Terms & Disclosures
Nature of This Publication
This is an independent financial newsletter of general and regular circulation, published by Banyan Lane Capital LLC. The author is a private investor sharing research and opinions; the author is not a registered investment adviser, broker-dealer, or licensed securities professional.
The contents of this publication are for informational and educational purposes only. Nothing herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Subscribers should not act on any information in this publication without first consulting a qualified financial adviser who can assess their individual circumstances.
Position Disclosure Policy
The author may hold long, short, options, or other derivative positions in securities discussed in this publication. Each report will disclose the author’s position in the primary security discussed at the time of publication.
The author’s positions are dynamic. After the post-publication trading blackout described below, the author may buy, sell, cover, or otherwise modify positions at any time without further notice. The author’s personal portfolio decisions may diverge from published analysis due to risk management, liquidity needs, changed circumstances, or other factors.
Trading Blackout
To align the author’s interests with subscribers and avoid any appearance of trading on published recommendations, the author observes a 48-hour blackout period around publication. During this window, the author will not materially alter existing positions in the primary securities discussed in a report. This policy applies to the author’s personal accounts and any accounts over which the author has trading discretion.
No Issuer Compensation
Unless explicitly disclosed in a specific report, the author receives no compensation—directly or indirectly—from the issuers of securities discussed, from investor relations firms, from other investors, or from any party with a financial interest in the securities covered. This publication is funded solely by subscription revenue and is an independent, bona fide source of financial journalism. The author has no investment banking, consulting, or other business relationships with the companies discussed.
No Personalized Advice
This publication provides impersonal analysis distributed to all subscribers simultaneously. The author does not provide individualized investment advice through any channel—including comments, direct messages, email, or social media. Any responses to subscriber inquiries are for general informational purposes only. No communication with the author creates an adviser-client relationship or fiduciary duty.
If you require advice tailored to your specific portfolio, tax situation, or financial circumstances, please consult a qualified professional.
Social Media
The author maintains accounts on X (Twitter) and other platforms to share commentary and highlight published research. Posts on social media are summaries, excerpts, or general observations—not standalone investment advice. Social media posts should be read in conjunction with the full analysis available on this publication. The disclosure and trading policies described herein apply equally to social media activity.
Accuracy and Timeliness
The information in this publication is derived from sources the author believes to be reliable, but accuracy and completeness are not guaranteed. Research reflects the author’s views as of the publication date. Markets, fundamentals, and the author’s opinions may change. The author undertakes no obligation to update, revise, or withdraw prior analysis, even if new information emerges or the author’s position changes. Past reports may become stale. Subscribers should not assume continued validity of prior analysis without independent verification.
Forward-Looking Statements and Price Targets
This publication contains forward-looking statements, including financial projections, valuation estimates, and price targets. These statements involve substantial risks and uncertainties. They are based on assumptions that may prove incorrect, and actual results may differ materially—including the possibility of total loss.
Price targets represent the author’s estimate of intrinsic value under stated assumptions. They are not predictions of future stock prices, guarantees of returns, or recommendations to buy at any specific price. Stock prices are determined by market forces and may never converge to estimated intrinsic value.
Risk of Loss
Investing in securities involves risk, including the risk of total loss. Short selling involves theoretically unlimited risk. Options and derivatives involve additional complexities and risks. Past performance of any security or strategy discussed in this publication is not indicative of future results. You should only invest money you can afford to lose.
Limitation of Liability
To the fullest extent permitted by law, the author and publisher disclaim any liability for losses or damages arising from the use of, or reliance on, information contained in this publication. This includes direct, indirect, incidental, consequential, or punitive damages, whether based on contract, tort, or any other legal theory.
Intellectual Property
All content in this publication is the intellectual property of Banyan Lane Capital LLC and may not be reproduced, distributed, or republished without express written permission.
Contact
For general inquiries: info@banyanlanecapital.com
Last updated: January 2026