Energy Recovery, Inc. ( ERII ) reported Q4 '25 results and provided updates on its business strategy and 2026 business guidance , causing the cratering of its stock price 30%+ on the day after the release.Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of ...

Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Group 1 - The investment approach focuses on long-only strategies, evaluating companies from an operational and buy-and-hold perspective rather than market-driven dynamics [1] - The emphasis is on understanding the long-term earnings potential of companies and the competitive dynamics within their industries [1] - Most recommendations will be holds, indicating that only a small fraction of companies are considered buy opportunities at any given time [1] Group 2 - Hold articles are intended to provide valuable information for future investors and introduce a healthy skepticism in a generally bullish market [1]

Mercer International Inc. ( MERC ) presented Q4 '25 results this week. I had not analyzed the company since the Q2 '25 results, when I started covering the name in October 2025 .Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they p ...

Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective rather than market-driven dynamics [1] - The articles emphasize understanding the long-term earnings power of companies and the competitive dynamics within their industries [1] - The majority of recommendations will be holds, indicating a cautious approach to buying, with only a small fraction of companies deemed suitable for purchase at any given time [1] Group 2 - Hold articles are intended to provide valuable information for future investors and introduce a healthy skepticism in a generally bullish market [1]

Group 1 - Enbridge Inc. Cumulative Redeemable Preferred Shares, Series L (EBBNF) relies on the same underlying cash flow as Enbridge Inc. (ENB) common stock, with preferred dividends being paid before common dividends [1] - The investment strategy mentioned focuses on building a resilient, income-generating portfolio with a long-term growth mindset, primarily through long-only investments [1] - The approach blends dividend-paying equities, REITs, and other income strategies with selective growth opportunities, emphasizing disciplined, fundamentals-driven investing [1]

Company Overview - WestWater Resources, Inc. (WWR) is an American company focused on developing a graphite mine and processing plant project in Alabama [1] Industry Focus - The company's goal is to provide graphite that is suitable for use in the domestic electric battery industry, indicating a strategic alignment with the growing demand for electric vehicle batteries and renewable energy storage solutions [1]

Core Viewpoint - GXO Logistics is a warehousing and fulfillment company operating in the UK, US, and Europe, spun off from XPO alongside RXO in brokerage [1] Group 1: Company Overview - GXO Logistics focuses on operational aspects and long-term earnings power rather than market-driven dynamics [1] - The company aims to hold investments independently of future price movements, with most recommendations being holds [1] Group 2: Investment Philosophy - The investment approach emphasizes understanding competitive dynamics within the industry and identifying companies worth holding long-term [1] - A small fraction of companies are considered suitable for buy recommendations at any given time, promoting a healthy skepticism in a bullish market [1]

Core Viewpoint - The focus is on long-only investment strategies that evaluate companies from an operational and buy-and-hold perspective, emphasizing long-term earnings power and competitive dynamics rather than market-driven price actions [1]. Group 1: Investment Philosophy - The investment approach prioritizes operational aspects and the long-term potential of companies, suggesting that most recommendations will be holds, reflecting a cautious stance in a bullish market [1]. - The strategy indicates that only a small fraction of companies are deemed suitable for purchase at any given time, highlighting a selective investment process [1]. Group 2: Communication and Transparency - The articles are presented on an "as is" basis, emphasizing that they represent the author's opinion and do not constitute professional investment advice, placing the responsibility on readers to conduct their own due diligence [1]. - There is a clear disclosure that the author has no current stock or derivative positions in the companies mentioned, ensuring transparency in the analysis [2].

Core Viewpoint - The focus is on long-only investment strategies that evaluate companies from an operational and buy-and-hold perspective, emphasizing long-term earnings power and competitive dynamics rather than market-driven price actions [1]. Group 1: Investment Philosophy - The investment approach prioritizes operational aspects and the long-term potential of companies, suggesting that most recommendations will be holds rather than buys [1]. - A very small fraction of companies are deemed suitable for purchase at any given time, indicating a selective investment strategy [1]. Group 2: Market Sentiment - Hold articles are intended to provide valuable information for future investors and introduce a level of skepticism in a generally bullish market environment [1].