Friday, October 23, 2020

The Update Issue: AutoNation and Netflix Earnings, RIP Quibi, Another Blow to Department Stores

By Berna Barshay

► It’s the time of year when I feel like I’m drinking from a fire hose… Earnings season is upon us. With it comes a plethora of new information about how companies are performing… and often more important, how they see the future shaping up. It’s a good time to go back and see what’s […]
Recent Newsletters

Activision Blizzard and At Home Group; An Analysis of Vice President Biden's Economic Agenda; The Coming Collapse of a Cheerleading Monopolist; Low risk of coronavirus infection on airline flights; Top of Turtlehead Peak

By Whitney Tilson

Whitney Tilson's Daily,
Friday, October 23, 2020
1) Yesterday’s e-mail about Snap (SNAP) got me thinking about two other stocks that were also previously Stock Ideas of the Day: Activision Blizzard (ATVI), which is up 82% since I wrote about it in my February 19, 2019 e-mail: Today’s Stock Idea of the Day is Activision Blizzard (ATVI). Due largely to the rise […]

Here's What the Big Banks Are Telling Us About the Economy

By Alex Griese

Empire Financial Daily,
Thursday, October 22, 2020
► To say the economy has been volatile this year would be an understatement… After falling more than 30% in the second quarter, real gross domestic product (“GDP”) is expected to rise by more than 30% during the third quarter. (We’ll get a first look at third-quarter GDP on October 29). With financials exposed to […]

Tesla's earnings report; Big moves in Snap, GSX Techedu, and Hertz; Climbing and a night of luxury in Vegas

By Whitney Tilson

Whitney Tilson's Daily,
Thursday, October 22, 2020
1) Tesla (TSLA) reported earnings after the close yesterday. My friend and former partner, Glenn Tongue, was kind enough to share his take: Tesla reported third-quarter earnings yesterday that, as usual, provided support for both the bears and the bulls. As usual, the earnings call was a love-fest, with little substantial discussion. Revenue of $8.8 […]

The Pandemic Can't Stop Resale's Momentum

By Berna Barshay

Empire Financial Daily,
Wednesday, October 21, 2020
► In yesterday’s Empire Financial Daily, I discussed the strong growth in the resale economy… Younger generations are increasingly being drawn into buying used designer and other branded clothing, shoes, and accessories out of a combination of eco-consciousness, thrift, designer aspiration, and a quest for “newness” on a budget.  It also looks like Gen Z […]

Michael Bloomberg held talks to take his media empire public; American Enterprise Institute's Analysis of Joe Biden's Tax Proposals; Apple iPhone 12 Review; Cragging in the Calico Hills

By Whitney Tilson

Whitney Tilson's Daily,
Wednesday, October 21, 2020
1) I haven’t spoken with my friend Bill Ackman about this, so I have no particular insight, but this would be an incredible deal for his Pershing Square Tontine Holdings (PSTH) – as well as for Bloomberg. This New York Post article mentions the interview I did with him as part of our recent SPAC […]
Whitney Tilson
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About Whitney Tilson

Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to nearly $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor’s degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

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