RESEARCH

Title Date
Alphabet: Is Google's Cloud Future Less Cloudy - Redux? Jul 18, 2018
Omnicom: Out With The Old Jul 18, 2018
Netflix: Stranger Things Jul 17, 2018
Amazon: Prime Day 2018: What You Need to Know Jul 16, 2018
Telecom Cable Satellite Comps 2018-07-16 Jul 16, 2018
U.S. Communications Infrastructure, Telecom, & Cable: The Case of the Missing Revenue, Revisited Jul 16, 2018
Communications Infrastructure Comps 2018-07-16 Jul 16, 2018
Media Comps 2018-07-16 Jul 16, 2018
Advertising Agencies: Reacting Under Pressure Jul 16, 2018
Internet Comps 2018-07-16 Jul 16, 2018
June Retail Sales: 5% Growth… Spells R-E-L-I-E-F for Retail Jul 16, 2018
Interpublic: Buyer's Remorse? Jul 12, 2018
Payments Initiation Conference Call Jul 12, 2018
AT&T & Time Warner: TWX Appeal - July 12, 2018 Jul 12, 2018
DIS/FOXA/Sky – Three Paths Forward - July 12, 2018 Jul 12, 2018
'Shall I compare thee to a summer’s day?” Initiating coverage of the Payments sector Jul 11, 2018
Dish Network: The Plot Thickens - July 11, 2018 Jul 11, 2018
U.S. Pay TV: The Other Side of Cord-Cutting… A Rare Glimpse into the Black Box of Video Package Mix Jul 10, 2018
RSLI: Retail Sales Sizzling; Decelerating Trend a Risk Jul 10, 2018
Not Your Father's AFFO... Assessing AFFO Holistically Across the Communications Infrastructure Space Jul 9, 2018
Best Buy: Looking to Succeed, Not Just Survive Jul 8, 2018
Communications Infrastructure Comps 2018-07-02 Jul 2, 2018
Telecom Cable Satellite Comps 2018-07-02 Jul 2, 2018
HILI Drops Again, Growing Risk to 2H Sales Jul 2, 2018
Internet Comps 2018-07-02 Jul 2, 2018
Media Comps 2018-07-02 Jul 2, 2018
Fool’s Gold? Not All Mid-Band Spectrum is Created Equal - July 2, 2018 Jul 2, 2018
Auto Dealer Forum Nuggets, CarMax, AutoNation and More Jun 29, 2018
Bed Bath & Bygone Jun 28, 2018
2nd Annual NYC Advertising Tour 2018 Jun 27, 2018
DIS/FOXA - FOX In the Hand - June 27, 2018 Jun 27, 2018
What Should Amazon Do With Prime Video? Jun 26, 2018
U.S. Media - Weekly Ratings: 6/18-6/24 Jun 26, 2018
CarMax: Delivering Profits; Now Time to Comp Jun 25, 2018
Retail Comp Sheet 06-25-2018 Jun 25, 2018
Communications Infrastructure Comps 2018-06-25 Jun 25, 2018
Media Comps 2018-06-25 Jun 25, 2018
Telecom Cable Satellite Comps 2018-06-25 Jun 25, 2018
Growth Slows, Capacity Grows… Ouch! Jun 25, 2018
O’Reilly: Tapping the Brakes; Downgrade to Neutral Jun 25, 2018
Internet Comps 2018-06-25 Jun 25, 2018
Kroger: Reinventing Themselves for a Multichannel Future Jun 22, 2018
BJs is Coming Back Slides Jun 21, 2018
WSJ Article on Amazon & Washington - June 21, 2018 Jun 21, 2018
Dinosaurs in the Digital Age Slides Jun 20, 2018
Comcast, Fox, and Disney: Net Neutrality in the Age of Aquarius, … or, Why the DOJ Tried the Wrong Case - June 21, 2018 Jun 20, 2018
DIS/FOXA – That Was Obvious! - June 20, 2018 Jun 20, 2018
Dinosaurs in the Digital Age? Initiating Coverage of the Advertising Agencies (WPP, OMC, IPG) Jun 19, 2018
BJs is Coming Back Jun 19, 2018
Communications Infrastructure Comps 2018-06-18 Jun 18, 2018
Internet Comps 2018-06-18 Jun 18, 2018
Media Comps 2018-06-18 Jun 18, 2018
Telecom Cable Satellite Comps 2018-06-18 Jun 18, 2018
Blaming it on Weather, Reinvesting Tax Cuts Jun 15, 2018
Time Warner: Dropping Coverage Jun 15, 2018
May Retail Sales: April Showers Brought May Flowers Jun 14, 2018
Comcast for Fox: It’s Always Sunny in Philadelphia - June 14, 2018 Jun 14, 2018
Telecom and Cable & Satellite Marketing Deck Jun 13, 2018
U.S. Media: Implications of T-TWX Approval; Downgrade TWX to Neutral Jun 13, 2018
AT&T: Curb Your Enthusiasm; Downgrading to Sell, PT $28 Jun 13, 2018
Red Hat: Suspending Coverage Jun 13, 2018
Salesforce: Suspending Coverage Jun 13, 2018
Intuit: Suspending Coverage Jun 13, 2018
Workday: Suspending Coverage Jun 13, 2018
Atlassian: Suspending Coverage Jun 13, 2018
Splunk: Suspending Coverage Jun 13, 2018
Oracle: Suspending Coverage Jun 13, 2018
Adobe: Suspending Coverage Jun 13, 2018
New Relic: Suspending Coverage Jun 13, 2018
Symantec: Suspending Coverage Jun 13, 2018
VMware: Suspending Coverage Jun 13, 2018
Microsoft: Suspending Coverage Jun 13, 2018
Tableau: Suspending Coverage Jun 13, 2018
ServiceNow: Suspending Coverage Jun 13, 2018
RSLI: Downtick to 4.8% on Energy Costs, Less Good Employment & Confidence Jun 12, 2018
Equinix: Follow the Feedback...Addressing the Most Common Post-Initiation Client Questions Jun 11, 2018
Telecom Cable Satellite Comps 2018-06-11 Jun 11, 2018
Internet Comps 2018-06-11 Jun 11, 2018
Communications Infrastructure Comps 2018-06-11 Jun 11, 2018
Media Comps 2018-06-11 Jun 11, 2018
May C3 Ratings – Thank You, LeBron for 22 Playoff Games! - June 11, 2018 Jun 11, 2018
Symantec: Durations Mask a Weakening Bus., Investments and M&A Coming; Reiterate Sell Jun 8, 2018
U.S. Advertising: What Happens if TV Reach Dies? Jun 7, 2018
T-Mobile/Sprint and U.S. Wireless: The HHI Problem Jun 7, 2018
Altice USA: After the Spin; Buy (with a TP of $25) Jun 5, 2018
FOXA/DIS/CMCSA – Let The Sky Bidding War Begin! - June 5, 2018 Jun 5, 2018
Internet Comps 2018-06-04 Jun 4, 2018
Walmart Shareholders Day Lesson: The East India Company Was A Long Game Too Jun 4, 2018
Internet Infrastructure Comps 2018-06-04 Jun 4, 2018
Media Comps 2018-06-04 Jun 4, 2018
Costco: Growing Through the Amazon Effect Jun 4, 2018
Software Comp Sheet 06-04-2018 Jun 4, 2018
Target: Driving Traffic, Will EBIT Follow? Jun 4, 2018
Telecom Cable Satellite Comps 2018-06-04 Jun 4, 2018
What is GitHub and Why is it So Important to The Future of Software? Jun 3, 2018
VMware: Are We Clear To Focus on the Fundamentals? Because They Are Pretty Good Jun 1, 2018
WDAY: Seasonality Aside, Growth is Slowing Jun 1, 2018
Lowe’s: What Can Marvin Ellison Do To Help Lowe’s? May 31, 2018
Dollar Stores 1Q Miss: More Weather/Food Fight than Amazon. For Now... May 31, 2018
U.S. Media: What is the Future of Traditional TV Studios? May 31, 2018
April Home Improvement Lead Indicator: Will April Showers Bring May Comps? May 30, 2018
Salesforce: FY18 Strength Continues into Q1 with the Guide Leaving a Lot of Room for Upside May 30, 2018
Splunk: Strength in Adjusted Billings & New Business Gives Us Confidence to Raise Ests. May 29, 2018
Internet Comps 2018-05-29 May 29, 2018
Retail Comp Sheet 05-29-2018 May 29, 2018
Software Comp Sheet 05-29-2018 May 29, 2018
Communications Infrastructure Comps 2018-05-29 May 29, 2018
Media Comps 2018-05-29 May 29, 2018
Telecom Cable Satellite Comps 2018-05-29 May 29, 2018
Intuit: The Consumer ASP Story Has Many More Chapters; TSheets Starts to Contribute May 29, 2018
Target: The Human Touch Matters in a Digital World May 25, 2018
2018 Connectivity Expo – key takeaways and notes (towers and Dish Network) May 23, 2018
Fox: Love Triangle May 23, 2018
Walmart: Flipping Through the Portfolio May 22, 2018
Lowe’s Flash Note: Lucky Penney? Marvin Ellison Named New President & CEO May 22, 2018
Software Comp Sheet 05-21-2018 May 21, 2018
Telecom Cable Satellite Comps 2018-05-21 May 21, 2018
State of the Industry Slides 2018 May 21, 2018
Retail Comp Sheet 05-21-2018 May 21, 2018
Communications Infrastructure Comps 2018-05-21 May 21, 2018
Internet Comps 2018-05-21 May 21, 2018
Media Comps 2018-05-21 May 21, 2018
Snap: Point Made. Upgrading from Sell to Neutral May 21, 2018
Amazon Prime Slides May 18, 2018
Home Depot: Multichannel Nears 8%, Macro Remains Supportive May 17, 2018
Retail Sales: Is 4% Good Enough for 18% EPS Growth? May 16, 2018
April C3 Ratings – Is Spring in the Air? - May 16, 2018 May 16, 2018
Software Comp Sheet 05-14-2018 May 14, 2018
1Q Earnings Preview: Now the Empires Strike Back May 14, 2018
Retail Comp Sheet 05-14-2018 May 14, 2018
Symantec: 4Q Earnings – This May Be Far From Over. Downgrade to Sell May 11, 2018
Is Maturing Prime Membership a Problem? May 10, 2018
AMC Networks: Too Much Fear of The Walking Dead? May 10, 2018
Tableau: Transition Clouds Fundamentals and Valuation is Extended - Downgrading DATA Shares To Sell May 10, 2018
Q1 2018 Cord-Cutting Monitor: Are We All Focusing On the Wrong Number? May 10, 2018
Fox: The Other Side of Deal Hell May 10, 2018
Dollar General, Dollar Tree, Kroger: It’s Not You…It’s Alexa May 10, 2018
