Airbnb's Network Effect Offers Investors a Unique Stay
An early look at Airbnb's market opportunity, competitive position, stewardship, and valuation ahead of its impending IPO. Airbnb's Rare Network...
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Disruption by Decentralization?
Blockchain is full of promise. Investment in the space totals billions of dollars. Large corporations, venture capital funds, and initial coin...
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U.S. Equity Strategy
We believe the intraday low of 2,532.69 made by the S&P 500 on 2/9/18 marked an important short-term bottom within the long-term advance. We...
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2018 IPO/M&A Activity Preview: Chinese Tourism Sector Should See Consolidation of Hotel Chains
The objective of this note is to identify important near-term drivers of M&A activity in China's fast-growing tourism sector. We'll also...
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Actions & Words Show Priceline-Ctrip Relationship Tipping Towards Competition, Away from Cooperation
Lost in the noise around Priceline Group Inc/The (PCLN US)'s third quarter results (pretty good) and fourth quarter guidance (not so good) is the...
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