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Category: research Research
Our Chicken Pox Theory on the HC REITs
Upon contracting Chicken Pox, one can expect not to suffer the disease again. As a means to explain our view on the health care REITs, and specifically on past/ current/future legal action related to Medicare billing practices of post-acute/ SNF operators, we invoke a parallel analogy with the Chicken Pox "one-and- done" nature
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Category: research Research
Preliminary iPhone SE Teardown: Full RF Content in a Value Phone
We take a look at a preliminary teardown of the newly released iPhone SE
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Category: research Research
Preview: A Look at the China Handset Market and Telco Spend with Huawei
We are hosting a call with Huawei. Huawei is a key leader in the China Telco switch and router market with almost 80% share, and in the global carrier Telco market with 20-30% share
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Category: research Research
Neutral Takeaways from GameStop's F4Q16 Earnings
We would like to highlight some key takeaways from GameStop's 4Q earnings on March 24, 2016 for the quarter ending January 2016 as they pertain to our Interactive Entertainment coverage universe
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Category: research Research
A 3D-NAND and SSD Industry Update, and the HDD Roadmap
We believe increasing NAND supply will be a drag on the HDD industry, which is facing challenges with weak PC demand, a flat high performance market, and margin headwinds such as Toshiba
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Category: research Research
The Gang of Eight; A Look at the Multifamily Sector Yields Four Rating Changes
Since our multifamily 4Q15 wrap-up report on 2/8/16, the eight stocks have rebounded as we expected -- collectively up ~12% (excluding EQR, which has been disrupted by its special dividend), or 200bps above the REIT average
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Category: research Research
Herbivores or Carnivores? M&A Pace Alive and Well
M&A doesn't look like it's going away. With two transactions already announced this year, and news reports that another company is considering its "strategic alternatives," the one question investors are asking is what are you: a Herbivore or a Carnivore?
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Category: research Research
Unveiling 2017 FFO Estimates; Key Themes to Watch
While we are among the last to issue 2017 FFO estimates, we do so intentionally as we believe accuracy and relevance of the estimates are enhanced with current year guidance in the books
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Category: research Research
RampUp! 2016 Key Data Takeaways: FB Takes the Cake
We attended the LiveRamp RampUp! 2016 conference in San Francisco. The conference had ~1,800 attendees including Facebook, Google, Adobe, Pubmatic, Turn, Yahoo, Tivo, Rakuten, Citigroup, Macy’s, and others