stock-industry-review

# Stock Industry Review ## Purpose Read 10-K "Competition" sections, MD&A market commentary, and external industry-size data with the eye of a strategy analyst. The financial statements tell you what the company *did*; this skill tells you what the industry will *let it keep doing*. Surface moat type and durability, market-share trajectory relative to industry, pricing power evidence, and structural threats. Output Findings that the orchestrator uses to model Bull/Base/Bear scenarios — moat strength caps the multiple expansion, and competitive pressure determines margin sustainability. ## When To Use - Orchestrator dispatches industry review (always-on at all depths; Lite runs the lighter moat-type + share-trend pass only — no full Porter scan). - User asks "what's the moat", "is <ticker> losing share", "who are the competitors", "what's the TAM". ## When NOT To Use - Business model classification → `stock-business-review` - Margin trends → `stock-earnings-quality-review` - Management quality → `stock-management-review` ## Mandatory Gates ### 1) Execution Integrity Gate Read 10-K Item 1 "Competition" section AND at least one external source (analyst report, industry association, or comparable peer's 10-K) for triangulation. The company's own description of competition is self-serving. ### 2) Quantification Gate "Strong competitive position" is not a Finding. Quantify: market share %, share trend, TAM $, growth rate. If you cannot quantify, suppress. ### 3) Moat-Type...