Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

Equity Bottom-Up

Meta Platforms (Facebook) / Equity Bottom-Up

<ul><li>So I took this weekend to update my models on Meta and Amazon. I just wanted to leave some brisk thoughts on these updated models.</li><li>I will start with Meta today and will share my thoughts on Amazon tomorrow.</li><li>You can find the updated model on Meta here which I encourage you to download to play around with your own narrative as you see fit.</li></ul>

So I took this weekend to update my models on Meta and Amazon. I just wanted to leave some brisk thoughts on these updated models.I will start with Meta today and will share my thoughts on Amazon tomorrow.You can find the updated model on Meta here which I encourage you to download to play around with your own narrative as you see fit.

Next Generation Financial Data Tools, Calcbench

Calcbench

Next Generation Financial Data Tools

Founded in 2011, based in New York and Cambridge, MA, Calcbench is a financial data platform designed for detailed fundamental research. Created by former analysts and supported by a team of financial experts with serious credentials in Finance, Accounting, and Applied Mathematics, Calcbench helps analysts looking to go a level deeper become more productive and accurate in their financial analysis. With Calcbench, analysts can systematically access all the data (numbers and text) in financial statements, including the details hidden within the footnotes.

Thematic (Sector/Industry)

<ul>
<li>Quick Takes on Microsoft, Google Tech giants Microsoft ($MSFT) and Google ($GOOG) both filed their latest quarterly earnings releases on Tuesday — giving us an excellent opportunity to showcase how Calcbench can help you dive into the details of their operating segment performance.</li>
<li>Lots of charts and tables coming up! For example, we looked at the segment-level disclosures in Microsoft’s earnings release , which Calcbench lets you export into Excel.</li>
<li>With just a few keystrokes that led to Figure 1, below, which lets us see which of Microsoft’s many lines of business grew the most year over year.</li>
</ul>


Quick Takes on Microsoft, Google Tech giants Microsoft ($MSFT) and Google ($GOOG) both filed their latest quarterly earnings releases on Tuesday — giving us an excellent opportunity to showcase how Calcbench can help you dive into the details of their operating segment performance.
Lots of charts and tables coming up! For example, we looked at the segment-level disclosures in Microsoft’s earnings release , which Calcbench lets you export into Excel.
With just a few keystrokes that led to Figure 1, below, which lets us see which of Microsoft’s many lines of business grew the most year over year.


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/amer-sports-inc" target="_blank" data-smartkarma-citation="entities:21751:1" rel="noopener">Amer Sports (AS US)</a> raised around US$1.3bn in its US IPO, after pricing its IPO below its initial range, as per media reports.</li>
<li>Amer Sports is a sports and outdoor brands company making clothing and other sporting equipment for use in snow sports, running, climbing, baseball, american football, tennis and other sports.</li>
<li>We have looked at the company’s performance and valuation in our past note. In this note, we talk about the trading dynamics.</li>
</ul>



Amer Sports (AS US) raised around US$1.3bn in its US IPO, after pricing its IPO below its initial range, as per media reports.
Amer Sports is a sports and outdoor brands company making clothing and other sporting equipment for use in snow sports, running, climbing, baseball, american football, tennis and other sports.
We have looked at the company’s performance and valuation in our past note. In this note, we talk about the trading dynamics.


Amer Sports IPO Trading - Downsized and Cornered, Close to Optimistic Fair Value

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

<ul>
<li>Despite the rise and rise of the Magnificent 7, clues that this has made the S&amp;P 500 Index, and hence US stocks riskier, are limited.</li>
<li>However, looking at betas against other stock market indices and other asset classes reveals that risk associated with US stocks is trending slightly higher.</li>
<li>The key takeaway from this analysis, however, is that Treasuries - showing higher volatility and less diversification benefits - ARE quickly losing their appeal within a multi-asset portfolio.</li>
</ul>


Despite the rise and rise of the Magnificent 7, clues that this has made the S&amp;P 500 Index, and hence US stocks riskier, are limited.
However, looking at betas against other stock market indices and other asset classes reveals that risk associated with US stocks is trending slightly higher.
The key takeaway from this analysis, however, is that Treasuries - showing higher volatility and less diversification benefits - ARE quickly losing their appeal within a multi-asset portfolio.


Are the Magnificent 7 a Danger to Your Portfolio?

<ul>
<li>
<a href="https://www.smartkarma.com/entities/amer-sports-inc" target="_blank" data-smartkarma-citation="entities:21751:1" rel="noopener">Amer Sports (AS US)</a> now aims to raise up to US$1.8bn in its US IPO. Proceeds from the listing will be used to pay down debt to the <a href="https://www.smartkarma.com/entities/anta-sports-products-ltd" target="_blank" data-smartkarma-citation="entities:10261:1" rel="noopener">Anta-</a>led consortium.</li>
<li>Amer Sports is a sports and outdoor brands company making clothing and other sporting equipment for use in snow sports, running, climbing, baseball, american football, tennis and other sports.</li>
<li>We have looked at the company’s performance in our past note. In this note, we talk about valuations.</li>
</ul>



Amer Sports (AS US) now aims to raise up to US$1.8bn in its US IPO. Proceeds from the listing will be used to pay down debt to the Anta-led consortium.
Amer Sports is a sports and outdoor brands company making clothing and other sporting equipment for use in snow sports, running, climbing, baseball, american football, tennis and other sports.
We have looked at the company’s performance in our past note. In this note, we talk about valuations.


Amer Sports IPO - Deal Updates and Thoughts on Valuation

United States

Microsoft Corporation operates as a software company. The Company offers applications, extra cloud storage, and advanced security solutions. Microsoft serves customers worldwide.

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Microsoft Corp (MSFT US)

Meta Platforms: Model Update

So I took this weekend to update my models on Meta and Amazon. I just wanted to leave some brisk thoughts on these updated models.

MBI Deep Dives

Quick Takes on Microsoft, Google

Quick Takes on Microsoft, Google Tech giants Microsoft ($MSFT) and Google ($GOOG) both filed their latest quarterly earnings releases on Tuesday

Calcbench

Amer Sports IPO Trading - Downsized and Cornered, Close to Optimistic Fair Value

Amer Sports (AS US) raised around US$1.3bn in its US IPO, after pricing its IPO below its initial range, as per media reports.

Sumeet Singh

Are the Magnificent 7 a Danger to Your Portfolio?

The quick answer is that the Magnificent 7 are not a significant threat to the risk-return characteristics of your portfolio. However, the case for...

Jeroen Blokland

Amer Sports IPO - Deal Updates and Thoughts on Valuation

Amer Sports (AS US) now aims to raise up to US$1.8bn in its US IPO. Proceeds from the listing will be used to pay down debt to the Anta-led...

Sumeet Singh

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