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 Bottom-Up

<ul><li>Atkore Inc.'s fourth-quarter fiscal 2025 earnings report reveals a complex business environment characterized by strategic transitions and restructuring aimed at enhancing shareholder value.</li><li>The company's management outlined key actions, including the consideration of selling or merging the entire company, divesting its HDPE business, and closing three manufacturing facilities.</li><li>These moves are intended to sharpen the focus on Atkore's core electrical infrastructure portfolio and improve the long-term financial outlook.</li></ul>

Atkore Inc.'s fourth-quarter fiscal 2025 earnings report reveals a complex business environment characterized by strategic transitions and restructuring aimed at enhancing shareholder value.The company's management outlined key actions, including the consideration of selling or merging the entire company, divesting its HDPE business, and closing three manufacturing facilities.These moves are intended to sharpen the focus on Atkore's core electrical infrastructure portfolio and improve the long-term financial outlook.

Atkore: Why Is the Board Exploring “Strategic Alternatives” Now—Sale, Split, or Something Bigger?

<ul><li>Atkore Inc., a leading manufacturer in electrical infrastructure, is under fresh scrutiny after activist investor Irenic Capital Management disclosed a 2.5% stake and began pressuring the company to explore a sale.</li><li>The news, first reported by Bloomberg, triggered a 2.2% rise in Atkore's stock price and follows the company's own announcement that it is evaluating strategic alternatives with the help of Citi.</li><li>While no formal process has been confirmed, market speculation has intensified around a possible leveraged buyout or private equity-led acquisition.</li></ul>

Atkore Inc., a leading manufacturer in electrical infrastructure, is under fresh scrutiny after activist investor Irenic Capital Management disclosed a 2.5% stake and began pressuring the company to explore a sale.The news, first reported by Bloomberg, triggered a 2.2% rise in Atkore's stock price and follows the company's own announcement that it is evaluating strategic alternatives with the help of Citi.While no formal process has been confirmed, market speculation has intensified around a possible leveraged buyout or private equity-led acquisition.

Atkore Activist Drama: Irenic Pushes For Sale Amid CEO Retirement!

<ul><li>Atkore International Group Inc. reported its fiscal 2025 second-quarter results, highlighting a mixed performance influenced by various market dynamics and strategic decisions.</li><li>The company achieved net sales of $702 million, marking a 5% organic volume growth driven by solid contributions from construction services, steel conduit, metal framing, and cable management products.</li><li>Adjusted EBITDA came in at $116 million with an adjusted EPS of $2.04.</li></ul>

Atkore International Group Inc. reported its fiscal 2025 second-quarter results, highlighting a mixed performance influenced by various market dynamics and strategic decisions.The company achieved net sales of $702 million, marking a 5% organic volume growth driven by solid contributions from construction services, steel conduit, metal framing, and cable management products.Adjusted EBITDA came in at $116 million with an adjusted EPS of $2.04.

Atkore Inc.: A Diverse Portfolio in Electrical Infrastructure Solidifying Its Long-Term Market Relevance!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Dow Jones Industrial Average / Technical Analysis

Dow Jones Industrial Average (INDU INDEX)

<ul>
<li>The S&amp;P 500 has marginally surpassed the 4300-4325 area which we have anticipated would cap upside for 2023. </li>
<li>As noted in our 6/6/23 Compass, we are vigilant at these levels given we expect inflation to remain elevated, but we <em><strong>cannot be bearish</strong></em>if the SPX is above 4165-4200</li>
<li>Breadth has continued to improve within the Russell 2000, and the $IWM is approaching our first target of $190 following the breakout above $180. Also see breadth improving within SPX.</li>
</ul>


The S&amp;P 500 has marginally surpassed the 4300-4325 area which we have anticipated would cap upside for 2023. 
As noted in our 6/6/23 Compass, we are vigilant at these levels given we expect inflation to remain elevated, but we cannot be bearishif the SPX is above 4165-4200
Breadth has continued to improve within the Russell 2000, and the $IWM is approaching our first target of $190 following the breakout above $180. Also see breadth improving within SPX.


Dow Testing 1-Year Resistance at 34,280 Ahead of FOMC; Buy Ideas Within Manufacturing/Industrials

<ul><li>Atkore International Group's first quarter fiscal year 2025 results were broadly aligned with expectations, but there are notable challenges and developments within the company that are influencing its forward-looking guidance.</li><li>The company reported net sales of $662 million and adjusted EBITDA of $99 million, both within the anticipated range.</li><li>Adjusted EPS was also near the high end of the forecast at $1.63, despite a 5% decline in organic volume compared to a strong prior-year quarter.</li></ul>

Atkore International Group's first quarter fiscal year 2025 results were broadly aligned with expectations, but there are notable challenges and developments within the company that are influencing its forward-looking guidance.The company reported net sales of $662 million and adjusted EBITDA of $99 million, both within the anticipated range.Adjusted EPS was also near the high end of the forecast at $1.63, despite a 5% decline in organic volume compared to a strong prior-year quarter.

Atkore’s Import Defense Plan Could Protect Margins — A Smart BUY Opportunity?

United States

Atkore Inc. manufactures and supplies metal products and electrical raceway solutions. The Company offers steel tubes and pipes, electrical conduit, armored wire and cable, cable trays, metal framing systems, and building components. Atkore International Group serves customers globally.

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Atkore Inc (ATKR US)

Atkore: Why Is the Board Exploring “Strategic Alternatives” Now—Sale, Split, or Something Bigger?

Atkore Inc.'s fourth-quarter fiscal 2025 earnings report reveals a complex business environment characterized by strategic transitions and...

Baptista Research

Atkore Activist Drama: Irenic Pushes For Sale Amid CEO Retirement!

Atkore Inc., a leading manufacturer in electrical infrastructure, is under fresh scrutiny after activist investor Irenic Capital Management...

Baptista Research

Atkore Inc.: A Diverse Portfolio in Electrical Infrastructure Solidifying Its Long-Term Market Relevance!

Atkore International Group Inc. reported its fiscal 2025 second-quarter results, highlighting a mixed performance influenced by various market...

Baptista Research

Dow Testing 1-Year Resistance at 34,280 Ahead of FOMC; Buy Ideas Within Manufacturing/Industrials

Dow $DJI Testing 1-Year Resistance at 34,280 ahead of FOMC. Breadth continues to improve within the Russell 2000 $IWM, and breadth improving within...

Vermilion Research

Atkore’s Import Defense Plan Could Protect Margins — A Smart BUY Opportunity?

Atkore International Group's first quarter fiscal year 2025 results were broadly aligned with expectations, but there are notable challenges and...

Baptista Research

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