RESEARCH

Title Date
MN Quarterly SVOD Tracker: From War to Peace? Jul 14, 2020
Media Comps 2020-07-13 Jul 13, 2020
Telecom Cable Satellite Comps 2020-07-13 Jul 13, 2020
U.S. Media: Say Goodbye to Those Empty vMVPD Calories Jul 13, 2020
Communications Infrastructure Comps 2020-07-13 Jul 13, 2020
Payments: Beyond eCommerce, Contactless, and Digital Banks – Ten Other Repercussions of the Pandemic Jul 10, 2020
Paychex 4Q20: Unfortunately, It Is The Economy, Stupid Jul 8, 2020
Media Comps 2020-07-06 Jul 6, 2020
Communications Infrastructure Comps 2020-07-06 Jul 6, 2020
Telecom Cable Satellite Comps 2020-07-06 Jul 6, 2020
Square: The Digital Bank Dream - A Deep Dive into Square’s Cash App Jul 1, 2020
Square: The Digital Bank Dream - A Deep Dive into Square’s Cash App; Raising TP to $120 Jul 1, 2020
Telecom Cable Satellite Comps 2020-06-29 Jun 29, 2020
Communications Infrastructure Comps 2020-06-29 Jun 29, 2020
Media Comps 2020-06-29 Jun 29, 2020
Comcast: Sky Diving Jun 29, 2020
Cogent: Still a Sell? Jun 26, 2020
Accenture 3Q20: Digital/Cloud Shift – 1, Macroeconomic Environment – 0 Jun 26, 2020
Telecom Cable Satellite Comps 2020-06-22 Jun 22, 2020
Communications Infrastructure Comps 2020-06-22 Jun 22, 2020
Payments: Takeaways from Discussions with the CFOs of American Express and Discover during MN’s PPI Summit Jun 22, 2020
Media Comps 2020-06-22 Jun 22, 2020
DXC: Six Takeaways from our Fireside Chat with DXC’s CEO during MN’s 2nd Annual PPI Summit Jun 18, 2020
Cognizant: Five Takeaways from our Fireside Chat with Cognizant’s CEO during MN’s 2nd Annual PPI Summit Jun 18, 2020
U.S. Media: 2Q U.S. Ad Trends Not As Bad As Feared Jun 18, 2020
Executive Order Jun 16, 2020
ZwillGen Update on the Executive Order Jun 16, 2020
CDT v. Trump Complaint Jun 16, 2020
Paychex: Six Takeaways from our Fireside Chat with Paychex’s CEO & CFO during MN’s PPI Summit Jun 16, 2020
Media Comps 2020-06-15 Jun 15, 2020
U.S. Towers: The Most Important Risks Jun 15, 2020
Telecom Cable Satellite Comps 2020-06-15 Jun 15, 2020
Communications Infrastructure Comps 2020-06-15 Jun 15, 2020
Mastercard: Takeaways from Discussions with Mastercard’s President, NA, at MN’s 2nd PPI Summit Jun 12, 2020
Visa: Six Takeaways from our Fireside Chat with Visa’s CFO during MN’s 2nd Annual PPI Summit Jun 11, 2020
U.S. Video Consumer Spend: The Great Deflation Debate Jun 11, 2020
T-Mobile - Deep Dive on T-Mobile - Conference Call Slides Jun 11, 2020
PayPal: Five Takeaways from our Fireside Chat with PayPal’s CEO during MN’s 2nd Annual PPI Summit Jun 10, 2020
New eCommerce Forecast and Checkout Button Data, Plus Highlights from our 2nd Annual PPI Summit (in 50 Slides) Jun 8, 2020
Telecom Cable Satellite Comps 2020-06-08 Jun 8, 2020
Media Comps 2020-06-08 Jun 8, 2020
Communications Infrastructure Comps 2020-06-08 Jun 8, 2020
Wireless Q1 2020: Can We Avoid Another Price War? Jun 8, 2020
New eCommerce Forecast and Checkout Button Data, Plus Highlights from our 2nd Annual Payments, Processors & IT Services Summit Jun 5, 2020
Cinemark: Doing What They Can Jun 4, 2020
Telecom Cable Satellite Comps 2020-06-01 Jun 1, 2020
Telecom and Cable & Satellite Marketing Deck Jun 1, 2020
U.S. Media: Broken Windows & Empty Seats: The Future of the Film Industry? Jun 1, 2020
Communications Infrastructure Comps 2020-06-01 Jun 1, 2020
Media Comps 2020-06-01 Jun 1, 2020
DXC 4Q’20: Running the Gauntlet May 29, 2020
Payments: Checking In On The Checkout Button Wars – Will PayPal Keep Winning? May 28, 2020
CenturyLink: The Risks of Even a Brief Recession... Lowering TP to $7, Maintain Sell May 28, 2020
Broadband Q1 2020: Broadband in the Era of COVID-19; A Proprietary Peek at Market Share Trend Data May 27, 2020
Media Comps 2020-05-26 May 26, 2020
Telecom Cable Satellite Comps 2020-05-26 May 26, 2020
Communications Infrastructure Comps 2020-05-26 May 26, 2020
U.S. Advertising: The Shape of Recovery May 26, 2020
Payments: From Tidal Wave to Tsunami – Our Proprietary eCommerce Forecast, Updated for COVID-19 May 22, 2020
Paychex COVID-19 Update: Green Shoots on Scorched Earth May 20, 2020
2020-05-20 Payments COVID fireside Chat May 20, 2020
Telecom Cable Satellite Comps 2020-05-18 May 18, 2020
Communications Infrastructure Comps 2020-05-18 May 18, 2020
Media Comps 2020-05-18 May 18, 2020
Payments, Processors, and IT Services: 1Q20 Roundup - Top Sector Themes and Updated Stock Preferences - Deck May 15, 2020
2nd Annual Payments Agenda May 14, 2020
State of the Industry 2020 Slides May 14, 2020
Payments, Processors, and IT Services: 1Q20 Roundup - Top Sector Themes and Updated Stock Preferences May 14, 2020
FISV 1Q20: Rays of Hope (and a New CEO) May 11, 2020
Telecom Cable Satellite Comps 2020-05-11 May 11, 2020
Cognizant 1Q’20: Are We There Yet? May 11, 2020
Cable One Q1 2020 Earnings: Still Searching for Theories May 11, 2020
Communications Infrastructure Comps 2020-05-11 May 11, 2020
Media Comps 2020-05-11 May 11, 2020
7th Annual Media Communications Agenda May 10, 2020
Q1 2020 Cord-Cutting Monitor: Pay TV Catches COVID May 8, 2020
ViacomCBS: Pull in the Reins May 8, 2020
FIS 1Q20: The Value of Diversification May 8, 2020
Square 1Q20: In Sickness and In Health May 8, 2020
Fox and Discovery: Can Opposites Be Attractive? May 7, 2020
PayPal 1Q20: God Bless the Checkout Button May 7, 2020
Cogent Q1 2020 Earnings: Backdoor Netflix? May 7, 2020
Digital Realty Q1 2020 Earnings: The New Digital Realty May 7, 2020
GPN 1Q20: Global Payments Will Be Fine, but This Recovery is Looking Slow and Painful May 7, 2020
