July. 2020

The Humbling of Exxon; Jeff Ubben quits ValueAct for social investing; Inside eBay's Bizarre Campaign Against a Blog Critic; The Enduring Enigma of Costco's $1.50 Hot Dog and Soda Combo; A busy week of climbing

By Whitney Tilson

Empire Financial Daily,
Thursday, July 2, 2020
1) In my February 3 e-mail, I analyzed the financials of energy giant ExxonMobil (XOM) and what I found wasn’t pretty. The company is suffering from declining revenue, net income, and operating cash flow… and this is combined with rising capital expenditures. The result is insufficient free cash flow to cover the hefty dividend payments, […]

Get ready: another massive wave of layoffs is about to hit the U.S. economy; Jobs Recovery Risks Stalling Out; Is There Really a 'Looming Bank Collapse?'; Buffett Missed Out on Crisis; Parallels between climbing and investing

By Whitney Tilson

Empire Financial Daily,
Wednesday, July 1, 2020
1) Daniel Alpert, a founding managing partner of the New York investment bank Westwood Capital, has a well-reasoned – and troubling – prediction: Get ready: another massive wave of layoffs is about to hit the U.S. economy. Excerpt: Equity markets may not see it, but July is likely to see a resumption in layoffs stemming […]
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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