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

Wednesday, November 11, 2026

Back to the front page

From X

@aleabitoreddit

Serenity on X

I actually thought $MRVL would buy $SIVE given smaller MC, but they went ahead and bought $LITE instead. Since it looked like Marvell was heading the Broadcom direction with vertical integration and needed lasers. As you said, $SIVE / $AAOI are much more strategically valuable now (both as independent suppliers + M&A prospects). Never crossed my mind Lumentum would get bought... but this sets an example for other players on what you can do now.
@ParadisLabs

Paradis on X

$MRVL to acquire $LITE in an all-stock transaction. - Implied enterprise value of $115 billion for Lumentum. - Lumentum stockholders will receive 4.5 shares of Marvell common stock for each share of Lumentum common stock. - This represents ~$1,132 per share of Lumentum common stock and a premium of approximately 23.9% based on each company’s price as of October 28, 2026. - Marvell stockholders will own ~67% of the combined company. Lumentum stockholders will own ~33%. - Matt Murphy to remain as CEO of the combined company. - Transaction expected to close in H1 2028, subject to shareholder and regulatory approvals.
@aleabitoreddit

Serenity on X

Considering $LITE (that is sold out into 2029) is going to get swallowed up by $MRVL next week. I see $AAOI / $SIVE / $COHR are going to be a lot more strategically valuable in the West. Both for M&A prospects (which deserves a premium) so companies can vertically integrate like $AVGO. + players are going to be incentivized to qualify other light sources not owned by their competitor. $AAOI has a ton of optionality to supply CPO lasers in 2027 if they buy transceiver laser supply merchant, since they have the technology now. But 2028 they'll have capacity available AFAIK. AOI also had a lot of opportunities to sign LTAs but didn't, so there's a lot more uncertainty alongside the series of $600M ATMs. But we'll see how they're doing, especially with their 1.6T shipments... Laser chokepoint part of the optical supply chain is extraordinarily strong

Investor Letters

All letters

Airbnb 3Q26: Business Update

Airbnb’s 3Q26 revenue rose 19% to $4.9 billion as nights and seats grew 16%, with app bookings up 29% and Reserve Now Pay Later adding…

ABNB $111B
Speedwell Memos 2 clicks

Research update

S&P Global research will assess Platts, Kensho and ratings growth; Benefit Systems’ 72% YTD rally changed its valuation, while Netflix and…

SPGI $136BICE $96B
Global Outperformers 3 clicks
OSW · short

One Spa World

OneSpaWorld (OSW) faces about 37% downside as its valuation requires unattainable growth in average revenue per customer after major-market…

OSW $3.1B
Value Investors Club

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 $5.9B
Cannibal Stocks 3 clicks

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 $6.6B
Monte Independent Investment Research 3 clicks

Publications we follow

Every publication on this site, hand-picked.

130 publications

Newsletters 110

YouTube 4

Blogs 15

Seeking Alpha 82 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

369 firms

Sectors

Ordered by how often our editor reaches for them.