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

Intel. Will A Return To A Grovian, Maniacal Execution Style Save The Day?

Intel. Reaching A $1 Trillion Market Cap In Five Years Depends On Three Key Strategies

Intel Reveals Plan to Restore Process Leadership

Intel. How Did We Get Here And Where Are We Going?

Intel Beware ! The Vultures Are Circling.

Intel CEO Change Brings Focus Back to Technology

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<p>SmartKarma Insight Providers Jim Handey and Will Keating have done excellent work detailing the Intel backstory, and outlining the current problems, I wanted to highlight the difficulty of the decisions facing Gelsinger, and the fact that while he has time to execute (his pay package will pay him  &gt;$100M if Intel’s stock is up 200% in 5 years), he doesn’t have the best track record as a CEO. We think a split up of Intel with the US government helping to fund manufacturing may be the best option for Intel. </p><div class="content-highlight"><p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.</p></div>

SmartKarma Insight Providers Jim Handey and Will Keating have done excellent work detailing the Intel backstory, and outlining the current problems, I wanted to highlight the difficulty of the decisions facing Gelsinger, and the fact that while he has time to execute (his pay package will pay him  &gt;$100M if Intel’s stock is up 200% in 5 years), he doesn’t have the best track record as a CEO. We think a split up of Intel with the US government helping to fund manufacturing may be the best option for Intel. Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.

Taiwan Semiconductor (TSMC) - ADR (TSM US)

Intel: Are We Sure Gelsinger Is the Best Choice? Maybe Its Time for a Government Bailout.

Intel Corp

Intel: Are We Sure Gelsinger Is the Best Choice? Maybe Its Time for a Government Bailout.