Independent United States Equity Research No sell-side conflicts. No AUM. Just the filings.
NOVAROCK Independent Equity Research Subscribe
Services

What's free, and what's coming

Every report we publish — full write-up, cited figures, and a plain Buy, Sell and Hold call — is free to read, and the fair value calculator on this site is free for anyone to use. A monthly subscription tier is on the way for additional reports available only to subscribers.

$0 / free, today

The Margin of Safety Letter

Every report we publish, in full, no paywall.

  • Research notes by email as they publish
  • Full thesis, risks, cited figures, and a Buy or Sell call
  • Access to the public research archive
  • The fair value calculator on this site
Join free
Coming soon / monthly subscription

Subscription Reports

Not live yet. Everything in the Margin of Safety Letter stays free when this launches.

  • Additional reports published only for subscribers
  • Planned monthly cadence, on top of the free archive
  • Pricing: $25/month - Launching Winter 2026
Get notified at launch

What a subscription will be — and won't be

NOTE

When it launches, a subscription will buy you extra reports. It won't buy you a personal recommendation, a portfolio review, or advice tailored to your situation — see the research disclaimer. Every Buy or Sell call we publish, free or subscription, is our general opinion on the company, not advice for any individual reader. If you want ongoing, personalized investment advice, that's a conversation with a licensed financial advisor, not a subscription to a research letter.