Self-taught corporate governance analyst
Joined October 2018
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Apr 28
Inspired by @AndrewRangeley recent series on governance dark arts, I thought I’d write up a potential spring-load with $LXU.
Not as much torque given they’re RSUs, but the timing is very fishy nonetheless. Earnings are tomorrow after the close.
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Apr 30
$LXU is flat on the day. Downside was importantly protected, but no upside to be seen.
Onto the next one.
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Well, the board really screwed these execs by hurrying their grants. Looks to be down ~9% this morning.
Weird play.
Jan 30
Centene $CNC earnings are on Feb 6th. The company awarded yearly RSU/PSU grants on Jan 26, instead of the typical mid-March cadence.
This smells like a spring-load.
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Jan 30
Centene $CNC earnings are on Feb 6th. The company awarded yearly RSU/PSU grants on Jan 26, instead of the typical mid-March cadence.
This smells like a spring-load.
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31 Dec 2025
Wish I could earn ~$70MM if my stock price only outperformed 25% of the companies in the S&P 500.
Nice work if you can get it. $CRWD
sec.gov/ix?doc=/Archives/edg…
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5 Dec 2025
Wondering when to catch the Copart $CPRT falling knife? Just wait for the gigantic option grant.
April 2009 (financial crisis) - 2MM options for the CEO. 2MM for the President.
June 2020 (Covid-19) - 1MM options for the CEO.
The stock is down ~40% from the highs, but no grant.
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7 Nov 2025
Wrote it up at $6.72. Acquired today for $12.00.
Took a little longer than expected, but the governance signals were there!
ir.gulfisland.com/news-event…
20 Mar 2025
With some recent amendments to the change of control agreements, I think this company is setting the stage to run a sale process.
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22 Oct 2025
I’d argue that Verizon $VZ is possibly setting the stage for an earnings spring-load on October 29th.
Link in bio.
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29 Oct 2025
$VZ stock essentially unchanged since the writeup. No spring-load on earnings, but at least the downside was capped.
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17 Sep 2025
Some have pointed out the $FPH price-based grant, but none have done an in depth analysis on it. Thanks to @thewritser for the help!
@marginofdanger @RagingVentures
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12 Sep 2025
$PBL.TO has legacy lottery ticket operations that are profitable; however, they don't really move the needle. It has ~$525MM of revenue with a normalized profit margin of 2-3%. If you capitalize those earnings at 8-10x, it doesn't add much to the total enterprise value.
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2 Sep 2025
Things going on at Qorvo $QRVO:
-Starboard files 13D in Jan
-Multiple new directors and some retire over following months
-Elects Starboard nominee in May
-Amends CiC agreements and adopts a severance plan in August
Not sure there's any signal here, but things are moving.
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