Thank you for reading Shade Research! A newsletter on security analysis focusing on undervalued securities.

The Shade Research logo represents the unusual and undervalued equities that you can find when you look behind the popular high-flying equities.

Who reads my work?

A collection of institutional, and retail investors, interested in equity analysis comprise the majority of my subscribers.

A few comments from readers:

Great analysis and very interesting business👍 I've included the link to your in-depth analysis in RhinoInsight's latest Friday Roundup.

That's a great reflection on businesses with unusual moats!

Great write up.

Such a well written story. Thank you.

Maybe a 5% to 7% real return is a sort of financial constant throughout the ages.

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Researching and investing in undervalued securities


Value Investor