01
Activist · Multiple Growth Drivers
Fox Factory Holdings
Engine Capital secures board seats and Transformation Committee; CapEx dropping below 1% in 2026; FCF becomes explicit #1 priority
Members
Every month, Snowball Research reviews 7,000+ SEC filings, 80+ fund letters, and every activist 13D to find U.S. companies under $5B where something just changed — and most people haven't noticed yet.
"Fresh, unbiased data which allows independent consumers to formulate their own opinion. Unique, stellar and a bargain."
"Raghu's research saves us an enormous amount of time. Our payback on subscribing is enormous."
"The best research idea generation service you've never heard of."
"A tremendous research tool that literally does the heavy lifting to help you find needle-in-the-haystack investment ideas."
"In a world of too many research services providing too many reports of dubious value, Snowball stands out as a worthwhile and differentiated publisher."
"I've been getting these awesome in-depth research reports flagging interesting ideas and special situations. Highly recommend — purely qualitative, special situation screens."
"Your product is a good statistical reminder of companies undergoing changes. It exposes me to companies I might not be taking a look at. A good starting point for further investigation."
"Snowball is a tremendous research tool for value- and change-oriented investors that literally does the heavy lifting to help you find great, needle-in-the-haystack investment ideas."
Subscribe to unlock all 17 ideas in this report, the complete archive of past reports, the 8-K Project, 13D tracker, and 80+ fund letters reviewed every month.