About: Thanks for visiting Capital Incentives. My intention for this blog is to provide quality equity research diving into individual companies within a handful of sectors. This is a free blog and my current plan is to use it as a place to post my investment research publicly and engage more with the investment community.
A little about me: My name is Ali Ragih and I’ve been working at Verity, and its predecessor company InsiderScore, since 2013. As a senior Analyst at Verity, I’m fairly niche by covering buyback programs, insider trading (executives/directors buying and selling their stock, as reported to the SEC), and some ancillary data. I also contribute via data analytics and product management. I’ve lived most my life in Washington having studied in state at Western Washington University where I majored in Economics. I’m also a CFA charterholder.
What you can expect: I write one deep dive per month by analyzing a company and digging into the competitive landscape to understand any differentiated edge. I lean heavily on 10-Ks to learn about companies, and I like to read proxies to gain insights into how management teams are motivated. I regularly read through conference calls and have some other favorite financial resources. After issuing a deep dive, I’ll leverage those insights to also write earnings recaps on select companies. Not all companies I’ve written about will continue to get earnings recaps but instead, continue to follow some of my favorite companies.
I’ll focus on TMT, consumer and industrial companies while avoiding mega-cap stocks that are already overly covered by other analysts. Those sectors cover a big chunk of the market so I’m basically a generalist. As with most investment analysts in the market, there’s always more to learn. At times I may be wrong, and it’s quite possible I am. So please reach out and let’s chat. Hopefully my biases will still leave me objective. Not every stock I write about will be a great long because that’s impossible with the amount of resources I’m spending you may read about several neutral/fair valued stocks.
The Research: Analysis will include an overview of the subject company and its business model, competition, capital allocation, management and their incentives, outlook and valuation. I like to create DCF models for valuation, though it’s not an end-all-be-all. For me it’s like putting a face to the name — it helps visualize an outlook. I tend to create five year DCF models rather than 10-years. Most investors can’t forecast beyond a few years so why try 10 years.
Feedback: I’m open to feedback. Message me through substack, twitter or LinkedIn.
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