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Tuesday, November 10, 2026

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Insider activity October 2026

Asian insider buying reached $2.9 billion in October, the highest since 2018, with South Korea and Thailand leading. The report highlights Bank Rakyat Indonesia among five purchases.

BKRKY $23B
Asian Century Stocks 1 click

From X

@StableBread

Fajasy on X

Here’s how I’d position for growth with sticky inflation, U.S. stocks close to their most expensive since 1881, and AI spending that’s turning to debt: → Less in U.S. index funds: If the CAPE’s history holds, U.S. stocks will return less over the next 10 years than the S&P 500’s 7.1%/year average after inflation since 1871. That doesn’t mean you should stop dollar-cost averaging into your retirement accounts or sell what you own, but there are better risk/reward opportunities than an index this concentrated in U.S. large-cap tech. → Value stocks, emerging markets and real assets: Charles Gave favors all three in an inflationary boom. Growth × Policy favors emerging markets and real estate in its current phase, and value stocks, emerging markets and commodities if the real rate rises above 1% (it’s ~0.8% now, and headed above 1% if the Fed hikes again in December). According to Barclays, whose CAPE for U.S. stocks is 39x, the UK (18x) and China (14x) trade at less than half that. → TIPS over nominal Treasuries: In October, 10-year TIPS yielded 2.78% above inflation on average and nominal 10-year Treasuries yielded 5.13%, so TIPS come out ahead over the next 10 years if CPI inflation averages more than 2.35%/year (5.13% minus 2.78%). CPI inflation was 3.7% over the 12 months to September, so inflation would have to slow well below today’s pace for nominal Treasuries to win. → Gold over nominal Treasuries: Gave favors gold over bonds for as long as the gold/IEF ratio stays above its 7-year average. It’s 61% above it now, so gold would have to lose ~38% against $IEF to flip that reading. → More cash than risk-on alone suggests: Risk-on underweights cash, but with the S&P 500/WTI ratio swinging with every Iran headline, I’d keep more, since Gave’s inflationary bust favors cash and energy and avoids long-duration stocks and bonds. In short, I’d own less U.S. large-cap tech, more of what an inflationary boom favors, and enough cash to act if Gave’s reading flips to a bust.

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Quick Value #337 - Dana Inc (DAN)

Dana is combining with Eaton’s Mobility unit via a 1Q27 Reverse Morris Trust after selling a division, delevering and accelerating buybacks.

DAN $2.1B
Value Don't Lie 2 clicks

Seed Corn

Chiron’s failed $49 million Beaumont sale and $178 million Pinnacle acquisition leave XRN with $70 million of liquidity and medical-office…

XRN $372M
Orphan REITs 2 clicks

STRL: 80 new electricians a week

Sterling’s $4.1 billion backlog faces Texas permitting risk after a governor proposed a moratorium, while Connexion, Capital Asset Planning…

STRL $7.6B
Trade Ideas Flow 1 click

Roblox: Capture This Moment

Roblox’s Q3 FY26 DAUs fell year over year for the first time, while bookings declined 12% to $1.7 billion.

RBLX $35B
TSOH Investment Research 1 click

DoorDash and Google

DoorDash and Google.

DASH $79B
Stratechery by Ben Thompson – On the business, strategy, and impact of technology. 4 clicks

Diamond Estates: Research Note

Diamond Estates converts $4.7 million of Lassonde debentures at a 69% premium, cutting debt to $10.9 million and raising Lassonde ownership…

LSDAF $1.2B
Atrium Research - Equity Research 3 clicks

Vicor Update, Part Four

Vicor’s Federal Circuit hearing put Foxconn’s disputed patent license under pressure, reinforcing its AI server royalty model and licensing…

VICR $6.8B
CV's Substack 3 clicks
FND · long

FLOOR & DECOR HLDGS

Floor & Decor operates 281 warehouse-format stores selling hard-surface flooring and accessories nationwide.

FND $5B
Value Investors Club 1 click

Floor & Decor 3Q26: Business Update

Floor & Decor’s 3Q26 sales rose 3% while comparable sales fell 1.4%; it cut 2027 openings to 10-15 as high mortgage rates pressure…

FND $5B
Speedwell Memos 1 click

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