Cable One Q1 2018 Earnings: The Best-Behaved Kid in Detention May 9, 2018
Disney: Everything’s Working But The Stock Price May 9, 2018
Discovery: Seeing is Believing? May 9, 2018
New Relic: They Are Who We Thought They Were! May 9, 2018
Altice USA Q1 2018 Earnings: Spinning May 9, 2018
CenturyLink Q1 2018 Earnings: Where is the Bar Set? May 9, 2018
Cinemark: Will Box Office Growth Live Up To The Hype? May 9, 2018
Dish Q1 2018 Earnings: Something’s Gotta Give May 8, 2018
Walmart & Amazon: Flipping Out? - May 8, 2018 May 8, 2018
RSLI Suggests Modest Reacceleration in 2H May 7, 2018
Software Comp Sheet 05-07-2018 May 7, 2018
ServiceNow: Knowledge is Power - User Event Confirms Many Routes to 30%+ Top Line Growth May 7, 2018
Telecom Cable Satellite Comps 2018-05-07 May 7, 2018
5th Annual MoffettNathanson Media & Communications Summit - Final Agenda May 7, 2018
Altice USA: Can Altice USA Cure the Cable Flu? May 7, 2018
Retail Comp Sheet 05-07-2018 May 7, 2018
Media Comps 2018-05-07 May 7, 2018
Communications Infrastructure Comps 2018-05-07 May 7, 2018
Internet Comps 2018-05-07 May 7, 2018
CBS: The Waiting Is The Hardest Part May 4, 2018
Wayfair: Way Day, Way Day! Time to Get Onboard? May 3, 2018
Cogent Q1 2018 Earnings: History Rhymes – Will It Repeat? May 3, 2018
Zayo Q3 F2018 Earnings: The Immovable Object May 3, 2018
Snap 1Q18 Earnings: A Very Public Work in Progress…At 14X Revenues May 2, 2018
Sprint CQ1 2018 Earnings: Why the Merger Is Urgent May 2, 2018
Equinix Q1 2018 Earnings: A Growth Holding Pattern May 2, 2018
CyrusOne Q1 2018 Earnings: The Pressure to Lease May 2, 2018
Marc Wulfraat Bio May 1, 2018
American Tower Q1 2018 Earnings: Consolidation and FirstNet and India, Oh My! May 1, 2018
T-Mobile Q1 2018 Earnings: What Happens if the Deal is Rejected? May 1, 2018
Alphabet: Trying to Make Sense of a Very Expensive Quarter May 1, 2018
Software Comp Sheet 04-30-2018 Apr 30, 2018
Internet Comps 2018-04-30 Apr 30, 2018
Walmart: Battle of the Ages Goes British. God Save the Stores! Apr 30, 2018
Media Comps 2018-04-30 Apr 30, 2018
T-Mobile, Sprint, and the Towers: It's Hammer Time Apr 30, 2018
Telecom Cable Satellite Comps 2018-04-30 Apr 30, 2018
Retail Comp Sheet 04-30-2018 Apr 30, 2018
SBA Q1 2018 Earnings: How the Other Half Lives (and Invests) Apr 30, 2018
Communications Infrastructure Comps 2018-04-30 Apr 30, 2018
U.S. Cable and Satellite: Sifting Through the Wreckage - April 30, 2018 Apr 30, 2018
Microsoft: Staggering Q3 Numbers With Several Important Subplots Apr 27, 2018
Charter Q1 2018 Earnings: How Did Charter Get To Be A Sub-$300 Stock Again? Apr 27, 2018
Tractor Supply: Time to Get Behind the Tractor? Apr 27, 2018
5th Annual MoffettNathanson Media & Communications Summit Agenda Apr 27, 2018
Amazon: 1Q18: Driving Towards $1 Trillion Apr 27, 2018
U.S. Theaters – CinemaCon 2018 Takeaways: The Year of Harmony - April 27, 2018 Apr 27, 2018
Booking Holdings: Dropping Coverage Apr 26, 2018
CoreSite Q1 2018 Earnings: The Playbook and the Pipeline Apr 26, 2018
U.S. Online Travel: Is Global Travel Growth Back, Baby? Apr 26, 2018
Sherwin-Williams: Pricing Power Matters Apr 26, 2018
Intuit: The Comeback King - TurboTax Retakes Share, Exceeds ASP Expects & Raises Guidance Apr 26, 2018
Expedia: Dropping Coverage Apr 26, 2018
TWX: Why Sell Now? (Day 2) Apr 26, 2018
ServiceNow: Blows Through Another Q1; Growth Story Keeps Getting Better Apr 26, 2018
Digital Realty Q1 2018 Earnings: Can Pricing Persist? Apr 26, 2018
TripAdvisor: Dropping Coverage Apr 26, 2018
Amazon: What to Watch for in Q1 Results Apr 25, 2018
Comcast Q1 2018 Earnings: Wag the Dog Apr 25, 2018
AT&T Q1 2018 Earnings: Does AT&T Need a Plan B? Apr 25, 2018
QTS Q1 2018 Earnings: A First Look at the “New” QTS Apr 25, 2018
Facebook 1Q18 Earnings: No Nipple Slips Here Apr 25, 2018
VIAB: Why Sell Now? Apr 25, 2018
Twitter 1Q18 Earnings: Get It, Got It, Sell Apr 25, 2018
Google 1Q18 Earnings: Sloppy but Strong Apr 24, 2018
Auto Aftermarket: Blame it On The Weather (50bps Hit in April) Apr 24, 2018
Verizon Q1 2018 Earnings: Why 5G Matters Apr 24, 2018
U.S. Media: The Very Definition of “Deal Hell” Apr 24, 2018
HILI: Deceleration to 4.9% Doesn’t Look Like 2007. Yet. Apr 24, 2018
Lowe’s: Deep Dive Meeting Takeaways Apr 24, 2018
Software Comp Sheet 04-23-2018 Apr 23, 2018
Retail Comp Sheet 04-23-2018 Apr 23, 2018
Consumer Marketing Deck Apr 23, 2018
Communications Infrastructure 2018-04-23 Apr 23, 2018
Film Studios: Will Size Matter in Hollywood? Apr 23, 2018
Telecom Cable Satellite Comps 2018-04-23 Apr 23, 2018
Red Hat: Management Meetings Strengthen Our Already High Conviction in Growth & Upside Apr 23, 2018
Media Comps 2018-04-23 Apr 23, 2018
Internet Comps 2018-04-23 Apr 23, 2018
Spectrum: The Sky is Falling - April 22, 2018 Apr 22, 2018
Atlassian: Strong Q3 Results, Yet Not Enough To Keep The Wind In The Sails Apr 20, 2018
Genuine Parts Co. Sluggish Auto Demand: Cyclical or Secular? Apr 20, 2018
Not All Raised Floor Is Created Equal: Initiating Coverage of the Data Centers [Conference Call Transcript] Apr 20, 2018
CarMax: Analyst Day Learnings; Trimming Comps for the Value Gap Apr 19, 2018
Genuine Parts Co 1Q Earnings Flash Apr 19, 2018
Amazon Letter to Shareholders, Setting a New Standard - April 19, 2018 Apr 19, 2018
New Relic: Great Story with Room to Run Apr 18, 2018
Crown Castle Q1 2018 Earnings: MLAs on Our Minds Apr 18, 2018
NFLX: Winning Hearts & Minds Everywhere Apr 17, 2018
PaaS Wars Slides Apr 17, 2018
Inaugural MoffettNathanson Retail Summit: The More Things Change, The Faster They Change Apr 17, 2018
Salesforce: Meetings with Keith Block, Field Checks and M&A Analysis Point to More Upside Apr 17, 2018
1Q Online Advertising: Queue the Questions Apr 17, 2018
Software Comp Sheet 04-16-2018 Apr 16, 2018
Communications Infrastructure Comps 2018-04-16 Apr 16, 2018
Internet Comps 2018-04-16 Apr 16, 2018
Media Comps 2018-04-16 Apr 16, 2018
March Retail Sales: Out Like a Lamb Apr 16, 2018
Not All Raised Floor Is Created Equal: A Companion to Our Data Center Initiation Report Apr 16, 2018
Telecom Cable Satellite Comps 2018-04-16 Apr 16, 2018
Retail Comp Sheet 04-16-2018 Apr 16, 2018
Genuine Parts Co.: SPR Divestiture - Addition by Subtraction Apr 16, 2018
Discovery: Will Investors Discover It? Apr 16, 2018
Bed Bath & Beyond: Walking up a Down Escalator Apr 16, 2018
Data Center Initation Slides Apr 13, 2018
Infor: Owning The Last Mile & Pivoting to the Cloud, Commerce Network and Data Science Apr 12, 2018
Amazon & Trump: Neither Rain, Nor Heat, Nor Postal Tweet Apr 10, 2018
T-Mobile: The Case for $80 per Share Apr 10, 2018
PaaS Wars; Demystifying the PaaS Market and Related Investment Opportunities Apr 9, 2018
2018 eComm Survey Slides Apr 9, 2018
Telecom Cable Satellite Comps 2018-04-09 Apr 9, 2018
Retail Comp Sheet 04-09-2018 Apr 9, 2018
Not All Raised Floor Is Created Equal: Initiating Coverage of the Data Centers (COR, CONE, DLR, EQIX, QTS) Apr 9, 2018
Software Comp Sheet 04-09-2018 Apr 9, 2018
Internet Comps 2018-04-09 Apr 9, 2018
Media Comps 2018-04-09 Apr 9, 2018
Internet Infrastructure Comps 2018-04-09 Apr 9, 2018
CBS & VIAB: Shari’s Choice - April 9, 2018 Apr 9, 2018
Snap Focus Group Part II Slides Apr 5, 2018
CarMax: Mind the Value Gap Apr 5, 2018
Cinemark: Cyclical Outweighs Secular (For Now); Upgrade to Neutral Apr 5, 2018
2018 eCommerce Survey: Ready or Not – Here Comes Voice Shopping Apr 5, 2018
Netflix: A Clash of Heart vs. Mind Apr 4, 2018
Retail Summit Agenda Apr 4, 2018
RSLI: Consumer Looks Strong, If the Market & Tariffs Don’t Screw It Up Apr 3, 2018
Advance Auto Parts: CFO Change Another Step on a Transformative Journey Apr 3, 2018
Retail Comp Sheet 04-02-2018 Apr 2, 2018
Internet Comps 2018-04-02 Apr 2, 2018
Telecom Cable Satellite Comps 2018-04-02 Apr 2, 2018
Wayfair: A Unique Take on Home Goods Apr 2, 2018
Snap Focus Group Part II: “Who Were the Beta Testers?” Apr 2, 2018
Splunk: The FY19 Guide and Outlook Are Much Better than They Might Appear Apr 2, 2018
Lowe’s: The Waiting is the Hardest Part Apr 2, 2018
Internet Infrastructure Comps 2018-04-02 Apr 2, 2018
Media Comps 2018-04-02 Apr 2, 2018
Software Comp Sheet 04-02-2018 Apr 2, 2018
RH: Trading Growth for Profits in 2018 Mar 29, 2018
