Independent Equity Research
One company a week, taken seriously.
Buybacks, dividends, and the arithmetic underneath the story.
Most stock commentary is a take. This is a research note: a full model, a bull case, a bear case I actually argue against myself, a scenario table, and a price target with a date attached to it. Every report ships as a free PDF you can download and read offline.
The calls stay on the board below whether they work or not. That's the point — a target nobody scores isn't research, it's marketing.
New report most Mondays. Threads post to @2commainvestor.
Coverage
1 open · 0 scoredEvery call published, with the price it was made at. Open calls are still running; scored calls have been marked against the outcome and stay on the board either way.
| Date | Ticker | Report | Rating | Reference | Target | Implied | Status | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-07-14 | BKNG | The market is paying 17× for a business retiring 8% of itself a year Booking Holdings Inc. · Consumer Internet | Buy | $175.52 | $240.00 | +37.7% | Open | Read → |