Company Updates

PayPal Post-Mortem: Why I Sold PYPL and What Changed in the Investment Thesis

Q4 2025 exposed deeper weakness in PayPal’s core checkout business, forcing a reassessment of the moat, management execution, and long-term growth…

Feb 4 • George Atuan, CFA

Celestica (CLS) Q4 2025 Earnings: Double Beat, $1B Capex Plan, and Why the 15% Drop Looks Wrong

CLS posts record margins and ROIC, raises 2026 outlook, confirms Google TPU partnership, and signals AI infrastructure demand strength

Jan 30 • George Atuan, CFA

JD.com Stock Deep Dive: Why a Cheap Valuation Wasn’t Enough

A post-mortem on my JD investment, the food delivery misstep, capital destruction, and why opportunity cost finally forced an exit

Jan 6 • George Atuan, CFA

Powell Industries Q4 Earnings Review: Margins Hit Records While Growth Catches a Breath

Record margins, a bigger cash pile and a utility-heavy backlog give Powell a solid setup for 2026 despite softer oil and petrochem.

Dec 10, 2025 • George Atuan, CFA

KINS Q3 2025 Earnings: Record Profit, Higher Guidance, Stock Goes Nowhere

The insurer delivered another strong quarter, yet its stock barely budged amid an extreme fear market.

Nov 14, 2025 • George Atuan, CFA

DXP Enterprises Q3 2025: Overreaction Creates Opportunity

A noisy quarter, a calm setup: why the 20% selloff says more about fear than fundamentals

Nov 11, 2025 • George Atuan, CFA

The Need for Speed: From Home Wi-Fi to Celestica’s 800G Advantage

How Celestica (CLS) is riding the shift from 400G to 800G and soon 1.6T, why Nvidia–OpenAI–Oracle’s billion-dollar triangle matters for its growth, and…

Sep 24, 2025 • George Atuan, CFA

Oil-Dri (ODC): Up 57% in 5 Months, Record Quarter & Why I Sold

Up 57% in 5 Months, Hitting My Target Price and Posting Record Quarterly Results. Why I’m Still Closing the Position

Sep 17, 2025 • George Atuan, CFA

KINS Q2: Profits, protection, and a bigger plan

Record EPS, stronger reinsurance, higher guide: I’m still holding

Aug 20, 2025 • George Atuan, CFA

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