Offshore Drilling Update SECTOR REVIEW The First Stressed Transaction of the Cycle ■ Stress In the System. While some shipyards have stressed assets (owners delaying, non-payments), shipyards have time on their side. Unfortunately, companies are not so lucky - bond holders want to get paid. This should drive the sale of rigs by companies looking to plug liquidity gaps not by shipyards (it will have to get much worse for that). Now we just need some buyers – prices probably have to drift lower for that.
Global Aerospace & Defense Paris Air Show: Day 2 Recap Synchronized OE cycle message but conviction levels subtly varied: Boeing continues to express confidence in the cycle, citing extended strong demand for new and innovative airplanes, driven both by replacement and growth. As such, BA still targets 1.0x book:bill for the year, and certainly improved its prospects today with new orders raising the YTD to ~1.4x from 0.5x pre-Show. The numerous suppliers we spoke with seemed a little more robotically supportive of the cycle and the latest rate hikes, and their ability to achieve and sustain them. However, we acknowledge they are not in a position to say otherwise, and further suspect some may view any further hikes with a level of skepticism. Interestingly, a few suppliers did suggest they may address the incremental risk they see from new (unannounced) hikes by requiring a greater sharing of investment risk from their customers.
CS Checking In: Weekly RevPAR Tracker-Robust Transient Demand and a Strong Events Calendar Drive 7.8% RevPAR Growth-■ RevPAR Grows 7.8%: U.S. hotels posted a solid week of RevPAR growth driven by robust transient demand and a strong events calendar. All markets other than Houston and Los Angeles experienced positive RevPAR growth with 14 of the top 25 markets generating double-digit increases. The RevPAR decline in Los Angeles is largely attributable to a shift in comparable weeks for E3 (Electronic Entertainment Expo) and should fully reverse itself in the next release.
Monthly Drug Tracker-Slight Deceleration in Rx Growth Trend Continues & Bears Monitoring-Bottom Line: May monthly Rx volume increased 1.2% y/y as compared to growth of 1.6% y/y in April. Recall that the average Rx growth in C1Q15 was 2.5% y/y, which compares with the full-year C2014 growth of 2.4% y/y. We note that both the Long Term Care and Mail-Order channel exhibited negative monthly y/y Rx volumes, while the Retail channel exhibitedmodest growth. Prescription volume growth trends have decelerated all five months of 2015 from robust December levels, likelyreflecting slightly more challenging comparisons. While we believe the outlook for overall healthcare utilization and volumesremain solid, we acknowledge that there will be scrutiny around the upcoming SCOTUS ruling to assess how growth might evolve throughout the rest of the year. The results of the distributors are not overly sensitive to modest volume changes, but in light of current valuations & generally high expectations, any ongoing deterioration of Rx growth trends could impact sentiment.
Under: DIS finally getting some traction.?
Dec 14, 2017 17:08:45 GMT -6
martyc: I took an entry level position in DIS. Will add eventually to overweight when it becomes clearer that the deal will go thru. Can't believe how well positioned they will be. 60% Hulu. 20% of content watched on NFLX they can pull. More in thread
Dec 14, 2017 11:05:16 GMT -6
Under: Great posts on $DIS
Dec 13, 2017 17:50:49 GMT -6
Under: $ROKU Citron on a war path.
Nov 28, 2017 15:11:20 GMT -6
Under: $HAS takeover bid for $MAT?
Nov 10, 2017 16:16:07 GMT -6
martyc: Not looking like the market will provide any discounted opp for SGMO. Call was just too professional and all signs indicate they are on a great path for commercialization. Happy with core but wish I had some trading shs
Nov 10, 2017 9:04:05 GMT -6
martyc: For anyone looking to find an entry point into SGMO, I'm almost hoping is sells off in next few days so I can add more. They are really clicking but the fact they haven't signed new deals might cause some to exit. Watching as I have room for trading shs
Nov 9, 2017 18:28:09 GMT -6
martyc: Been an interesting ride so far. I figured the Bears would be about this good but hoped the O wouldn't look so lame. Another building yr but still possible to get to 8-8 IMO
Nov 9, 2017 18:26:08 GMT -6
Under: whats up with your Bears this year Marty?
Nov 9, 2017 17:35:25 GMT -6
martyc: Hope you were long ROKU. I wanted to see Q first so missed out
Nov 9, 2017 7:08:53 GMT -6