Sample Research Reports


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Orion Engineered Carbons (Long)
  • Orion Engineered Carbons (OEC) is under earning its potential and two years of mandatory environmental cap-ex will consume nearly all of Orion’s free cash flow (equivalent to a 10-15% FCF yield) depressing investor sentiment during a recovery. Orion has the potential to improve its earnings capacity this cycle as a result of a favorable pricing cycle in rubber black, led by its US division, a recovery in extremely high margin coating applications and growth from two new specialty black facilities opening in 2021
       Stock Price at Initiation: $10/share
       Initiation Date: 8/3/2020
Red Robin (Short) 
  • Red Robin Gourmet Burgers (RRGB) is an over levered casual dining concept in a secular declining industry. The company can't grow revenue fast enough to offset the rising cost of operating leading to a structural decline in profits and cash flow
      Stock Price at Initiation: $66/share
      Initiation Date: 9/29/2017
Manitowoc (Long) 
  • Manitowoc (MTW) is a crane company going through a lean transformation led by new management. New products, improved quality,  re-gained market share and a replacement cycle will lead to improved operating and financial performance in coming years 
       Stock Price at Initiation: $24.5
       Initiation Date: 9/19/2018