CarMax: 4Q Rocky, March Comp/ Inventory Spell Relief Mar 29, 2018
Comcast: The Rhyme of History Mar 28, 2018
Should You #DeleteFB From Your Portfolio? Slides Mar 28, 2018
Red Hat: Big Numbers on a Big Compare in a Blowout 4Q Mar 27, 2018
Facebook: Should You #DeleteFB From Your Portfolio? Mar 26, 2018
Communications Infrastructure 2018-03-26 Mar 26, 2018
Retail Comp Sheet 03-26-2018 Mar 26, 2018
Software Comp Sheet 03-26-2018 Mar 26, 2018
Internet Comps 2018-03-26 Mar 26, 2018
Media Comps 2018-03-26 Mar 26, 2018
Telecom Cable Satellite Comps 2018-03-26 Mar 26, 2018
Dish Network: Finally Fairly Valued? Upgrading to Neutral (from Sell); PT Unchanged at $37 Mar 23, 2018
HILI Healthy: EHS and Confidence Bounced Back, but so did Rates Mar 23, 2018
Amazon, Walmart, and Kroger: Food Fight at Your Doorstep Mar 22, 2018
Viacom: What Do They See That We Don’t? Mar 22, 2018
Salesforce: MULE Makes the CRM Platform & Applications Better, Stronger & Faster Mar 21, 2018
Oracle: Largely In-Line Q3/Guide Albeit Complex – Buyback and Taxes Starting to Drive EPS Growth Mar 20, 2018
The Rise of the Closed Media System - March 20, 2018 Mar 20, 2018
U.S. Media - Weekly Ratings: 3/12-3/18 Mar 20, 2018
Internet Infrastructure Comps 2018-03-19 Mar 19, 2018
Intuit: CEO Meetings Further our Conviction in Strong Consumer Tax and Growth in QuickBooks Mar 19, 2018
Software Comp Sheet 03-19-2018 Mar 19, 2018
Internet Comps 2018-03-19 Mar 19, 2018
Media Comps 2018-03-19 Mar 19, 2018
Telecom Cable Satellite Comps 2018-03-19 Mar 19, 2018
Retail Comp Sheet 03-19-2018 Mar 19, 2018
Dollar General: Greater Retention Bumps Outlook; Sustainability Key Mar 16, 2018
Adobe: Another Q - Another Spectacular Print Mar 16, 2018
Lumber Liquidators Deep Dive Notes Mar 16, 2018
Williams Sonoma: Setting the Table for Multichannel Growth Mar 16, 2018
Comcast, Fox and Disney: The Three-Way Fight for Sky Slides Mar 16, 2018
Dollar General 4Q Earnings Flash: Defying Gravity Mar 15, 2018
Mark Wulfraat Bio Mar 15, 2018
February Retail Sales: If the Shoe Fits… 4.5% Growth Still On Track Mar 14, 2018
Retail Earnings Wrap: Do Investments Make Sense? Mar 14, 2018
Google & Facebook: Too Big to Grow? Mar 14, 2018
U.S. Towers: The Small Cell through the Python, and Other Tales Mar 14, 2018
February C3 Ratings – NBC 10, Media 0 - March 14, 2018 Mar 14, 2018
Microsoft: New and Better Azure Math and $2-3B in Risk to Consensus that More Buybacks Can Largely Offset Slides Mar 13, 2018
Software Comp Sheet 03-12-2018 Mar 12, 2018
Retail Comp Sheet 03-12-2018 Mar 12, 2018
Comcast: The Sky’s the Limit? Mar 12, 2018
Weekend Review of Salesforce’s 10-k Yields Several Useful Nuggets - March 12, 2018 Mar 12, 2018
Kroger: More To Spend, But Is There More (Share) To Gain? Mar 9, 2018
Regal: Dropping Coverage Mar 9, 2018
Costco: Riding Loyalty in a Multichannel Retail Storm Mar 9, 2018
KR 4Q Earnings Flash: Playing for Long Term Growth; Paying for it Today Mar 8, 2018
Dollar Tree: Detoured, But Not Derailed Mar 8, 2018
CenturyLink, Zayo, and Cogent: Who’s Winning the Battle for Value Creation? Mar 8, 2018
Dollar Tree Earnings Flash: Investment Year Meets High Expectations Mar 7, 2018
Initial Retail Summit Agenda Mar 7, 2018
Target: Knowing What You Don’t Know Mar 7, 2018
U.S. Media: Did the Market Make a Mistake in Aug 2015? Mar 6, 2018
AN: Trimming 1Q Sales & EBIT; NVLI Says Don’t Expect Much 2H18 Relief Mar 6, 2018
Target 4Q Earnings Flash: Traffic Mojo at a Cost Mar 6, 2018
NVLI Forecast Holds Steady Despite a Softer Start to ‘18 - March 6, 2018 Mar 6, 2018
U.S. Media – Weekly Ratings: 2/26-3/4 Mar 6, 2018
Retail Sales Lead Indicator Moves Higher; Tax Cut Cavalry Should Start to Help Mar 5, 2018
Retail Comp Sheet 03-05-2018 Mar 5, 2018
Software Comp Sheet 03-05-2018 Mar 5, 2018
Internet Comps 2018-03-05 Mar 5, 2018
Tractor Supply: Backup the Tractor, Upgrade to Buy Mar 5, 2018
Media Comps 2018-03-05 Mar 5, 2018
Telecom Cable Satellite Comps 2018-03-05 Mar 5, 2018
Communications Infrastructure Comps 2018-03-05 Mar 5, 2018
AMCX: Advertising is Down… Now What? Mar 2, 2018
VMW: Fundamentals Continue to Prove Resilient but Dell Remains an Overhang on the Stock Mar 2, 2018
Verizon Matt Ellis Notes Mar 2, 2018
SPLK: Pivotal Q4, Drivers in Place for Strong F19 Mar 2, 2018
BBY: Raising the Bar Mar 2, 2018
LOW: Will Bad News Be Good News? Mar 1, 2018
Q4 2017 Cord-Cutting Monitor: Yes, the vMVPDs Are Growing… Like Weeds Mar 1, 2018
BBY 4Q Earnings Flash Mar 1, 2018
CRM: Holy Bookings! Q4 Sets Table for Strong 19 Mar 1, 2018
Cable One Q4’17 Earnings: Canary in the Coal Mine, Part II Mar 1, 2018
LOW: 4Q Earnings Flash Feb 28, 2018
LL: From ICU to Rehab Feb 28, 2018
DISCA: Two Out of Three Ain’t Bad! Feb 28, 2018
AZO: Walking (not Running) in Memphis Feb 28, 2018
TGT: Pricing Out Multichannel Future. Could Late to the Party Mean Better Returns? Feb 28, 2018
Verizon (VZ): Is It Finally Safe to Go Back in the Water? Upgrading Back to Buy, Price Target $56 Feb 28, 2018
WDAY: Huge Q4 Billings, FCF To Follow in FY19/20 Feb 28, 2018
Booking Holdings 4Q17 Earnings: The Artist Formerly Known as Priceline Jams Out As It Closes 2017 Feb 28, 2018
DIS/FOXA – (Sky) Now What? - February 28, 2018 Feb 28, 2018
American Tower Q4 2017 Earnings: A Passage to India Feb 27, 2018
Altice USA Q4 2017 Earnings: Trouble Me? Feb 27, 2018
AZO 2Q18 Earnings Flash Feb 27, 2018
SBA Q4 2017 Earnings: Mr. Clean…Still Clean? Feb 26, 2018
MSFT: New and Better Azure Math and $2-3B in Risk to Consensus that More Feb 26, 2018
Retail Comp Sheet 02-26-2018 Feb 26, 2018
Internet Comps 2018-02-26 Feb 26, 2018
Internet Infrastructure Comps 2018-02-26 Feb 26, 2018
Telecom Cable Satellite Comps 2018-02-26 Feb 26, 2018
Software Comp Sheet 02-26-2018 Feb 26, 2018
Media Comps 2018-02-26 Feb 26, 2018
W: Icarus?... Feb 23, 2018
CNK: Where To From Here? Feb 23, 2018
AAP: Turnaround Potential Tantalizing; Execution Risk Remains Feb 23, 2018
INTU: Positive Signs on Tax ASPs and Units in Q2 Feb 23, 2018
Wayfair Flash Note Feb 22, 2018
HILI Ticks Back to Good Following Hurricane Boost Feb 22, 2018
WDAY: FY19/20 Have the Makings of an Inflection Feb 22, 2018
U.S. Internet: “And the First One Now Will Later Be Last" Feb 22, 2018
HD Playing for Keeps Feb 22, 2018
Cogent Q4 2017 Earnings: Waiting for Godot’s Usage to Show Up in Traffic Volumes Feb 22, 2018
Dish Network Q4 2017 Earnings: Less than Zero? Feb 21, 2018
WMT: Growing Pains, Heightened Expectations, or Both? Feb 21, 2018
GPC: Modest Growth Finding Its Price Feb 21, 2018
Telecom Cable Satellite Comps 2018-02-20 Feb 20, 2018
WMT 4Q Earnings Flash: Questions Ahead of Walmart’s First Live Investor Call Feb 20, 2018
HD 4Q Earnings Flash Feb 20, 2018
Software Comp Sheet 02-20-2018 Feb 20, 2018
Internet Comps 2018-02-20 Feb 20, 2018
U.S. Media: It’s Hard to Be a Short in the City; Upgrade DISCA and AMCX to Neutral Feb 20, 2018
Internet Infrastructure Comps 2018-02-20 Feb 20, 2018
Media Comps 2018-02-20 Feb 20, 2018
TEAM: Turning the Software Model Upside Down Feb 16, 2018
CBS: Les(s) Is More? Feb 16, 2018
4Q17 EPS Preview: What to do with the Cash? What Does it Mean for the Stocks? Feb 15, 2018
NOW CEO Meeting Underscores Growth Potential Feb 15, 2018
TripAdvisor 4Q17 Earnings: Lowering the Bar Feb 15, 2018
Home Earnings Preview: Rate Fears Provide Opportunity Feb 15, 2018
U.S. Telecommunications: Do the Facts Fit the Narrative? Feb 14, 2018
Google vs. Amazon Advertising Slides Feb 14, 2018
Shot Through the Heart? More Confirmation of 4.5% growth in 2018. Feb 14, 2018
CenturyLink Q4 2017 Earnings: Showing Some Skin Feb 14, 2018
January C3 Ratings – Not a Good Way to Start the Year! - February 14, 2018 Feb 14, 2018
AMZN: Earth is a Big Market, Part II. Feb 13, 2018
Is Amazon’s 93% Renewal Rate Pressuring Club Memberships? Feb 13, 2018
U.S. Online Travel: Is Airbnb Ready for Primetime? Feb 12, 2018
Retail Comp Sheet 02-12-2018 Feb 12, 2018
Internet Infrastructure Comps 2018-02-12 Feb 12, 2018
Software Comp Sheet 02-12-2018 Feb 12, 2018
Telecom Cable Satellite Comps 2018-02-12 Feb 12, 2018
Internet Comps 2018-02-12 Feb 12, 2018
Media Comps 2018-02-12 Feb 12, 2018
INTU: Can It Win the Race After Slow Start? Yes Feb 9, 2018
ORCL: Embracing the Great Capital Position Feb 9, 2018
