Company classification and routing

Standard valuation machinery assumes a lot. It assumes the firm survives long enough to reach stable growth. It assumes debt is a financing choice rather than raw material. It assumes this year's earnings say something about a normal year, and that there are earnings at all. It assumes the owner is diversified and the shares trade.

Point that machinery at a bank, a pre-revenue startup, or a firm at a cycle trough and it still returns a number. The number is confident and wrong. That is the most expensive failure mode in this domain, because nothing downstream flags it: the arithmetic is correct, the spreadsheet balances, and the answer is nonsense.

Routing comes first for that reason. This skill converts what is knowable about a company into a route — one primary engine, a set of overlays, an ordered pipeline, and a list of methods that must not be attempted. Gate G2_classified passes only when that route is written and valid. Every stage after it reads the route and honors it.

Full framework: knowledge/frameworks/special-situations-routing.md. This skill is its operating manual, and carries the parts an agent needs in hand.