please act accordingly, independent research firm, compelling investment opportunities and ideas
  Companies Followed
   APOL    ARC    AYI
   BCO    BGG    COCO
   CSGP    DV    ESI
   GCA    HNI    HUBB
   KNL    LOOP    MCRS
   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

  DV: “History Doesn’t Repeat Itself, but It Often Rhymes”; DV’s Golden Goose Is About to Get Squeezed, Time to Get Short

This oft quoted aphorism (incorrectly attributed to Twain) represents one of the greatest truisms for any seasoned investor: the ability to identify trends and map them to historical patterns is a skillset many great investment ideas are buil.....

  Z: You Know About the 4Q14 Outlook, Here’s What Should Concern You More – This Company is More Levered to Traffic Growth Than Ever

That was a mistake….Look deep, Josh. It’s there.  It’s moves away, but it’s there.  You’ve got him….. Don’t move until you see it.”
  • Ben Kingsley, Searching fo.....

  ZU: Deceleration Takes Root amidst Growing Signs of Customer Fatigue, Taking Target to $15

Approximately two months ago we introduced ZU as a short idea.  As a reminder here’s the original elements of our short thesis: Cracks have started to emerge recently, but we think revenue, gross margin, and profitability trends could g.....

  Z/CSGP: Can Rentals Save the Zillow Narrative? Don’t Count On It; CSGP Increasingly Looks Like a “Leap of Faith”, Time to Get Short

“…the long-term opportunity for Rentals, we look at competitors in the rental space kind of pure play what they call ILSs or Internet Listing Sites, Internet Listing Services and we see a couple of companies …. with Web and mobile e.....

  WWE: Concerns Surrounding Network Churn Overshadow What Should Be the Bigger Story – OIBDA and Cash Flow

Heading into WWE’s 3Q14 earnings release here’s what we said about how the stock might react to the Network subscriber number (all else being equal): “Here’s how we think the stock COULD trade based on a variety of Network subs.....