Research note template
This is a template. Copy this file for each company you study, e.g. brk-b.md → /value/brk-b/. ticker, company and market are optional and appear under the title and in the list.
The business
What does the company do, and how does it make money?
Moat
Why can’t competitors take its profits away?
Management & capital allocation
Who runs it, how are they paid, and what do they do with the cash?
Valuation
| Metric | Value |
|---|---|
| Price | — |
| Market cap | — |
| P/E (TTM) | — |
| FCF yield | — |
| Intrinsic value estimate | — |
Risks
What would make this thesis wrong?
Decision
Buy / hold / watch / pass — and at what price would that change?
This note reflects personal research and opinion only. It is not investment advice. I may hold positions in the securities discussed.