Notes

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CBOE Company Snapshot

Our look at the CBOE IPO concludes with a mostly positive view on the company and the deal. The only real sticking point is that the proposed pricing doesn’t leave much – if anything – on the table for investors in the short term. But it’s a quality name that will be paying a dividend…

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Work in Progress: RealD, CBOE, Broadsoft and Zipcar

We are wrapping up some research work on RealD with our partner, Research 2.0, and gearing up to do some work on Zipcar. Our interest in both 3D Cinema and on-demand travel has been longstanding and we are both very eager for these deals to be tested in the market. RealD has enjoyed explosive revenue growth…

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Research report on Financial Engines

Today we published a research report on Financial Engines. It suggests that the company is in a strong position to take advantage of several trends that are actively reshaping the financial landscape. Based on an intrinsic valuation model, the shares still appear reasonably valued. Due to strong economies of scale the company management team can…

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The Film Department Initial Impressions

Basics: This is positioned as a new-age film production company that aims to become one of the handful of independent producers in the US. The presentation understandably includes lots of video and entertainment content including a video testimonial form Gerard Butler (he thinks it’s a good investment! ;-). The Film Department is based on the…

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Nexsan Technologies Pre-IPO View

The presentation and the story for Nexsan (NASDAQ: NXSN) was a little better than we expected. Although the storage market seems quite crowded given the likes of EMC, HP, NetApp dominating, the company makes a credible case for a smaller, totally channel-focused player in the space. We hope to delve deeper and produce a full…

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The IPO market is back!

After a one or two year hiatus, a robust IPO market is back in action. The supply of new issues has been limited for some time now and there is some pent up demand from investors for new names.  This provides a better foundation for a robust IPO market. The success of concept IPO A123…

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