TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>Comcast and Charter have seen their share prices cut 30% since the fall when we thought broadband risks were overstated.</li>
<li>We don't think now is the time to buy cable though due to rising competitive intensity from telco.</li>
<li>Prefer Charter over Comcast due to their faster growing wireless business and pure play business model vs. Comcast's increased streaming content spend.</li>
</ul>


Comcast and Charter have seen their share prices cut 30% since the fall when we thought broadband risks were overstated.
We don't think now is the time to buy cable though due to rising competitive intensity from telco.
Prefer Charter over Comcast due to their faster growing wireless business and pure play business model vs. Comcast's increased streaming content spend.


Comcast and Charter: Does Wireless Upside Offset Broadband Concerns?

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>The 5G battle in the U.S. saw T-Mobile rise to the forefront, particularly after its acquisition of Sprint.</li><li>Both these telecom majors are heavy on debt but have ended up giving decent returns to shareholders over time.</li><li>In this report, we are looking to analyze the key qualitative factors that could influence the two companies’ stock price in the near future.</li></ul>

The 5G battle in the U.S. saw T-Mobile rise to the forefront, particularly after its acquisition of Sprint.Both these telecom majors are heavy on debt but have ended up giving decent returns to shareholders over time.In this report, we are looking to analyze the key qualitative factors that could influence the two companies’ stock price in the near future.

Verizon vs. T-Mobile - Which Telecom Major Has Better Prospects (12/2021)

Value Investing

Vladimir Dimitrov, CFA

Verizon Communications / Equity Bottom-Up

<ul>
<li>The highly exuberant equity markets in 2021 created the perfect environment for high quality value stocks in the coming years.</li>
<li>Significant investments made by Verizon are also weighing down on the company's valuation, while the dividend yield gravitates around 5%.</li>
<li>Through these investments, the company solidified its leading position and created a significant edge over its peers in the U.S.</li>
</ul>


The highly exuberant equity markets in 2021 created the perfect environment for high quality value stocks in the coming years.
Significant investments made by Verizon are also weighing down on the company's valuation, while the dividend yield gravitates around 5%.
Through these investments, the company solidified its leading position and created a significant edge over its peers in the U.S.


Equity Long-Short Analyst

Pyari Menon

Thematic (Sector/Industry)

<ul>
<li>The companies that are best positioned to take advantage of the 5G growth are a mix of equipment vendors, chipset companies, device makers, and enterprise solution providers. </li>
<li>The top ten companies to benefit from 5G rollout based on innovation and citation count are <strong>Samsung Electronics, Qualcomm, LG Electronics, AT&amp;T, Huawei, Intel, Google, Ericsson, Apple,</strong> and <strong>Nokia </strong>
</li>
<li>A stand-out in 5G technology rankings is <a href="https://www.smartkarma.com/entities/lg-electronics-inc" target="_blank" data-smartkarma-citation="entities:8814:1" rel="noopener">LG Electronics (066570 KS)</a> which is punching well above its current market share in the industry. </li>
</ul>


The companies that are best positioned to take advantage of the 5G growth are a mix of equipment vendors, chipset companies, device makers, and enterprise solution providers. 
The top ten companies to benefit from 5G rollout based on innovation and citation count are Samsung Electronics, Qualcomm, LG Electronics, AT&amp;T, Huawei, Intel, Google, Ericsson, Apple, and Nokia 

A stand-out in 5G technology rankings is LG Electronics (066570 KS) which is punching well above its current market share in the industry. 


Stock Ideas from Data Mining Technical Publications: A Look at 5G

<ul><li>T-Mobile delivered a decent result in the third quarter and its stock price has been following a downward trajectory off late after the management announced that it was the victim of a cyberattack that resulted in the theft of customer data.</li><li>The company has led the industry in postpaid net adds and postpaid service revenue growth in Q3.</li><li>Overall, T-Mobile's strong momentum and execution enable it to continue investing in its network and the business, resulting in significant future free cash flow growth.</li></ul>

T-Mobile delivered a decent result in the third quarter and its stock price has been following a downward trajectory off late after the management announced that it was the victim of a cyberattack that resulted in the theft of customer data.The company has led the industry in postpaid net adds and postpaid service revenue growth in Q3.Overall, T-Mobile's strong momentum and execution enable it to continue investing in its network and the business, resulting in significant future free cash flow growth.

United States

T-Mobile US, Inc. is one of four national wireless carriers in the US. The company was created as the combination of T-Mobile USA and MetroPCS.

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T Mobile Us Inc (TMUS US)

Comcast and Charter: Does Wireless Upside Offset Broadband Concerns?

While we have historically been attracted to the fiber moats of the US cable operators and the stocks are down 30% from ATH valuations...we remain...

Aaron Gabin

Verizon vs. T-Mobile - Which Telecom Major Has Better Prospects (12/2021)

The 5G battle in the U.S. saw T-Mobile rise to the forefront, particularly after its acquisition of Sprint. Both these telecom majors are heavy on...

Baptista Research

Verizon: It's Darkest Before The Dawn

The highly exuberant equity markets in 2021 created the perfect environment for high quality value stocks in the coming years. Significant...

Vladimir Dimitrov, CFA

Stock Ideas from Data Mining Technical Publications: A Look at 5G

5G connectivity is expected to spawn new business and services across sectors. We review the technological positioning of companies competing in...

Pyari Menon

T-Mobile US Inc. - Investment Thesis

T-Mobile delivered a decent result in the third quarter and its stock price has been following a downward trajectory off late after the management...

Baptista Research

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