Versus
Two Sides, One Question
Head-to-head comparisons read from the filings: one company against a rival, or one company's bond against its own stock. Every page ends by saying what the gap is pricing, which is a fact about the market rather than a view on what anyone should own.
Educational commentary, not investment advice.
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Sep 30, 2026 · $ORCL 2056 vs $ORCL · Bond vs Stock
$10,000 into Oracle's 30-year bond or $10,000 into $ORCL stock, both on the day the bond was sold. Which did better?
Since 2 February 2026 the bond is down 17.18% and the stock is down 17.16%. Three hundredths of a percentage point apart, from the same issuer, over the same eight months. What separated them was income.
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Sep 30, 2026 · $WMT vs $HD · Retail
$WMT at about 38 times earnings or $HD at about 20. Which is the better deal?
Home Depot lost about 29% of its market value in a year without missing a single guidance number. The whole move was the multiple. Here is what the gap between these two is actually pricing.
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Sep 29, 2026 · $NKE 2050 vs $NKE · Bond vs Stock
$10,000 into Nike's 2050 bond the week it borrowed $6 billion, or $10,000 into $NKE stock the same day. Which did better?
The bond has been run over by the worst long-end repricing in decades and trades near 64. It still lost only about a third as much as the stock.
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Sep 28, 2026 · $META 2062 vs $META · Bond vs Stock
$10,000 into Meta's first bond in August 2022, or $10,000 into $META stock the same day. Which did better?
Meta had never borrowed before August 2022. The bondholder is down about 13%. The shareholder is up about 349%. And unlike McDonald's, Meta's own credit spread widened.
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Sep 27, 2026 · $MCD 2050 vs $MCD · Bond vs Stock
$10,000 into McDonald's 30-year bond in March 2020, or $10,000 into $MCD stock the same day. Which did better?
McDonald's sold its 4.200% notes of 2050 into the COVID panic. Six years on the bondholder is up about 4% and the shareholder about 89%, and the reason is not the one most people reach for.