Rentokil: Will the Terminix Integration Deliver?
The market treats a 20%+ North American margin by 2027 as a scheduling problem. The back half of this integration may decide otherwise.
Former Employees
Harley-Davidson: Can the Dealer Network Sell the Recovery?
HOG betting its turnaround on a cheap entry bike. The strategy assumes a dealer network that's quietly falling apart can still sell volume. We're not sure it can.
CoreWeave: Can the Rental Model Hold?
A $99bn backlog, investment-grade debt, and a fleet of depreciating chips. We're mapping which one breaks first — and who we'd call to find out.