Company Research
Twitter Update – A Cynical Analysis
Last week, we wrote that we thought the probability of Elon Musk completing his acquisition of Twitter (ticker: TWTR) for the agreed $54.20 per share price was remote, and argued that Twitter management’s unwillingness to provide backup for their claim that fake accounts were less than 5% was an indication that this was a real … Read more
The Depth Report Elon Musk is the Least of Twitter’s Problems
Overview: My first job on the “buy side” was in risk arbitrage. That’s a fancy name for investing based primarily on capturing the difference between the current price of a stock, and the value shareholders are due to receive in a merger or acquisition. At that time, there were a lot of announced deals, a … Read more
Oil Prices are Up – What Do We Buy Now?
Want to know what oil stocks we’re buying and why? This video explains it all:
Curo Group (CURO) announces a strong 1Q
Curo Group (ticker: CURO) announced a strong first quarter after the close. Revenue of $290MM was up 48% and beat analyst estimates of $274MM. Adjusted earnings of $.15 also beat expectations by $.03. Like Enova International (ticker: ENVA), Curo is regrowing the loan book after a lack of economic activity caused by Covid shutdowns reduced … Read more
Depth Check – Coursera (COUR) – Chegg’s Problems Still Aren’t an Issue for Coursera
Two quarters ago, terrible results from education company, Chegg (ticker: CHGG) caused a huge drop in Coursera (ticker: COUR) stock. We wrote about the fact that these companies are in two different businesses, and that Chegg is regarded as a “cheating site”. At the time, Chegg complained that fewer people were entering college and those … Read more