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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
You’re familiar with our employment of royalty companies, of which Texas Pacific Land Corp. is but one. Unfortunately, the focus...
— Murray Stahl
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Other investors who've written on Texas Pacific Land Corporation
This asset-rich royalty trust operates with virtually no overhead expenses, generating higher profit margins than software giants. Despite internal governance...
Texas Pacific Land Corporation ($TPL) is one of the largest private landowners in Texas, holding substantial surface and royalty acreage across the Permian Basin. Horizon Kinetics maintains...
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Cboe Global Markets ($CBOE) represents an attractively valued regulated derivatives exchange pursuing near 24/5 U.S. equity trading.
Amazon.com, Inc. ($AMZN) is a global e-commerce and cloud computing provider whose commercial profile is undergoing a rapid transition toward capital-intensive AI data center infrastructure. Horizon Kinetics maintains...
Penske Automotive Group ($PAG) has compounded EPS at 14% annually over 15 years, trading at 11x P/E, with a recent take-private buyout proposal for its remaining public float.