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Section

Stocks

Company analysis and equity theses, with the arithmetic in the open.

AstraZeneca's Summit stake buys time, not certainty Stocks

AstraZeneca's Summit stake buys time, not certainty

AstraZeneca's Summit investment is best read as financing math: at Summit's recent cash burn, the gross check adds 45.6 months of runway…

Oct 1, 2026 6 min read BlackMoney Desk Akamai’s Anthropic Deal Turns on Annual Revenue, Not Hype Stocks

Akamai’s Anthropic Deal Turns on Annual Revenue, Not Hype

Akamai’s $11.6 billion Anthropic contract equals $11.6 billion / 7 years = $1.66 billion a year, before capex and execution risk.

Sep 27, 2026 6 min read BlackMoney Desk Paramount-Warner math now turns on a 26.5% debt layer Stocks

Paramount-Warner math now turns on a 26.5% debt layer

The settlement moves Paramount’s Warner Bros. Discovery deal from courtroom risk toward balance-sheet math: $110.0 billion of enterprise…

Sep 21, 2026 6 min read BlackMoney Desk Generac’s Amazon deal makes backup power the equity story Stocks

Generac’s Amazon deal makes backup power the equity story

The Amazon supply agreement is large enough to reframe Generac: initial deliveries equal 57.0% of 2025 sales, before any upside from the…

Sep 18, 2026 6 min read BlackMoney Desk Dave & Buster's Equity Problem Is EBITDA, Not Just Sales Stocks

Dave & Buster's Equity Problem Is EBITDA, Not Just Sales

Dave & Buster's reported an adjusted EBITDA decline of $30.9 million, calculated as $129.8 million minus $98.9 million, showing that softer…

Sep 15, 2026 6 min read BlackMoney Desk Snowflake's AI bump prices a $230 million guide raise at 48.1x Stocks

Snowflake's AI bump prices a $230 million guide raise at 48.1x

Snowflake raised product-revenue guidance by $230 million; the stock's net two-session move added about $11.06 billion of equity value.

Sep 6, 2026 6 min read BlackMoney Desk Broadcom’s 46% cash margin is the AI-chip number to watch Stocks

Broadcom’s 46% cash margin is the AI-chip number to watch

Broadcom’s key number is 46%, calculated as $13.665 billion of free cash flow divided by $29.591 billion of revenue, or 46.2%, rounded to…

Sep 3, 2026 7 min read BlackMoney Desk Nvidia’s AI buildout now equals 2.90 quarters of revenue Stocks

Nvidia’s AI buildout now equals 2.90 quarters of revenue

Nvidia’s earnings beat was real, but the cleaner equity question is capacity risk: $279 billion / $96.221 billion = 2.90 quarters of latest…

Aug 29, 2026 8 min read BlackMoney Desk How to analyze a stock from scratch, in seven steps and no shortcuts Stocks

How to analyze a stock from scratch, in seven steps and no shortcuts

A complete route from "this company looks good" to an actual number, with the calculations spelled out and the places the analysis usually…

Aug 17, 2026 3 min read Ellen Marsh The dividend yield trap: when 12% is a warning, not a prize Stocks

The dividend yield trap: when 12% is a warning, not a prize

Yield is a division, and there are two ways for the result to get large. Only one of them is good news for the person buying today.

Aug 5, 2026 2 min read Ellen Marsh