Updates: Fortinet - The Convergence of Network, Security, and the Physical World
Summary
* Fortinet’s single-OS, ASIC-accelerated architecture gives it a durable structural edge
investment analysis
Notes: AI Bubble? Refining the Forward ROIC
Summary
* The refined forward ROIC model focuses on Microsoft, Amazon, and Google,
Lumentum Holdings: The Optical Engine Behind the AI Data-Center Revolution
Summary
* Record 1Q26: $533.8m revenue (+58% YoY) with next-quarter guide $630–
Notes: Pagaya, A Fintech We Want to Believe In — and Finally Might Be Able To
Beyond Operating Assets: Redefining ROIC for Tech Investors
Summary
* This project builds a capital‑allocator ROIC that judges how software
Instacart vs. DoorDash - Which is the Better Investment Today? (Pt.2)
Summary
* Despite slower growth, CART offers stronger gross margins, a higher ROIC,
Instacart vs. DoorDash - Which is the Better Investment Today? (Pt.1)
Summary
* Instacart (CART) and DoorDash (DASH) are pursuing the online grocery and
Carvana - Deep Dive & Addressing Hindenburg's Short Claims
Summary
* We initiate our coverage on Carvana, diving into the long-term thesis