EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

US Healthcare: What's next from DC

Healthcare

Aldis Institutional Services

With President Trump signing the OBBB into law, Washington will now turn to other regulatory priorities and states will begin work on implementing the Medicaid reforms. Aldis Institutional's policy-focused events provide investors with timely and actionable insights into the DC landscape. This differentiated platform combines small group conversations with key stakeholders and policymakers, with real-time market commentary from Aldis' senior team. Recent and upcoming event topics include the change to the ACA exchanges and impacts on insurers (Centene, Molina Healthcare), Medicaid reform implementation - including work requirements and provider tax changes, and the outlook for home health and DME/CGMs after CMS's recent proposed rule.

Edition: 215

- 11 July, 2025


The ways to use FCF yield to pick stocks

Trivariate Research

Trivariate Research's latest report analyses FCF trends of US corporates, both yield and conversion, efficacy of the signal and opportunities that may surface when financial conditions tighten. Key findings include: 1) FCF yield works in SMID cap and middle quality best. 2) From a sector perspective, it is effective in Machinery; volatile in Healthcare. 3) FCF yield matters more when financial conditions are loose. As soon as it begins tightening, de-emphasizing FCF yield and focusing on FCF conversion to pick winners from losers in “junk stocks” is prudent. 4) Quantitatively derived longs include Cigna, Cummins and Centene. Shorts include Elevance Health, Humana and Xylem.

Edition: 187

- 31 May, 2024