Global Community

An analyst friend from Malaysia asked me to take a look at an M&A exercise involving two regional large-caps which has recently gone awry. I finished the valuation and shared it with him, then asked him if I could post it here since I had already done the work.Read more

Moody’s is not just a credit rating agency — it is one of the foundational infrastructure providers of the global financial system. Every year, governments, corporations, banks, and structured finance issuers collectively raise trillions of dollars in debt, and most of that debt requires a Moody’s rating to access institutional capital markets.Read more

Horizon Aircraft is trying a different route to flying taxis: a plane that takes off like a helicopter but cruises like a normal aircraft, so it doesn’t depend on widespread charging networks. The team’s rewards hinge on hitting a bigger company size, and the story looks at whether patents, early customer interest, and upcoming flight and approval milestones can outweigh funding and certification risks.Read more

Sanyo Trading looks steadier again after a wobbly year, with its sustainability business picking up as customers keep buying repeat-use supplies and a big biomass project moves forward. One major contract ending still weighs on results, but the core business is starting to improve and the next leg of growth depends on new initiatives showing up over the coming years.Read more

Arrow, a small Colombian oil producer, sits on a growing cash pile with no debt, but its biggest upside hinges on a make-or-break permit decision and whether new wells keep delivering. See why this could be a time-limited trade rather than a long-term hold, and what could leave the shares stuck for months even if the company stays healthy.Read more

Vestland Berhad started FY2026 on a positive note after posting stronger revenue and earnings for the first quarter ended 31 March 2026, supported by higher progress from its ongoing design-and-build projects. The group recorded revenue of RM199.5 million , representing a 26.7% increase compared to RM157.4 million achieved in the corresponding quarter last year.Read more

The real business is not home health. It is pharmacy.Read more

INTC Primer: No Equity Dilution Necessary (Part 1) When I first wrote about INTC (link above), the stock was trading at around $20. At the time, Intel could do no right — Pat Gelsinger was fired, Foundry was eating up precious cash flow, the dividend was cut — it was a perfect storm of unfortunate events.Read more

Introduction to the company Medical Facilities Corporation (TSX: DR) is a small Canadian listed holding company whose value sits almost entirely in two specialty surgical hospitals in the United States: Arkansas Surgical Hospital (ASH) and Sioux Falls Specialty Hospital (SFSH). These are physician owned, focused facilities that perform high acuity surgical procedures, mainly orthopedic, cardiac, and other specialty cases, in lower cost settings than full service general hospitals.Read more