Why your multiple isn't a market problem.
The discount on your stock is not random. It is a perception position priced into the multiple — and it is closable. Where to look first.
Read →Point of View
Recent thinking.
Analysis on the corners where perception is formed — capital markets, permitting, and adversarial events — written for the executive teams and boards who retain us.
Permit velocity is downstream of perception.
Public comment periods are won or lost months before they open. What an operator can do in the year before the regulatory file moves to decision.
Read →The 48-hour short-seller playbook.
What we hand to a CEO when a short report drops on a Tuesday and the buy side has already opened the email.
Read →