Dish Network Q1 2020 Earnings: An Inconvenient Truth May 7, 2020
Disney: Fast-Forward to FY2022 May 6, 2020
T-Mobile Q1 2020 Earnings: UFO or Murder Hornet? May 6, 2020
CenturyLink Q1 2020 Earnings: How Cyclical? May 6, 2020
AMC Networks: Our Song Remains The Same May 6, 2020
Equinix Q1 2020 Earnings: Positioned for the Crisis and Beyond May 6, 2020
SBA Q1 2020 Earnings: WACC vs. Growth May 5, 2020
2nd Annual Payments, Processors and IT Services Summit Agenda May 5, 2020
Disney: A Long and Winding Road; Downgrade to Neutral May 4, 2020
7th Annual Media and Communications Summit Agenda May 4, 2020
Media Internet Comps 2020-05-04 May 4, 2020
Communications Infrastructure Comps 2020-05-04 May 4, 2020
Telecom Cable Satellite Comps 2020-05-04 May 4, 2020
ADP 3Q20: Could Have Been Worse May 1, 2020
CenturyLink: Revising Model to Account for Change in USF Accounting and Customer Assignments May 1, 2020
Visa 2Q20: Adjusting to the New Normal May 1, 2020
Charter Q1 2020 Earnings: Asymptomatic… or Better? May 1, 2020
MA 1Q20: Terrible, Terrific, and Everything in Between Apr 30, 2020
Comcast Q1 2020 Earnings: Winners, Losers, and Comcast Apr 30, 2020
Twitter: Really? Apr 30, 2020
Facebook: More of the Same Apr 30, 2020
WPP: What is “Normal”? Apr 30, 2020
CoreSite Q1 2020 Earnings: Weathering the Storm Apr 30, 2020
Altice USA Q1 2020 Earnings: Epicentricity Apr 30, 2020
CyrusOne Q1 2020 Earnings: A Texas Twang Mixed with a European Accent Apr 29, 2020
American Tower Q1 2020 Earnings: Mostly Quarantined Apr 29, 2020
Crown Castle Q1 2020 Earnings: Holding the Line Apr 29, 2020
Alphabet: Curb Your Enthusiasm? Apr 29, 2020
Omnicom: Waiting for the Smoke to Clear (Version 2) Apr 28, 2020
IT Services, HR Processors: Incorporating COVID-19 – Our Revised 3-yr Forecasts and Stock Preferences Apr 27, 2020
Telecom Cable Satellite Comps 2020-04-27 Apr 27, 2020
QTS Q1 2020 Earnings: Vaccinated Apr 27, 2020
Communications Infrastructure Comps 2020-04-27 Apr 27, 2020
Media Internet Comps 2020-04-27 Apr 27, 2020
U.S. Media: Say Goodbye to Hollywood Apr 24, 2020
Verizon Q1 2020 Earnings: The "V" in MANCAVE Apr 24, 2020
Snap: The Shape of Things To Come? Apr 22, 2020
Netflix: The Perfect Storm Redux Apr 22, 2020
Interpublic: Waiting for the Smoke to Clear Apr 22, 2020
AT&T Q1 2020 Earnings: Testing, Testing, Testing Apr 22, 2020
IBM 1Q20: COVID-19 + New CEO + Red Hat = ? Apr 21, 2020
Ad Agencies: Prepare Yourself. This Will Be Bumpy. Apr 21, 2020
Payments: Impacts of COVID-19 on the Payments Sector (in 15 Slides) Apr 20, 2020
Telecom Cable Satellite Comps 2020-04-20 Apr 20, 2020
Communications Infrastructure Comps 2020-04-20 Apr 20, 2020
Comcast: The Trouble With Complicated Stories Apr 20, 2020
Media Internet Comps 2020-04-20 Apr 20, 2020
U.S. Data Centers: Interpreting Current Valuations, and Implications of the Pandemic Apr 20, 2020
2020-04-20 SMA Deck Apr 19, 2020
MN Quarterly SVOD Tracker: The Perfect Storm Apr 17, 2020
Impacts of COVID-19 on the Payments Sector Apr 17, 2020
FIS, FISV, GPN: COVID-19 Resilient, But Theses On Hold Apr 16, 2020
Online Advertising: It’s All Relative Now! Apr 16, 2020
Dish Network: Petri Dish… Cutting TP to $15 Apr 14, 2020
Media Comps 2020-04-13 Apr 13, 2020
Telecom Cable Satellite Comps 2020-04-13 Apr 13, 2020
Payments: How COVID-19 Might Change Us (Or Payments, At Least) Forever Apr 13, 2020
Communications Infrastructure Comps 2020-04-13 Apr 13, 2020
Charter (CHTR): It’s Good to Be Cable; Our COVID-19 Recession Model Apr 9, 2020
Payments, Processors, and IT Services: Three-Week Checkup – What We Know So Far About the Impact of COVID-19 Apr 9, 2020
PayPal: Not Immune to COVID-19, But Better Off Than Most – Will They Capitalize? Apr 8, 2020
U.S. Towers: Recalibrating Multiples and Forecasts... Upgrade SBAC to Buy, Maintain AMT and CCI at Neutral Apr 7, 2020
U.S. Sports: The Cost of Everything and the Value of… Everything Apr 6, 2020
Media Internet Comps 2020-04-06 Apr 6, 2020
Communications Infrastructure Comps 2020-04-06 Apr 6, 2020
Telecom Cable Satellite Comps 2020-04-06 Apr 6, 2020
AT&T: How Safe is the Dividend? Apr 3, 2020
V, MA: New Three-Year Outlook – Consumer Spending Worse than Expected, But V & MA Can Withstand It Apr 2, 2020
Sprint: Discontinuing Coverage Apr 2, 2020
U.S. Media: How Deep? How Long? Apr 1, 2020
Telecom Cable Satellite Comps 2020-03-30 Mar 30, 2020
Communications Infrastructure Comps 2020-03-30 Mar 30, 2020
Media Internet Comps 2020-03-30 Mar 30, 2020
Paychex 3Q20: The Oracle of Small Business U.S.A. Mar 27, 2020
ViacomCBS: Maybe It’s Time to Let the Old Ways Die? Mar 27, 2020
Square: Down But Not Out Mar 26, 2020
Commercial Wireline Services: Staring into the Abyss Mar 25, 2020
Twitter: The First of Many Mar 24, 2020
Disney: Sizing the Disney+ International Opportunity Mar 24, 2020
Communications Infrastructure Comps 2020-03-23 Mar 23, 2020
New T-Mobile: First Among Equals? Our Pro Forma Model for the Age of Coronavirus and Recession Mar 23, 2020
Telecom Cable Satellite Comps 2020-03-23 Mar 23, 2020
Media Comps 2020-03-23 Mar 23, 2020
When Resilience Matters – Who Can Withstand the COVID-19 Shock? Deck Mar 20, 2020
Accenture 2Q20: A First Glimpse at the COVID-19 Impact Mar 20, 2020
Cinemark: Swimming Naked? Mar 20, 2020
Payments, Processors, and IT Services: When Resilience Matters – Who Can Withstand the COVID-19 Shock? Mar 18, 2020
Disney: From Great to Good to Bad to Ugly Mar 17, 2020
Recession Risk Deck Mar 17, 2020
Media Comps Mar 16, 2020
Back to Fundamentals Conference Call Deck Mar 16, 2020
