EVENTS:   The Roaring 2020s or a Rerun of the 1970s? - Edward Yardeni/Yardeni Research - 24 Mar 26   Best Equity Short Ideas Conference Call 13 - Thomas Chanos/Badger Consultants & Dr. Aaron Fletcher/Bios Research & Jonathan Telgener/Channel Dynamics & Ed Steele/Iron Blue Financials & John Zolidis/Quo Vadis Capital & Mark Hiley/The Analyst - 26 Mar 26     ROADSHOWS: Chinese Equity Ideas & Channel Checks Across 50 sub-sectors - Don Ma /Horizon Insights   •   London   23 - 27 Mar 26       Long Short European Equity Research - Harry Grist /The Analyst   •   New York   26 Mar 26       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   27 - 27 Mar 26      
Filters

Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

Corporate Access: Hosting calls with industry thought-leaders

Daniel Insights

Peter Daniel hosts Zoom based calls with interesting industry (public & private companies) thought leaders for institutional equity investors. Here are some recent events. Stay tuned for future meetings...

Steve Saxon - Partner, McKinsey & Co., lives in Shanghai - Update on China Covid lockdown implications and supply chain issues.
Ward Nye - CEO - Martin Marietta Materials - Company update.
Dave Jackson - CEO - Knight-Swift Transportation - Company update.
Ryan Green - CEO - Gridwise - A mobile app that gig economy drivers use to track important job-related operating metrics.
Curtis Garrett - Former Chief Strategy Officer - Reconex - Update on the LTL Industry.
Bob Martin - CEO - Thor Industries - Company update and RVing industry review.
Spencer Patton - CEO - Route Consultant - Update on FDX ISP operators.

Edition: 141

- 05 August, 2022


Knight-Swift (KNX)

Industrials

Hedgeye

Speeds + Inventory + Covid → Peak Trucking. The easing of the Covid pandemic portends the easing of capacity constraints and crucially higher network speeds. Jay Van Sciver expects pricing momentum to reverse sharply through mid-year. He sees a repeat of the painful 2H18 inflection with falling rates, earnings and valuations. The trucking industry structure (highly fragmented, capital intensive, low barriers-to-entry that is characterised by low returns even in the best of times) makes it a great source of funds for short positions. Jay expects ~30% relative underperformance from KNX in 2022, and for truckers to underperform more generally.

Edition: 133

- 14 April, 2022