Category Archive for "Published"

Home »

Election Special

Gone are the days when it was necessary to travel back to the place of your birth in order to vote in elections, but given the outperformance of the Transport sector in the US in the September/October prior to an

Read More

SSR Index of Current-Quarter Demand Growth: Initial 3Q12 Estimates

We expect 3.8% y/y health services demand growth during 3Q12, the product of 2.0% growth in unit demand and 1.8% growth in pricing Unit demand growth is decelerating, presumably as the result of weakened jobs growth, whose primary impact on

Read More

Co-Pay Cards: A Bottle for the Drug Pricing Genie

Drug manufacturers pay rebates to avoid exclusion from a formulary and/or to gain preferred formulary position. At retail, formulary position translates into co-pays; consumers pay higher ‘tier 3’ co-pays for non-preferred brands and lower ‘tier 2’ amounts for preferred brands.

Read More

London Calling – Help

In our recent research we have talked about demand risk in Europe for the Industrials space in general and for the Chemicals sector in more detail.   This is not a new subject and it is discussed in the media every

Read More

Cloud Data Centers: Bigger, Faster, Cheaper!

Data processing architecture has swung like a pendulum, from a centralized mainframe era, to decentralized PCs, and now back to the cloud.  Modern cloud data centers feature distributed architectures that share computing and storage resources across widely dispersed locations at

Read More

Medicaid Eligibility Capped at 100 FPL: The Logical Outcome of the SCOTUS ACA Ruling

When (if) the Affordable Care Act (ACA) is put into effect, states will be free to disenroll beneficiaries to the federal minimums (in many cases < 30 FPL), expand to (or beyond) the ACA’s original target of 138 FPL, or

Read More

GWR buys RA – An Opportunity To Get In On The Game, But Taking A Chance

In our initiation of coverage of the transport space – June 15th – we wrote about the improved nature of the rail industry and that how, following a period of terrible returns, the industry restructured and has seen improving returns

Read More

PPG – Georgia Gulf Business Combination – Sensible

As a stock research analyst I covered PPG for 7 years (from 1997 to 2004) and the one word that I would have used then to best describe the company and the management style was “sensible”.  Not flamboyant, or aggressive,

Read More

The Risk of Failure Leads to Relatively Worthless Analysis – An Opinion

On Friday, we published a comprehensive analysis of current consensus expectation for the third quarter for the US Chemical Industry. We believe that consensus is far too optimistic and are suggesting that earnings estimates may come down by as much

Read More

Online Video: Objects in the Mirror May be Closer than they Appear

Online now represents ~9% of U.S. video viewing, and is growing at a 50%+ pace.  That audience is attracting advertising, with YoY streaming ad growth accelerating to more than 100% in recent months and suggesting that online will blow past

Read More
test