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In what can only be described as a shocking development to most participants in the Canadian financial ecosystem, HCG announced late last night that Berkshire Hathaway will provide the company with a...
READ MORE >There has been a great deal of discussion in the investment community over the past 6-12 months about the slowdown in the lighting equipment industry. Many investors as well as the lighting equipment...
READ MORE >“This is a notable earnings call for me as it marks 1 year since I assumed the CEO position in May of 2016. We have accomplished a great deal in a short period of time, and we're well...
READ MORE >HCG reported 1Q17 adjusted EPS of….. Just kidding. Make no mistake the entity known as Home Capital Group and its primary lending subsidiary, Home Trust no longer exist. As we argued a few...
READ MORE >“Mark, on the CFPB, we don't break out the amount of the revenue that comes from co-marketing efforts, but we have said and it continues to be the case that it's a small portion of overall revenue.” Kathleen Phillips, CFO Zillow, 1Q17 Earnings Conf. Call....
READ MORE >“Prior to and during the live conference call, investors may submit questions via Sli.do (www.slido.com). By entering the event code #ZEarnings on the Sli.do homepage, participants will be placed into the queue where they...
READ MORE >“If it keeps on rainin', levee's goin' to break If it keeps on rainin', levee's goin' to break When the levee breaks I'll have no place to...
READ MORE >“But I can't end the call without a little ditty that someone passed on to me of how people in the 19th century dealt with shorts. And the little ditty goes something like this. He who sells what isn't his'n, must...
READ MORE >Truth be told, we’ve all seen this happen before: A management team gets praised for consistently beating numbers and its “long term vision” for the company during the early stage of a product/economic cycle. ...
READ MORE >“Our customers have shown tremendous courage and we’re matching that by sticking with them to the best of our best ability. We believe that working with customers to help get them to a...
READ MORE >Approximately 18-months ago, we published a report entitled: “Is Zillow’s ARPA Growth Miracle Over? The Demise of the “MSA” in the Mortgage Channel Suggests It Could Be, Reducing Estimates”. In...
READ MORE >“There is always a heavy demand for fresh mediocrity. In every generation the least cultivated taste has the largest appetite.” Paul Gauguin Following another 90-minute conference call in which...
READ MORE >In many ways the investment case for or against Zillow increasingly can be distilled to one single question: Does the company’s current cost structure reflect investments for growth or simply...
READ MORE >It’s been an interesting start to 2017 for HCG. The stock is down a meager (-5.0%) YTD, which belies the drastic change in investor sentiment around the company. Several major brokerage firms have downgraded HCG shares over the past 4-6...
READ MORE >“Let's begin What where why or when Will all be explained Why destruction is a game See I'm not insane In fact I'm kind of rational….” Boogie Down...
READ MORE >“All I do is separate the game from the truth” Wallace, Christopher. “One More Chance”. Ready To Die. Bad Boy, 1994. We think the quote above perfectly...
READ MORE >When we first introduced AYI as a short idea approximately 9-months ago, the largest pushback on the merits of our investment thesis related to the perceived quality of the company’s management team. ...
READ MORE >We recently completed a survey of lighting agents across the country. The feedback from our survey confirms our view that: Revenue growth in the lighting industry has started to slow Pricing pressure on LED products...
READ MORE >“I've got depth of perception in my text y'all I get props at my mention 'cause I vex y'all So what'cha...
READ MORE >“It's just that I've never seen people celebrate mediocrity the way you do.” Jack Byrnes (Robert DeNiro). Meet the Fockers. Dir. Jay Roach. Universal Studios 2004. For...
READ MORE >In what can only be described as a shocking development to most participants in the Canadian financial ecosystem, HCG announced late last night that Berkshire Hathaway will provide the company with a...
READ MORE >There has been a great deal of discussion in the investment community over the past 6-12 months about the slowdown in the lighting equipment industry. Many investors as well as the lighting equipment...
READ MORE >“This is a notable earnings call for me as it marks 1 year since I assumed the CEO position in May of 2016. We have accomplished a great deal in a short period of time, and we're well...
READ MORE >
