Archive - Waver Research

The Constellation Nobody Talks About

Lumine Group is down 58% from its peak while its cash machine just posted the best year in company history. Here's why the market is confusing an…

10 hrs ago • Waver

The Boring Billionaire Factory: Why Apollo Is the Most Underrated Company in Finance

Everyone's chasing AI stocks. Meanwhile, this unglamorous toll booth operator just posted record earnings for the fifth year running and nobody noticed.

Apr 3 • Waver

When the World Catches Fire, What Happens to Your Portfolio?

A self-directed investor's playbook for navigating geopolitical shocks without panic-selling or making bad bets

Apr 1 • Waver

March 2026

Apollo Made a 5x Return on This Stock in 3 Years. Wall Street Still Hasn't Figured It Out

Evertec runs the financial plumbing of 26 countries, holds a Federal Reserve mandate, survived Hurricane Maria without a hiccup and trades at 13x…

Mar 27 • Waver

The Stock Everyone Calls "The Costco of Latin America" And Why That's Dangerous

PriceSmart built a monopoly in 12 countries and no one noticed. Now everyone has noticed, and the price shows it.

Mar 20 • Waver

The Cannibal Stocks: How Buybacks Create "Hidden Growth" That Wall Street Ignores

Wall Street has a growth obsession problem.

Mar 18 • Waver

Burford Capital (BUR) : Why I Never Touch This Stock

A great analysis can end with a hard pass. Here's exactly why Burford Capital, despite its genuine strengths fails my personal investing framework.

Mar 13 • Waver

Terry Smith's Fundsmith Q4 2025: The "English Warren Buffett" Is Losing His Touch

Fund Performance 2025: +0.9% | MSCI World Index: +12.8% | 5th Consecutive Year of Underperformance

Mar 6 • Waver

VusionGroup (VU.PA) — FY 2025 Earnings

Hardware planted the seeds. The software harvest has begun.

Mar 4 • Waver

February 2026

VERISK ANALYTICS (VRSK): The plumbing of insurance

Feb 27 • Waver

MOODY'S (MCO): The Waver Analysis

🔓 FREE EDITION — Normally reserved for paid subscribers. Enjoy it, and consider upgrading below.

Feb 20 • Waver

Brookfield Corporation (BN): Q4 2025 Results Breakdown

Price: $47 | Intrinsic Value (Management’s View): $68 | Discount: ~31%

Feb 13 • Waver

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