Approximately 6-months ago we introduced a pair trade – Long KNL/Short MLHR. Thus far the trade has returned approximately 11.8% compared to a 2.2% gain for the S&P 500. In our original report, we established the...
READ MORE >BGG shares rallied modestly today, despite the significant outperformance posted by the company on both the top and bottomline for 3Q11. We attribute the tepid stock price response to the relatively muted outlook for 4Q11 provided by...
READ MORE >We have been recommending a pair trade: long BGG/short TTC for approximately 6-9 months. Thus far the trade has not been a winner, generating a modest gain 1.5% compared to a robust 26.5% increase for the...
READ MORE >Although the company’s results were relatively inline with consensus we would argue KNL’s 1Q11 operating results and significant YOY increase in backlog further validated our thesis that the company will be the fastest growing...
READ MORE >Approximately four months ago we introduced a pair trade idea: Long KNL/Short MLHR. You can read our original report here. Our pair trade thesis is predicated on the following...
READ MORE >Approximately 3-months ago we introduced a pair trade – Long KNL/Short MLHR. Thus far the trade has returned approximately 15% compared to a 2% gain for the S&P 500. In our original report, we established the following thesis for our long...
READ MORE >TTC reported 1Q11 results today that were well above consensus expectations. You can read the full release here. Despite the large upside delivered for 1Q11, the upward revision to FY11 guidance, and communication of a FY14 operating...
READ MORE >Approximately 6-weeks ago we introduced a pair trade – Long KNL/Short MLHR. In our report, we established the following thesis for our long KNL/short MLHR pair trade: Order trends have improved materially for...
READ MORE >BGG reported 2Q11 results that we would characterize as far less impressive as the headline numbers would suggest. In general, it appears that relatively strong demand in Australia and Asia combined with slightly earlier...
READ MORE >We have been recommending a pair trade: long BGG/short TTC for approximately three months. Thus far the trade has not been a winner, generating a modest loss (-0.3%) compared to a whopping 21.3% gain for the S&P 500. As a reminder, the...
READ MORE >Acuity Brands has been our favorite long idea in the industrials complex over the past year. As a pure-play lighting equipment manufacturer with a growing portfolio of LED products and lighting...
READ MORE >Approximately 9-months ago we introduced MLHR as a short idea. Many elements of our short thesis have come to fruition: up until recently the recovery in orders for the company and other leading office...
READ MORE >We have been recommending a pair trade: long BGG/short TTC for approximately three months. Thus far the trade has not been a winner, generating a (-4.7%) return compared to a 9.4% gain for the S&P 500. As...
READ MORE >Acuity Brands will report 4Q10 earnings on Wednesday, October 6th before the market opens. Based on our checks with approximately 35-40 lighting agents across the country we anticipate the company is poised to...
READ MORE >TTC reported strong 3Q10 result this morning, you can read the full release here. On the heels of BGG's blow-out numbers, it should come as no surprise that TTC delivered significant upside to...
READ MORE >Approximately three months ago we introduced two short ideas in the outdoor power equipment space: BGG and TTC. Since that time shares of BGG have sold off 21.2%, while those of TTC have declined 7.3% compared to a...
READ MORE >AYI will report 3Q10 results before the market opens tomorrow. We expect the company to deliver inline revenues, but once again top consensus estimates due to better than expected gross margins. ...
READ MORE >MLHR reported 4Q10 earnings after the close. You can read the full release here. Overall, the company's revenue and earnings results fell well short of consensus and PAA Research's even more cautious estimates....
READ MORE >Approximately three months ago, we introduced MLHR as a short idea. At that time we thought shares were poised to witness downside following a 25% run up in the stock. even though sell through trends in the office furniture...
READ MORE >TTC reported 2Q10 results earlier today. You can read the full release here. The company's earnings results were inline with TTC's positive pre-announcement on 5/13.Key Observations from TTC's 2Q10 ResultsHere are...
READ MORE >We recently introduced two short ideas: TTC and BGG. Both are leading manufacturers in the outdoor power equipment market. Our thesis on the two companies was as follows: Our channel checks indicated...
READ MORE >The outdoor power equipment sector is an industry whose revenue growth trends have historically been driven by three primary factors: home sales, general consumer confidence, and weather. It should come as no surprise given these factors that unit sales...
READ MORE >Approximately four months ago we introduced a pair trade: long AYI/short HUBB based on our view that AYI shares were poised for mean reversion in stock price performance relative to those of HUBB and...
READ MORE >MLHR reported 3Q10 results after the close. You can read the full earnings release here. Overall the company missed on both the top and bottom line. We introduced MLHR as a short idea earlier this week based on our expectations that revenue...
READ MORE >In July of 2009 we introduced a pair trade: Long MLHR/Short HNI. Our thesis at that time was predicated on the following: MLHR is a superior company to HNI based on almost every financial...
READ MORE >This report was originally published on 1/4/10.A few weeks ago we introduced a pair-trade: long AYI/short HUBBbased on our expectation that AYI shares were poised to witness absolute and relative upside following an...
READ MORE >This report was originally published on 12/3/09.We have been long-time admirers of the business models of the leading electrical product manufacturers including: Cooper Industries, Thomas and Betts, Hubbell...
READ MORE >This report was originally published on 11/2/09.We wanted to provide you with an update on the performance of our SMid Cap portfolio, which we introduced on 9/3/09. You can find our initial report here. As a reminder this is...
READ MORE >This report was originally published 10/19/09.One of the first investment ideas we introduced on this site was a short-term trading call onBriggs and Stratton (BGG 18.42 ↓0.65%). You can read our original report here. At that time we...
READ MORE >This report was originally published on 9/10/09.In our original report on the office furniture market entitled: “Generating Returns in an Industry in a Deep Freeze” we advocated going long Herman Miller (MLHR 20.04...
READ MORE >SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
LONG
$128
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0