Lessons From the Next Generation of Moats in the Fast-Casual Restaurant Industry
On the surface, there would appear to be challenging times ahead for the restaurant industry, with year over-over traffic declines across much of...
701 Views
China's Luxury Market Shifting From Status to Consumption As China's Middle Class Expands
Despite China's risks and macroeconomic issues, we believe even small rates of growth will yield significant opportunities for luxury firms.China's...
1.7k Views
StubWorld: Toyota Industries, Macau Gaming Plays
The Offer for Toyota Industries (6201 JP) will get done. Be bullish the back end too. It is theoretically possible this could still get blocked. Be...
352 Views
Genting Malaysia (GENM MK): Offer Closes As New York Casino Licence Awarded
I have no strong opinion on GENM's back-end value, post Offer. Metrics are roughly in sync with peers. GENM is going large in NYC, and hoping for...
510 Views
StubWorld: Genting (GENT MK)'s U.S. Expansion Is A Gamble
GENT's NAV/implied stub are roughly in set up territory. But a bet on GENT, is a bet on U.S. gaming, specifically NY, wherein GENT's track record...
880 Views