Issue archive

Markets keep chasing the same ten mega-cap names while entire sectors — banks, insurers, timber, retail — trade like the business cycle just ended forever. It didn't. This week's screen turned up six names that pass BOTH the Graham math and the Buffett filing read, plus five statistically cheap names where the filings tell you exactly why Mr. Market is right to be suspicious. Let's get into it.

Markets shrugged off the long weekend and came in cool, but under the hood insurers and regional banks are quietly printing some of the fattest ROEs in the market at single-digit P/Es — that's the trade nobody's tweeting about. This week's screen is stacked with financials because financials got left for dead after 2023 and never got properly re-rated. Six real 🟢 value picks, seven statistically cheap names that come with an asterisk, zero overhyped junk worth naming and shaming. Let's go.

Markets keep chasing the same ten AI names to the moon while an entire aisle of insurance, banking, and specialty-materials stocks sits at high-single-digit P/Es with double-digit ROEs — that's the whole Edge Thirteen thesis in one sentence. This week the cheap-stock screen is stacked with insurers and financials trading at 7-11x earnings and mid-teens-to-30%+ returns on equity, which is Buffett's favorite combination: rented money working hard, priced like it's going out of style. Twelve value picks this week — a genuinely fat pitch — so let's get to it.

Markets are grinding to fresh highs on AI fumes while the S&P's median stock snoozes — and that gap is exactly where this newsletter lives. This week the gold is in insurance and timber, not chips and cars: two names actually clear both the Graham bar and the Buffett bar, a couple of statistically-cheap names come with real hair on them, and the AI/mega-cap crowd remains priced like gravity got repealed. Let's get into it.

**13 stocks, priced against reality.** Markets keep grinding higher on the back of six or seven stocks doing all the work, and folks, that's exactly when you need to close the laptop, ignore the ticker, and open a 10-K. Everybody wants to own the story; nobody wants to check the math. This week we've got a couple of boring, cash-gushing insurers and a timber REIT actually clearing the Graham bar — and a parade of magnificent businesses priced like the risk-free rate went to zero forever. It didn't.

**13 stocks, priced against reality.** Market's still partying like it's 1999 in AI-land while quietly torching anyone who signed up for "affordable" healthcare stocks. Multiple expansion is doing the heavy lifting across mega-cap tech, insurance is finally getting some love after years in the penalty box, and managed care is a five-alarm fire nobody wants to stand next to. Thirteen names, sorted by what the business is actually worth versus what the ticker says — let's go.