MoMo Productions/DigitalVision via Getty Images So, I've been covering Old Republic ( ORI ) for quite some time now. My last article was in January 2026, which might raise the question of why it's time for an update now, about 2.5 months after the fact. The company has, after all, followed my thesis and rating quite accurately, underperformed and dropped - but it's very hard to argue that it's clo...
MoMo Productions/DigitalVision via Getty Images So, I've been covering Old Republic ( ORI ) for quite some time now. My last article was in January 2026, which might raise the question of why it's time for an update now, about 2.5 months after the fact. The company has, after all, followed my thesis and rating quite accurately, underperformed and dropped - but it's very hard to argue that it's closing in on my PT, which at the time of my last article was barely $30/share. Furthermore, the Quant ratings currently given by SA do not exactly look promising - valuation and momentum at a C, which is the best, while profit and revisions, as well as growth, are earning very poor marks. What fascinates me the most is perhaps the dichotomy between the targets given by me (and other SA analysts following ORI, of course), as well as Wall Street and Quant. Seeking Alpha ORI grades One could argue that it's proof that analysts can't agree on anything. I would argue it's proof that analysts can view companies in very different ways - and it's this which I will be focusing on here. You can find my last article here. So in this piece, I will be showing you how exactly someone may reach so different targets in looking at a company. However, in true valuation spirit, I will also make it clear why I cannot agree with the Wall Street view on this business. It's not that I claim they are 100% wrong - it's that I view their thesis as having a comparatively low likelihood of materializing, if that makes sense. So, dear readers, financials and insurance is a bit of my favorite when it comes to analysis. So, looking at ORI is "my wheelhouse". I feel I have a good grip on parts of the sector, not only covering the US but also the EU and the international sector, a fairly broad coverage, with several undervaluation successes under "my belt", so to speak. Let's look at what we have here. Old Republic - Upside and Potential in an Industry That's Struggling In my previous article, I described OR...
In this article BHARTIARTL-IN Follow your favorite stocks CREATE FREE ACCOUNT A Bharti Airtel office building pictured in Gurugram, on the outskirts of New Delhi. Pacific Press | Lightrocket | Getty Images India's telecom giant Bharti Airtel has raised $1 billion for its data center arm — Nxtra Data — from private equity firms Alpha Wave, Carlyle and Anchorage Capital, underscoring a growing globa...
In this article BHARTIARTL-IN Follow your favorite stocks CREATE FREE ACCOUNT A Bharti Airtel office building pictured in Gurugram, on the outskirts of New Delhi. Pacific Press | Lightrocket | Getty Images India's telecom giant Bharti Airtel has raised $1 billion for its data center arm — Nxtra Data — from private equity firms Alpha Wave, Carlyle and Anchorage Capital, underscoring a growing global interest in the sector. Bharti Airtel is India's second-largest telecom operator and the raise will value Nxtra Data at about $3.1 billon once the transaction closes, the company said in a stock exchange filing on Monday. Nxtra Data will receive $435 million from Florida-headquartered Alpha Wave Global, $240 million from existing investor Washington-based Carlyle, and $35 million from New York City's Anchorage Capital, Airtel said, adding that it will contribute the remaining amount. The fresh capital will support Nxtra's expansion across India, Airtel said. Gopal Vittal, executive vice chairman of Airtel, said Nxtra has built "data center networks" aimed at meeting the evolving needs of enterprises, hyperscalers, and government clients. Nxtra has around 300MW of data center capacity, which will be scaled to 1GW "in the next few years, targeting ~25% market share," he added. It currently has 14 large data centers and more than 120 smaller, decentralized facilities located closer to end users and devices. Data center boom Data center demand globally has surged in recent years, largely driven by the explosion in AI workloads, which require vast computing power, electrical power, cooling and networking infrastructure. More than $61 billion flowed into the data center market in 2025. "India has an immense AI opportunity — Indians already meaningfully interact with platforms like ChatGPT, Claude and other AI tools," said Navroz D. Udwadia, co‑founder of Alpha Wave Global, in the filing. India's data center capacity must grow significantly to keep pace with demand from hypersca...