EXPE 4Q17 Earnings Review: Death by a Thousand Cuts Feb 9, 2018
ORLY 4Q17: Pole Position to Reinvest Feb 9, 2018
NVLI Forecast Flashes Red for 2H18 - February 9, 2018 Feb 9, 2018
T-Mobile Q4 2017 Earnings: Can TMUS Pull Off a Smooth Handoff from Growth to FCF? Feb 8, 2018
VIAB: Deal or No Deal? Feb 8, 2018
Twitter4Q17: Is thisa Turn orJust A Really Big Q4? Feb 8, 2018
FOXA: See Dickens & Disney Feb 8, 2018
COST Barking Up the Right Tree; Year of the Dog Starting off Strong - February 8, 2018 Feb 8, 2018
DIS: Multiple Ways To Win Feb 7, 2018
Zayo Q2 F2018 Earnings: One Year Later Feb 7, 2018
ORLY 4Q Earnings Flash: New CEO, Retaining 70% of Tax Cuts in Year 1 Feb 7, 2018
Snap 4Q17 Earnings: Snapping Back? Feb 7, 2018
Trivago 4Q17 Earnings: Picking Itself Up Off the Floor, But Still Finding It’s Footing - February 7, 2018 Feb 7, 2018
U.S. Media: What’s a Programmer to Do? Feb 6, 2018
Retail Sales Lead Indicator (RSLI): To the Moon … And Back Feb 6, 2018
GOOGL & AMZN: What Happens When Giants Collide? Feb 5, 2018
GOOGL & AMZN: What Happens When Giants Collide? Feb 5, 2018
Retail Comp Sheet 02-05-2018 Feb 5, 2018
Internet Infrastructure Comps 2018-02-05 Feb 5, 2018
Telecom Cable Satellite Comps 2018-02-05 Feb 5, 2018
Media Comps 2018-02-05 Feb 5, 2018
Internet Comps 2018-02-05 Feb 5, 2018
INTU’s Consumer Challenge, ORCL’s New Buyback and AWS CAPX Feb 5, 2018
Software Comp Sheet 02-05-2018 Feb 5, 2018
KR: C-Stores Sold. Don’t Box(ed) KR in - February 5, 2018 Feb 5, 2018
DATA: Q4 Strong As Expected, But LT Questions Remain Feb 2, 2018
Charter Q4 2017 Earnings: Groundhog Day Feb 2, 2018
Google 4Q17 Earnings: Twenty–Twenty Feb 2, 2018
Sprint Q4 2017 Earnings: How Long Can “Unsustainable” be Sustained? Feb 2, 2018
SYMC: Enterprise Business In Transition Feb 1, 2018
TWX: Increased Confidence Feb 1, 2018
TSCO: Mud on the Tires: Can Tractor Pull Out of Investment Cycle? Feb 1, 2018
AN: Florida Trumps Switzerland Feb 1, 2018
FB 4Q17 Earnings: (News) Feed-ing us a Line About 2018 Feb 1, 2018
NOW: Upselling Customers, Investing for Growth Feb 1, 2018
MSFT: More Stones Added to the Castle in F2Q18 Feb 1, 2018
First Take: AMZN Not Slowing Down; 30% of U.S. Retail Growth Feb 1, 2018
Not a Kids Game: Toys R Us Pain is WMT/TGT & AMZN’s Gain Jan 31, 2018
TWX: Deal or No Deal, Upgrade to Buy Jan 31, 2018
One Month and Retail is Flying Jan 31, 2018
AT&T Q4 2017 Earnings: Fundamentals vs. Tax Reform Jan 31, 2018
FOXA –New Fox Puts Money Where Its Mouth Is - January 31, 2018 Jan 31, 2018
Red Hat Doubles Down on Containers and Kubernetes, acquires CoreOS - January 31, 2018 Jan 31, 2018
U.S. Theaters: Cyclical vs. Secular and Studio Leverage? Jan 30, 2018
Retail Comp Sheet 01-30-2018 Jan 30, 2018
HILI: No Slowdown in Home Improvement Jan 30, 2018
AMZN: Alexa, Test My Blood? - January 30, 2018 Jan 30, 2018
U.S. Media: Now the NFL Should Worry! Jan 29, 2018
AMZN Q4 Preview: Prime Seasoning + Voice Shopping + Ad Revenues = More Growth Jan 29, 2018
Telecom Cable Satellite Comps 2018-01-29 Jan 29, 2018
Software Comp Sheet 01-29-2018 Jan 29, 2018
Media Comps 2018-01-29 Jan 29, 2018
Communications Infrastructure Comps 2018-01-29 Jan 29, 2018
Internet Comps 2018-01-29 Jan 29, 2018
Dell Considering Strategic Options, Including the Acquisition of the Rest of VMW - January 29, 2018 Jan 29, 2018
LOW: Activism Matters… Jan 26, 2018
MSFT: More Stones to build the Castle in CY18? Jan 26, 2018
SHW: Paint Straight, Base Case $456 Jan 25, 2018
SHW: Flash Note 4Q17 Jan 25, 2018
AT&T (T): A Tax Reform Windfall… but Is That Enough to Change the Narrative? Still Neutral with a TP of $35. Jan 25, 2018
Crown Castle Q4 2017 Earnings: The Case for Crown Jan 24, 2018
4Q OTA Preview: Is There Light at the End of the Tunnel? Jan 24, 2018
Comcast Q4 2017 Earnings: A Little Self-Help, Please? Jan 24, 2018
NFLX: Hello $100 Billion Jan 23, 2018
DATA: Untangling The Factors Impacting Q4 & FY18 Jan 23, 2018
ADBE: EPS, Cashflow and PT Continue to March Higher Jan 23, 2018
NATPE 2018: Addressing Key Media Investor Debates Jan 23, 2018
Verizon Q4 2017 Earnings: Perchance to Dream Jan 23, 2018
Software Comp Sheet 01-22-2018 Jan 22, 2018
U.S. Media: Stranger Things Jan 22, 2018
Detroit Auto Show: The More Things Change… Jan 22, 2018
Auto Aftermarket Stocks are Flying, but are the Fundamentals? Jan 22, 2018
WMT: Sam’s Closures: A $4bn Ante. Is BJ’s the Next Game? Jan 19, 2018
COST Sam’s Closures - Addition by Subtraction - January 19, 2018 Jan 19, 2018
The 2018 Software Outlook--Long and Strong Jan 18, 2018
Comcast: In the Sweet Spot of Tax Reform; Raising Target Price to $52 Jan 18, 2018
The 2018 Software Outlook--Long and Strong Jan 18, 2018
4Q Online Ad Preview: Rising Tide Should Lift Most Boats Jan 17, 2018
AN: Tax Reform Boost On Track; Retention Debate Remains Jan 16, 2018
Verizon (VZ): Tax Reform Giveth, Tax Reform (Inflation) Taketh Away; Downgrading to Neutral, Target $56 Jan 16, 2018
CBS + VIAB: Now More Than Ever! Jan 16, 2018
Software Comp Sheet 01-18-2018 Jan 16, 2018
NVLI Forecast Shows Steady Ship in 1H18 - January 16, 2018 Jan 16, 2018
Does Tax Reform Mean Anything for CenturyLink? - January 16, 2018 Jan 16, 2018
December Retail Sales: Strongest in Over a Decade Jan 12, 2018
U.S. Media: May the FOX Be With You – An Update Jan 12, 2018
ADBE: The Elements of 18-20% LT Digital Media Growth Jan 11, 2018
WMT: Bentonville’s Reinvestment Strategy Taking Shape Jan 11, 2018
Retail 2018 Outlook Slides Jan 11, 2018
CES 2018–Key Takeaways - January 11, 2018 Jan 11, 2018
What, Me Worry? The 2018 Season Kicks Off - January 11, 2018 Jan 11, 2018
SPLK: Mgmt. Transition a Non Event; Business Trends Still Good - January 10, 2018 Jan 10, 2018
TGT: Recapturing the Mojo Jan 9, 2018
NOW: Perhaps the Best Unit Economics in SaaS Jan 9, 2018
U.S. Media & Internet: Why Has the New Tax Law NOT Impacted Stocks? Jan 9, 2018
U.S. Media - Weekly Ratings: 1/1-1/7 Jan 9, 2018
Software Comp Sheet 01-08-2018 Jan 8, 2018
Charter (CHTR): Better Late than Never; Upgrading to Buy with a Post-Tax-Reform Price Target of $436 Jan 8, 2018
WSJ is Off-Base on Tax Reform Impact - January 8, 2018 Jan 8, 2018
Red Hat: It’s Time to Start Believing in Double Digit Infrastructure Growth Slides Jan 5, 2018
U.S. Advertising: What Happens as You Turn the Page? Jan 5, 2018
Red Hat: It’s Time to Start Believing in Double Digit Infrastructure Growth Slides Jan 5, 2018
Splunk Initiation Slides Jan 4, 2018
MN Retail 2018 Outlook: Crunch Time (to Spend the Tax Cuts) Jan 4, 2018
HILI Continues to Build—Highest Reading Since June ‘15 Jan 4, 2018
COST December Sales: A Shovel Full of Share - January 4, 2018 Jan 4, 2018
KMX: Narrowing Used to New Car Spread Hurts; but Tax Reform Bumps EPS Dec 22, 2017
Trumponomics: Lowest U.S. Corp Tax Rates Since the 1930s. Now What? Dec 21, 2017
RHT: Q3 Unwraps Gifts in Both Infrastructure & App Delivery Dec 20, 2017
We Checked the List: BBBY More Naughty Than Nice Dec 20, 2017
Facebook: Is it Time to Get Out? Dec 19, 2017
2017 Holiday Survey: Is Santa a Prime Member? Dec 19, 2017
SPLK: The Wait is Over - Now is the Time to Buy SPLK Dec 18, 2017
Software Comp Sheet 12-18-2017 Dec 18, 2017
2017 Holiday Survey: Is Santa a Prime Member? Dec 17, 2017
Adobe: No Need for Photoshop Here – A Beautiful Print Dec 15, 2017
ORCL: Patience is a Virtue Dec 15, 2017
COST: Learning How To Sell You Stuff Dec 14, 2017
Software M&A Picking Up; Outlook for 2018 Dec 14, 2017
November Retail Sales: Christmas Came Early Dec 14, 2017
U.S. Online Travel: Can HomeAway Catch Airbnb Slides Dec 14, 2017
U.S. Media - What the FOX Just Happened? Starting With The Math - December 14, 2017 Dec 14, 2017
Net Neutrality and the Path Forward Dec 14, 2017
Cost: Survey Says: Keep Scalin’ the AMZN Wall of Worry Dec 13, 2017
Last Mile Battle: TGT Shipts to Offense Dec 13, 2017
INTU: Price Increases, Potential Live Attach Give Us Further Confidence in Consumer Tax Dec 13, 2017
November C3 Ratings – Worse Than We Thought Dec 13, 2017
Profiting From Turmoil Slides 1 Dec 12, 2017
Home Depot to Amazon: Game-On Dec 12, 2017
Snap: Snap Back to Life? Dec 12, 2017
Profiting From Turmoil Slides Dec 11, 2017
What the FOX is Going On? Part II Dec 11, 2017
Software Comp Sheet 12-11-2017 Dec 11, 2017
