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.
Why the Banyan Lane
I grew up in the woods of Maine, where trees were a constant presence. The Banyan was a later and 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.
