Snowball Research

There’s a universe of U.S. companies under $5B doing strange, strategic, or quietly significant things.

Some are falling apart. Some are fixing things.

Some just filed an 8-K that made us raise an eyebrow.

We don’t track everything. Just what might turn into something.

What We Actually Do

We don’t write 40-page reports on individual stocks or pretend to predict the next ten-bagger.

Stock Reports – Semi-detailed writeups on companies going through something—strategic shifts, new leadership, stock price crashes, unusual 13D/13F activity, restructurings, divestments, or leadership changes or just strange behavior worth looking into. Each piece is designed to help you decide if a name deserves deeper work.
Risk Alerts – NT filings, restatements, debt amendments, replacing three CFOs in a year, or accidentally saying too much in an 8-K. When filings get weird, we tell you.
Weekly Situational Summary – A curated scan of 13Ds, fund letters, asset sales, and companies waving the “strategic alternatives” flag—so you don’t have to drown in filings.

We’re not here to give you buy/sell calls. We’re here to sharpen your idea funnel.

Who It’s For

You know how to do deep research — you just need a better filter for which stocks are worth opening in the first place.

Built for:

Built for research-first investors with zero time for filler.
Built for analysts who ctrl+F SEC filings for the interesting parts.
Built for the kind of investor who reads filings like other people read fiction.

What We Don’t Do

We don’t make buy/sell calls
We don’t cover the S&P 500
We don’t pad our reports—we write what’s worth reading, and stop when it stops being useful.
We don’t take money from the companies we write about. No banking ties, no IR gigs, no “collaborations.” Just us, being nosy.

This isn’t full coverage. It’s selective attention.

If that sounds useful, we’re probably for you.

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If everybody's thinking the same thing, then nobody's thinking.” - General George S. Patton. That Indian Snowball provides fresh, unbiased data which allows independent consumers to formulate his or her own opinion. It is unique, stellar and a bargain. - J. Carlo Cannell, Cannell Capital LLC

Snowball is a tremendous research tool for value- and change-orientated investors that literally does the heavy lifting to help you find great, needle-in-the-haystack investment ideas. - William C. Martin, Raging Capital Ventures / Raging Capital Management LLC]

Raghu’s research saves us an enormous amount of time researching what other activists are doing with domestic public companies. He is on top of the latest news and he often supplements the news with value-added analysis and background about the activists and the executives. Our payback on subscribing is enormous. - David Nierenberg, The D3 Family Funds

In a world of too many research services providing too many reports of dubious value, Snowball stands out as a worthwhile and differentiated publisher. Further Snowball’s key personnel are responsive to input from clients and always trying to improve their product, which bodes well for the future. - Portfolio Manager (AUM: $200 million*)

Your product is a good statistical reminder of companies that are ongoing changes. It exposes me to companies I might not be taking a look at. While limited, it is a good starting point for further investigation. - Portfolio Manager (AUM: $200 million*)

I’ve been getting these awesome in depth research reports flagging interesting ideas and special situations via @snowballresearch. Highly recommend checking them out - purely qualitative / special situation screens - Adam Wilk, Greystone Capital Management LLC

The best research idea generation service you’ve never heard of. India-based Snowball provides a monthly monitor of special situations and shares a curated list of 10-15 high-potential U.S. stocks under $5 billion market cap - Edwin Dorsey, The Bear Cave ("2024 Hedge Fund Analyst Christmas List")