Another Week Shot to Hell
'Nuclear Gone Nuts' plus OKLO, NNE, SMR, LEU, ERIE, HIMS, TFIN, ENPH, DLB, and more...
(This friendly reminder: My Red Flag Alerts and selected On the Street content are no longer free. But while the paint is still drying on my paywall, my introductory price remains. I will be raising prices. Here’s more on my decision to go paid, and what to expect from my Red Flag Alerts.)
Ridiculously crazy week – something for everybody:
First, nuclear gone nuts: The sudden surge in newly public nuclear-related companies like Oklo reminds me of the hype surrounding autonomous trucks and the eVTOL “air taxi” companies… or even Tesla. I’ll tell you why below...
Second, Triumph update: If you missed it – I freshened up my long thesis on Triumph Financial with an update in time for Q3 results. I would not be surprised if this one becomes a long/short tug-of-war...
Third, levitated by lunacy, Part 2: Six weeks ago I laid out my piece on Erie Indemnity. On Friday a short activist came along with a new angle. There’s even more to this story...
Fourth, it’s a numbers story: Hims & Hers has been hot, but is it sustainable? I checked with the Magic Eight Ball, and it said...
Fifth, how low can it go? It has not been a good week for Enphase, which reports this week. Why the stock could head much lower...
Sixth, on my radar: I like keeping subscribers in the loop on what I’m working on, even if the ideas wind up going nowhere. Such as Dolby, which is off everybody’s radar, but might be worth digging into...
Seventh, ‘the damn number’: On seeing life clearly and calling out absurdities.
Eighth, Red Flag Alerts: as usual the full Red Flags list.
Finally, honing your skills: My friend Steve Clapham writes the Behind the Balance Sheet (not to be confused with my friends at Behind the Numbers) newsletter. He's a forensics forensic, a former hedge fund analyst and a good guy. I’m addicted to his podcast, which interviews money managers. He also runs seminars for investment pros, mostly in London, but he’ll be doing one in New York on November 13. You can get more information on the in-person event here. He also runs 8-week Zoom classes. Use coupon code HERB24 and get 10% off...
And now, on with the show...