Global Community

A Note to New Readers: Welcome. What you are about to read is my original narrative for IREN, first published in September 2024.Read more

Executive Summary NGX Group Plc delivered robust financial performance for the nine months ended September 30, 2025, supported by higher revenue, increased investee income, and disciplined cost management. The Group recorded a 44% YoY growth in total revenue to ₦17.95 billion, driven by higher listing, trading, and market data fees, while the Company’s revenue rose modestly by 4% to ₦10.82 billion.Read more

Over the past two to three decades, Chinese manufacturing has supplied the world with cheap and generally reliable tools. For an American business to not only survive this period but prosper is impressive—and worth a closer look.Read more

Update on Q3 Results Travelzoo's cost to acquire a member increased to $40, making it a net 0 gain on membership spend alone. Direct member acquisition costs of $2.9m represents $2.9m of revenue with only $0-0.725m recognized this quarter (average $0.36m).Read more

There’s no shortage of Chinese brands and products flooding international markets in recent years, and CFMoto is no exception. But unlike many, they’re steadily building their brand and moving beyond the perception of being just another budget Chinese manufacturer.Read more

Qualcomm is a steady-growth backbone of the AI era - a proven, cash-generating semiconductor leader that’s quietly positioned for a major re-rating. While most attention is on data center chips from NVIDIA or AMD, Qualcomm is building the connective layer that will bring AI to the edge - powering devices, drones, vehicles, and robots that think and communicate in real time.Read more

Core Thesis: Canadian National Railway (CN) is a wide-moat, irreplicable infrastructure asset whose recent cyclical underperformance has created an attractive entry point. I believe the market is underappreciating a powerful, long-term secular tailwind: the reshoring and nearshoring of critical manufacturing and supply chains to North America.Read more

Helen of Troy remains an oversold gem. A seller of a variety of home and cleaning products, the company has pulled back over the course of 2025 from the $60 range to less than $26 per share.Read more

Our initial price target for Flower Foods is set at $16.12. As Flower Foods has been crippled with poor earnings and higher margins, a spark in M&A will push the company out of constant stagnation.Read more