bought another $17 million of $GME. Wall Street is completely unaware and brain dead here. https://t.co/sy5wCrmcKN

Nike, Part One: The Story

Nike grew from a $1,000 shoe-distribution venture in 1964 into the largest sports brand, using athlete endorsements, product innovation and…

NKE $51B

Latticework by MOI Global Oct 2 2 clicks

Rocket Lab (NASDAQ: RKLB) Stock Rating: Accumulate After Q2 FY12/26 Earnings

Rocket Lab reported Q2 revenue up 62% to $234.1 million and backlog up 137% to $2.36 billion, while operating losses and cash burn…

RKLB $40B

Cestrian Capital Research Oct 2

Twilio (NYSE: TWLO) Stock Rating: Hold After Q2 FY12/26 Earnings - Distribute Below $260

Twilio posted Q2 revenue of $1.50 billion, up 22%, and guided 16% Q3 growth; the note rates TWLO Hold at $305, with a $260 risk line.

TWLO $42B

Cestrian Capital Research Oct 1 1 click

Why Muse May Never Need Ads

Muse could sidestep ads by becoming a neutral commerce agent, while DoorDash and Airbnb build proprietary agents that steer users toward…

DASH $83BABNB $99B

MBI Deep Dives Oct 1

Chipotle: Takeover Talk Aside, The Margin Math Is Why I Still Say Buy

Chipotle's Q2 revenue rose 9.3% as traffic and market share grew; the case rests on pricing catching inflation to restore margins.

CMG $39B

The Alpha Analyst Oct 1

Autodesk (NASDAQ: ADSK) Stock Rating: Accumulate After Q2 FY1/27 Earnings - New Rating Bands, Stop And Price Targets Inside

Autodesk reported Q2 revenue growth of 16% to $2.05 billion, while RPO growth slowed to 2%; FY2027 guidance calls for $8.30 billion to…

ADSK $49B

Cestrian Capital Research Oct 1

HOOY: A Hold For The YieldMax HOOD Option Income Strategy ETF

YieldMax HOOD Option Income Strategy ETF pays high weekly income from Robinhood volatility, but return-of-capital distributions and a 0.99%…

HOOD $98B

Ivan Gaddari Oct 1

[ROL – Rollins] The exterminator’s dilemma

Rollins’ shares have fallen more than 50% from their peak, resetting valuation as route density, reliable service and pricing support…

ROL $16B

scuttleblurb Oct 1 1 click

HubSpot Valuation: SaaS-Pocalypse Discount And DCF Imply More Upside

HubSpot trades at 18.4x forward earnings and 3x sales after the SaaS selloff; a DCF using 22% FCF growth values shares at $302.66.

HUBS $12B

Bishop Research and Analytics Oct 1 2 clicks

Deckers (DECK): From Clown Shoes To Compounder

Deckers built HOKA into a brand nearing UGG’s scale, with HOKA revenue up about fivefold since FY21.

DECK $11B

TSOH Investment Research Oct 1 1 click

ADBE · long

Adobe INC

Adobe's dual network effects and platform entrenchment make AI fears a buying opportunity for the software compounder.

ADBE $90B

Value Investors Club May 21 1 click

Three Tempting Ideas with Major Caveats

Molson Coors trades at 6.2x free cash flow and offers a roughly 15% shareholder yield, but declining beer volumes could make it a value…

DPZ $10B

Eagle Point Capital Jul 11

The King Bleeds, Long Live The King

Nvidia's Groq deal responded to OpenAI's Cerebras inference partnership, preserving its AI-chip lead through supply-chain control and rapid…

CBRS $39B

Irrational Analysis Jul 11

MercadoLibre: Valuation Model

MercadoLibre’s sum-of-the-parts model values commerce and payments on FCFF, credit on equity returns, producing a $1,980 base-case target…

MELI $94B

Hated Moats Jul 10

U-Haul Bought at the Top

U-Haul’s pandemic-era fleet purchases at inflated prices now drive higher depreciation and disposal losses as truck and van prices…

UHAL $11B

scuttleblurb Jul 10 2 clicks

Half-Year Returns + Short Portfolio Update

Emerging Moats returned 30.57% since July 2024 versus 43.37% for the S&P 500, with Oscar Health accounting for half its gains and a…

OSCR $10B

Emerging Moats Research Jul 10

[scuttlebits] CPRT, ADBE, FIG, NVDA, QCOM, FDS, Memory chips

Copart’s returning CEO Jay Adair plans to restart European expansion and build domestic whole-car sales on its global buyer network amid…

CPRT $25B

scuttleblurb Jul 9 4 clicks

PDD Supplemental

JD, Alibaba and Douyin are assessed for their competitive threat to PDD, with a specific investment stance on JD.

JD $36B

Bearstone Jul 7

Portfolio Update June 2026

Portfolio added Zoetis, Pool Corp and Tractor Supply in June, lifting holdings to 13.

ZTS $30BTSCO $17B

D Invests Jul 6

Blackstone's Subs - Inside the Jersey Mike's IPO.

Jersey Mike’s IPO filing shows 47% adjusted EBITDA margin after Blackstone cut founder spending, ad subsidies and Area Director fees, while…

BX $83B

First Strike Research Jul 5 1 click

Saturday, October 3, 2026

Myles on X

Trevor Scott on X

Trevor Scott on X

Lee Roach on X

Trevor Scott on X

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A Capital on X

Lee Roach on X

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