FRAGMENTS
FRAGMENTS of deep-value research inspired by Peter Cundill — overlooked companies, hidden assets, neglected balance sheets, and $1-for-50¢ opportunities.
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 415 | Founded | a year ago | Last Issue | 2 days ago |
| Active | |||||
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cundilldeepvalue.substack.comLatest Issues
WHAT IF WE SPRAYED WALL STREET WITH ROUNDUP?
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Would Wall Street work better if someone sprayed Roundup on it?
Imagine a product capable of finding everything rotten without touching what still has value. It would clear out companies that have spent years consuming more...
DEEP VALUE REPORT — Claros Mortgage Trust ($CMTG)
Hidden Value in plain sight
THE FRAGMENTS RECORD — Monthly Review July 2026
Hidden Vaue in plain sight
RECTOMYOPIA
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RECTOMYOPIA
When Every Financial Data Point Looks Like Shit
A company reports a good quarter. Revenue is up, so demand was probably pulled forward. Margins improved, which means management must be cutting too deeply. D...
THE NEXT DEBT WALL
Which Industries Are Most Exposed—and Where the Real Opportunities Are
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| Subscribers | Engagement | 77 | Monthly Web Visits | ||
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| Accepts Sponsors | Estimated Cost per Ad | ||||
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The writers behind this newsletter.
FRAGMENTS finds the pieces the market leaves behind — hidden assets, neglected balance sheets, broken stories — and puts them together before the crowd does. Deep value in the spirit of Peter Cundill.
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