AI driven 10Q / 10K filings analysis
Since there are always reasons when companies change the wording in their financial filings, being alerted to these changes allows investors to realise potential risk factors and opportunities before they are reflected in the market. Recent alerts include: 1) Advanced Micro Devices - struck previous wording around the need to discount products, suggesting more confidence in pricing power. 2) Bright Horizons Family Solutions - no longer anticipating expanding operating cash flows. 3) GoDaddy - takeover target? Plus, further colour on international expansion plans. 4) Gilead Sciences - more competitive market for Bulevirtide. 5) Installed Building Products - new change in control agreement prompted by external takeover interest? 6) New York Times - increasing concerns re. competitors gaining market share at its expense.
Edition: 218
- 22 August, 2025
Merck (MRK) & Gilead (GILD) / Arcus Biosciences (RCUS)
Healthcare
Dr Amit Roy remains concerned over the added benefit of TIGIT to established PD1 therapy for MRK and GILD / RCUS. As expected, the street’s expectations over MRK’s TIGIT in cancer was misplaced again, as it failed to beat chemo in later line lung cancer. GILD / RCUS 1st line TIGIT data also appears equivocal with large imbalances in baseline characteristic and an underperforming PD1 arm in high PDL1 expressers. Moreover, the TIGIT + PD1 response of 41% still falls short of response rate seen with Keytruda alone. Amit also remains concerned about MRK’s prospects in first line lung, with, again disappointing response rate of just ~33% in patients naïve to PD1 therapy.
Edition: 157
- 31 March, 2023
JetTrack: Real Time Insight into Corporate Strategy
Paragon Intel’s JetTrack is an analytics and data platform that enables investors to track the private jet activity of ~3,500 companies (5 Min Demo Here). JetTrack has been very successful in helping investors get ahead on many deals through the tools built into the platform (Raytheon/United Technologies, Occidental/Anadarko, Gilead/Immunomedics, ICE/Ellie Mae to name a few). Recently, they have flagged outlier flights of Simmons First National Corp. visiting Regions Financial Corp. twice after not travelling near their headquarters for over 5+ years.
Edition: 109
- 30 April, 2021