Research Feed
Molina Healthcare: 8x Trough P/E on Medicaid Self-Correction — If You Survive the Covenant
Fourth independent MCO confirmation of 2026 Medicaid trough. MOH at $131 (RSI 17, -54% 1Y) trades at 8x management's $5 trough EPS guide. The operating leverage is enormous: 100bps MCR improvement on $32B Medicaid base = ~$5/share. Embedded earnings from signed contracts exceed $11/share. But there'
Crane Company: Nuclear Exposure Doubled, Acquisitions Beat Expectations
Crane Company (CR) reported Q4 2025 earnings on January 27, 2026. Three material signals emerged: Management guided acquisitions as zero accretion in year 1 at deal announcement. Six months post-close, they now expect slight accretion in 2026 with integration "exceeding initial expectations." Synerg
Canadian Pacific Q4 2025 - Operating Ratio Breaks Below 60% as Mexico Intermodal Launches
Canadian Pacific Kansas City reported Q4 2025 operating ratio of 55.9%, driving full-year OR to 59.9%—the first time the company has operated below 60%. Management guided to 100 basis points of annual OR improvement going forward. The earnings call disclosed three specific volume drivers for 2026:
Crane Company Doubles Nuclear Exposure as Westinghouse AP1000 Program Accelerates
Crane Company's (CR) Q4 2025 earnings call, held January 27, 2026, disclosed material expansion of its nuclear business and earlier-than-expected value capture from recent acquisitions. The Reuter-Stokes acquisition has doubled Crane's nuclear business size, positioning the company across four disti