About Us + Disclaimers
Ragnarok Research is an investment research entity run by university students from Copenhagen, Denmark
We are a team of 18-year-olds publishing our research on the stock market.
We have three divisions: Quant trading(discontinued), Long-Short ideas(passive investments) and Activist longs(pushing for change)
Our mission is to be a force in the market to bridge valuation gaps in the equities market- either by commenting on frauds and fads, or deeply undervalued securities that deserves a re-rating, or even making a stand against the directors of a company and pushing them to realise trapped value.
Ragnarok Research publishes investment research and opinion on publicly traded companies. Everything we publish reflects our opinions and is provided for informational purposes only. Nothing we publish is investment, legal, tax, or accounting advice, a recommendation to buy, hold, or sell any security, or an offer or solicitation of any kind, and nothing we publish creates any advisory or fiduciary relationship between Ragnarok Research and any reader. Our reports are not solicitations of any proxy, consent, or authorization with respect to any securities within the meaning of Section 14(a) of the Securities Exchange Act of 1934, and no proxies are solicited by anything we publish.
Our publications are biased. Each report states its orientation; you should assume every report is written from the disclosed bias and that we may profit if the covered security moves in the direction of that bias. You should assume that, as of the date and time of any publication, Ragnarok Research — possibly along with or through its members, partners, affiliates, employees, consultants, clients, and/or investors — and/or unaffiliated third parties with which Ragnarok Research may have financial relationships, directly or indirectly hold positions in, or derivatives linked to, the securities of covered issuers consistent with the stated bias of the applicable report. Any such relationships may include compensation to Ragnarok Research that is contingent upon, and determined by reference to, such third parties’ trading profits in the covered securities, giving Ragnarok Research a direct or indirect economic interest in the price performance of those securities. You should further assume that any such positions may be increased, reduced, or closed, in whole or in part, at any time — before, upon, or promptly after publication — without notice; such activity does not reflect a lack of conviction in the views expressed. Neither Ragnarok Research nor any related party undertakes any obligation to disclose position sizes or counterparties, to notify readers of changes in positions or views, or to update any publication.
Statements of fact in our publications are derived from public sources — including filings with the U.S. Securities and Exchange Commission, company press releases, earnings calls, and press reports — that we believe to be accurate and reliable as of the date of use. Such information is presented “as is,” without warranty of any kind, express or implied, and we make no representation as to its accuracy, timeliness, or completeness; readers should verify all facts against the primary sources. All other content — including valuations, estimates, projections, characterizations, and views on actions any company or board should take — consists of statements of opinion, made in good faith on the basis of the cited disclosed facts. Our publications may contain forward-looking statements that are inherently uncertain; actual outcomes may differ materially. Our research is prepared solely from publicly available information; we do not seek, accept, or use material non-public information. Unless expressly stated otherwise in a specific publication, nothing we publish alleges unlawful conduct, fraud, or breach of fiduciary duty by any person; our criticisms concern structure, incentives, disclosure, and capital allocation, on which reasonable people may disagree.
Use of this site and our publications is at your own risk. You are responsible for your own investment decisions and for conducting your own due diligence, and you should consult your own financial, legal, and tax advisers. To the maximum extent permitted by applicable law, Ragnarok Research and its related persons shall not be liable for any losses or damages arising from any use of, or reliance upon, anything we publish. By accessing our publications, you agree to these terms.
Sincerely,
Ragnarok Research