Telecom Cable Satellite Comps 2020-03-16 Mar 16, 2020
Communications Infrastructure comps Mar 16, 2020
Deep Dive on DXC and CTSH Mar 12, 2020
DXC: Messy – Yes, But Not That Messy – Upgrading to Buy, TP = $30 Mar 12, 2020
U.S. Media & Internet: Assessing the Recession Risk Mar 12, 2020
Media Comps 2020-03-09 Mar 9, 2020
Zayo: Dropping Coverage Mar 9, 2020
Communications Infrastructure Comps 2019-03-09 Mar 9, 2020
Wireless Q4 2019: The New T-Mobile, the State of the Industry, and the 5G “White Space” Mar 9, 2020
Telecom Cable Satellite Comps 2020-03-09 Mar 9, 2020
PayPal: A Deep Dive - The Bull Thesis in 20 Charts Mar 6, 2020
Deep Dive on the PayPal Bull Thesis - March 5th 2020 Mar 5, 2020
Visa and Mastercard: This Too Shall Pass. Now is the Time to Buy Mar 4, 2020
CenturyLink Cogent Deck Mar 4, 2020
U.S. Media: Watching the Slow Death of Linear TV… Live (2019 Edition) Mar 3, 2020
Payments Sector Marketing Deck Mar 2, 2020
WPP: WTF WPP? Mar 2, 2020
Broadband Q4 2019: A Deep Dive into Alternative Fixed Wireless Broadband Architectures Mar 2, 2020
Communications Infrastructure Comps 2020-03-02 Mar 2, 2020
Crown Castle: How Does Its New Accounting Work, and What Does It Mean? Mar 2, 2020
Telecom Cable Satellite Comps 2020-03-02 Mar 2, 2020
Media Comps 2020-03-02 Mar 2, 2020
Discovery: The Start of the Second Act? Feb 28, 2020
AMC Networks: Where Are We Headed? Feb 27, 2020
Cable One Q4 2019 Earnings: How to Explain the Inexplicable? Feb 27, 2020
Square 4Q19: Square’s Slew of Suitors (aka the Other Reason to Be Bullish) Feb 27, 2020
Cogent Q4 2019 Earnings: Past the Growth Bottom? Feb 27, 2020
Cord Cutting The Great Unwind Conference Call Deck Feb 26, 2020
Crown Castle Q4 2019 Earnings: Silly Accountants... Feb 26, 2020
MA: The Blessings, Curses, and Potential Legacies of Michael Miebach, Mastercard’s New CEO Feb 25, 2020
American Tower Q4 2019 Earnings: Two Key Topics Feb 25, 2020
Communications Infrastructure Comps 2020-02-24 Feb 24, 2020
Telecom Cable Satellite Comps 2020-02-24 Feb 24, 2020
Cinemark: What Is Now Priced In? Feb 24, 2020
Media Comps 2020-02-24 Feb 24, 2020
IBM: Dear Mr. Krishna, Six Actions We are Watching For Feb 24, 2020
ViacomCBS: A House Built On Sand? Feb 21, 2020
SBA Q4 2019 Earnings: A Look at the New Tower Leasing Landscape Feb 20, 2020
Q4 2019 Cord-Cutting Monitor: The Great Unwind Feb 19, 2020
CyrusOne Q4 2019 Earnings: M&A Whiplash Feb 19, 2020
Dish Q4 2019 Earnings: Now Comes the Hard Part Feb 19, 2020
CenturyLink: Aligning Our Rating with the Fundamentals... Downgrade to Sell, TP $10 Feb 18, 2020
Netflix: Conquering the World, But At What Cost? Feb 18, 2020
Communications Infrastructure Comps 2020-02-18 Feb 18, 2020
Media Internet Comps 2020-02-18 Feb 18, 2020
QTS Q4 2019 Earnings: Both Sides of the Coin Feb 18, 2020
Telecom Cable Satellite Comps 2020-02-18 Feb 18, 2020
FIS 4Q19: Moving Fast for the Long Term Feb 14, 2020
Visa: The Case for 12+% Revenue Growth Feb 14, 2020
Global Payments 4Q19: The Next Catalyst – Re-Visiting the M&A Chessboard Feb 13, 2020
Digital Realty Q4 2019 Earnings: Slimming Down and Bulking Up Feb 13, 2020
Altice USA Q4 2019 Earnings: Altice’s Wireless Strategy Just Got a Lot More Interesting Feb 12, 2020
Equinix Q4 2019 Earnings: PMs vs. Analysts Feb 12, 2020
Interpublic: Safety in Numbers? Feb 12, 2020
CenturyLink Q4 2019 Earnings: Better Off Waiting? Feb 12, 2020
ADP Innovation Day: Good Now, (Hopefully) Great Later Feb 11, 2020
Omnicom: Same As It Ever Was Feb 11, 2020
Media Comps 2020-02-10 Feb 10, 2020
Communications Infrastructure Comps 2020-02-10 Feb 10, 2020
GPN: Model update to reflect revised segment reporting structure and non-GAAP reporting methodology Feb 10, 2020
Telecom Cable Satellite Comps 2020-02-10 Feb 10, 2020
DXC 3Q20: The Touchstone – FY22 Free Cash Flow Feb 7, 2020
Fox: The Page Has Been Turned Feb 6, 2020
Cognizant 4Q19: The Reacceleration of Revenue Growth – Bull vs. Bear Feb 6, 2020
CoreSite Q4 2019 Earnings: Is the Turn Finally Coming? Feb 6, 2020
Twitter: Numbers Get Cut As Stock Races Up! Feb 6, 2020
T-Mobile Q4 2019 Earnings: Heads-I-Win/Tails-I-Win, Redux Feb 6, 2020
Disney: The Disney Difference Feb 5, 2020
Fiserv 4Q19: Hard to Please Feb 5, 2020
Snap: Closing the Monetization Gap Feb 5, 2020
Comcast: Less than Zero? Upgrading To Buy Feb 4, 2020
Zayo: Q2 F2020 Earnings: Good Night, and Good Luck Feb 4, 2020
Alphabet: To Be Real Feb 4, 2020
Media Comps 2020-02-03 Feb 3, 2020
Communications Infrastructure Comps 2020-02-03 Feb 3, 2020
Telecom Cable Satellite Comps 2020-02-03 Feb 3, 2020
U.S. Media: Get Those Lifeboats Ready Feb 3, 2020
Charter Q4 2019 Earnings: Wireless Manifest Destiny Jan 31, 2020
Visa 1Q20: Looking for Something to Get Excited About? Try Visa Direct Jan 31, 2020
Cogent: What a Difference Six Weeks Makes… Downgrading to Sell, TP $56 Jan 30, 2020
Verizon Q4 2019 Earnings: Bucking Some Trends… Getting Bucked by Others Jan 30, 2020
Mastercard 4Q19: Can Mastercard Do a 15+% Revenue Growth Three-Peat? Jan 30, 2020
Facebook: The Long & Winding Road Up and to the Right Jan 30, 2020
ADP 2Q20: Soft Bookings and PEO WSEs, Strong Retention – How Doable is the Second Half of 2020? Jan 30, 2020
PayPal 4Q19: Cleans Up Good Jan 30, 2020
Quarterly SVOD Tracker: The First Battle Jan 29, 2020
IT Services & Processors 2020: Hurry Up and Wait Jan 29, 2020
Communications Infrastructure 2020-01-27 Jan 27, 2020
Telecom Cable Satellite Comps 2020-01-27 Jan 27, 2020
Sprint CQ4 2019 Earnings: What’s Left to Say? Jan 27, 2020
Media Internet Comps 2020-01-27 Jan 27, 2020
