Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Equity Bottom-Up

<ul><li>Brad Jacobs' company QXO acquired Beacon Roofing for $11 billion in all cash deal</li><li>Beacon Roofing is a distributor specializing in roofing and waterproofing products.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Brad Jacobs' company QXO acquired Beacon Roofing for $11 billion in all cash dealBeacon Roofing is a distributor specializing in roofing and waterproofing products.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Why Brad Jacobs Is Spending $11 Billion on a Roofing Supply Business

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.

<ul><li>Beacon Roofing Supply Inc., a company specializing in exterior building products, shared its third-quarter 2024 financial results, providing a mixed outlook.</li><li>The results showed both strengths in business execution and areas for caution.</li><li>From a positive perspective, Beacon demonstrated resilience amid challenges, emphasizing the repair and replacement needs for weatherproofing in both residential and commercial markets, which are largely nondiscretionary and provide a stable demand base.</li></ul>

Beacon Roofing Supply Inc., a company specializing in exterior building products, shared its third-quarter 2024 financial results, providing a mixed outlook.The results showed both strengths in business execution and areas for caution.From a positive perspective, Beacon demonstrated resilience amid challenges, emphasizing the repair and replacement needs for weatherproofing in both residential and commercial markets, which are largely nondiscretionary and provide a stable demand base.

Beacon Roofing Supply: What Does QXO’s Hostile Takeover Attempt Mean For Stakeholders?

Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Index Rebalance

VanEck Gold Miners ETF/USA / Index Rebalance

<ul>
<li>Welcome to Curator’s Cut, a fortnightly roundup of standout themes from the 1,000+ insights published over the past two weeks on Smartkarma</li>
<li>In this cut, we spotlight building materials corporate actions, gold miners’ benchmark shifts, and semaglutide’s prospects in India and Japan</li>
<li>Want to dig deeper? Comment or message on the themes you think should be highlighted next</li>
</ul>


Welcome to Curator’s Cut, a fortnightly roundup of standout themes from the 1,000+ insights published over the past two weeks on Smartkarma
In this cut, we spotlight building materials corporate actions, gold miners’ benchmark shifts, and semaglutide’s prospects in India and Japan
Want to dig deeper? Comment or message on the themes you think should be highlighted next


Curator's Cut: Building Materials Moves, Benchmarking Gold Miners & Semaglutide in India and Japan

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Beacon is a top three distributor of roofing and related products, with a market capitalization of $6 billion and sales of nearly $10 billion.</li><li>The company primarily sells into the residential roofing market and focuses on repair and remodel projects, making their sales mostly non-discretionary.</li><li>Beacon faces fluctuations in results due to weather conditions, but overall benefits from being a key player in the consolidated roofing distribution industry.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Beacon is a top three distributor of roofing and related products, with a market capitalization of $6 billion and sales of nearly $10 billion.The company primarily sells into the residential roofing market and focuses on repair and remodel projects, making their sales mostly non-discretionary.Beacon faces fluctuations in results due to weather conditions, but overall benefits from being a key player in the consolidated roofing distribution industry.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Beacon Roofing Supply Inc. (BECN) - Friday, May 17, 2024

Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

Forensic Accounting

Fox Factory Holding / Forensic Accounting

<ul>
<li>This model seeks short-sale candidates among companies that use aggressive accounting and/or exhibit deteriorating quality of earnings.  </li>
<li>They are typically highly idiosyncratic shorts and require thoughtful analyses of upcoming catalysts.  When the company’s issues become well-known, there is often multiple compression as well as a rerating.</li>
<li>These shorts can have high or low betas, valuations based on artificial earnings and exhibit good short responses to subsequently disappointing earnings.</li>
</ul>


This model seeks short-sale candidates among companies that use aggressive accounting and/or exhibit deteriorating quality of earnings.  
They are typically highly idiosyncratic shorts and require thoughtful analyses of upcoming catalysts.  When the company’s issues become well-known, there is often multiple compression as well as a rerating.
These shorts can have high or low betas, valuations based on artificial earnings and exhibit good short responses to subsequently disappointing earnings.


Earnings Quality Short Candidates: Fox Factory, Beyond Meat, Coupa SW, Beacon Roofing

United States

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials in the United States and Canada.  The Company also distributes other complementary building materials, including siding, windows, specialty lumber products, and waterproofing systems, for residential and non-residential building exteriors.

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Beacon Roofing Supply (BECN US)

Why Brad Jacobs Is Spending $11 Billion on a Roofing Supply Business

Brad Jacobs' company QXO acquired Beacon Roofing for $11 billion in all cash deal Beacon Roofing is a distributor specializing in roofing and...

Odd Lots

Beacon Roofing Supply: What Does QXO’s Hostile Takeover Attempt Mean For Stakeholders?

Beacon Roofing Supply Inc., a company specializing in exterior building products, shared its third-quarter 2024 financial results, providing a...

Baptista Research

Curator's Cut: Building Materials Moves, Benchmarking Gold Miners & Semaglutide in India and Japan

This Curator's Cut profiles moves in building materials companies, gold miners' changing benchmark and semaglutide's prospects in India and Japan...

Pranav Rao

Beacon Roofing Supply Inc. (BECN) - Friday, May 17, 2024

Beacon is a top three distributor of roofing and related products, with a market capitalization of $6 billion and sales of nearly $10 billion.

Value Investors Club (VIC)

Earnings Quality Short Candidates: Fox Factory, Beyond Meat, Coupa SW, Beacon Roofing

Earnings Quality shorts lead to idiosyncratic alpha. Today, we show our model rankings and highlight Fox Factory, Beyond Meat, Coupa SW, Beacon...

Eric Fernandez, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Why Brad Jacobs Is Spending $11 Billion on a Roofing Supply Business

Brad Jacobs' company QXO acquired Beacon Roofing for $11 billion in all cash deal Beacon Roofing is a distributor specializing in roofing and...

Odd Lots

Beacon Roofing Supply: What Does QXO’s Hostile Takeover Attempt Mean For Stakeholders?

Beacon Roofing Supply Inc., a company specializing in exterior building products, shared its third-quarter 2024 financial results, providing a...

Baptista Research

Curator's Cut: Building Materials Moves, Benchmarking Gold Miners & Semaglutide in India and Japan

​This Curator's Cut profiles moves in building materials companies, gold miners' changing benchmark and semaglutide's prospects in India and Japan...

Pranav Rao

Beacon Roofing Supply Inc. (BECN) - Friday, May 17, 2024

Beacon is a top three distributor of roofing and related products, with a market capitalization of $6 billion and sales of nearly $10 billion.

Value Investors Club (VIC)

Earnings Quality Short Candidates: Fox Factory, Beyond Meat, Coupa SW, Beacon Roofing

Earnings Quality shorts lead to idiosyncratic alpha. Today, we show our model rankings and highlight Fox Factory, Beyond Meat, Coupa SW, Beacon...

Eric Fernandez, CFA

This Curator's Cut profiles moves in building materials companies, gold miners' changing benchmark and semaglutide's prospects in India and Japan...