About the author
01Jasvinder Singh founded NovaRock Global Research to publish filings-based equity research that is free to read, with the assumptions printed on the page so readers can check the work. Every note is reviewed and approved by him before publication.
He also runs NovaRock Advisory and is an IRS-authorized paid tax preparer. NovaRock Global Research is a separate, independent research publication; see the About page and the research disclaimer for the full disclosure of these roles.
How a note is produced
02- Analyst. Filings-first research and a multi-stage DCF, with comparable-company cross-checks.
- Risk review. A separate pass that challenges the numbers, the sources and the rating.
- Final edit. Wording, citations and disclosures are tightened.
- Approval. The note is reviewed, finalized and approved by Jasvinder Singh, and dated.
Drafting uses AI-assisted research tools. That is disclosed on every note, and the approval is a human one.
Published notes
03The Marzetti Company: fair value $160.33 against a $104.47 price
DCF-based BUY; the economic-profit cross-check disagrees.
German American Bancorp: fair value $40.57 against a $48.79 price
Excess-return HOLD; the price sits near the top of the range.
Donaldson Company: fair value $88.79 against an $87.56 price
DCF-based HOLD; the price sits inside the sensitivity range.
Choice Hotels International: fair value $43.58 against a $105.64 price
DCF-based SELL; the closest peer, Wyndham, points the other way.
Contact
04Corrections and coverage requests: editor@novarockcorp.com or the contact form. We do not accept payment in exchange for coverage or a favorable conclusion.