All Posts By

melius

Research Report
September 20, 2018

Defense: The Payments Problem

By: Carter Copeland  Twenty-five years ago, the fate of the US Defense industry changed forever…
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Research Report
September 12, 2018

CFX: Where’s the Cash? Downgrade to Underweight

By: Scott Davis It’s unusual for us to make a negative stock call in the…
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Research Report
September 10, 2018

Used Pricing Shows Cycle Strength for CAT North America Construction

By: Rob Wertheimer  We’ve argued that earthmoving construction has a long upcycle ahead, that investors who…
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Research Report
August 27, 2018

Productive Lifespan of Long Haul Trucks

By: Rob Wertheimer  Over the years we’ve asked every truck salesman, business manager, or driver we’ve…
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Research Report
August 1, 2018

Upgrading Machines: Time for Cyclical Exposure

By: Rob Wertheimer  We suggest taking a second look at machinery. Shares are trading as…
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Research Report
July 17, 2018

Why Culture Matters: Simplicity is an Investible Theme

By: Scott Davis The vast majority of Wall Street analysts spend their careers trying to find…
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Research Report
July 11, 2018

FAST vs. MSM: A Tale of Two Worlds

By: Jake Levinson Industrial distributor prints this morning from FAST and MSM kick off industrial earnings…
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Research Report
June 21, 2018

HDS: Taking Stock 5 Years Post IPO

By: Jake Levinson HDS has been one of the rare successful industrial IPOs we’ve been involved…
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Research Report
May 22, 2018

CAT Leading on Growth and Execution

By: Rob Wertheimer  Deere’s report more or less closed out machinery earnings season that was…
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