AT&T Q4 2019 Earnings: Two Clocks Jan 27, 2020
CIO Survey Conference Call Deck Jan 24, 2020
PayPal + UnionPay: Inching Along in the Right Direction Jan 24, 2020
CenturyLink: Understanding the Pros and Cons of RDOF… Mostly Cons but With a Nice $500M Win Jan 23, 2020
Comcast Q4 2019 Earnings: Proud as a Peacock Jan 23, 2020
IBM 4Q19: The More Things Change, the More They Stay the Same Jan 22, 2020
IT Services: New CIO Survey Results Point to Stable IT Spending Outlook and Maturation of Cloud-Digital trend Jan 21, 2020
Communications Infrastructure Comps 2020-01-21 Jan 21, 2020
U.S. Towers: The Case for Crown Castle? Jan 21, 2020
Telecom Cable Satellite Comps 2020-01-21 Jan 21, 2020
2020-01-21 CIO Survey Jan 21, 2020
Media Internet Comps 2020-01-21 Jan 21, 2020
MN Quarterly SVOD Tracker: The First Battle Jan 17, 2020
Conference Call – U.S. Media: 20-20 Vision, This Time is Different Jan 17, 2020
Visa + Plaid: A Rare Beast Jan 16, 2020
AT&T: How Bad Could It Get for WarnerMedia? Jan 16, 2020
U.S. Media: 20-20 Vision, This Time is Different Jan 15, 2020
ViacomCBS: Stuck In The Middle? Initiate at Neutral Jan 15, 2020
Vivint Lunch Slides Jan 14, 2020
Payments 2020: Fistfights on a Freight Train Jan 14, 2020
Internet Comps 2020-01-13 Jan 13, 2020
Telecom Cable Satellite Comps 2020-01-13 Jan 13, 2020
Communications Infrastructure Comps 2020-01-13 Jan 13, 2020
Media Comps 2020-01-13 Jan 13, 2020
Payments, Processors, and IT Services: Our Recent Downgrades of FIS, FISV, ACN, and ADP in 40 Slides Jan 10, 2020
Taking a Breather - Downgrading FIS, FISV, ACN, and ADP Conference Call Slides Jan 9, 2020
Altice USA: Is Altice USA Still a Buy? Jan 7, 2020
Payments, Processors, and IT Services: Taking a Breather - Downgrading FIS, FISV, ACN, and ADP Jan 7, 2020
Media Comps 2020-01-06 Jan 6, 2020
Communications Infrastructure Comps 2020-01-06 Jan 6, 2020
Internet Comps 2020-01-06 Jan 6, 2020
Telecom Cable Satellite Comps 2020-01-06 Jan 6, 2020
Media Comps 2019-12-30 Dec 30, 2019
Internet Comps 2019-12-30 Dec 30, 2019
Telecom Cable Satellite Comps 2019-12-30 Dec 30, 2019
Communications Infrastructure Comps 2019-12-30 Dec 30, 2019
Accenture 1Q20: Simple Ain’t Easy – Forecasting Accenture’s Revenue Growth Dec 20, 2019
Payments, Processors, and IT Services: As we close the door on 2019, and open the door on 2020... Dec 20, 2019
Square: GPV Growth, PoS Innovations, Direct Deposit – Takeaways From Meetings with Square’s CFO Dec 19, 2019
U.S. Media: Life During Wartime Dec 19, 2019
Paychex 2Q20: Defying Sluggish Employment Growth, Management Solutions Growth Creeps Above 5% Dec 19, 2019
Visa: RTP Strategy, New Payment Flows, Other Growth Horizons – Takeaways From Meetings with Visa’s CFO Dec 18, 2019
Broadband Q3 2019: Revisiting Competitive Dynamics Dec 16, 2019
PayPal: Growing Scale and Engagement – Takeaways From Breakfast with PayPal’s CEO Dec 16, 2019
Media Comps 2019-12-16 Dec 16, 2019
Cogent: What Should We Make of This Extremophile? Dec 16, 2019
Telecom Cable Satellite Comps 2019-12-16 Dec 16, 2019
Communications Infrastructure Comps 2019-12-16 Dec 16, 2019
Internet Comps 2019-12-16 Dec 16, 2019
U.S. Advertising: Past the Tipping Point Dec 13, 2019
Payments: Top Trends and Recent Developments in 30 Slides Dec 11, 2019
Media Comps 2019-12-09 Dec 9, 2019
2019-12-09 Meeting with John Stratton Dec 9, 2019
GPN, FISV, FIS: Issuer Processing – The Wingman Dec 9, 2019
Data Centers: 2020 Outlooks and the Search for Edge Dec 9, 2019
Telecom Cable Satellite Comps 2019-12-09 Dec 9, 2019
Communications Infrastructure Comps 2019-12-09 Dec 9, 2019
Internet Comps 2019-12-09 Dec 9, 2019
Big Tech, Neobanks , and Many More Top Trends and Recent Developments in Payments (Slides) Dec 6, 2019
Wireless Q3 2019: Cable Starts to Matter Dec 4, 2019
Paychex: Building the New Paychex – Takeaways from Lunch with Paychex’s CEO, CFO, and Product Executives Dec 4, 2019
U.S. Pay TV and U.S. Media: Cord-Cutting Summit 2019 Takeaways Dec 2, 2019
Telecom Internet Satellite Comps 2019-12-02 Dec 2, 2019
Communications Infrastructure Comps 2019-12-02 Dec 2, 2019
Media Comps 2019-12-02 Dec 2, 2019
Internet Comps 2019-12-02 Dec 2, 2019
Data Center Marketing Deck Dec 1, 2019
Towers Marketing Deck Dec 1, 2019
Internet Infrastructure Marketing Deck Dec 1, 2019
Telecom Cable Satellite Comps 2019-11-25 Nov 25, 2019
Communications Infrastructure Comps 2019-11-25 Nov 25, 2019
CenturyLink: Definitely Maybe Nov 25, 2019
Payments: Big Tech, Neobanks, and Many More – Top Trends and Recent Developments in Payments Nov 25, 2019
Online Advertising: Screw DAUs, Follow the Money Nov 25, 2019
Media Comps 2019-11-25 Nov 25, 2019
AT&T - What Do You Have to Believe - Conference Call Slides Nov 22, 2019
PayPal + Honey: You Can Catch More Flies… Nov 21, 2019
Accenture: Digital at Scale – Takeaways from Breakfast with Accenture’s New CEO Nov 20, 2019
AT&T: What Do You Have to Believe? Downgrading to Sell, Target Price $30 Nov 19, 2019
HBO Max: The Big Bang or “A Show About Nothing”? Nov 18, 2019
Internet Comps 2019-11-18 Nov 18, 2019
Telecom Cable Satellite Comps 2019-11-18 Nov 18, 2019
Communications Infrastructure Comps 2019-11-18 Nov 18, 2019
Media Comps 2019-11-18 Nov 18, 2019
Viacom: Less Drama, More Answers Nov 15, 2019
Payments, Processors, and IT Services: 3Q19 Roundup - Top Sector Themes and Updated Stock Preferences Nov 15, 2019
Q3 2019 Cord-Cutting Monitor: Live Is Dead Nov 13, 2019
Q3 2019 Cord-Cutting Live is Dead Conference Call Deck Nov 13, 2019
CBS: The Good Fight Nov 13, 2019