RHT: Tis the Season to Start Believing in Double Digit Infrastructure Growth Dec 8, 2017
Dollar General Corp: DG Dec 8, 2017
U.S. Online Travel: Can HomeAway Catch Airbnb? Dec 7, 2017
DG 3Q17 Quick Comment Dec 7, 2017
U.S. Telecom and U.S. Cable & Satellite: Tax Reform Winners and Losers Dec 7, 2017
AutoZone 1Q18: Still in the FriendZone Dec 6, 2017
RH 3Q17 Earnings Report: Imagining the Math Dec 6, 2017
U.S. Theaters: Selling Just In Time? Upgrade RGC to Neutral, Maintain CNK Sell Dec 6, 2017
HD: 2017 Analyst Day Quick Comment Dec 6, 2017
HD 2017 Analyst Day Preview Dec 5, 2017
U.S. Media - L.A. Trip Takeaways: From Evolution To Revolution Dec 5, 2017
U.S. Towers: Where To From Here? Searching for Edge Dec 5, 2017
AZO: AutoZone 1Q18 Quick Comment Dec 5, 2017
AMZN Initiation: $1 Trillion? Earth is a Pretty Big Market. Dec 4, 2017
DG Initiation: TREF Intriguing, Entry Point Elusive Dec 4, 2017
AAP Initiation: Revenue Challenge Constrains Risk-Reward Dec 4, 2017
AN Initiation: Retail Turnaround Adds Risk, Reward Dec 4, 2017
Auto Parts & Auto Dealers Initiation: Oversupply or Lack of Demand? Dec 4, 2017
General Merchandise Initiation: Amazon vs Walmart. Battle of the Ages is About Getting Closer to Your Customer. Now. Dec 4, 2017
LL Initiation: After a Visit to the School of Hard Knocks, Can LL Reclaim Hardwood? Dec 4, 2017
SHLD Initiation: Requiem for the American Retailing Dream Dec 4, 2017
DLTR Initiation: Dip into the Dollar Bin for Growth Dec 4, 2017
GPC Initiation: Margin Pressure Tips Risk Reward, Initiate Sell Dec 4, 2017
HD Initiation: Best House on the Block… Expanding the Neighborhood Dec 4, 2017
KR Initiation: Stocking Our Shelves with KR at 13x Dec 4, 2017
LOW Initiation: Perfect is not the Enemy of Good Dec 4, 2017
ORLY Initiation: Cinderella Man Dec 4, 2017
RH Initiation: After Heavenly Guidance is Faith Restored? Dec 4, 2017
WSM Initiation: Setting the Table for Multichannel Growth Dec 4, 2017
BBBY Initiation: A Survivor on the Street, Trouble in the Sheets? Dec 4, 2017
Home Initiation: In Retail, Home is Where the Heart (and Profit) is… Dec 4, 2017
COST Initiation: Membership and Retail Done Right Dec 4, 2017
Retail Revolution: Profiting from Turmoil Dec 4, 2017
WMT Initiation: Not Going Away. With a Vengeance Dec 4, 2017
Software Comp Sheet 12-4-2017 Dec 4, 2017
AZO Initiation: TREF Supported, Comp Constrained Dec 4, 2017
TGT Initiation: The Cost of Relevance Dec 4, 2017
TSCO Initiation: Back to Back Warm Winters – Can Tractor Pull Out of the Mud? Dec 4, 2017
W Initiation: Online Pure-Play in Home Furnishing – With Way-Big Growth Potential Dec 4, 2017
BBY Initiation: Taking the Service Road, But Will They Run Into Traffic? Dec 4, 2017
KMX Initiation: Omnichannel Posterchild Capped by Comp Moderation Dec 4, 2017
SHW Initiation: Paint it Green, Base Case $420 Dec 4, 2017
VMW Investments Yielding Benefits Dec 1, 2017
WDAY: Tactical Challenges, Longer Opportunity Nov 30, 2017
Verizon… and the Paradox of 5G - November 30, 2017 Nov 30, 2017
U.S. Commercial Wireline: A Glimmer of Hope? Nov 30, 2017
The Four Player Wireless Market Slides Nov 29, 2017
RGC – Well Played, Madam? Nov 29, 2017
Cloudflare -Disrupting the Edge of the Internet Nov 28, 2017
CenturyLink: Is It Time for an Upgrade? Nov 28, 2017
U.S. Telecom: The Four Player Wireless Market; Upgrading T-Mobile to Buy, Price Target $73 Nov 27, 2017
Software Comp Sheet 11-27-2017 Nov 27, 2017
CRM: The Proof is in the Pudding Nov 22, 2017
INTU: Another Solid Q1 Print, Another Conservative Guide Nov 21, 2017
AT&T and Time Warner: Vertically Challenged, Redux Nov 21, 2017
U.S. Media - Weekly Ratings: 11/13-11/19 Nov 21, 2017
What the FOX is Going On? Nov 20, 2017
Software Forum Takeaways Nov 20, 2017
ORCL: Cloud Consensus-- “It Ain’t Cool Being No Jive Turkey So Close to Thanksgiving” Nov 20, 2017
Software Comp Sheet 11-20-2017 Nov 20, 2017
VIAB: Same Story, Different Ending? Nov 17, 2017
CTXS: More Steak than Sizzle with This Buyback - November 17, 2017 Nov 17, 2017
Q3 2017 Cord-Cutting Monitor: Of Black Clouds and Silver Linings Nov 16, 2017
CRM: The Potentially Significant GOOG Deal and Thoughts on CRM’s Technology Partners Nov 15, 2017
U.S. Broadband: A Few Gray Hairs Slides Nov 15, 2017
Monthly C3 Ratings - Not Good! - November 15, 2017 Nov 15, 2017
U.S. Internet: Red Flag Nov 14, 2017
Software Comp Sheet 11-13-2017 Nov 13, 2017
U.S. Online Travel: Phocuswright 2017 Takeaways – “In God We Trust; All Others Bring Data” Nov 13, 2017
U.S. Media: About Sitting This Quarter Out… Nov 13, 2017
DIS: Turn The Page Nov 10, 2017
Altice USA: Guilt by Association? Upgrading to Buy, Target Price Unchanged at $28 Nov 10, 2017
FOXA: Hello Halo? Nov 9, 2017
Dish Q3 2017 Earnings: What Went Wrong? Nov 9, 2017
Snap 3Q17 Earnings: What A Spectacle! Nov 8, 2017
CenturyLink/ Level 3Q3 2017 Earnings: Now Comes the Hard Part Nov 8, 2017
CRM: Keeps on Growing....with Leverage! Nov 8, 2017
Cable One Q3 2017 Earnings: Canary in a Coal Mine Nov 8, 2017
U.S. Broadband: A Few Gray Hairs, or Something More Serious? Nov 7, 2017
Charter Meeting Notes Nov 7, 2017
TripAdvisor 3Q17 Earnings: Slow Motion Train Wreck Nov 7, 2017
PCLN 3Q17 Earnings: When They Zig, Priceline Zags Nov 7, 2017
DIS & FOXA: Initial Big Questions & Thoughts - November 7, 2017 Nov 7, 2017
U.S. Media - Weekly Ratings: 10/30-11/5 Nov 7, 2017
MSFT: Selling Facebook and Buying Servers Nov 6, 2017
Expedia: It’s Always Darkest Before the Dawn, Part Deux Nov 6, 2017
Zayo Q1 F2018 Earnings: Stuck in Neutral? Nov 6, 2017
CNK: Time To Stay Aggressive Nov 3, 2017
Software Comp Sheet 11-3-2017 Nov 3, 2017
CBS: Still Looking for Conviction Nov 3, 2017
DATA: A Step Back in the Model Transition Nov 3, 2017
Facebook 3Q17 Earnings: Security Detail Nov 2, 2017
Disruptive Technology Summit Agenda Nov 2, 2017
AMCX: All About Timing Nov 2, 2017
CRM: Dreaming of Sustainable Growth…..and Margins Nov 2, 2017
Cogent Q3 2017 Earnings: Do the Results Justify the Revaluation? Nov 2, 2017
DISCA: Don’t Do It Nov 2, 2017
Altice USA Q3 2017 Earnings: Can Altice Have Its Cake and Eat It, Too? Nov 2, 2017
SYMC: A Lot of Moving Parts with a High Bar on Enterprise and Margins Nov 2, 2017
DATA: Strong Demand Supports Very Favorable Q3/Q4 Set Up Oct 31, 2017
American Tower Q3 Earnings: Apocalypse Now, Redux Oct 31, 2017
U.S. Media - Weekly Ratings: Still Dead Oct 31, 2017
ORCL Multiple Ways to Win Slides Oct 30, 2017
SBA Q3 2017 Earnings: Apocalypse Now (or Soon, or Later, or Never) Oct 30, 2017
Alphabet 3Q17 Earnings: What Regulatory Concerns? Oct 27, 2017
Software Comp Sheet 10-27-2017 Oct 27, 2017
MSFT: Lots of Treats and Almost no Tricks in Q1 Oct 27, 2017
Expedia 3Q17 Earnings: Under the Weather Oct 27, 2017
NOW: Fed Paces Q3, Q4 Leaves Room for Upside Oct 26, 2017
Twitter 3Q17 Earnings: The Bleeding Has Stopped Oct 26, 2017
TWX: Another Last Goodbye(?)& Read Through to Media Oct 26, 2017
Comcast Q3 2017 Earnings: Is the Market Able to Hear Good News? Oct 26, 2017
Charter Q3 2017 Earnings: Same Picture, Different Lens Oct 26, 2017
RGC: What Is The Right Valuation For This Business? Oct 25, 2017
ADBE: New Details Add Conservatism to Raised Numbers Oct 25, 2017
Sprint Q3 2017 Earnings: What’s the Right Price If the Deal Doesn’t Happen? Oct 25, 2017
Trivago 3Q17 Earnings: Still a Mess? Trivago - October 25, 2017 Oct 25, 2017
ORCL: Multiple Ways to Win with Maintenance Strength and Cloud Valuation Oct 24, 2017
U.S. Internet: How The Other 96% Live? Oct 24, 2017
AT&T Q3 2017 Earnings: Can TWX Fix What Is Broken? Oct 24, 2017
U.S. Media - Weekly Ratings: Crawling Dead Oct 24, 2017
VIAB: Good News, Bad News Oct 23, 2017
T-Mobile Q3 2017 Earnings: The Merger’s Pre-Paid Problem Oct 23, 2017
Anaplan Is Redefining Planning and Management Oct 20, 2017
Software Comp Sheet 10-19-17 Oct 20, 2017
3Q OTA Preview: Category 5 Hurricane Hits Metasearch Oct 19, 2017
Verizon Q3 2017 Earnings: Would a Sprint/T-Mobile Merger Really Be a Positive Catalyst? Oct 19, 2017
Adobe Lays Down a Straight Flush in Vegas Oct 19, 2017
Software M&A Slides Oct 19, 2017
Crown Castle Q3 2017 Earnings: The Moment of Truth Arrives (Sort Of…) Oct 18, 2017
Software M&A Is Poised to Accelerate Oct 17, 2017
Altice USA: Do You Believe in Magic? Slides Oct 17, 2017
