Ryunsu SungNov 17, 20258 minResearchNov 17, 2025Strategy, With (Not) Much Strategy for InvestorsDigging into the strategy of Strategy, the first-ever “Bitcoin asset trust company” and a pioneer of crypto financial engineering.20Research
Ryunsu SungSep 17, 202515 minResearchSep 17, 2025Oracle’s Blowout AI Results: The Birth of a Cloud Player That Could Overtake Amazon? The GPU Investment Cycle Enters Bubble TerritoryWhat Oracle’s surging RPO growth tells us about a potential AI capex bubble — and the key points investors should consider.20Research
SSungwoo Bae Jun 17, 20255 minResearchJun 17, 2025Johnson Controls International (JCI) ResearchJohnson Controls International (JCI) Premium Research20Research
SSungwoo Bae Jun 03, 20255 minResearchJun 03, 2025Performance Food Group (PFGC) ResearchPerformance Food Group (PFGC) Premium Research10Research
Ryunsu SungMay 29, 202510 minResearchMay 29, 2025Analysis of U.S. Household Credit Risk – Q1 2025In the first quarter of 2025, U.S. household debt increased slightly, but rapidly worsening delinquency rates are raising concerns. In particular, the share of seriously delinquent loans has risen markedly in student loans and mortgages, signaling a weakening in households’ repayment capacity.10Research