DXC 2Q20: Those Stubborn, Exasperating, Declining Revenues Nov 12, 2019
Final Cord-Cutting Agenda Nov 12, 2019
Communications Infrastructure Comps 2019-11-11 Nov 11, 2019
Telecom Cable Satellite Comps 2019-11-11 Nov 11, 2019
Internet Comps 2019-11-11 Nov 11, 2019
Media Comps 2019-11-11 Nov 11, 2019
Cognizant: “Evolve, Not Fix” – Takeaways from Lunch with Cognizant’s CEO & CFO Nov 11, 2019
Disney: It Just Doesn't Matter Nov 8, 2019
Discovery: Moving On To What Comes Next Nov 7, 2019
Square 3Q19: A Little Painful to Get There, But So… Much… Better Nov 7, 2019
Dish Q3 2019 Earnings: The Pay TV Rorschach Test Nov 7, 2019
Cable One Q3 2019 Earnings: What's Embedded in CABO's 16x (16x!) EBITDA Multiple? Nov 7, 2019
Fox: Please Keep Turning the Page Nov 7, 2019
Fiserv 3Q19: Nope, Not a Typo – Merchant Acquiring is Growing 10% Nov 7, 2019
Cogent Q3 2019 Earnings: Revenue vs. Margins Nov 7, 2019
FIS 3Q19: The All-Around Athlete in eComm Nov 6, 2019
Zayo Q1 F2020 Earnings: A Walk Down Memory Lane Nov 6, 2019
Cinemark: Is It Time to Worry About Streaming Yet? Nov 6, 2019
CenturyLink Q3 2019 Earnings: Upside Surprise? Nov 6, 2019
Altice USA Q3 2019 Earnings: What Could Derail the Rally? Could This? Nov 5, 2019
Media Comps 2019-11-04 Nov 4, 2019
Communications Infrastructure Comps 2019-11-04 Nov 4, 2019
Sprint CQ3 2019 Earnings: The SoftBank Problem Nov 4, 2019
Internet Comps 2019-11-04 Nov 4, 2019
CenturyLink: Watch for These Two Items in Q3 2019 Earnings Nov 4, 2019
Telecom Cable Satellite Comps 2019-11-04 Nov 4, 2019
QTS Q3 2019 Earnings: Mr. Consistent Nov 4, 2019
AMCX: No Man’s Land (Redux) Nov 1, 2019
GPN 3Q19: A Peek Around the Corner at the New Global Payments Nov 1, 2019
American Tower Q3 2019 Earnings: Reading the Tea Leaves Oct 31, 2019
CoreSite Q3 2019 Earnings: Like it Never Even Happened Oct 31, 2019
Facebook: Is it $10 for ’20? Oct 31, 2019
ADP 1Q20: Market-related or Idiosyncratic? Predicting Performance of the PEO Oct 31, 2019
U.S. Media: What’s Even Worse Than “Freaking Ugly”? Oct 30, 2019
Equinix Q3 2019 Earnings: Valuation and Operations Oct 30, 2019
CyrusOne Q3 2019 Earnings: One Year Later Oct 30, 2019
Mastercard 3Q19: Navigating eCommerce – the Atropa Belladonna of Payments Oct 30, 2019
Alphabet: Hello World Oct 29, 2019
Digital Realty Q3 2019 Earnings: Doubling Down on Europe by Acquiring Interxion Oct 29, 2019
WPP: Better Than Zero Oct 28, 2019
T-Mobile Q3 2019 Earnings: The Very Real Cost of Waiting... And Waiting... And Waiting Oct 28, 2019
Internet Comps 2019-10-28 Oct 28, 2019
SBA Q3 2019 Earnings: Tower Preppers Oct 28, 2019
Media Comps 2019-10-28 Oct 28, 2019
Communications Infrastructure Comps 2019-10-28 Oct 28, 2019
Telecom Cable Satellite Comps 2019-10-28 Oct 28, 2019
AT&T Q3 2019 Earnings: Hope Is Not a Strategy Oct 28, 2019
Cord Cutting Summit Agenda Oct 25, 2019
Visa 4Q19: “A Digital Wallet By Any Other Name…” Visa’s Strategy to Make Friends with FinTechs Oct 25, 2019
Verizon Q3 2019 Earnings: Is This as Good as It Gets? Oct 25, 2019
Charter Q3 2019 Earnings: Is Charter’s New Pricing a One-Timer, or a Sign of a Change in Strategy? Oct 25, 2019
Twitter: A Vote of No Confidence; Maintain Sell, new PT Oct 24, 2019
Comcast Q3 2019 Earnings: A Divergence of Fortunes Oct 24, 2019
PayPal 3Q19: Yes, It is (Really, Finally) Happening - An Investor’s Guide to the eBay Roll-off Oct 24, 2019
Snap: The Shock Factor is Wearing Off Oct 23, 2019
Disney: Why So Complicated – Part II Oct 23, 2019
Interpublic: Managing Through the Losses? Oct 23, 2019
Internet Comps 2019-10-21 Oct 21, 2019
Telecom Cable Satellite Comps 2019-10-21 Oct 21, 2019
Online Advertising: Like a Knife Through Butter Oct 21, 2019
Communications Infrastructure Comps 2019-10-21 Oct 21, 2019
Media Comps 2019-10-21 Oct 21, 2019
ViacomCBS: Can’t Believe the S-4 Oct 18, 2019
Netflix: Look Down, Look Down Oct 17, 2019
IBM 3Q19: Underwhelming and Complicated. Looking Ahead…A Scorecard for IBM’s Success in 2020 Oct 17, 2019
U.S. Wireless: The 5G Elephant in the Room Oct 17, 2019
Crown Castle: Dimensioning a Possible Restatement Oct 17, 2019
Crown Castle Q3 2019 Earnings: Did We Already Get Guidance? Oct 16, 2019
Omnicom: Winning Is Everything? Oct 16, 2019
ADP, PAYX: In a World of Tech-Enabled HR Services, Do ADP & Paychex Win or Lose? Oct 15, 2019
Data Centers: Love Is in the Air… Musings on M&A Oct 15, 2019
MN Quarterly SVOD Tracker: The Calm Before the Storm Oct 14, 2019
Telecom Cable Satellite Comps 2019-10-14 Oct 14, 2019
Communications Infrastructure Comps 2019-10-14 Oct 14, 2019
Media Comps 2019-10-14 Oct 14, 2019
Internet Comps 2019-10-14 Oct 14, 2019
Advertising Agencies: Mind the Gap...Part II Oct 11, 2019
Payments: eCommerce Deep Dive in 30 Slides Oct 11, 2019
Payments: The Tidal Wave Slides Oct 10, 2019
DXC Deep Dive Lunch Slides Oct 8, 2019
DXC: Hitting the Reset Button... At What Point Does it Become an Attractive Investment? Oct 8, 2019
FOXA: Please Turn the Page Oct 7, 2019
Communications Infrastructure Comps 2019-10-07 Oct 7, 2019
Media Comps 2019-10-07 Oct 7, 2019
Telecom Cable Satellite Comps 2019-10-07 Oct 7, 2019
Internet Comps 2019-10-07 Oct 7, 2019
Time to Factor In Higher Margins Deck Oct 7, 2019
Paychex 1Q20: Strikingly Sunny Skies…Do They Stay Sunny Through a Macro Downturn? Oct 3, 2019
Towers ROIC: Scouring the Globe for Insights and Opportunities Oct 3, 2019
Payments: The Tidal Wave – Our Proprietary eCommerce Forecast and Implications for the Payments Sector Oct 2, 2019
U.S. Cable: It’s Time to Factor in Higher Margins; Raising Estimates and TPs for CHTR, ATUS, CMCSA, and CABO Oct 2, 2019
