Podcast Episodes

Delta Air Lines (DAL): The $2B fuel shock & the macro-immune traveler [Q1 2026]

Delta Air Lines’ Q1 2026 earnings reveal a fascinating paradox: record premium revenue colliding with a sudden $2 billion geopolitical fuel shock.

In…

3 months, 3 weeks ago

Aehr Test Systems (AEHR): The AI bookings surge & a simple clock error [Q3 2026]

Aehr Test Systems reported an anemic $10.3 million in Q3 revenue, but a 500% explosion in behind-the-scenes AI bookings is singlehandedly carrying th…

3 months, 3 weeks ago

Levi Strauss (LEVI): The hidden $35M tariff sandbag & the pivot past denim [Q1 2026]

Levi Strauss just delivered a massive Q1 2026, but the real story is a hidden $35 million earnings cushion secretly baked into their hyper-conservati…

3 months, 3 weeks ago

T1 Energy (TE): The solar fire sale & flipping solar for AI servers [Q4 2025]

T1 Energy’s Q4 2025 results look like a massive miss on paper, but beneath the negative gross margins is a deliberate inventory fire sale engineered …

4 months ago

Beyond Meat (BYND): The 5x share dilution & the pivot to GLP-1 diet drinks [Q4 2025]

Beyond Meat magically swung to a record $409 million profit in Q4 2025, but it required multiplying their share count by five and quietly abandoning …

4 months ago

NIKE (NKE): The $4B sneaker purge & the $230M cost of abandoning DTC [Q3 2026]

Nike’s Q3 2026 net income plunged 35%, but the footwear giant claims the pain is an entirely intentional move to save the brand's prestige.

In ~10 mi…

4 months ago

Sigma Lithium (SGML): Monetizing waste dust & the $151M liquidity cliff [Q4 2025]

Sigma Lithium’s Q4 2025 results present a wild paradox: management is marketing a "cash machine," while the filings reveal a brutal going concern ris…

4 months ago

Fermi America (FRMI): The sprint to build-up AI Power Infrastructure [Q4 2025]

Fermi America’s Q4 2025 reveals a massive $474 million infrastructure spending spree, even as a key prospective tenant walked away from a $150 millio…

4 months ago

Carnival (CCL): Cruise ships & the $500M fuel landmine [Q1 2026]

Carnival (CCL) just printed record Q1 2026 revenue, but a massive unhedged fuel bill and a buried depreciation tweak reveal a company running its eng…

4 months ago

The Metals Company (TMC): Seabed mining & scavenging dead oil rigs [Q4 2025]

In Q4 2025, TMC officially abandoned international gridlock for a total pivot to U.S. jurisdiction, pitching deep-sea mining as a matter of national …

4 months ago