Founded in 2006, Voyant Advisors consists of four investment professionals seeking to identify publicly traded companies that exhibit significant risk of stock price underperformance.

The analytical process blends working capital and forensic accounting with in-depth fundamental research to provide clients with differentiated idea generation on companies with significant and unrecognized risk. Voyant publishes analysis of U.S. and European-listed companies in the technology, telecom, consumer, industrial and healthcare sectors with market capitalization of $1 billion and above, and daily trading volume of $15 million and above.

For over 30 years, The Spin-Off Report has been the preeminent independent research service for tracking and analyzing the spin-off space by covering all transactions over $250 million from announcement through the distribution date and 90 days post-completion.  Our comprehensive reports provide fair value estimates and buy/hold/sell recommendations for both the spin-off company and the parent and these may be updated periodically, based on peer and M&A multiples, changes to the distribution ratio as well as industry trends and market conditions.

The Spin-Off Report is the only service that provides detailed fundamental analysis, fair value estimates and trading recommendations on every spin-off.

Hidden Opportunities provides in-depth analysis of North American small and mid-cap companies that present a compelling sum-of-the-parts valuation with a potential future catalyst. This unique approach is based on a set of predictive attributes evidenced by our internal research process to be precursors to a value-unlocking event. Such events include spin-offs, carve outs, assets sales and outright takeovers.

The service presents these situations to clients long before the likelihood of such events are evident in the marketplace and reflected in the share price. The scope of our research process also includes ongoing or potential activist involvement, restructuring trends within a particular industry and the strategic rational behind separating disparate business segments.

Founded in 2004, Chain Bridge Research publishes three independent research services producing unbiased investment recommendations on global mergers and acquisitions.  The team of four dedicated analysts is led by Gábor Kökösy.

Three regionally focused M&A services cover transactions in North and South America, Europe and APAC with a target market capitalization greater than $300 million. Each service provides in-depth fundamental research and trading recommendations on every deal. Daily notes and weekly updates keep clients informed on all deals under coverage, supplemented by ongoing analysis on legal issues, shareholder approval, potential counter bids, valuation and timing. The service also includes comprehensive analysis on non-confirmed situations where the strategic rationale for the deal has been identified.

Horizon Kinetics, founded in 1994 and led by Murray Stahl, consists of twelve investment analysts responsible for the publication of five distinct research services. These services cover a range of investment strategies and asset classes. Three services are dedicated to the identification of undervalued companies, while others are focused on short sale opportunities, spin-off transactions, fixed-income investing and cryptocurrency.