A company spends years being valued as one thing, a memory commodity, a niche hardware maker, a boring HVAC industrial and then the market changes it’s thinking and the stock explodes in value. The multiple expands. The story changes. That’s a re-rate, and if you owned it before the recognition, you didn’t need leverage, options, or timing. You needed to see the future slightly earlier than everyone else, and then do the hardest thing in investing: hold on.
That’s what I look for. Not trades. Not alerts. The small number of companies positioned in front of technology shifts the market hasn’t priced yet.
Every stock that took this path, like Apple or Nvidia, AMD made its money for the people who understood why they owned it and sat still. I built this newsletter around a common sense version of that: finding which companies are sitting in a great position with great management in a sector that will be worth a lot more in the future. I spent a decade as a financial advisor and share my expertise as I would be doing this anyway. I also write for seeking alpha, and you can see my work here: Blake Callahan Seeking Alpha
A track record you can check. In 2025, I published the case for Micron as the most undervalued AI play — HBM memory as a chokepoint of the AI buildout — when the market still saw a commodity cyclical. That call is the template for everything here: find the re-rate before the reprice.
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Free subscribers receive selected research, market commentary, and three fully disclosed positions from my portfolio, thesis, entry logic, and ongoing updates.
The Re-Rate is my personal portfolio and my personal research, published for informational and educational purposes. It is not individualized investment advice — I don’t know your situation, and nothing here is a recommendation tailored to you. I own the securities I write about and will always disclose my positions. Do your own diligence; markets carry risk, including the loss of capital.