Banyan Lane Research
Independent equity research
I spent ten years as a long/short equity analyst at hedge funds after the typical investment banking path. My coverage spanned from consumer to industrials to technology. It was thesis-driven and aimed to 1) find mispricing, 2) understand why it exists, and 3) define the range of outcomes over one to three years.
That process is what I bring here.
Focus matters
Most returns in equity markets have always come from a relatively small number of stocks. In a period of rapid technological change, that concentration is likely to increase. The first half of 2025 through early 2026 already showed what disruption looks like when it hits a long-favored sector. Software, for years the market’s preferred compounder, experienced real destruction. The lesson is clear: capital will flow toward companies that enable the shift (disruption enablers), those that are themselves the disruptors, and those with genuine durability on a reasonable time horizon (immunity).
I also look for ideas that sit at the intersection of at least two of three characteristics: cyclical, secular, or idiosyncratic. The mispricing must have a clear name - neglect, complexity, forced selling, a misread print, or a market unwilling to underwrite duration. If I cannot explain why the opportunity exists and show the evidence, I am probably the one being taken. The typical horizon is one to three years, sometimes longer.
I publish ranges of outcomes, not recommendations, price targets, or trade alerts. The arithmetic between today’s price and the range is visible. You draw your own conclusion. Again, any future prices are not meant as price targets but are scenarios.
Why the Banyan Lane
The Banyan was a deliberate choice upon moving to a quiet, tropical, Miami neighborhood. It is defined by deep roots and expansive, self-supporting growth. Aerial roots become new trunks; what appears to be a single tree is often an interconnected system that can endure for centuries. It offers structure and shelter under a complex canopy while remaining firmly anchored.
That combination—rooted process, durable structure, and the capacity to compound over time—is the standard applied to the work here.
What you get
Free: The thesis, the mispricing and the evidence for it, and the range of outcomes.
Paid: The complete research including key debates, industry structure and business quality, model outputs, valuation work, and the risk/bear case. I will also likely launch a portfolio once enough ideas have been published to properly construct one.
Also available: Current themes, industry primers, and a graveyard of ideas that did not survive diligence.
This is research and commentary, not investment advice. I am not an investment adviser. Positions in covered names are disclosed. I do not materially alter a position in a covered name within 48 hours of publishing. Do your own work.
Banyan Lane Research is a publication of Banyan Lane Capital LLC.
