Our community narratives are driven by numbers and valuation.
LEO is a closed-end investment company (CEF). CEFs, unlike open-end investment companies, do not redeem their shares at net asset value.Read more
Business Overview Key Metrics Total: 9.5/17 +2✅✅ Projected Operating Margin: 65.63% +0 ⚠️ Projected 5-Year Revenue CAGR: 9.43% +2 ✅✅ Last 5-Year ROIC: 39.70% +1 ✅ Estimated Cost of Capital: 6.26% (lower than ROIC) -1 ❌ Last 5-Year Shares Outstanding CAGR: +0.15% +1 ✅ Projected 5-Year EPS CAGR: 12.38% +1 ✅ Projected 5-Year Dividend CAGR: 12.50% +1.5 ✅ Estimated Debt Rating: Aa3 +2 ✅✅ Morningstar Moat: Wide +0 ⚠️ Morningstar Uncertainty: Medium Business Valuation To calculate the intrinsic value of the company I'll use multiple methods: Discounted Cash Flows (DCF) - Intrinsic value is estimated by projecting its free cash flows over the next 10 years and discounting them to present value using the estimated cost of capital ; EPS Growth - the fair value is estimated by projected the Earnings Per Share CAGR for the next 5 Years and then, given its current and historic values of PE, come up with a PE for the 5th Year. This will give us its price 5 Years from now using the formula: Price = EPS x PE that we then discount using the estimated cost of capital; Historical P/E - we assume mean reversion to the historical P/E values; Historical EV/EBITDA - we assume mean reversion to the historical EV/EBITDA values.Read more

The Vanguard High Dividend Yield ETF (VYM) is often viewed as slightly undervalued compared to the broader market, primarily due to its concentration in value-oriented sectors that trade at a discount to high-growth tech stocks. As of early 2026, VYM carries a forward price-to-earnings (P/E) ratio of approximatelywhich is significantly lower than the S&P 500's P/E, often hovering nearduring recent bull runs.Read more
Disclosure: At the time of writing, we are not shareholders in eToro Group (NASDAQ: ETOR). However: we are carefully studying the market situation at the moment and may buy via a GTC limit order when the market is right.Read more
1. The Paradigm Shift: Fixing a Broken System For decades, traditional consumer banking has been disconnected and frustrating.Read more
SOFI currently trades at around $18.39/share as of close on 2 March. Marking a significant pullback since its 52-week high of ~$32.50 in November last year.Read more
Fiserv, one of the biggest financial technology businesses in the world, supplies the digital platforms used by banks, credit unions, and retailers for digital banking, payments, processing, and merchant services. Everyday transactions are supported by the company's technology, which includes embedded financial solutions, mobile wallets, point-of-sale systems, and debit and credit card payments.Read more
$KORU is a 3x leveraged ETF that tracks large and mid-cap South Korean companies. Despite leveraged ETFs comprising huge downward risks, the ETF is up 1300% and nobody seems to be talking about it.Read more
The Bybit explosion in February 2025 was one of the largest cybersecurity events in the history of digital assets. A sophisticated social engineering attack on a third party wallet provider allowed attackers to authorise illegitimate transfers and drain over 400 000 Ethereum worth over $1.4 billion USD, sending shockwaves through the market and highlighting persistent security vulnerabilities in crypto infrastructure (Kuhn, 2025; Carter, 2025).Read more

