TER
the council passes — AVOIDTERADYNE, INC.·Industrials
Priced for a story the numbers don't yet back.
58/100C
Price at last run$337as of Jul 8, 2026
quality large-capHigh returns on capitalROIC ~18% — it earns well on the money it puts to work.
Fat operating margins31% operating margin — pricing power / a real moat hint.
Clean balance sheetLow leverage (debt/equity 0.00).
Catalystnone yet
✕Why not
The honest case against — what most tools hideMain riskvaluation stretched
Hype / valuation riskThe price already embeds a lot of optimism; a stumble re-rates it hard.
Demanding valuationTrading at ~97× earnings — little room for error.
ShrinkingRevenue contracting (-2%).
What keeps us out
- Paying up here — we'd want a better entry price.
- Growth slowing while the multiple stays rich.
Patience price & distance
as of Jul 8, 2026 runThe patience price is where value discipline would let the council in — deliberately strict: we'd rather miss ten winners than own one loser.
Catalyst
none yet
A catalyst is a plausible reason the gap could close — never a certainty.