Snap: Can Lightning Strike Twice? Part II, It's Complicated. Oct 2, 2019
Snap: Can Lightning Strike Twice? Oct 1, 2019
Internet Comps 2019-09-30 Sep 30, 2019
Communications Infrastructure Comps 2019-09-30 Sep 30, 2019
Telecom Cable Satellite Comps 2019-09-30 Sep 30, 2019
Media Comps 2019-09-30 Sep 30, 2019
Dish Network: Revisiting the Short (or Long?) Thesis Sep 27, 2019
Accenture 4Q19: The Final Worry – Macroeconomic Exposure Sep 27, 2019
V, MA, FIS, FISV: B2B Payments – Big? Yes. Lots of Inertia? Double-Yes. And in Need of a Leader. Sep 26, 2019
Sports and Pay TV Deck Sep 26, 2019
ADP: The Long-Term Bull Case – ADP’s Unheralded Technology Leadership (Yes, Really) Sep 23, 2019
Media Comps 2019-09-23 Sep 23, 2019
Sports in the U.S.: Where Will This Obsession Lead Us? Sep 23, 2019
Internet Comps 2019-09-23 Sep 23, 2019
Telecom Cable Satellite Comps 2019-09-23 Sep 23, 2019
Communications Infrastructure Comps 2019-09-23 Sep 23, 2019
MA: Laying the Foundation for the Next 20 Years – Mastercard’s Expansion into New Payment Flows Sep 18, 2019
U.S. Media: The Paradox of Agencies and Advertising Sep 17, 2019
Media Comps 2019-09-16 Sep 16, 2019
Telecom Cable Satellite Comps 2019-09-16 Sep 16, 2019
Internet Comps 2019-09-16 Sep 16, 2019
Communications Infrastructure Comps 2019-09-16 Sep 16, 2019
PYPL: The Bumpy Road to Greener Pastures - Navigating PayPal in 2020 Sep 16, 2019
2019-09-11 Ligado Lunch Meeting Notes Sep 12, 2019
Wireless Q2 2019: TINA Loves Telecom. So Does Elliott. Sep 10, 2019
Internet Comps 2019-09-09 Sep 9, 2019
Communications Infrastructure Comps 2019-09-09 Sep 9, 2019
Media Comps 2019-09-09 Sep 9, 2019
Payments, Processors, & IT Services: Fall 2019 Sector Outlook (in 50 charts) Sep 9, 2019
Telecom Cable Satellite Comps 2019-09-09 Sep 9, 2019
ViacomCBS: The Hate You Give Sep 9, 2019
U.S. Media: Ready or Not, Here Comes the NFL! Sep 5, 2019
Square: A Deep Dive – The Bull Thesis in 30 Slides Sep 5, 2019
Fall 2019 Sector Outlook Slides Sep 5, 2019
Internet Infrastructure: Hard Knock Life… What Can ROIC Teach Us About Value Creation in Tough Times? Sep 4, 2019
A Deep Dive on Square Slides Sep 4, 2019
Broadband: The Growth Rate Just Accelerated… Sort of Sep 3, 2019
Media Comps 2019-09-03 Sep 3, 2019
Communications Infrastructure Comps 2019-09-03 Sep 3, 2019
U.S. Advertising: Same Question, Same Answer Sep 3, 2019
Telecom Cable Satellite Comps 2019-09-03 Sep 3, 2019
Internet Comps 2019-09-03 Sep 3, 2019
SQ: Bye-bye Caviar, Hello Cash App. Upgrading to Buy Sep 3, 2019
Media & Internet Marketing Deck Sep 1, 2019
Media Comps 2019-08-26 Aug 26, 2019
Internet Comps 2019-08-26 Aug 26, 2019
Telecom Cable Satellite Comps 2019-08-26 Aug 26, 2019
Communications Infrastructure Comps 2019-08-26 Aug 26, 2019
Zayo Q4 F2019 Earnings: What’s the Read Across? Aug 21, 2019
Payments, Processors, and IT Services: 2Q19 Roundup - Top Sector Themes and Updated Stock Preferences Aug 19, 2019
Internet Comps 2019-08-19 Aug 19, 2019
Media Comps 2019-08-19 Aug 19, 2019
Communications Infrastructure Comps 2019-08-19 Aug 19, 2019
Telecom Cable Satellite Comps 2019-08-19 Aug 19, 2019
Alphabet: What Lies Beneath the Clouds Aug 19, 2019
Q2 2019 Cord-Cutting Monitor: The Case for Things Getting Better (Yes, Better) from Here Aug 15, 2019
CBS & Viacom: Didn’t See That Coming! Aug 14, 2019
Telecom Cable Satellite Comps 2019-08-12 Aug 12, 2019
Communications Infrastructure Comps 2019-08-12 Aug 12, 2019
WPP: One Step at a Time Aug 12, 2019
Media Comps 2019-08-12 Aug 12, 2019
Internet Comps 2019-08-12 Aug 12, 2019
DXC 1Q20: Plan B Just Got More Urgent. Can They Sell the Whole Damn Thing? Aug 9, 2019
CBS & Viacom: The Last Waltz Aug 9, 2019
IBM: The Red Hat Strategy and Numbers Are In. Meanwhile, Cloud Growth is Decelerating. Now What? Aug 8, 2019
Fox: Here's to the First of Many Aug 8, 2019
Cogent Q2 2019 Earnings: Widows and Orphans Aug 8, 2019
Cable One Q2 2019 Earnings: 50% Margins Are Beginning to Look More Like a Floor than a Ceiling Aug 7, 2019
FIS 2Q19: Off to the Races Aug 7, 2019
Disney: Channeling Our Inner Avril Lavigne Aug 7, 2019
CenturyLink Q2 2019 Earnings: The Storm Before the Calm? Aug 7, 2019
Discovery: Two Years Later Aug 6, 2019
Media Comps 2019-08-05 Aug 5, 2019
Internet Comps 2019-08-05 Aug 5, 2019
Communications Infrastructure Comps 2019-08-05 Aug 5, 2019
Telecom Cable Satellite Comps 2019-08-05 Aug 5, 2019
Square 2Q19: Wherefore Art Thou, Cash App? Aug 2, 2019
Cognizant 2Q19: Dear Brian, Six Metrics We Think Really Matter for Cognizant Aug 2, 2019
Cinemark: Got To Give Credit Where It’s Due Aug 2, 2019
Sprint Q2 2019 Earnings: What the State AGs See Aug 2, 2019
ADP 4Q19: Seventy Down, A Few More to Go Aug 1, 2019
Verizon Q2 2019 Earnings: What’s Left of the Bull Case? Aug 1, 2019
American Tower Q2 2019 Earnings: Can Anything Stop American Tower? Jul 31, 2019
Mastercard 2Q19: A New Partner Every Three Days Jul 31, 2019
Altice USA Q2 2019 Earnings: The Margin Story Keeps Getting Better and Better Jul 31, 2019
CyrusOne Q2 2019 Earnings: Siamese Dream Jul 31, 2019
Global Payments 2Q19: Hurry Up and Wait Jul 31, 2019
AMCX: No Man’s Land, Tough Trends in the Price Jul 31, 2019
Equinix Q2 2019 Earnings: A Different List of Items to Focus On Than Others Jul 31, 2019
Digital Realty Q2 2019 Earnings: Home and Abroad, Puts and Takes Jul 30, 2019
Dish Network Q2 ’19 Earnings: Has the Satellite Business Finally Found a Bottom? And Would Anyone Care? Jul 29, 2019
Media Comps 2019-07-29 Jul 29, 2019