NFLX: The Price You Pay Oct 17, 2017
U.S. Media - Weekly Ratings: 10/9-10/15 Oct 17, 2017
U.S. Cable & Satellite: So Much Has Changed… So Little Has Changed Oct 16, 2017
U.S. Media: 3Q Preview: You Can Sit This One Out Oct 16, 2017
Sprint and T-Mobile: Do You Feel Lucky? Oct 12, 2017
3Q Online Ad Preview: Clouds on the Horizon? Oct 12, 2017
INTU: ARPU Details Give Us Comfort in the Numbers Oct 11, 2017
MSFT: An Early Halloween Treat? Oct 10, 2017
Altice USA (ATUS): Do You Believe in Magic? Initiating Coverage with a Neutral Rating, Target Price $28 Oct 10, 2017
U.S. Media - Weekly Ratings: 10/2-10/8 Oct 10, 2017
Inaugural Software Forum Agenda Oct 9, 2017
DISCA & SNI: One + One = More Problems Oct 9, 2017
ORCL: The View From Oracle Customers and Partners Oct 6, 2017
U.S. Theaters: Now What? Oct 3, 2017
CenturyLink and Level 3: The Hammer of Justice Comes Down (Is It Steel or Foam?) - October 3, 2017 Oct 3, 2017
Salesforce (CRM) The Case for Better Margin Expansion Oct 2, 2017
U.S. Media: No Darkness on the Edge of Altice - October 2, 2017 Oct 2, 2017
Media & Internet Marketing Deck Oct 1, 2017
U.S. Online Travel: 2017 Skift Global Forum Takeaways – “The Newly Wed, the Overfed, and the Nearly Dead” Sep 29, 2017
DIS: Will the Studio Save 2018? Sep 28, 2017
U.S. Media: More Content Getting Pulled From Netflix - September 28, 2017 Sep 28, 2017
Zayo: What Are the Odds? Increasing Target Price to $39 Sep 27, 2017
Dish Network (DISH): How Low Can DISH Go? Lowering Target Price to $37; Maintain Sell Rating Sep 26, 2017
RHT: A Strong Q2 Underscores our Positive Thesis Sep 26, 2017
Expedia: It’s Always Darkest Before the Dawn Sep 26, 2017
U.S. Media - Weekly Ratings: 9/18-9/24 Sep 26, 2017
FOXA: Running Out Of Excuses? Sep 25, 2017
Netflix: What Happens When the Frenemy is the Enemy Slides Sep 25, 2017
What Is Happening with Symantec and Splunk? Sep 22, 2017
MSFT - Dividend, AWS, Windows and Xbox Updates Sep 22, 2017
U.S. Internet: Alphabet Signs $1.1bn Deal with HTC to Fend Off TAC/Regulatory Headwinds - September 21, 2017 Sep 21, 2017
ADBE: More Complex Q Than Usual, Long Term Trends Still Intact Sep 20, 2017
American Tower Meeting Notes Sep 20, 2017
Alphabet: Will the EU’s Antitrust Probe Kill the Stock? Sep 19, 2017
U.S. Media - Weekly Ratings: 9/11-9/17 Sep 19, 2017
Slack is Blazing New Frontiers Sep 18, 2017
NFLX: What Happens When the Frenemy is the Enemy? Sep 18, 2017
US Wireless: Are This Year’s iPhone Offers Really More Sensible than Last Year’s? - September 18, 2017 Sep 18, 2017
State of the Industry: U.S. Software Prospect Call Sep 15, 2017
ORCL F1Q18: Further Acceleration Highlights Solid Q1 Sep 15, 2017
Crown Castle Meeting Notes Sep 15, 2017
Software Replay Link Sep 14, 2017
NFL Week 1 Ratings - Tough Start - September 14, 2017 Sep 14, 2017
State of the Industry: U.S. Software Sep 12, 2017
Comcast (CMCSA): Don’t Look a Gift Horse in the Mouth…Upgrading (Back) to Buy Sep 12, 2017
State of the Industry: U.S. Software Sep 11, 2017
Monthly C3 Ratings - Hotter Than July - September 11, 2017 Sep 11, 2017
DIS: The Good, The Bad and The Cheap Sep 7, 2017
U.S. Telecom: Is This as Good as It Gets? Sep 7, 2017
U.S. Commercial Wireline: Still Struggling to Make Sense of the Market - September 7, 2017 Sep 7, 2017
DATA: We are Bullish on the Transition, but Success is Largely Priced In; Initiate at Neutral Sep 6, 2017
MSFT: A Compelling Story, But Expectations are High; Initiate Coverage with a Neutral Sep 6, 2017
VMW: Positive Positioning Largely Reflected in Valuation; Initiate Coverage at Neutral Sep 6, 2017
U.S. Media: Are You Ready For Some Football? Sep 6, 2017
ADBE: Stronger for Longer: Initiate at Buy Sep 6, 2017
CRM: Crossing the Chasm to Growth AND Margins; Initiate Coverage at Buy Sep 6, 2017
SYMC: Limited Long Term EPS Growth Caps Multiple Upside; Initiate Coverage with a Neutral Sep 6, 2017
ORCL: Top and Bottom Line Growth Set to Accelerate; Initiate Coverage with a Buy Sep 6, 2017
NOW: A Ferrari at Old Used Car Prices; Initiate Coverage at Buy Sep 6, 2017
RHT: Becoming a new Standard for Next Gen Cloud App Delivery; Initiate Coverage with a Buy Sep 6, 2017
WDAY: Awesome Top Line – Still Waiting for FCF; Neutral Sep 6, 2017
INTU: A Balancing Act: Initiating Coverage at a Neutral Sep 6, 2017
Online Travel: Trivago’s 2017 Guide Down the Big Bad Wolf for Travel? September 6, 2017 Sep 6, 2017
U.S. Media - Weekly Ratings: 8/28-9/3 Sep 6, 2017
CenturyLink: The Yield vs. The Multiple Sep 5, 2017
U.S. Media - Weekly Ratings: 8/21-8/27 Aug 29, 2017
U.S. Towers: Bulls on Parade – Are They Still Buys? Aug 24, 2017
U.S. Advertising: We’re Surprised That They’re Surprised Aug 24, 2017
Sprint and T-Mobile: The Humpty Dance… Our Pro Forma Merger Model Aug 22, 2017
U.S. Media - Weekly Ratings: 8/14-8/20 Aug 22, 2017
Zayo Q4 F2017 Earnings: Checking in on the Business, Not M&A Odds Aug 21, 2017
Is the Disney OTT Idea a Hail Mary or a Sure Thing? Aug 21, 2017
U.S. Media: Plan B Comes Into Focus Aug 15, 2017
Monthly C3 Ratings - (No) Answer July - August 15, 2017 Aug 15, 2017
Will Uber and Lyft Be the Next FANG Trade? Aug 14, 2017
U.S. Cable Networks: Why Are We Worried? (2Q 2017) Aug 11, 2017
Snap 2Q17 Earnings: Hubris Aug 11, 2017
FOXA: The Rodney Dangerfield of Media Aug 10, 2017
U.S. Cable, Satellite & Telecom: M&A by Process of Elimination - August 10, 2017 Aug 10, 2017
Priceline 2Q17 Earnings: Air Pocket Ahead? Aug 9, 2017
DIS: The Inflection Point Aug 9, 2017
TripAdvisor 2Q17 Earnings: Still Grasping in the Dark Aug 9, 2017
Cable One Q2 2017 Earnings: How Low Can Costs Go? Aug 8, 2017
CBS: Beyond Advertising Aug 8, 2017
U.S. Media – Weekly Ratings: 7/31-8/6 Aug 8, 2017
CNK: Staying Focused, But At What Multiple? Aug 4, 2017
AMCX: Trouble Ahead? Aug 3, 2017
VIAB: One Step Forward, … Aug 3, 2017
Q2 2017 Cord-Cutting Monitor: Is “Not as Worse” Even a Thing? Aug 3, 2017
Cogent Q2 2017 Earnings: In Search of Consistency Aug 3, 2017
Dish Network Q2 2017 Earnings: Forget the Equity… It’s Dish’s Debt We Should be Worried About Aug 3, 2017
CenturyLink Q2 2017 Earnings: Staggering to the Finish Line Aug 2, 2017
Level 3 Q2 2017 Earnings: The End of an Era. Or is it Eras? Aug 2, 2017
2017-08-01 Verizon Meeting Notes Aug 2, 2017
TWX: Media’s Touchstone…One Last Time Aug 2, 2017
Sprint Q2 2017 Earnings: Here’s My Number, So Call Me Maybe Aug 1, 2017
U.S. Theaters: Negative Read-Throughs From AMC Preannouncement to RGC & CNK - August 1, 2017 Aug 1, 2017
U.S. Media-Weekly Ratings: 7/24-7/30 Aug 1, 2017
DISCA/SNI: Well Played, Sir Jul 31, 2017
SBA Q2 2017 Earnings: KISS Jul 31, 2017
Expedia 2Q17 Earnings: Clawing its Way Back Jul 28, 2017
Charter Q2 2017 Earnings: Is Charter Still a Growth Story, or Is It Now a Margin Story? Jul 27, 2017
Verizon Q2 2017 Earnings: Chess versus Checkers Jul 27, 2017
Twitter 2Q17 Earnings: Fool Me Twice Jul 27, 2017
RGC: Back to Fundamentals (For Now) Jul 27, 2017
Comcast Q2 2017 Earnings: Billionaire Matchmaker Jul 27, 2017
American Tower Q2 2017 Earnings: Nothing in Life is So Exhilarating as to be Shot at Without Result Jul 27, 2017
Facebook 2Q17 Earnings: Pricing Power-house Jul 26, 2017
GOOGL 2Q17 Earnings: Pump Up the Volume! Jul 25, 2017
2Q OTA Preview: Have All Travel Clouds Been Lifted? Jul 25, 2017
AT&T Q2 2017 Earnings: Is Pay TV a Better Business than Wireless? Jul 25, 2017
Cable Networks M&A: Can VIAB Afford SNI and Other Questions - July 25, 2017 Jul 25, 2017
U.S. Media: Do Three Negatives Outweigh One Positive? Jul 24, 2017
2Q Online Ad Preview: Up and to the Right for All? Jul 20, 2017
Crown Castle Q2 2017 Earnings: Seeing the Light? We Don’t. Crown Castle Buys Lightower Jul 19, 2017
T-Mobile Q2 2017 Earnings: “Sorry, Sprint” Jul 19, 2017
SNI & DISCA: Why Now, Redux? - July 18, 2017 Jul 19, 2017
NFLX: Gunning It & Loving It Jul 18, 2017
SNAP: Look Out Below! Why SNAP Still Has Room to Fall Jul 18, 2017
U.S. Media-Weekly Ratings: 7/10-7/16 Jul 18, 2017
Sprint and SoftBank: The Long Search for an Exit - July 17, 2017 Jul 17, 2017
U.S. Theaters: What We’re Hearing Post-Downgrade Jul 13, 2017
U.S. Media-Weekly Ratings: 7/3-7/9 Jul 11, 2017
ESPN At The Crossroads Jul 10, 2017
