Meet The Perpetual Bailout Mechanism That Keeps The Euro Afloat
The creation of the euro has been flawed from the beginning; it’s most definitely not an optimum currency area. It has a tendency to expand differences, rather than diminish them […]
A Misplaced Rally
Markets reacted euphorically after the US job numbers and the installation of a new Italian government. We think they are misplaced on both counts, more especially on the Italian government. […]
Roku Powers Ahead
Multiple tailwinds are blowing in favor of Roku, like cord cutting, advertisers following viewers to OTT and TV brands giving up on their own platforms. Its asset light platform business […]
Globus Medical Is Gaining Share In Its Mainstay Market
The company is gaining share in its mainstay market of spinal implants. But its new spinal robotic navigation platform, the ExcelsiusGPS, seems to be off to a flying start and […]
Mazor Is Growing Nicely
With the help of giant Medtronic, Mazor is enjoying considerable commercial success for its two medical robot systems. The business model is particularly attractive, generating a large amount of recurring […]
Marin Software: A Race Against Time
The company has been bleeding customers and cash for quite some time. There are some signs there is a potential for slowing this, but too little to get excited about. […]
NetApp: Deceptively Slow Growth
The company stabilized its legacy business and its strategic solutions grew at a 25% pace, although helped a bit by currency tailwinds. NetApp seems to have caught a wave in […]
Italy’s Coming Stealth Eviction From The Eurozone
The fiscal plans of the incoming Italian government will trigger a bond crash, capital flight, a bank run and a clash with the EU. They are simply not compatible with […]
3 Vicious Cycles Threatening To Blow Up Financial Markets
Despite economic tailwinds and a massive bond buying program by the ECB, Italy hasn’t been able to even dent its debt/GDP ratio. When the ECB ends its bond buying program […]
Tableau Still Lacks Leverage
Growth is still very solid and the picture is considerably better due to a business model change. But we don’t see any leverage on the horizon with margins flat to […]