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Insights on forensic stock analysis, SPAC risks, and smarter investing.

research14 min read

The Six Databases Behind Every Public Company, and Why Nobody Reads All of Them

SEC EDGAR, FINRA BrokerCheck, USASpending.gov, USPTO, PACER, and ClinicalTrials.gov are all free and open to the public. Each one tells a different part of the story. Here is what each database contains, which companies it matters most for, and what you will find there that never makes it into a press release.

analysis16 min read

OpenAI at $1 Trillion: How to Think About a Company You Can't Yet Investigate

OpenAI burns $14B per year, will not break even until 2029 or 2030, and its financing structure makes traditional valuation nearly impossible. Here are the questions every investor should ask before buying into the AI IPO wave.

analysis15 min read

The Bitcoin Treasury SPAC Playbook: Why 100+ Companies Are Copying MicroStrategy

Raise cash, find a SPAC, announce bitcoin holdings, watch the stock pop. VanEck warned the real test is surviving a downturn. Here is what separates a real treasury strategy from a narrative trade.

analysis16 min read

SpaceX at $1.5 Trillion: The One Mega-IPO That Might Actually Deserve the Hype

SpaceX is profitable, Starlink is approaching 5 million subscribers, and the launch business has no real competitor at scale. But a $1.5 trillion valuation still demands the same scrutiny you would apply to any stock.

analysis17 min read

Small Modular Reactors: 10 Companies Are Racing to Build One. Here's What the SEC Filings Say About Their Timelines

NuScale, X-energy, Kairos, Oklo, and others promise cheap clean baseload power. But most are pre-revenue with decade-long timelines, and the most advanced project was cancelled when costs nearly doubled. Here is how to separate genuine progress from a compelling pitch deck.

analysis14 min read

The Robotics ETF Trap: What's Actually Inside BOTZ, ROBO, and IRBO

Robotics ETFs promise exposure to next-gen automation. But many hold large positions in decades-old industrial companies like Fanuc, Keyence, and ABB. Here is what you are actually buying versus what the marketing suggests.

analysis16 min read

Rare Earth SPACs: What Happened to the Last Wave of Critical Minerals Listings

Every rare earth SPAC pitch deck mentions the EV boom and China risk. But most of the 2021-2022 critical minerals SPACs are trading at pennies or have delisted. Here is what separated the survivors from the failures: permits, capex realism, and management track record.

analysis17 min read

China Controls 60% of Rare Earth Refining. What That Actually Means for US-Listed Mining Stocks

MP Materials, Lynas, and Energy Fuels are positioned as the Western answer to Chinese rare earth dominance. But mining is one thing, refining is another. Most Western miners still ship ore to China for processing. Here is what to look for in the SEC filings.