please act accordingly, independent research firm, compelling investment opportunities and ideas
  Companies Followed
   APOL    ARC    AYI
   BCO    BGG    COCO
   CSGP    ESI    GCA
   HNI    HUBB    HURN
   ING.PA    IPSU    KNL
   NILE    OPEN    RGR
   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

  ESI: Desperate Times Call for Desperate Measures… ESI Attempts to Access the Only Source of Incremental Capital It Has Left – Real Estate

For more than a year now, we have been arguing that ESI might need to raise capital to shore up its liquidity position in light of the company’s deteriorating operating fundamentals and increasingly worrisome regulatory risk.  In the past .....

  Z: Eight (Reasons) Is Enough, Time to Get Short with a Price Objective of $55

In the context of what has transpired in the broader Internet space over the past two weeks, Zillow shareholders have to be feeling pretty good about themselves, or at the very least quite fortunate.  After all, the 8-10% sell-off in Z share.....

  WWE: Expectations Gone Awry? Come for the Rights Fees, Stay for the Network

Heading into the release of initial subscriber numbers for the WWE Network our greatest fear was that the company would have a major technical issue with the video feed during Wrestlemania.  That did not happen and for the most part, the eve.....

  WWE: As We Move Beyond “Proof of Concept” for the Network the Second Phase of Growth Comes Into Focus, Raising Target to $55

Was it really only 6-months ago that WWE shares were languishing at multi-year lows and trading 100-200,000 shares a day?  My how things have changed.  In a mere 180 days, WWE shares have now surged to all-time highs.  The increase in enth.....

  MCRS/ING.PA: Highlights from Southeastern Acquirers Association Conference

Earlier this week we had the opportunity to attend the Southeastern Acquirers Association annual conference.  The event was largely attended by merchant acquirers, ISO’s, and hardware providers in the payment processing industry.  While w.....