Research Feed
WDAY: The Market Is Pricing 2033 NRR in a 2026 Stock
Workday at $138 is down 47% from its 52-week high. RSI 20.8. Trading at 15.3x operating cash flow — cheaper than ADP (22.8x), which grows half as fast with worse margins. The co-founder just fired the professional CEO and took his job back, with $75M in performance RSUs tied to stock price targets.
HTGC: Quality Company, Wrong Price—Wait for 1.1x NAV
Hercules Capital (HTGC) reported record Q4 2025 results, then sold off 17% in a month to RSI 18. The market narrative: tech-exposed BDCs face software credit risk from AI disruption. The valuation reality: HTGC still trades at 1.28x NAV (28% premium), down from 1.55x on December 31. This is not a di
Blue Owl Q4: Sector's Cheapest Stock on Record Fundamentals
Blue Owl reported Q4 2025 earnings into a sector-wide dislocation. The stock closed Friday at $12.52 (+7.7%) after bleeding to RSI 10.5 earlier in the week — the most oversold reading in the entire alt asset manager space. Forward P/E of 11.18x is 40%+ cheaper than peers, despite operational metrics