U.S. Internet: From Cat Videos to the NFL – Are We At the Tipping Point for Online Video? Jun 28, 2017
Cable Downgrade Slides Jun 27, 2017
U.S. Media – Weekly Ratings: 6/19-6/25 Jun 27, 2017
Skinny Bundles: Why the “Losers” Should Unite Jun 22, 2017
U.S. Cable: Will the Broadband Burden be Too Heavy to Bear? Downgrading Sector and Comcast to Neutral Jun 20, 2017
U.S. Media – Weekly Ratings: 6/12-6/18 Jun 20, 2017
TV Isn’t Dead and Two Other Themes from Our First Annual NYC Advertising Day Jun 19, 2017
U.S. Communications Infrastructure, Telecom, & Cable: Commercial Wireline… The Case of the Missing Revenue Jun 16, 2017
Meeting with Ligado Networks Notes Jun 15, 2017
Theater Downgrade Slides Jun 15, 2017
Spectrum Conf Call Slides Jun 13, 2017
Sprint: Free Bananas! - June 13, 2017 Jun 13, 2017
Monthly C3 Ratings – April Showers Bring… a May Downpour? - June 13, 2017 Jun 13, 2017
U.S. Theaters: Dual Threats Too Hard To Ignore; Downgrade CNK & RGC to Sell Jun 12, 2017
TripAdvisor: The Road to Nowhere Jun 12, 2017
Spectrum (Part II): The Paradox of Value Jun 8, 2017
U.S. Advertising: Are We Entering An Ad Recession? Jun 7, 2017
U.S. Media – Weekly Ratings: 5/29-6/4 Jun 6, 2017
Twitter: Stop the Insanity! Six More Things We Believe Jun 1, 2017
U.S. Media: Are TV Studios Still Good Businesses? May 31, 2017
U.S. Media – Weekly Ratings: 5/22-5/28 May 31, 2017
U.S. Telecom: It’s Always Darkest… in the Middle of the Night? Upgrading AT&T, and Sector, from Sell to Neutral May 30, 2017
State of the Industry 2017 May 25, 2017
Meeting notes from 2017 Wireless Infrastructure Show May 24, 2017
Online Travel: Is the Party Almost Over? May 23, 2017
U.S. Media – Weekly Ratings: 5/15-5/21 May 23, 2017
The Path Forward for Title II Repeal Takes an Unexpected Turn… through Google and Facebook’s Front Yard - May 22, 2017 May 22, 2017
The Small Cell Report (Part II): The Infrastructure of 5G May 15, 2017
U.S. Media: The Boys of Summer? May 15, 2017
FOXA F3Q Review: Why We Are Not Worried May 11, 2017
Snap 1Q17 Review: Have You No Shame? May 11, 2017
A Blog Post in Search of a Title (Should it Be Title II, or Title I)? - May 11, 2017 May 11, 2017
TripAdvisor 1Q17 Review: Every Stock Has Its Day May 10, 2017
Priceline 1Q17 Review: Beginning Our Initial Descent? May 10, 2017
DISNEY F2Q17 Earnings: One More Peak to Climb May 10, 2017
GOOGL: Is Google’s Int’l TAM Bigger than You Think? May 9, 2017
Zayo Q3 F2017 Earnings: Shaken, Not Stirred May 9, 2017
Dish Network: How Much Would It Cost to Build a Network? May 9, 2017
DISCOVERY 1Q17 Earnings: The Balancing Act May 9, 2017
U.S. Media – Weekly Ratings: 5/1-5/7 May 9, 2017
Why the Sudden Infatuation with Straight Path? - May 8, 2017 May 8, 2017
Comcast and Charter Tie the Wireless Knot… and Agree to a No Adultery Clause - May 8, 2017 May 8, 2017
U.S. Cable Networks: Why Are We Worried? (Part 2) May 5, 2017
CBS: Les(s) Worries May 5, 2017
Facebook 1Q17 Earnings: Go Big or Go Home May 4, 2017
Cogent Q1 2017 Earnings: Everything Has a Price (and Apparently This Isn’t It…) May 4, 2017
Cable One (CABO): The Complex Calculus of P x Q May 4, 2017
Q1 2017 Cord-Cutting Monitor: The Future Has Arrived May 3, 2017
TWX: We Will Miss This Company May 3, 2017
CenturyLink Q1 2017 Earnings: The Near-Term and The Long-Term May 3, 2017
Level 3 Q1 2017 Earnings: Nine Month Checkup May 3, 2017
Sprint CQ1 2017 Earnings: What Would Happen if there ISN’T a Deal? May 3, 2017
CNK: A Safe Place to Hide? May 3, 2017
Charter Q1 2017 Earnings: Only Good Businesses Have High Expectations May 2, 2017
U.S. Media – Weekly Ratings: 4/24-4/30 May 2, 2017
U.S. Cable Networks: Why Are We Worried? May 1, 2017
SBA Q1 2017 Earnings: Details Could Eventually Matter May 1, 2017
Dish Network Q1 2017 Earnings: Winning by Losing May 1, 2017
FOXA – Tribune: A New Twist in Station Models? - May 1, 2017 May 1, 2017
GOOGL Q1 2017 Earnings: Do You See What We See? Apr 28, 2017
Expedia 1Q17: Easter Proves Bigger Issue than Trump Apr 28, 2017
5G Fixed Wireless Broadband: Notes from a Day with Starry Apr 28, 2017
TWTR 1Q17 Review: The Numbers Don’t Lie Apr 27, 2017
RGC: Dragged Kicking & Screaming Apr 27, 2017
American Tower Q1 2017 Earnings: Welcome Back, Old Friend (Not That You Ever Left) Apr 27, 2017
Comcast Q1 2017 Earnings: Dear John… Apr 27, 2017
1Q OTA Preview: Off to the Races or Trump Slump? Apr 25, 2017
AT&T Q1 2017 Earnings: Vertical Integration in the Land of Unlimited Apr 25, 2017
U.S. Media – Weekly Ratings: 4/17-4/23 Apr 25, 2017
F8 Takeaways – So Facebook Is… a Camera Company? Apr 24, 2017
T-Mobile Q1 2017 Earnings: The Purple People Eater… and Still the Belle of the M&A Ball Apr 24, 2017
Crown Castle Q1 2017 Earnings: Fiber Rorschach Test Apr 24, 2017
Verizon: A Sobriety Test - April 24, 2017 Apr 24, 2017
Verizon Q1 2017 Earnings: To Deal or Not to Deal, That is the Question Apr 20, 2017
U.S. Wireless Q1 Preview: Have Estimates Come Down Far Enough? Apr 18, 2017
Zayo: A Note of Caution… Reiterate Neutral, Lower TP to $34 Apr 18, 2017
NFLX: No Controversy is the Controversy Apr 18, 2017
U.S. Media – Weekly Ratings: 4/10-4/16 Apr 18, 2017
The Incentive Auction: The Morning After… Winners and Losers Apr 17, 2017
Agenda Summit 2017 Apr 17, 2017
1Q Online Ad Preview: “It's Just Winners and Losers and Don't Get Caught on the Wrong Side of That Line” Apr 17, 2017
U.S. Cable and U.S. Telecom: Could Unlimited Wireless Plans Pose a Threat to Wired Broadband? Apr 12, 2017
U.S. Media: Why Is This Quarter Different From Others? Apr 11, 2017
U.S. Media – Weekly Ratings: 4/3-4/9 Apr 11, 2017
GOOGL: Is There A Silver Linings Playbook Here? Apr 10, 2017
AT&T: The Long and Winding Road… to Straight Path - April 10, 2017 Apr 10, 2017
Dish Network (DISH): Where You Finish Depends on Where You Start Apr 6, 2017
Film Studios: Don’t Just Stand There, Do Something! Apr 5, 2017
U.S. Media – Amazon Goes Shopping - April 5, 2017 Apr 5, 2017
U.S. Towers: Rally? What Rally? Assessing Their Outlooks, and Refreshing Our Targets Apr 4, 2017
U.S. Media – Weekly Ratings: 3/27-4/2 Apr 4, 2017
PCLN: Cruising Altitude Reached? Downgrade to Neutral Apr 3, 2017
Internet Infrastructure Marketing Deck Apr 1, 2017
Towers Marketing Deck Apr 1, 2017
U.S. Theaters – CinemaCon 2017 Takeaways: The Year of PVOD - March 31, 2017 Mar 31, 2017
VIAB: Paramount – Mission Impossible to Transform? Mar 30, 2017
SNAP: A Middle School Crush? Mar 29, 2017
RE:TELL Focus Group Presentation Mar 28, 2017
U.S. Media – Weekly Ratings: 3/20-3/26 Mar 28, 2017
Google Fiber: What Is, What Was, and What Might Have Been - March 27, 2017 Mar 27, 2017
U.S. Advertising: Is Digital Advertising at a Crossroads? Mar 23, 2017
U.S. Towers: The More Things Change, the More They Stay the Same - March 23, 2017 Mar 23, 2017
Wireless Capacity: Shades of 1999? - March 23, 2017 Mar 23, 2017
Spectrum (Part I): Meeting the Capacity Challenge Mar 22, 2017
U.S. Media – Weekly Ratings: 3/13-3/19 Mar 21, 2017
Cogent: Move Along, Nothing to See Here (Or Is There?) Mar 20, 2017
SNAP: Snap, Crackle, and… Pop? Initiating with a Sell Mar 16, 2017
Cable One (CABO): Mind Your P’s and Q’s – Our Pro Forma New Wave Model… Pro Forma Price Target $560 Mar 15, 2017
Monthly C3 Ratings – Winter Is Here - March 15, 2017 Mar 15, 2017
DIS: Better Good than Lucky? Mar 13, 2017
Is Online Travel Still A Growth Market? Mar 8, 2017
U.S. Media – Weekly Ratings: 2/27-3/5 Mar 7, 2017
U.S. Media: Why Are We Bearish on Pure-Play Cable Net Stocks? Mar 6, 2017
U.S. Wireless: Capacity Wars Mar 6, 2017
Initiating Coverage of CenturyLink Slides Mar 3, 2017
Pay TV Cord-Cutting Monitor: Time to Put Up or Shut Up Mar 1, 2017
U.S. Media – Weekly Ratings: 2/20-2/26 Mar 1, 2017
Cable One Q4 2016 Earnings: The Future is Now Feb 28, 2017
99 Problems But the Deal Ain’t One… Initiating Coverage of CenturyLink Feb 28, 2017
PCLN 4Q16 Review: Back to the Glory Days? Feb 28, 2017
Snap, Inc.: Field of Dreams? Slides Feb 28, 2017
American Tower Q4 2016 Earnings: The End is Nigh (Just Not in 2017) Feb 27, 2017
SBA Q4 2016 Earnings: Mind the (Valuation) Gap Feb 27, 2017
AMCX: Don’t Fear The Walking Dead Feb 24, 2017
Cogent Q4 2016 Earnings: Discounting the Long-Term? Feb 23, 2017
NFLX: What Two Things Does Every Growth Stock Need? Feb 23, 2017
