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
7 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. The rules were fixed in advance: how calls are scored. First result lands July 14, 2027.
| Date | Ticker | Report | Rating | Reference | Target | Implied | Status | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-31 | NKE | A twelve-year low is not the same as cheap NIKE, Inc. · Consumer discretionary | Hold | $38.44 | $31.69 | -17.6% | Open | Read → |
| 2026-08-22 | PGR | Eleven times earnings, or twenty-three times. It depends on one number The Progressive Corporation · Property and casualty insurance | Hold | $219.28 | $207.76 | -5.3% | Open | Read → |
| 2026-08-18 | UBER | The market is paying for 8% growth. The company is compounding at 22% Uber Technologies · Mobility / local commerce | Buy | $74.99 | $90.70 | +20.9% | Open | Read → |
| 2026-08-15 | PLTR | The growth is real. So is the tax bill nobody is modeling Palantir Technologies · Enterprise software / AI | Hold | $174.04 | $162.79 | -6.5% | Open | Read → |
| 2026-08-10 | TPL | A remarkable business, priced for the option rather than the operation Texas Pacific Land · Energy royalties & land | Hold | $340.65 | $320.91 | -5.8% | Open | Read → |
| 2026-08-03 | TSM | The toll booth on the entire AI build-out, marked down while earnings doubled Taiwan Semiconductor · Semiconductors | Buy | $404.25 | $485.00 | +20.0% | Open | Read → |
| 2026-07-27 | COST | A wonderful business at a price that asks for perfection Costco Wholesale Corp. · Consumer Staples | Hold | $935.03 | $900.00 | –3.7% | Open | Read → |
| 2026-07-20 | QCOM | The market has priced the Apple exit as if nothing replaces it Qualcomm Inc. · Semiconductors | Buy | $171.78 | $205.00 | +19.3% | Open | Read → |
| 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 → |