Ulta Beauty

SEC rules force companies to name customers above 10% of revenue. Here's how to use that disclosure to size cyclical and single-point-of-failure risk in your holdings.

Same-store sales tell you about the past. For growth restaurant concepts, AUVs, cash-on-cash returns, and new-unit productivity tell you about the future.

Real yields move equity multiples, but with a lag and unevenly across sectors. Here's a framework for tracking the linkage and spotting which names get hit first.