The Index
400 dossiers
A research screener for every company we cover. Search a name or ticker, then sort and triage dossiers by coverage freshness, our conviction and trading relevance.
Space· ATRO
A genuine post-COVID turnaround now firing on operating leverage (Q1 op margin 11.8%, book-to-bill 1.26, $734M record backlog) — but the stock already 3x'd to a ~64x trailing / ~27x forward P/E that prices the recovery as permanent, leaving thin margin of safety with a levered balance sheet and a live Lufthansa patent overhang.
Space· ASTS
A pre-revenue option on owning the only direct-to-unmodified-phone cellular layer in space — FCC-blessed and ~$4.5B-funded through ~90 satellites, but the entire bull case is a single binary that resolves in 2027: can it manufacture, launch, and switch on a 45–60 satellite constellation before Starlink's good-enough text/voice layer makes "broadband from space" a feature nobody pays a premium for. At ~$31B on $71M of 2025 revenue, the market is already paying for flawless execution it has not yet seen.