TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

I have over 20 years’ experience investing in the TMT and Consumer sectors, almost entirely on the buyside. Started at Bernstein covering software in 2001, moved to the buyside at Government of Singapore Investment Corporation (GIC) in 2003, covering hardware, software, and media. 

After getting an MBA at NYU in 2008 and a CFA, I spent 8 years at Coburn Ventures (a market neutral TMT/Consumer hedge fund). In 2015, I joined Deimos Asset Management, a low net multi-strat, where I managed a  TMT/Consumer portfolio.

I've spent the past few years at Obex Capital Management providing independent investment research to TMT and Consumer investors.

TMT & Consumer Independent Equity Research Analyst

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Facebook 2Q21: “Significant Deceleration?” Cmon.

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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

Meta Platforms (Facebook) / Equity Bottom-Up

<ul>
<li>5 Issues: Tough Comps, Supply Chain Disruptions, Reels MixShift, Apple IDFA, and TikTok...thats alot of issues</li>
<li>TikTok is pressuring engagement and Google is taking Facebook's advertising revenues.</li>
<li>Strong management team with history of executing at a trough valuation provides a good entry point. But may make more sense to just buy Google.</li>
</ul>


5 Issues: Tough Comps, Supply Chain Disruptions, Reels MixShift, Apple IDFA, and TikTok...thats alot of issues
TikTok is pressuring engagement and Google is taking Facebook's advertising revenues.
Strong management team with history of executing at a trough valuation provides a good entry point. But may make more sense to just buy Google.


Facebook 4Q21: Trending on TikTok ‘How to Lose $200B in Market Cap’