Company analysis

Suzano + Pulp and Paper Primer

The Brazilian hardwood pulp leader at a cyclical cross roads

Feb 15

US Trucking Primer II : Truckload Carriers Overview

Continuing the analysis of the trucking industry and cycle from two weeks ago, this article provides an overview of the truckload carrier segment.

Feb 1

Lithium majors: an asset by asset profitability analysis

Disentangling the operations of Ganfeng, Tianqi, Albemarle, and SQM asset by asset for different long-term lithium price scenarios.

Dec 21, 2025

Capital-spread businesses: the Localiza example

As part of a review of Brazilian names, I studied a vehicle-renting company called Localiza, recommended by some readers.

Nov 23, 2025

Olefins Primer III - LyondellBasell & Dow

American olefin pure-plays: capital allocation, markets, competitiveness, liquidity and scenarios.

Nov 9, 2025

Pagseguro and Stone, cheap for a reason?

Economics and prospects of the two large Brazilian POS networks.

Jun 8, 2025

Abercrombie & Fitch (ANF): more than meets the eye

A GARP company or a falling consumer-discretionary knife?

Mar 9, 2025

XP: the leading Brazilian retail broker

A 20-page primer on one of the companies best positioned to capture a Brazilian equities recovery.

Feb 2, 2025

Minerva S.A.: Rise Of A Monopsony

The Brazilian meatpacker is becoming the leading player in the South American and global beef export markets.

Dec 14, 2023

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts