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COAG: A Rare Disease Registration Option Priced Entirely on an Unproven Safety Window
Strong data, zero competition, $430M in cash — and still overpriced at $25.
May 12
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Latent Tensor Capital
Planet Fitness (PLNT) Deep Dive: Quality Reset, Not Just an Earnings Miss
A franchise compounder losing its premium — or a fat pitch in the making?
May 11
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CNR: The Most Expensive Mistake in Coal Is Treating EBITDA as Profit
Core Natural Resources owns elite assets. The stock is priced as if EBITDA equals distributable cash. It doesn't — not even close.
May 11
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Latent Tensor Capital
FMC Stock: $4.5B Debt, $252M India Fire Sale, and a Covenant Test That Decides Everything
An independent, filing-based valuation of FMC Corporation — why the current $14.82 is pricing in a recovery that has a 45% chance of not happening.
May 10
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Latent Tensor Capital
Braemar Hotels & Resorts (BHR) Stock Analysis: Good Assets, Bad Structure — A Stub Equity Anatomy
$2.06 billion in senior claims sit above common equity. The chairman's direct stake is worth $70,000. His termination fee is $480 million. He only needs…
May 9
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Latent Tensor Capital
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