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Small Cap TMT: The Idiosyncratic Method

TMT investing has historically favored thematic strategies, as innovation repeatedly remakes the landscape in favor of those able to exploit the rapid pace of evolution in the sector.  This is doubly true amongst small cap stocks, as traditional value and

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Ranked Preferences across Healthcare, Sub-Sector by Sub-Sector

Suppliers of Commodity Consumables (e.g. BAX, BCR, BDX, COV, HSP, OMI, others ) and Labs (e.g. DGX, LH) are most preferred; both are levered to improving volume comps near-term and reform-related volume gains mid-term; Commodity Consumables in particular escape price

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Storage: Disrupt This!

The history of the data storage market has been marked by wrenching disruptions catalyzed by technological innovation.  We are in the midst of such a disruption at the device level, as the rise of portable devices and cloud applications is

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CES 2011: Tablets, Smart TVs, and 4G – Ready for Prime Time

  Taken as a whole, CES firmly supported our key market hypotheses.  Tablets and smartphones are the devices of the future, likely to crowd out PCs as consumers lead the market charge to portable platforms and cloud based applications.  Living

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On-line TV: A Cycle Ride to the Tipping Point

In the debate over the future of cable television, “cord cutting” is often presented as a static yes/no choice.  We believe this oversimplifies a complex chain of negotiations and choices by an evolving set of participants that are repeated in

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Co-Pay Cards and the Stalling of Drug Rebate Growth

For the first time, because of growth in both rebate percentages and brand drug prices, rebates paid for preferred formulary status now appear to roughly equal the spread in non-preferred (e.g. tier 3) and preferred (e.g. tier 2) co-pays Co-pay

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Protected: December 22, 2010 – Net Neutrality: The FCC Takes Over the Top Under its Wing

There is no excerpt because this is a protected post.

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December 7, 2010 – Enterprise IT Spending: Worry About the Government

If enterprise IT spending were to follow closely to historical precedent, we might expect the rebound from the exceptionally weak 2009 to accelerate going forward.  Strong corporate earnings and modest economic growth ought to be enough to signal a pick-up

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Protected: December 1, 2010 – Demand Trend Improves Starting 4Q, Ortho & Commodity Suppliers Benefit Most; Why HDL-C Drugs May Be Bigger than You Think

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November 22, 2010 – 4G: The Cure for the Common Cord

4G technology is following a 10 year roadmap toward download speeds that will allow wireless carriers to successfully compete for broadband and video with traditional cable, satellite and telco operators.  With the added advantage of mobility, the ability to launch

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