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Adam Rosen
@ADAM_ROSEN · JOINED 2025
6.1K FOLLOWERS
Israeli defense and industrials.
Covering Elbit, IAI suppliers and the European procurement cycle.
LATEST
0:20
CALLESLT.TALongVIDEO · CALL
Elbit: capacity expansion is funded and the backlog already justifies it
The capital is committed and the demand to fill it is contracted. That is an unusually low-risk expansion.
AUG 19, 2026 · 7,719 VIEWS · 110504.13 → 213990.00 · +93.7%
Everything
0:20
CALLESLT.TALongVIDEO · CALL
Elbit: capacity expansion is funded and the backlog already justifies it
AUG 19, 2026 · 7,719 VIEWS · 110504.13 → 213990.00 · +93.7%
0:17
CALLLMTLongVIDEO · CALL · CARDS
Lockheed Martin: this demand is structural, not cyclical
AUG 16, 2026 · 12,933 VIEWS
0:19
CALLLMTLongVIDEO · CALL
Lockheed Martin: backlog composition changed more than backlog size
AUG 15, 2026 · 13,296 VIEWS · 520.67 → 524.46 · +0.7%
RESEARCHLMTLongCALL · THESIS · CARDS
Lockheed Martin: capacity expansion is funded and the backlog already justifies it
The capital is committed and the demand to fill it is contracted. That is an unusually low-risk expansion.
JUL 31, 2026 · 2,525 VIEWS
CALLESLT.TALongCALL · CARDS
Elbit: services revenue is compounding under a cyclical label
Aftermarket and services now contribute the majority of segment profit and grow independently of the equipment cycle. The whole company is still valued as a cyclical.
JUL 31, 2026 · 4,104 VIEWS · 114735.89 → 136494.19 · +19.0%
CALLESLT.TALong
Elbit: backlog composition changed more than backlog size
Backlog from the new customer set passed the traditional one for the first time. That diversifies the political and cyclical risk the multiple has always carried.
JUL 21, 2026 · 4,208 VIEWS
NOTEMATERIALS
ICL Group: end demand is destocking and the price is not reflecting it
The spot price is the last thing to move in a destock.
JUL 16, 2026 · 10,578 VIEWS
RESEARCHICL.TAShortCALL · THESIS
ICL Group: the order book is thinner than the spot price implies
The spot price is the last thing to move in a destock.
JUL 9, 2026 · 3,492 VIEWS · 1842.49 → 1711.90 · +7.1%
CALLLMTLongCALL · CARDS
Lockheed Martin: the order book has outgrown its historical anchor
Backlog from the new customer set passed the traditional one for the first time. That diversifies the political and cyclical risk the multiple has always carried.
JUN 29, 2026 · 9,310 VIEWS · 617.04 → 563.57 · -8.7%
CALLLMTLong
Lockheed Martin: three plants come online against a book that runs past 2029
The capital is committed and the demand to fill it is contracted. That is an unusually low-risk expansion.
JUN 26, 2026 · 5,603 VIEWS · 649.12 → 615.13 · -5.2%
CALLESLT.TALong
Elbit: the aftermarket is the business and it is undervalued
The installed base generates recurring revenue that the cycle does not touch, and it has grown every year for a decade.
JUN 15, 2026 · 3,418 VIEWS
RESEARCHLMTLongCALL · THESIS · CARDS
Lockheed Martin: services revenue is compounding under a cyclical label
Aftermarket and services now contribute the majority of segment profit and grow independently of the equipment cycle. The whole company is still valued as a cyclical.
JUN 12, 2026 · 1,137 VIEWS · 570.26 → 525.07 · -7.9%