Letters by company
Lucent, Inc.
4 letters discussing LUCN. Everything written about it on this site is on its ticker page.
- Elm Ridge Management Who Gives A Crap Elm Ridge argues that AI infrastructure spending rests on circular financing, aggressive capital expenditure and uncertain end-market returns, drawing parallels with the telecom bubble. The firm favors cheaper, less AI-exposed stocks and cites AerCap, ArcBest, Citigroup and ArcelorMittal as examples of holdings whose valuation multiples can rerate. September 2026 AMZN $2.9TCSCO $377BDELL $217B
- Troy Asset Management Investment Report No.77 July 2023 Troy’s multi-asset strategy favours short-dated government bonds, US TIPS and liquidity while waiting for zero-rate-era asset valuations to reset. It owns Microsoft and Alphabet at more reasonable valuations, avoids Nvidia and other expensive AI beneficiaries, and expects tighter monetary policy to expose recession risks. 6 months 2023 NVDA $3.9TCSCO $377BERIC $34B
- Claret Asset Management To sell or not to sell, that is the question. Claret Asset Management argues against trying to time an extended bull market, favouring patience in well-managed compounders such as Alimentation Couche-Tard, CGI and Microsoft. It warns that AI infrastructure spending, falling token prices, circular financing and power constraints could turn today’s enthusiasm into an eventual capex correction. Q2.2026 AMZN $2.9TGOOGL $3.6TMETA $1.6T
- Distillate Capital 2025 Q1 Letter to Investors: Uncertainty Distillate Capital argues that tariffs, AI monetization doubts and unsustainable government deficits have raised uncertainty as U.S. growth indicators soften. Its strategies emphasize inexpensive companies with stable cash flows and low leverage, seeking to rotate into newly cheap quality names during market dislocations. 2025 Q1 AMZN $2.9TMETA $1.6TMSFT $3.9T
