Blog
Long-form writing on what I'm learning and shipping.
2026
Saia and the LTL network still being built
v1Published 2026-06-26Updated 2026-06-26Saia and the LTL network still being built Saia is the right comparison after studying Old Dominion Freight Line2026-06-23 - Old Dominion Freight Line and the L…
CNQ: the oil factory hiding inside a commodity stock
v1Published 2026-05-12Updated 2026-05-12CNQ: the oil factory hiding inside a commodity stock As of: 2026-05-12 This is not investment advice. It is a research note meant to preserve the industry mecha…
Tejon Ranch Q1 2026: a land bank trying to become a cleaner cash-flow story
v1Published 2026-05-11Updated 2026-05-11Tejon Ranch Q1 2026: a land bank trying to become a cleaner cash-flow story Tejon Ranch is easy to misunderstand because the asset is obvious and the timing is …