Core Viewpoint - The bullish case for Ferroglobe (GSM) does not rely on a sudden recovery in global steel production or aggressive assumptions regarding the near-term adoption of electric vehicles [1] Group 1: Company Analysis - Ferroglobe is positioned uniquely in the market, with a focus on strong brand recognition and solid financials [1] - The company is identified as having growth potential, which is appealing to investors in the consumer products sector [1] Group 2: Industry Context - The analysis indicates a broader consumer trend that favors companies with a unique combination of brand strength and financial stability [1]

Regulatory & Compliance - Ondo cleared 2 years of SEC investigation with zero charges [1] - Ondo secured FMA approval for 30 European countries [1] - Ondo possesses a regulatory moat [1] Financial Performance & Valuation - Treasury TVL (Total Value Locked) reaches $770 million [1] - Annual fees generated amount to $7.7 million [1] - Token price is $0.41, down 62% from its peak [1] - Token governance over $770 million in assets trades at 167x revenue [1] Market Positioning & Competition - BlackRock chose Securitize's equity model over tokens [1] - The market is currently chasing "shitters" (low-quality assets), presenting an asymmetric opportunity [1]