Cannibal Stocks Research Library

Start here. Cannibal Stocks is a research library for investors looking for share cannibals, scarce assets, misunderstood cyclicals and compounders that return capital intelligently. Use the five collections below to find the core research.

Met Coal & Scarce Supply

Long-form research on metallurgical coal, cost curves, reserves, buybacks and the companies positioned for a structurally tight market.

• Alpha Metallurgical Resources: Long-Term Investment Thesis

• AMR Stock Buybacks: Why the Float Is Disappearing

• AMR vs. Warrior Met Coal

• Mongolian Mining: Trading Near Liquidation Value

• Whitehaven Coal Valuation and Risks

Offshore Drilling & Deepwater

Fleet values, debt, dayrates, rig scarcity and the long-cycle economics behind Transocean, Valaris and offshore drilling.

• Transocean: Complete Offshore Drilling Analysis

• Transocean Valuation: What Is RIG Worth?

• Transocean Debt Stress Test

• Valaris Stock Valuation

• Offshore Drilling Supercycle

Share Buybacks & Cannibal Stocks

The framework behind the publication: when repurchases build generational wealth, when they destroy value and which companies are shrinking fastest.

• Share Buybacks Explained

• 50 Share Buyback Stocks

• AutoZone: The Ultimate Buyback Compounder

• AutoNation vs. AutoZone

• EOG Resources: Buybacks and Free Cash Flow

Buffett, Munger & Mohnish Pabrai

Investment case studies, mistakes and first-principles thinking from some of the greatest capital allocators.

• Kaspi.kz: Why Mohnish Pabrai Is Buying

• TAV Airports: Why Pabrai Owns More Than 5%

• How Pabrai Lost $100 Million on Horsehead Holding

• Charlie Munger’s Belridge Oil Mistake

• Warren Buffett’s First Investments

Compounders & Special Situations

Decentralized software, hidden assets, network effects and unusual situations where value is easy to miss.

• Mark Leonard and Constellation Software

• Lumine Group: Mark Leonard’s 50-Year Stock

• Topicus: Europe’s Constellation Software

• Copart: The Junkyard Stock Down 50%

• Sable Offshore: A $25 Billion Asset at $600 Million

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About the Research

Written by Sandro Marinkovic, author of How to Invest in Stocks and an industry professional working inside the coal sector. Research draws on company filings, earnings calls, industry data and first-hand field work. Positions can change. This publication is educational and is not financial advice. Read more about the author and methodology.