It definitely is. Not getting sued for potentially treble damages is game changing
10.03.2026 14:56
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It definitely is. Not getting sued for potentially treble damages is game changing
Below, we break down the math on how a lower-margin, high-AOV-compounding business could look after it switches to a high-margin, lower-AOV business.
The impact could be severe. Have a read.
www.cedargroveresearch.com/p/nvo-s-pres...
Without knowing what $HIMS will charge on top of the list price of $NVO drugs, we can estimate just how much that business will be impacted, depending on how much of its existing GLP-1 base transfers over.
www.cedargroveresearch.com/p/nvo-s-pres...
While litigation is off the table, the go-forward portion of the business, which is estimated to be >$800M in 2025, could look dramatically different for the next 9 months of the year.
www.cedargroveresearch.com/p/nvo-s-pres...
Yesterday, $NVO announced it was ending its suit against $HIMS, and the stock rallied hard. Investors were right to shoot first and ask questions later.
However, the future of the GLP-1 business still needs to be addressed.
www.cedargroveresearch.com/p/nvo-s-pres...
Do people actually believe that $QURE gets the new requested study tossed now that Vinay is out?
Genuinely asking
However, nearing mature gross margins, we struggle to see how this unprofitable company can expand much further, even on the heels of solid y/y growth.
See why below - earnings on March 12.
www.cedargroveresearch.com/p/ipo-notes-...
This morning, we released our newest note on the Once Upon A Farm $OFRM IPO.
Co-founded by actress Jennifer Garner, the co has seen wild success in its refrigerated/cold-pressed snack pouches.
www.cedargroveresearch.com/p/ipo-notes-...
1/2
Record Numbers of Workers Are Raiding Their 401(k) Savings
Last year, a record 6% of workers in 401(k) plans administered by Vanguard Group took a hardship withdrawal. That is up from 4.8% in 2024 and a prepandemic average of about 2%, according to Vanguard.
LMAO. Noom just said on their call with Evercore right now that they weren't entertaining the Lipomosal Wegovy pill because it didn't even pass their first bar of efficacy data 😂
Basically saying who knew if it even worked and this is him saying this before $HIMS launched it
FinTwit sentiment for almost everything
When the price is up: "Yea exactly, the market is right. Definitely makes sense."
When the price is down: "Market is wrong! It's these stupid shorts and Jane Street trying to tear it all down! You just don't get it dude! Manipulation!"
$REAL blew past estimates! +6% right now
People really do not understand the tailwinds with this trend and why $REAL is best positioned for.
$REAL is www.cedargrovecm.com 's 2nd largest position.
Factoring ~200bps of margin improvement in 2026 w/ growth just under GMV growth
"Unfortunately, raising taxes and cutting spending, the most straightforward solutions, are not politically palatable."
Thought this was interesting
Gross public debt-to-GDP ratios rose 42% on average in most recent global 2024 IMF data and now exceed 100% in seven of 10 developed markets
Tender offer going through by WHP for $LE shares at $45/share
By the end of the buying, WHP will own 7% of $LE
Remember, all you need is just ONE good idea to pay for a research services annual cost
To anyone that went in and tendered, congrats 🎉
Quite frustrating when you're looking at a company's adjusted EBITDA add-backs and they keep expensing things as if it's a "one-time charge" even though it keeps showing up quarter after quarter after quarter
Clearly, it's not a one-time expense!
Could make the argument!
A study done by Voy regarding weight loss outcomes from those who use digital health support
At every check-in, for those who were engaged, patients lost MORE weight than those who were not engaged. Supporting the role that weight loss support providers play in patient outcomes $WW
$EVLV is interesting because it seems like every week you get some type of deal or article highlighting a new deal/client or upgrade and yet this thing continues to dump
Great article on the case of why we actually **don't** have a housing problem
ofdollarsanddata.com/does-the-us-...
This trade is in the restaurant space, and after stock prices in the industry were hammered last year, it looks like sharks are starting to circle stable, asset-light businesses while valuations are depressed.
See which one we're talking about in the note below that could lead to a bidding war.
Yesterday, we released a quick special situation trade based on one of our six investment themes for 2026.
1/2
www.cedargroveresearch.com/p/quick-spec...
More lawsuits in the compounded oral world of GLP-1s
White-label telehealth provider, pharmacy sued over 'snake oil' compounded oral GLP-1
www.linkedin.com/redir/redire...
One could argue that if $WW stabilizes, a re-rating could move to the base case from the bull case
Something came up - need to cancel. Will do another day
Set a reminder for my upcoming Space on $HIMS
x.com/i/spaces/1vA...
As much as I want them to go that far, I also don't think they will. They'll eventually settle something but it will still be very crippling to HIMS now that it has to worry about $1 billion of debt
Since $NVO has decided to sue $HIMS, and I'm sure people are too lazy to click on things, here's the page from our March 3rd report explaining treble damages
BofA lowers $HIMS PT to $13