Before you take a position, you read the dossier. This module walks you through the core workflow of a buy-side analyst — from parsing a company file to sizing a trade. You'll work through five exercises, all anchored to a single case study: Halberd Industrial Group (HIG).
How it works
1
Reading the Dossier
Extract key financials — revenue, margins, and concentration — from a company file.
2
Spotting the Mispricing
Identify where the market consensus is wrong using segment and multiple analysis.
3
Building the Bear Case
Articulate the key risks that could invalidate the thesis.
4
Catalysts & Timing
Pin down the specific events that will force the market to reprice.
5
Position Sizing
Size the position correctly relative to conviction and portfolio risk.
Tip: The company dossier is always open on the left panel. Everything you need to answer the questions is in there — read it carefully before you begin.