Twitter: Same Growth, Twice the Price Jul 29, 2019
Communications Infrastructure Comps 2019-07-29 Jul 29, 2019
Internet Comps 2019-07-29 Jul 29, 2019
U.S. Media: Man the Lifeboats Jul 29, 2019
Telecom Cable Satellite Comps 2019-07-29 Jul 29, 2019
SBA Q2 2019 Earnings: Will They or Won’t They? Jul 29, 2019
QTS Q2 2019 Earnings: Marching to the Beat of a Different Drummer? Jul 29, 2019
Fiserv, First Data 2Q19: The Pre-Party Jul 26, 2019
Alphabet: Winning by TKO Jul 26, 2019
Charter Q2 2019 Earnings: The Trouble with Simple Stories Jul 26, 2019
Winners and Losers in the T-Mobile/Sprint/Dish Deal: A Summary. Downgrading DISH to Sell; Target Price $30 Jul 25, 2019
T-Mobile Q2 2019 Earnings: Wait, What? Earnings? Jul 25, 2019
PayPal 2Q19: $10 B Burning a Hole in the Corporate Pocket – Who PayPal Might Buy Next Jul 25, 2019
Facebook: What a Difference a Year Makes Jul 25, 2019
Comcast Q2 2019 Earnings: On the One Hand… On the Other Hand Jul 25, 2019
Snap: Living Up to the Hype Jul 24, 2019
Interpublic: Gearing Up For 2020? Jul 24, 2019
AT&T Q2 2019 Earnings: The Uneasy Equilibrium Jul 24, 2019
CoreSite Q2 2019 Earnings: The Light at the End of the Tunnel? Jul 24, 2019
Visa 3Q19: The Other Third Anniversary – Visa’s Long Road Ahead in Europe Jul 24, 2019
Online Advertising: Bringing the Heat Jul 22, 2019
Communications Infrastructure Comps 2019-07-22 Jul 22, 2019
Data Centers: Implications of the Hyperscale Leasing Slowdown and a Close Look at Valuation Jul 22, 2019
Internet Comps 2019-07-22 Jul 22, 2019
Telecom Cable Satellite Comps 2019-07-22 Jul 22, 2019
Media Comps 2019-07-22 Jul 22, 2019
T-Mobile: Is “Standalone TMUS” Now the Best Case Scenario? Jul 19, 2019
Omnicom: Are They Verizon and Everyone Else AT&T? Jul 18, 2019
IBM 2Q19: Just. In. Time. Red Hat Enters, as Cloud Growth Sputters Jul 18, 2019
Netflix: Doubters of the World Unite! Jul 18, 2019
Crown Castle Q2 2019 Earnings: A Messy Beat and Raise Jul 17, 2019
CBS & Viacom: How's Your Summer Going? Jul 16, 2019
FB, V, MA, PYPL: Libra, Libra, Libra – Answers to Your Top 25 FAQs Jul 16, 2019
FB, V, MA, PYPL: Libra, Libra, Libra – Answers to Your Top 25 FAQs Jul 16, 2019
Media Comps 2019-07-15 Jul 15, 2019
Internet Comps 2019-07-15 Jul 15, 2019
Telecom Cable Satellite Comps 2019-07-15 Jul 15, 2019
Communications Infrastructure Comps 2019-07-15 Jul 15, 2019
Advertising Agencies: Putting a Price on Data Jul 15, 2019
MN Quarterly SVOD Tracker: Is It Too Late? Jul 15, 2019
GPN + TSYS: The New Global Payments – “Third is the one with the…?” Jul 12, 2019
U.S. Cable: Could Video Subscriber Losses Eventually Push Cable Margins Up to 50%? Jul 9, 2019
Disney: Circle Of Life Jul 9, 2019
Internet Comps 2019-07-08 Jul 8, 2019
SQ, PYPL: Is it Worth 40% of Valuation? A Deep Dive into Square’s Cash App Jul 8, 2019
U.S. Towers: Valuation Ruminations… Increasing Target Prices, But Downgrading SBA to Neutral Jul 8, 2019
Communications Infrastructure Comps 2019-07-08 Jul 8, 2019
Telecom Cable Satellite Comps 2019-07-08 Jul 8, 2019
Media Comps 2019-07-08 Jul 8, 2019
Snap: As Smooth as a Baby’s Face? Jul 1, 2019
Internet Comps 2019-07-01 Jul 1, 2019
Media Comps 2019-07-01 Jul 1, 2019
Telecom Cable Satellite Comps 2019-07-01 Jul 1, 2019
Communications Infrastructure Comps 2019-07-01 Jul 1, 2019
ACN 3Q19: 31 Deals in 18 Months - Spotlight on M&A Jun 28, 2019
MN State of the Industry 2019 Group Lunch Jun 28, 2019
U.S. Telecommunications: Does 5G Put Verizon’s “Nation’s Best Network” Positioning at Risk? Jun 27, 2019
Paychex 4Q19: Unriddling the PEO Jun 27, 2019
Alphabet: On Shakier Ground? Jun 24, 2019
Communications Infrastructure Comps 2019-06-24 Jun 24, 2019
Internet Comps 2019-06-24 Jun 24, 2019
Media Comps 2019-06-24 Jun 24, 2019
Telecom Cable Satellite Comps 2019-06-24 Jun 24, 2019
Payments: Digital Wallet Wars Escalate – New 1000+ Respondent Consumer Survey on Usage of 14 Wallets Jun 20, 2019
Netflix: The Great International RPU Debate Jun 20, 2019
FB, V, MA, PYPL: Libra Unveiled – Big Day for Crypto, Nice-To-Have for FB, Important Experiment for Payments Jun 19, 2019
FB, V, MA, PYPL: Libra Unveiled – Big Day for Crypto, Nice-To-Have for FB, Important Experiment for Payments Jun 19, 2019
Internet Comps 2019-06-17 Jun 17, 2019
Communications Infrastructure Comps 2019-06-17 Jun 17, 2019
Media Comps 2019-06-17 Jun 17, 2019
Telecom Cable Satellite Comp Sheet 2019-06-17 Jun 17, 2019
Payments: Takeaways from Discussions with Stripe, REPAY, and Marqeta at MN's PPI Summit Jun 14, 2019
Twitter: A Problem of Its Own Making Jun 13, 2019
CenturyLink: Ignore the Shiny New Objects Jun 12, 2019
Payments: Takeaways from Discussions with the CEOs of American Express and Discover at MN's PPI Summit Jun 12, 2019
Facebook: Friending Facebook Again, Upgrade to Buy Jun 11, 2019
IT Services: Takeaways from Conversations with Cognizant's CFO and CGI's CEO at MN's PPI Summit Jun 11, 2019
Telecom Cable Satellite Comps 2019-06-10 Jun 10, 2019
Internet Comps 2019-06-10 Jun 10, 2019
Paychex: Four Takeaways from our Fireside Chat with Paychex’s CFO during MN’s PPI Summit Jun 10, 2019
Communications Infrastructure Comps 2019-06-10 Jun 10, 2019
Media Comps 2019-06-10 Jun 10, 2019
U.S. Advertising: The One Exception? Jun 6, 2019
Visa: Takeaways from Discussions with Visa’s CEO at MoffettNathanson's PPI Summit Jun 6, 2019
Mastercard: Takeaways from Discussions with Mastercard’s President, NA at MN’s PPI Summit Jun 6, 2019
PayPal: Six Takeaways from Discussions with PayPal’s CEO during MN’s PPI Summit Jun 5, 2019
