January 5, 2021
This Decade Will be Better than the Last: A Case for Sustained Outperformance
By: Rob Wertheimer Looking at relative performance of cyclical industrials can be startling. There’s a chart…
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December 22, 2020
Lessons Relearned on Cycle Management
By: Rob Wertheimer 2020 was the third major downcycle we’ve seen in 15 years of…
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December 21, 2020
Melius Macro Views: Few Signs of Industrial Recovery Slowing
By: Scott Davis Rising COVID cases have had very limited impact on the industrial recovery so…
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November 20, 2020
Commercial Aerospace: Sentiment Flipping to Positive
By: Carter Copeland We’ve been chronicling the evolution of aerospace investor sentiment throughout the COVID-19…
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November 13, 2020
Ag Cycle: A Few Thoughts on Trends and Cycle Levels, Amidst Rising Expectations
By: Rob Wertheimer There’s been a lot of positive news on the ag cycle in…
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November 2, 2020
Industrial 3Q20 Earnings: What We’ve Learned
By: Scott Davis Overall, results this quarter have contained few surprises and almost every company…
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October 16, 2020
OTIS: From Great to Good and Back Again
By: Carter Copeland We’re initiating coverage of Otis with a Buy rating and a $83…
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October 6, 2020
Defense Budgets and the Election
By: Carter Copeland Historical data on partisan control is not conclusive for the direction of…
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September 29, 2020
Acquisitions as a Process at Ametek
By: Rob Wertheimer Industrial M&A took eight years to reach its prior peak after the…
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September 29, 2020
Post-Pandemic Industrial Investment Case
By: Scott Davis As an overall sector, Industrials has not captured much attention by portfolio…
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