peshkov/iStock via Getty Images The Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ) is a closed-end fund designed to provide investors with diversified equity exposure with the goal of generating high distributable income. Managed equity strategies may be exceptionally appealing during periods of significant market disruption, particularly as major indices face exogenous pressure, making s...
peshkov/iStock via Getty Images The Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ) is a closed-end fund designed to provide investors with diversified equity exposure with the goal of generating high distributable income. Managed equity strategies may be exceptionally appealing during periods of significant market disruption, particularly as major indices face exogenous pressure, making successful stock selection a highly valued skill. With mounting uncertainty regarding the global supply chain disruptions raised from the Iranian war, I believe investors should take into consideration managed CEFs like EVT as a component of a diversified portfolio strategy. Given the near-term risks in the market and comparable historical performance, I am recommending EVT with a Hold rating. Investment Thesis EVT was designed to invest in value-oriented, dividend-paying stocks that may provide tax-advantaged dividend income as part of its investment objective, presenting an appealing opportunity given the state of the broader equity market. Prior to the Iranian war, I believe the markets were heavily shifting in favor of value over growth stocks as investors began questioning the quality of the AI theme and whether the high premiums appropriately priced the stocks, as well as the software stock disruption with the emergence of the theme that AI may replace traditional enterprise software. Market price chart (TradingView) While I don’t believe this second factor will necessarily be meaningfully impactful to the market given how integrated enterprise software has become, tethered together with custom applications, I do expect AI to disrupt the market with respect to being more of a companion feature. Granted, this is highly selective, as a CRM or ERP company will be less likely disrupted when compared to a creative suite. I believe the recent events in the Middle East added fuel to the flame, adding pressure to oil prices and uncertainty towards global supply chains, as a la...
(RTTNews) - Lipella Pharmaceuticals Inc. announced that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Western District of Pennsylvania. The company intends to pursue a 363 sale process under
(RTTNews) - Lipella Pharmaceuticals Inc. announced that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Western District of Pennsylvania. The company intends to pursue a 363 sale process under
matejmo/iStock via Getty Images Introduction I haven’t had the chance to review Barrick Mining Corporation ( B ) yet, while covering peers in the mining industry that tend to have a broader asset base. I will now take the plunge following the rally in gold prices and the ensuing normalization despite macro risks ticking up. There are a lot of inherent catalysts to the firm’s valuation, such as gol...
matejmo/iStock via Getty Images Introduction I haven’t had the chance to review Barrick Mining Corporation ( B ) yet, while covering peers in the mining industry that tend to have a broader asset base. I will now take the plunge following the rally in gold prices and the ensuing normalization despite macro risks ticking up. There are a lot of inherent catalysts to the firm’s valuation, such as gold prices, record FCF and the potential incoming IPO of Barrick’s NA gold assets. I will go through them to see if B will continue to offer strong value to shareholders. Current Dynamics I’ll start with the macro backdrop that has pushed gold to rally and falter with the Iran situation. Gold started the year at around $4,384 per ounce and pushed forward to nearly $5,500 an ounce. It now came back to $4,532 as of the last available prices. The current price drivers are structural in my mind, rather than simply speculative, as central bank demand is roughly 585 tonnes per quarter through 2026 , as sovereign wealth funds are diversifying away from dollar-denominated assets. More so, the US-China trade tensions have pushed the Chinese government to diversify away from US treasuries toward gold. The PBOC has been a main actor in this, with its 15th consecutive month of reserve increases bringing the total official gold holdings to 2,308 tonnes . Regulation also played in this facet as Chinese institutional investors are now allowed to allocate up to 1% of their assets directly into bullion . Furthermore, many believe that gold should have continued its rise in price, considering the increased macro risks linked to the Iran conflict, but prices have fallen sharply and have been highly volatile ever since. The downward pressure is essentially linked to the rise in crude prices due to the Strait of Hormuz, which is fueling global inflation fears. This would thus translate in a higher interest rate environment or even increase rates to combat the shock, pushing treasury yields higher...