Independent equity research
Company analysis, SEC filing changes and public follow-ups. Read the thesis, inspect the assumptions, and see what happened next.
Free research to read now. Premium research is coming.
New to LF0?
Understand a thesis. Compare a filing. Audit a call.
01 / Read a stock thesis
FormFactor (FORM) is rated Hold as strong AI-linked demand is offset by a valuation that already prices in much of the recovery. Q1 2026 showed revenue growth, but EBITDA softened…
Read the research02 / See what changed
Mays J W (MAYS)'s Business section changed the most among 3 companies that filed 10-Ks on 22 October 2026, each compared against its prior-year filing.
Read the research03 / Check the follow-up
Revisiting our Strong Sell call on SMR: entry $8.81, latest $5.38, -38.9%.
Read the researchFrom the research desk
Amgen (AMGN) is rated Hold because strong cash generation supports the business, but the valuation already reflects much of that quality. The key concern is elevated debt and policy-driven pricing…
Read the researchIntuitive Machines (LUNR) is rated Strong Sell as revenue growth has not translated into durable profits or free cash flow. Rich valuation, persistent cash burn, and heavy customer concentration leave…
Read the researchGenerac Holdings (GNRC) is rated Hold as valuation already discounts a recovery, while cash conversion remains modest. Strong free cash flow and manageable leverage support the case, but one-sided insider…
Read the researchMays J W (MAYS)'s Business section changed the most among 3 companies that filed 10-Ks on 22 October 2026, each compared against its prior-year filing.
Read the researchWinnebago Industries (WGO) 2026 10-K analysis comparing the 21 October 2026 filing with its prior-year 10-K, highlighting the MD&A section's biggest changes.
Read the researchPenguin Solutions (PENG)'s MD&A section changed the most among 2 companies that filed 10-Ks on 20 October 2026, each compared against its prior-year filing.
Read the researchRevisiting our Strong Sell call on SMR: entry $8.81, latest $5.38, -38.9%.
Read the researchRevisiting our Sell call on FLNC: entry $14.42, latest $5.70, -60.5%.
Read the researchRevisiting our Sell call on BMNR: entry $17.74, latest $23.96, +35.1%.
Read the researchLF0 Research Desk
A rating is a thesis to examine. The original analysis and later scorecard reviews let you see both the reasoning and the outcome.
Stay connected
The current research is free to browse. The waitlist is for news about deeper premium analysis when it launches.
This form joins the LF0 premium waitlist. Substack is a separate subscription. You can read the current research without joining either.
Follow your interests
Explore more of the company analyses featured on LF0.