Archive
For achieving high performance, consider 'thankfulness'... Of all the things that can dramatically improve your performance – at virtually anything – meditation is at the top of the list. Many sports research groups, universities, and health care institutions have found a lot of upside to sitting in silence for up to 20 minutes each day. […]
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Joel's note: Going forward, each Thursday, we'll highlight one company for which we're seeing interesting signals in The Altimeter – our tool that provides grades for stocks based on their true fundamentals and the market's misleading valuation. By putting the power of Uniform Accounting directly into users' hands, The Altimeter can help identify which stocks […]
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Hotels are getting creative... In the November 11 Altimetry Daily Authority, we explained how "staycations" are helping keep the industry afloat. These are local trips, where travelers stay closer to home. But capitalizing off staycations isn't the only way hotels are fighting headwinds from the coronavirus pandemic. As Bloomberg recently discussed, hotels are turning to […]
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Historians and journalists peg 1946 as the 'official' beginning of the Baby Boom... However, U.S. birth rates were already on the rise from 1941 to 1944, in the midst of World War II. This fact supports the research that wars don't necessarily create massive reductions in birth rates, as counterintuitive as that may be. For […]
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Too many equity investors fail to understand the credit side of the business... This dual focus is something that sets Altimetry apart from many of the big Wall Street firms. I'll always remember getting this sage advice from cross-capital investing great Mitch Julis of Canyon Capital: "To be a great equity investor, you need to […]
Clear communication requires a clear intent... Every week on our all-hands call, our global teams highlight something they've been working on that's relevant to the entire firm. The good updates are full of metrics and show how the project led to a higher performance in something specific and measurable. The better updates also make a […]
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Last month, we discussed 'Oil Major' ExxonMobil (XOM) from a credit perspective... We explained how credit-ratings agency Moody's (MCO) gave Exxon an investment-grade rating despite some huge risk issues. Exxon has weak cash flows, a large dividend, significant debt maturities, and sizeable capital expenditures ("capex"). As we said... Exxon is currently trapped between credit and […]
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The coronavirus pandemic has crushed many industries... None have taken a greater hit than the airline sector. Demand cratered in April, and the recovery has continued to stall. Experts see air travel for 2020 at only 60% to 70% of last year's level, at best. Some estimates don't see demand returning to pre-pandemic levels until […]
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The biggest change resulting from the 'At-Home Revolution’ has been where money is spent... We talked about this radical shift back in October regarding golf equipment manufacturer Callaway Golf (ELY). Since the coronavirus pandemic began, folks are spending more on goods and less on experiences. It's a big change from the trends over the past […]
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The holiday season is finally upon us... However, just like many aspects of life this year, it looks different than usual. Normally, we'd be talking about the strength of Black Friday sales. We'd see videos of consumers camped out in front of retail stores racing to win the best deals. Additionally, today's Cyber Monday is […]
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