Archive for June, 2012

Home »

ACA Post-SCOTUS – What Matters Now

The Court’s rule modifying the Medicaid expansion (you can make the additional federal funds conditional on state participation in the expansion, but not all Medicaid funds) appears to be violated by the ACA’s Medicaid maintenance of eligibility (MOE) provisions MOE

Read More

Quick Thoughts: Google – Innovation, Fast and Furious

–          Google’s I/O conference yielded the Nexus 7 tablet, details on Android 4.1, an Events feature for Google+, the Nexus Q home media hub, new content agreements and a cool Project Glass demo. –          The specs on the Google-designed Asus

Read More

Quick Thoughts: The Rain in Spain (and Greece, and Italy, and …)

  –          European economic turmoil will undoubtedly affect tech, an inherently global sector with 30% of industry revenue coming from the region –          The impact on individual companies is a product of their individual geographic exposure, but also their participation

Read More

Quick Thoughts: Mister Softy Takes the Gloves off

  –          Microsoft’s Surface line of tablets is the first real challenger to the iPad – Windows/Office compatibility, ingenious keyboard cover, and serious specs will find an audience. –          Surface is a warning shot to OEMs –Android tablets have been

Read More

SSR Index of Current-Quarter Demand Growth; Raising Estimate to 3.3% from 3.1%

Hours worked in healthcare settings have grown more rapidly; this signals strong patient volumes, thus the increase in our estimate of unit demand from 1.4% to 1.6%. Our estimate of nominal pricing is unchanged at 1.7% We estimate only a

Read More

The Mechanics of Commercial HMOs’ Gross Profits: Why MLRs Should Remain Stable

Estimates and share prices for the commercial HMOs imply rising medical loss ratios (MLRs); stable MLRs are more likely, thus the sub-sector appears under-valued   Since 1961, 5 of the 6 MLR peaks and 6 of the 7 MLR troughs

Read More

TMT: Paradigm Shift! Which Side are You On?

  The TMT sector is in the midst of a comprehensive once-in-a-generation paradigm shift driven by the contemporaneous maturation of several key innovations that offer consumers and businesses new and significantly better ways to use information.  In this, we expect

Read More

Quick Thoughts: Apple’s WWDC – More Ponies Than Dogs

  –          As expected, Apple has integrated new functions into iOS6, including its own Maps technology, squeezing Google and other 3rd party apps in the process. –          New MacBook Airs and Pros up the ante for future Windows8 ultra books,

Read More

Sector & Sovereign Industrials & Basic Materials: Monthly Review June 2012

Despite a month of broad absolute and relative underperformance valuation changes in May did not do enough to alter our view. The Paper sector underperformed but remains very richly valued in our view, though commodity pricing in the sector is

Read More

Quick Thoughts: Oracle – When is the Cloud, Not a Cloud?

  –          Oracle has introduced new versions of its enterprise application software designed to be cloud-friendly, along with a revamped program for hosting services. –          Oracle’s “shared tenancy” approach is defensive, shielding its customer base from competitive inroads, but failing

Read More
test