Markets, capital, and the discipline of patient investing.
RFC Capital Research publishes the independent analysis of Ruslan Averin — an investor focused on public markets, sovereign and corporate fixed income, cross-border real estate, and capital allocation across emerging and frontier markets.
No institutional mandate, no house view to defend — a working record of how one investor thinks about risk, value, and the markets most analysts avoid.
Consolidated Water — A Debt-Free Desalination Micro-Cap on Sale
Ruslan Averin's Consolidated Water (CWCO) analysis: a net-cash Caribbean desalination utility with a hidden US engineering arm and a $149M backlog, punished on a permit delay.
MarketsGlobal Water Resources — A Monthly Dividend on the Fastest-Growing Water in America
Ruslan Averin's Global Water Resources (GWRS): a micro-cap monthly-dividend utility on Arizona's booming Sun Belt corridor, with a recycling moat and a payout to watch.
MarketsGorman-Rupp — A 53-Year Dividend King in Pumps, Now Priced for It
Ruslan Averin's Gorman-Rupp (GRC): a 53-year Dividend King making the pumps that move water, fire and fuel — record backlog and de-leveraging, but richly valued after a big run.
MarketsH2O America (formerly SJW) — A Dividend King Hiding Behind a New Ticker
Ruslan Averin's H2O America (HTO) analysis: the old SJW Group rebranded and re-listed — a 58-year Dividend King guiding to a 13% rate-base CAGR, now at a fresh high.
AnalysisAppLovin Dropped 13% on Nothing — When the AI Trade Sells the Best First
Ruslan Averin's AppLovin stock analysis: APP fell 12.7% to $442.85 with no company-specific news, caught in an AI-and-semiconductor risk-off that hit high-multiple names hardest.
AnalysisIBM's 25% Crash — Its Worst Day Ever, and What It Says About AI
Ruslan Averin's IBM stock analysis: IBM cratered 25% on July 14 — worse than 1987 — after warning Q2 fell short as AI capex siphons budgets away from software.