Search Results

Altimetry Daily Authority Here's What an 'Asset Light' Strategy Means for a Misunderstood Hospital Provider

The real estate market has permanently shifted, and not just for business... The shelter-in-place orders have led to vastly different experiences for folks across the country. For those who live in outdoor meccas – such as Boulder, Colorado – their experience is distinct from those living in major urban areas. Residents of a city like […]

• LYFT
• MAR
• MCD
• UBER
• UHS

Altimetry Daily Authority This Athletics Giant Needs More Competition to Boost Its Returns

A popular investing metric is broken... Investors commonly use the price-to-earnings (P/E) ratio to quickly understand a company's valuation. The same can be done for the benchmark S&P 500 or any other index to understand how cheap or expensive the entire stock market is.  In the March 23 Altimetry Daily Authority, we talked about economist […]

• ADDYY
• NKE
• UA

Altimetry Daily Authority A Major Railroad Is Finally Emerging From the 19th Century... And That Means Big Profitability

It's the one ingredient needed for a long-term recession...  Back in September, before anyone had heard of social distancing and when the news cycle was dominated by the trade war, we discussed the conditions for a recession. While the world has changed over the past 10 months, our position has not. Major recessions are always […]

• BRK-B
• CSX
• HTZ
• JCP
• NSC
• UNP

Altimetry Daily Authority Economists Are Worried About an Economic Disaster After the Coronavirus Pandemic... But We're Not

Here's what the alphabet has to do with economic recovery... Earlier this month, financial-services company Northern Trust put together a piece about the shape of the recovery after the coronavirus pandemic. Over the past few months, experts have debated how a recovery will play out in the U.S. Some believe that due to government relief […]

Altimetry Daily Authority It's a David Versus Goliath Market Struggle... And This Tech Firm Is Poised to Win

It's your final opportunity to explore the 'Challenger Deep' with us... In 1960, a deep-diving submarine made the first manned journey to explore the depths of the Challenger Deep – the deepest section of the world's oceans, at the bottom of the Mariana Trench. Explorers had been plotting the sea floor for the past century […]

• AYX
• CRM
• MSFT
• ORCL
• WORK
• ZM

Altimetry Daily Authority The Market Has Mistakenly Overvalued This Moneymaking Cable Provider

Even one of the most well respected firms on Wall Street can't dodge the 'At-Home Revolution'... As we discussed last month, the commercial real estate ("CRE") market is one of the prime targets for disruption by the massive societal shift we're seeing in the wake of the coronavirus pandemic. Many people are realizing that working […]

• AAPL
• AMZN
• BX
• CHTR
• CMCSA

Altimetry Daily Authority Don't Bet Against This Champion of the Franchising Model

One of my mentors just published a new book focused on the corporate lifecycle... My team and I call him the godfather of adjusted accounting analytics, and it's not said tongue-in-cheek. Bart Madden developed the CFROI framework. It's one of the first methods to focus on something equivalent to what my team and I have […]

• DNKN
• MAR
• MCD

Altimetry Daily Authority Due to Investor Fear of a Boom-and-Bust Sector, This High-Return Firm Is Massively Mispriced

During an economic crisis, there's a sneaky way your portfolio could be crippled... In late June, UC Berkeley hosted its annual "Fraud Fest" – completely online for the first time. This year, the 200 panelists had a lot to talk about... As one said, "the pandemic is the perfect storm for fraud." Due to the […]

• AAPL
• MSFT
• SUPN

Altimetry Daily Authority A Key Economic Measure Is Flashing 'Red'... Here's Why It's Different This Time

The 'at-home economy' claimed another victim this month, as workers adopt their 'Zoom shirts'...  The retailer that claimed to "dress the president" since Abraham Lincoln was yet another company to fall to the "At-Home Revolution."  Earlier this month, Brooks Brothers filed for bankruptcy. It couldn't survive the lockdowns that closed its stores, nor the lack […]

Altimetry Daily Authority Here's the Key Tenet for Successful Corporate Value Creation

This past weekend, we taught a course on corporate strategy... And once again, as usual, we learned something new. The class, which we call "Return Driven Strategy" ("RDS"), is focused on understanding the key tenets of a successful long-term value-creating corporate strategy. Uniform Accounting is essential to identifying "RDS companies," as we call them. These […]

• AAPL
• DELL
• JBL
• TCEHY