U.S. Broadband: Where Are AT&T Fiber’s Subscriber Gains Coming From? Jun 4, 2019
Fox: Fox Goes to Hollywood Jun 4, 2019
Telecom Cable Satellite Comps 2019-06-03 Jun 3, 2019
Internet Comps 2019-06-03 Jun 3, 2019
Communications Infrastructure Comps 2019-06-03 Jun 3, 2019
Media Comps 2019-06-03 Jun 3, 2019
U.S. Media: To Each Their Own? May 30, 2019
WarnerMedia: Raising the Curtain on Their DTC Plans May 29, 2019
Global Payments + TSYS: A Positive (and Necessary) Stepping Stone May 29, 2019
Internet Comps 2019-05-28 May 28, 2019
Telecom Cable Satellite Comp Sheet 2019-05-28 May 28, 2019
Communications Infrastructure Comps 2019-05-28 May 28, 2019
Media Comps 2019-05-28 May 28, 2019
DXC 4Q19: Time for Plan B, Part 2… Sell IP & BPS, Buy More Digital? May 24, 2019
2019 State of the Industry Conference Call Deck May 23, 2019
Initiating Coverage of FIS and Fiserv Slides May 22, 2019
FIS, FISV, WP, FDC: “When You Come to a Fork in the Road, Take It.” Initiating Coverage of FIS and Fiserv May 21, 2019
FIS, FISV, WP, FDC: “When You Come to a Fork in the Road, Take It.” Initiating Coverage of FIS and Fiserv [EXCERPT] May 21, 2019
Telecom Cable Satellite Comp Sheet 2019-05-20 May 20, 2019
Internet Comps 2019-05-20 May 20, 2019
Payments Summit 2019 Agenda May 20, 2019
Media Comps 2019-05-20 May 20, 2019
Communications Infrastructure Comps 2019-05-20 May 20, 2019
Payments, Processors, and IT Services: 1Q19 Roundup - Top Sector Themes and Updated Stock Preferences May 14, 2019
Social Media Focus Group: SNAP Can’t Grow Up! May 13, 2019
Internet Comps 2019-05-13 May 13, 2019
Media Comps 2019-05-13 May 13, 2019
Viacom: Read the Fine Print May 13, 2019
Telecom Cable Satellite Comps 2019-05-13 May 13, 2019
Communications Infrastructure Comps 2019-05-13 May 13, 2019
FB, V, MA, PYPL: Facebook’s Cryptocurrency Project Libra – How it Could Matter May 10, 2019
FB, V, MA, PYPL: Facebook’s Cryptocurrency Project Libra – How it Could Matter May 10, 2019
ADP: A Deep Dive - The Bull Thesis in 20 Slides May 9, 2019
Disney: A Changing Narrative May 9, 2019
IBM: A Deep Dive – The Bear Thesis in 20 Slides May 9, 2019
Cable One Q1 2019 Earnings: How Much Runway Is Left? May 9, 2019
Zayo Q3 F2019 Earnings: Finding Mr. Right May 8, 2019
CenturyLink Q1 2019 Earnings: Enough to Offset the Top Line? May 8, 2019
Social Media Survey: What Are Users Saying? May 8, 2019
Cognizant 1Q19: Gravity Prevails, Just as a New CEO Enters. Now What? May 8, 2019
Media and Communications Updated Final Summit Agenda May 2019 May 8, 2019
Q1 2019 Cord-Cutting Monitor: About that Lifeboat… May 7, 2019
Cinemark: What Will Disney Do With Its Box Office Clout? May 7, 2019
Media and Communications Final Summit Agenda May 2019 May 7, 2019
Sprint CQ1 2019 Earnings: What’s the Backup Plan? May 7, 2019
Global Payments 1Q19: Who Might They Buy Next? May 6, 2019
Media Comps 2019-05-06 May 6, 2019
Telecom Cable Satellite Comps 2019-05-06 May 6, 2019
Internet Comps 2019-05-06 May 6, 2019
Inaugural Payments Summit Agenda May 6, 2019
Communications Infrastructure Comps 2019-05-06 May 6, 2019
Dish Network Q1’19 Earnings: The Outlook is Brightening for Mid-Band… but the Road Ahead Remains Long May 3, 2019
CBS: New CEO…New Disclosure? May 3, 2019
American Tower Q1 2019 Earnings: Solid Results, But Will the Halo Effect Persist? May 3, 2019
Worldpay 1Q19: Dear FIS, There’s Upside to Standalone Worldpay (In Addition to the Revenue Synergies) May 3, 2019
ADP 3Q19: Resilient May 2, 2019
Square 1Q19: Demystifying Subscription & Services May 2, 2019
Cogent Q1 2019 Earnings: Assessing All-Time Highs May 2, 2019
Discovery: A Year Later May 2, 2019
ADP IBM Deep Dive Slides May 2, 2019
Altice USA Q1 2019 Earnings: Still More Room to Run? May 2, 2019
Mastercard 1Q19: Investing for the Future – A Peek Into the Next Horizon of Growth May 1, 2019
FDC 1Q19: Fiserv, Please Handle With Care May 1, 2019
AMC Networks: How Much Longer Does This Balancing Act Last? May 1, 2019
Equinix Q1 2019 Earnings: Is Being Different Enough? May 1, 2019
CyrusOne Q1 2019 Earnings: Managing Through Feast and Famine May 1, 2019
Alphabet: Deceleration Detective Service Apr 30, 2019
QTS Q1 2019 Earnings: Thinking About Returns Apr 30, 2019
Charter Q1 2019 Earnings: Margins are the Next Leg of the Story Apr 30, 2019
U.S. Media: Let The Good Times Stream? Apr 29, 2019
Telecom Cable Satellite Comps 2019-04-29 Apr 29, 2019
Internet Comps 2019-04-29 Apr 29, 2019
SBA Q1 2019 Earnings: Contemplating What Happens if the Deal is No More Apr 29, 2019
FISV-FDC and FIS-WP: Is the Answer Always 4%? Our Financial Technology Services Market Forecast Apr 29, 2019
WPP and Interpublic: Yin and Yang Apr 29, 2019
Media Comps 2019-04-29 Apr 29, 2019
Communications Infrastructure Comps 2019-04-29 Apr 29, 2019
PayPal 1Q19: Climbing the Tree Apr 25, 2019
Comcast Q1 2019 Earnings: Life after Disney Apr 25, 2019
Facebook: Checking Off The Concerns Apr 25, 2019
Visa 2Q19: Teflon Apr 25, 2019
T-Mobile Q1 2019 Earnings: Can the Merger be Saved? Apr 25, 2019
Digital Realty Q1 2019 Earnings: Searching for Clues Apr 25, 2019
Twitter: “So we've got lots of game(s) left to play” Apr 24, 2019
AT&T Q1 2019 Earnings: Searching for a Unifying Theory Apr 24, 2019
Snap: A Cinderella Story Apr 24, 2019
CoreSite Q1 2019 Earnings: Can It Stay at the Top of the ROIC Class? Apr 24, 2019
Verizon Q1 2019 Earnings: Has Verizon Bet on the Wrong (Spectrum) Horse? Apr 23, 2019
Telecom Cable Satellite Comps 2019-04-22 Apr 22, 2019
Media Comps 2019-04-22 Apr 22, 2019
Communications Infrastructure Comps 2019-04-22 Apr 22, 2019