New Ask Claude or ChatGPT about any stock, using Bullpen. Bullpen in Claude or ChatGPT. 7 days free
Bullpen.News From Edwin Dorsey
Get Daily Recap Feedback

Tuesday, November 10, 2026

Back to the front page

From X

@ACapitalLP

A Capital on X

Starting to think $MGM is absurdly cheap here at ~$29… Market extrapolating a terrible Vegas quarter (EBITDAR -12%, RevPAR -8%) while largely ignoring Macau share gains, BetMGM profitability and Osaka optionality. More interestingly, the buyback window reopens 10/30 with $1.4bn remaining (~20% of market cap). Management willing to take leverage from ~4x to 4.5–5x. Vegas weakness is real, but the marginal buyer is potentially the company itself, with substantial firepower at precisely the wrong price for sellers. Note: Barry Diller ($PPLI) was willing to pay $48/share for this exact same company a few months ago… Thoughts welcome.
@StableBread

Fajasy on X

If First Solar $FSLR wins its patent case at the U.S. International Trade Commission (ITC), TOYO Co., Ltd’s $TOYO cells could be barred from the U.S. First Solar filed a complaint at the ITC on February 24, 2026, claiming certain TOPCon cells, a common high-efficiency silicon cell design, infringe one of its patents. The ITC voted on March 26 to open Investigation 337-TA-1494, naming $TOYO, its Texas subsidiary, VSUN (the Vietnamese panel maker $TOYO was carved out of), and VSUN’s U.S. arm among 47 respondents. The ITC’s target date is November 15, 2027. The patent case won’t be decided before late 2027, but it’s another way $TOYO’s cells could be stopped at the border. I’m not worried about the patent case yet, since the ITC’s target date is more than a year away and dozens of other respondents face the same claim.

Investor Letters

All letters

The AutoNation Story

AutoNation shed rentals and megastores, focused on dealerships, and retired 91.1% of its shares through buybacks after its 1990s roll-up…

AN $6.1B
Cannibal Stocks 1 click

The 10-Q Fills In the Buyback

Empire State Realty Trust bought $86.1 million of stock through November 6, while corrected sum-of-the-parts values range from $9.12 to…

ESRT $1.3B
Orphan REITs 1 click

No title

SpaceX’s $24 billion Starbase power plant, Microsoft’s Oracle capacity cuts, Riot’s $72 billion AI lease and Quanta’s sell-off frame…

PWR $77BRIOT $5.8B
Monte Independent Investment Research 1 click
AUTLF · long

Austal Limited

Austal is a naval and commercial shipbuilder operating in the U.S., Australia and Asia.

AUTLF $1.3B
Value Investors Club

Insider activity October 2026

Asian insider buying reached $2.9 billion in October, the highest since 2018, with South Korea and Thailand leading.

BKRKY $23B
Asian Century Stocks 1 click

Lion Copper: Initiation Report

Lion Copper targets 2030 Nevada copper production at Yerington, with Rio Tinto’s Nuton funding its 2027 feasibility study under a 65%…

LCU $96M
Atrium Research - Equity Research 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

Publications we follow

Every publication on this site, hand-picked.

129 publications

Newsletters 109

YouTube 4

Blogs 15

Seeking Alpha 79 of 282

Nominate a publication

X accounts we follow

Every account on this site, hand-picked.

91 accounts
Nominate an account

Investor letters we follow

368 firms

Sectors

Ordered by how often our editor reaches for them.