please act accordingly, independent research firm, compelling investment opportunities and ideas
  Companies Followed
   APOL    ARC    AYI
   BCO    BGG    COCO
   CSGP    DV    ESI
   GCA    HCG.TO    HNI
   IPSU    KNL    LOOP
   MCRS    MLHR    NA.TO
   NILE    OPEN    RGR
   RON.TO    SIG    SWHC
   THQI    TRLA    TTC
   TWPG    WPO    WWE
   XOXO    Z    ZIPR
PAA Research

PAA Research, the owner and operator of, is an independent research firm that provides investment ideas backed by extensive fundamental and primary research to professional money managers and high net worth individuals. The company strives to generate action-oriented investment ideas with high absolute return potential.

Recent Reports

  Z: Stretching to Achieve Growth and Shrinking the TAM – Zillow’s Inventory Issues Result in New Policies that Drastically Reduce Agent ROI

For the past year, we have been arguing that Zillow has a major advertising inventory problem.  The growth of the company’s premier agent featured listing program combined with deals Zillow has signed with brokerage firms at sub-optimal le.....

  DV: APOL by Another Name? Lowering Target to $25

We’re thinking of a for-profit education company that operates a large national university with a strong presence in nursing, a big online platform, and a heavy mix of bachelor’s degree students that also owns a group of international uni.....

  Z: Is It Time to Question This Management Team? Taking our Price Objective to $50

Well that was interesting.  This is not our first rodeo in a heavily shorted battleground stock, but for some reason each experience often reveals something new about potential trading action.  Today’s action certainly underscores a well-.....

  WWE: 1.3MM Subs With Lackluster Creative? Wrestlemania Could Mark the Beginning of a Creative Upturn

Today wrestling fans across the country are rejoicing over what many have deemed “the best Wrestlemania ever”.  Following months of complaining from WWE’s legion of vociferous fans on social media and various blogs, it appears the comp.....

  Z: Five Questions We’re Thinking about This Week, Including: Do Internet Leads in Real Estate Convert at Less than 1%?

2015 is shaping up to be an incredibly challenging year for Zillow.  The ground is shifting rapidly in the residential real estate space as legacy brokerage firms and media companies (think News Corp/MOVE) attempt to reassert their mindshare.....