CNK: A Tough Act to Follow Feb 23, 2017
Dish Network Q4 2016 Earnings: Leverage Games Feb 22, 2017
SNI: How Long Can This Last? Feb 22, 2017
Charter (CHTR): Finally Fairly Valued… Downgrading to Neutral, Price Target $337 Feb 22, 2017
U.S. Media – Weekly Ratings: 2/13-2/19 Feb 22, 2017
AT&T and Verizon: Has the Pendulum Swung Too Far? Upgrading Verizon to Buy, Target Price $54 Feb 21, 2017
Snap, Inc.: Field of Dreams? Feb 21, 2017
Charter Q4 2016 Earnings: When Will Investors Declare Victory and Walk Away? Feb 16, 2017
CBS: 2017 Comes Into Clearer Focus Feb 16, 2017
DISCA: Is It Cheap or Expensive? Pick the Metric Feb 15, 2017
TRIP 4Q16 Review: Slow and Steady Wins the Race? Feb 15, 2017
DISCA: 4Q 2016 Earnings Flash Feb 14, 2017
T-Mobile Q4 2016 Earnings: What Do You Have to Believe? Feb 14, 2017
Monthly C3 Ratings – Is the NPX Compare the Beginning of Another Negative Earnings Wave? - February 14, 2017 Feb 14, 2017
U.S. Media – Weekly Ratings: 2/7-2/12 Feb 14, 2017
Verizon Goes Nuclear - February 13, 2017 Feb 13, 2017
EXPE 4Q16 Review: Topline Relief, Bottom Line Sobriety Feb 10, 2017
RGC: Balancing Act Feb 10, 2017
VIAB: Looks Good on Paper Feb 9, 2017
TWTR 4Q Review: “Trump Bump” Thumped by Revenue Slump Feb 9, 2017
Zayo Q2 F2017 Earnings: Looking Beyond the Quarter Feb 9, 2017
Level 3 Q4 2016 Earnings: A Phoenix, A Turkey, or Too Soon to Tell? Feb 8, 2017
TWX: 4Q16 Earnings Flash Feb 8, 2017
TWX: Downside Protection Feb 8, 2017
Snap, Inc.: Is it Facebook, Instagram, or Twitter? Feb 7, 2017
2017-02-07 An M&A Playbook Slides Feb 7, 2017
FOXA: Off Again, On Again Feb 7, 2017
DIS: Beauty and the Beast of Compares Feb 7, 2017
U.S. Media – Weekly Ratings: 1/30-2/5 Feb 7, 2017
NFL Season Recap – It’s All Over But the Crying… Feb 3, 2017
CBS: A Smarter Way to Dispose of an Issue Feb 2, 2017
FB 4Q16 Review: Have We Seen This Before? Feb 2, 2017
U.S. Media: Headwinds & Taxes; Upgrading FOXA to Buy & Downgrading TWX to Neutral Feb 1, 2017
Verizon (VZ): Takeaways from a Day with Management Feb 1, 2017
Sprint CQ4 ‘16 Earnings: When is the Right Time to Deal? Jan 31, 2017
CBS: The Three R’s – Radio, Retrans & … Revisions Jan 31, 2017
U.S. Media – Weekly Ratings: 1/23-1/29 Jan 31, 2017
OTA Preview: Will FX and Investment Steal the Show? Jan 30, 2017
GOOGL 4Q16 Review: Internet Growth at Media Prices Jan 27, 2017
Comcast Q4 2016 Earnings: The Curious Attraction of an Unattractive Wireless Market Jan 26, 2017
Telecom Pangaea: Why We’re Skeptics on Verizon for Charter - January 26, 2017 Jan 26, 2017
Crown Castle Q4 2016 Earnings: Evolution or Revolution? Jan 25, 2017
AT&T Q4 2016 Earnings: Remember When Wireless Was their Best Business? Jan 25, 2017
U.S. Media – Weekly Ratings: 1/16-1/22 Jan 25, 2017
Verizon Q4 2016 Earnings: Does Verizon Need a Story? Jan 24, 2017
NATPE 2017 Takeaways: “We Live in Interesting Times” Jan 24, 2017
4Q16 Online Advertising Preview: The Only Thing to Fear is … Tougher Comps? Jan 23, 2017
AT&T Pre-Announces Subscriber Metrics: Do Numbers Even Matter? - January 20, 2017 Jan 20, 2017
NFLX: When Will They Make Money, Does Anyone Care? Jan 19, 2017
Cable One: Man Bites Dog (or Harambe Shoots the Zookeeper) - January 18, 2017 Jan 18, 2017
Wireless Industry T-Mobile Downgrade Slides Jan 17, 2017
It’s Time to Re-Think What You Think You Thought You Knew About Spectrum - January 17, 2017 Jan 17, 2017
U.S. Theaters: Do Tax Changes Trump Fundamentals? Jan 13, 2017
U.S. Comm Infra: Pre-Earnings Housekeeping… Refresh Tower and Fiber Models, Lower Zayo TP to $35 Jan 12, 2017
Five Reasons Why Twitter Is a “Sell” for 2017 Jan 12, 2017
U.S. Media - Weekly Ratings:1/2-1/8 Jan 11, 2017
U.S. Wireless: Optimism vs. Pragmatism… Downgrading TMUS to Neutral; Maintain Sector Underweight Jan 10, 2017
DIS: Beauty Is In the Eye of the Beholder Jan 5, 2017
Cable One (CABO): Irrational Exuberance? Downgrading to Sell; Target Price Unchanged at $408. Jan 4, 2017
Sports Summit Takeaways: Is The Glue Still Sticky? Dec 21, 2016
U.S. Media: 2016 Review and 2017 Outlook - December 21, 2016 Dec 21, 2016
TRIP: Has TripAdvisor Hit Rock Bottom? Dec 20, 2016
Online Travel: 2016 Review and 2017 Outlook - December 20, 2016 Dec 20, 2016
U.S. Internet: A Year in Review, and Year in Preview - December 20, 2016 Dec 20, 2016
U.S. Media – Weekly Ratings: 12/12-12/18 Dec 20, 2016
U.S. Advertising: The Digital Duopoly Rolls On Dec 19, 2016
Communications Infrastructure: 2016 Review and 2017 Outlook - December 15, 2016 Dec 15, 2016
U.S. Cable & Satellite: A Year in Review, and a Year in Preview - December 15, 2016 Dec 15, 2016
U.S. Telecommunications: A Year in Review, and a Year in Preview - December 15, 2016 Dec 15, 2016
U.S. Media – Weekly Ratings: 12/5-12/11 Dec 13, 2016
FOXA: Why Now? Sky Now?; Downgrade to Neutral Dec 12, 2016
U.S. Towers: Macroeconomic Melancholia Dec 9, 2016
Sprint and T-Mobile: Time for a Little Cold Water?-December 8, 2016 Dec 8, 2016
Digital Duplicity: Could Fake News Hurt Asset Value? Dec 7, 2016
AMCX: Breaking Badly; Downgrade to Sell Dec 7, 2016
U.S. Media – Weekly Ratings: 11/28-12/4 Dec 7, 2016
AT&T and DirecTV Now: When Old and New Collide Dec 5, 2016
L.A. Trip Takeaways: Can the Genie Be Put Back in the Bottle? Dec 5, 2016
Zayo: Has Sentiment Swung Too Far? Downgrading to Neutral, Raising TP to $36 Dec 2, 2016
U.S. Cable & Satellite: Revisiting the Broadband Pricing Response to OTT Video… a Proprietary Survey Dec 1, 2016
U.S. Media – Weekly Ratings: 11/21-11/27 Dec 1, 2016
2016-11-21 Meeting with InterDigital Nov 30, 2016
AT&T and DirecTV Now: Did AT&T Really Blink? Running with Scissors (Part II) - November 29, 2016 Nov 29, 2016
U.S. Cable Network Universe Estimates: Red Herrings and Other Valuable Misinformation - November 29, 2016 Nov 29, 2016
Sports Media Summit Agenda Nov 28, 2016
U.S. Affiliate Fees – How Do You Calculate Passion? Nov 28, 2016
Phocuswright 2016: The OTAs Remain “One of the Best Bargains Out There” Nov 22, 2016
Level 3: Downgrade to Neutral Based on Narrowing Deal Spread, Increase TP to$59 Nov 22, 2016
U.S. Media – Weekly Ratings: 11/14-11/20 Nov 22, 2016
AT&T & Time Warner: Suddenly, Everything Has Changed Slides Nov 21, 2016
Sports Media Summit Agenda Nov 18, 2016
AT&T & Time Warner: Suddenly, Everything Has Changed… EVERYTHING. Upgrading TWX (Back) to Buy Nov 17, 2016
U.S. Towers: Churn Down for What Slides Nov 16, 2016
Q3 2016 Wireless Industry Wrap Up: What AT&T Saw Nov 15, 2016
Monthly C3 Ratings – A Presidential Hangover or Recovery? - November 15, 2016 Nov 15, 2016
U.S. Media – Weekly Ratings: 11/7-11/13 Nov 15, 2016
3Q16 OTA Recap: Priceline Pulling Away From the Pack Nov 14, 2016
U.S. Media: Fear and Loathing? Nov 14, 2016
U.S. Towers: Churn Down for What? Dimensioning TMUS/S Consolidation Risk and What’s in the Stocks Nov 14, 2016
DIS: Guide This Way Nov 11, 2016
U.S. Cable: Making America Great Again? Upgrading Charter (Back) to Buy, Raising TPs for CMCSA and CHTR Nov 10, 2016
Q3 2016 Cord-Cutting Monitor: Dancing on the Edge of a Cliff? Nov 10, 2016
FB = Finding Bottom or False Bogeyman? Nov 10, 2016
VIAB: Time for a Change? Nov 10, 2016
TRIP 3Q Review: Certainly Doesn’t Feel Like an Inflection Nov 9, 2016
Dish Q3 2016 Earnings: One More Thing to Worry About? Nov 9, 2016
Zayo Q1 F2017 Earnings: Mo Money Mo Problems Nov 8, 2016
PCLN 3Q16 Review: Clearly Taking Share Nov 8, 2016
CNK: Elevated Capex Despite Fewer LatAm Screen Builds Nov 8, 2016
CNK: 3Q Earnings Flash Nov 8, 2016
U.S. Media – Weekly Ratings: 10/31-11/06 Nov 8, 2016
SNI: As Good As It Gets? Nov 7, 2016
SNI: 3Q Earnings Flash Nov 7, 2016
AT&T and Time Warner Go to Washington… What the (Real) Experts Have to Say Nov 7, 2016
AMCX: Not Trading Dead Nov 4, 2016
CBS: Driving It Higher Nov 4, 2016
AMCX: 3Q Earnings Flash Nov 3, 2016
FOXA: Is This The Start of Something New? Nov 3, 2016
FB 3Q16 Review: Operating Leverage in Action Nov 3, 2016
Cogent Q3 2016 Earnings: Enough to Get Excited? Nov 3, 2016
Charter Q3 2016 Earnings: The Middle Innings Nov 3, 2016
TWX: Who Do You Have To Schtup Here? Nov 2, 2016
TWX 3Q Earnings Flash Nov 2, 2016
Cable One Q3 2016 Earnings: We’ve Entered the Land of Consenting Adults Only Nov 2, 2016
U.S. Internet: Is Snapchat Killing Facebook? Nov 1, 2016