Equity Research for Growth & Tech Stocks.

I started AlphaForge out of frustration. As an investor, I'd read ten analyst notes on the same company and the same quarter, and the price targets would be hundreds of percent apart. The disagreement itself I could live with. What bothered me was that I usually couldn't tell where any of those numbers came from, because hardly anyone showed how they got there.

So I started writing the research I wanted to read myself. I take one company at a time and work from the company's own documents, mainly its quarterly earnings decks. Every Read lists the documents it draws on, and where a figure is my own calculation rather than one the company reported, I explain how I got it.

I also take a side. Each Read gives my view on the business and a price I'd actually buy at. I don't calculate a fair value down to the cent. The buy level is simply where I'd be comfortable putting my own money in.

If that's the kind of analysis you've been looking for, the Reads are above.

Daan