Category Archive for "Published"
Apple Pay, Passbook, and the Convergence of Payments and Marketing
APPLE PAY, PASSBOOK, AND THE CONVERGENCE OF PAYMENTS AND MARKETING – CONFERENCE CALL, DATE TBD 1. Mobile wallets are as much about commerce and advertising as payments; a chip, unlike a mag-stripe, is a messaging device as well as a
Oil – The Big Uncertainty For US Chemicals
Oversupply in the oil markets has driven pricing lower over recent weeks with Brent hitting lows not seen in many months, and breaking below previous resistance levels. Oil is the big risk for the recovering US energy and chemicals sector
Quick Thoughts – Apple Pay and the Convergence of Physical and Digital Commerce
Apple Pay is an EMV-compliant, NFC-enabled payments solution that will work: (i) at physical stores with EMV-compliant contactless terminals (currently activated at less than 5% of US retail stores but likely to reach 25% by end-2015); and (ii) through apps
Strong Manufacturing – Buy Industrial Gases
Industrial Gases generally and Praxair specifically are being left behind by the manufacturing related rally that has boosted values for many industrial and material names over the last two years. Arguably, both Praxair and Airgas, through their extensive US packaged
ABBV (and ENTA): The Corvette(s) to GILD’s Ferrari
We believe consensus incorrectly views GILD’s pending hepatitis C (HCV) regimen as having consistently greater efficacy than ABBV’s pending regimen; in this note we compare pivotal trial results for the two regimens side by side, and show that the ABBV
Quick Thoughts: Implications for the Payments Industry of an NFC-Enabled iWallet
Both Wired and the Financial Times are reporting that, at its September 9th media event, Apple will announce the use of NFC-enabled wireless communication in the iPhone (including for mobile payments) along with longer-range Bluetooth-enabled wireless (including for in-store location
Quick Thoughts – Bank Launches of Digital Wallet and Checkout Products are a Threat to PayPal and Catalyst for MCX
Banks are getting into the digital wallet and checkout business in competition with PayPal. Recent products include Chase Quick Checkout (announced in February), PNC’s digital wallet (announced in July), and the Citi Digital Wallet (announced two days ago); WFC and
Relative Price & Value of pre-Phase III Pipelines for the 23 Largest Drug & Biotech Companies – Updated View
Using patent data, we estimate the relative ‘true economic’ value of companies’ pre-phase III (aka ‘hidden’ pipelines), and then compare these estimates to the apparent market capitalization of these same pipelines. Since inception (November of 2012), our portfolios of stocks