Writing about High Quality Companies, Enlightened Capital

Enlightened Capital

Writing about High Quality Companies

I have more than 8 years of investing experience across Equities and Fixed Income (Investment Grade/High Yield). I have largely focused on Financials, Energy, and Utilities professionally, but I am interested in exploring new sectors to find attractive opportunities. Right now, the Payments sector is occupying much of my time.

Equity Bottom-Up

<ul><li>Summary: Resilience and Growth Through Turmoil, Asymmetric Opportunity Today</li><li>Target TGT 4.54%↑ has been a highly controversial retailer for years.</li><li>Recall that in 2007, Bill Ackman’s Pershing Square invested in the business, ultimately building a 10% stake and launching an activist campaign to get on the board and force a sale-leaseback of Target’s extraordinarily valuable real estate.</li></ul>

Summary: Resilience and Growth Through Turmoil, Asymmetric Opportunity TodayTarget TGT 4.54%↑ has been a highly controversial retailer for years.Recall that in 2007, Bill Ackman’s Pershing Square invested in the business, ultimately building a 10% stake and launching an activist campaign to get on the board and force a sale-leaseback of Target’s extraordinarily valuable real estate.

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>Target saw an improvement in its overall market share across all five of its main merchandising categories and surpassed Wall Street expectations in terms of revenues.</li><li>High single-digit growth was seen in the beauty sector, with Ulta Beauty at Target, skincare, and bath showing particular strength.</li><li>We remain optimistic about their future growth perspective and give a ‘Hold’ rating with a revised target price.</li></ul>

Target saw an improvement in its overall market share across all five of its main merchandising categories and surpassed Wall Street expectations in terms of revenues.High single-digit growth was seen in the beauty sector, with Ulta Beauty at Target, skincare, and bath showing particular strength.We remain optimistic about their future growth perspective and give a ‘Hold’ rating with a revised target price.

Target Corp: New Private Labels & Other Drivers

SPAC Deep Dive, subSPAC

subSPAC

SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

<ul><li>In an interesting turn of things, a leaked internal memo from Amazon dated back to the mid of 2021 showed that the company could run out of warehouse workers by 2024.</li><li>Amazon, along with Walmart and Target, continues to suffer from high staff turnover across logistics &amp; warehousing (the industry average stands at 49%, but is higher at the big three).</li><li>This has resulted in companies offering incentives, wage increases, and flexible working hours to retain top talent, with margins shrinking as a result.</li></ul>

In an interesting turn of things, a leaked internal memo from Amazon dated back to the mid of 2021 showed that the company could run out of warehouse workers by 2024.Amazon, along with Walmart and Target, continues to suffer from high staff turnover across logistics &amp; warehousing (the industry average stands at 49%, but is higher at the big three).This has resulted in companies offering incentives, wage increases, and flexible working hours to retain top talent, with margins shrinking as a result.

Equity Capital Markets

<ul><li>Target delivered a mixed result to start the new fiscal year with revenues outperforming Wall Street expectations but earnings ending up being significantly below par.</li><li>Inflation has played spoilsport and unusually high costs hampered the company’s growth, resulting in profitability well below what the management expected and where it expects to operate in the future.</li><li>The partnership's results have exceeded the management's expectations, resulting in increased productivity and sales in both the beauty section and adjacent categories in the store where Ulta Beauty has been added.</li></ul>

Target delivered a mixed result to start the new fiscal year with revenues outperforming Wall Street expectations but earnings ending up being significantly below par.Inflation has played spoilsport and unusually high costs hampered the company’s growth, resulting in profitability well below what the management expected and where it expects to operate in the future.The partnership's results have exceeded the management's expectations, resulting in increased productivity and sales in both the beauty section and adjacent categories in the store where Ulta Beauty has been added.

Target Corporation: Expansion of Partnerships & Key Drivers

Stock Market News, Outlooks, and Top Picks, Cappuccino Finance

Cappuccino Finance

Stock Market News, Outlooks, and Top Picks

Cappuccino Finance, provides Financial vignettes for your cappuccino break!

Fun & informational articles to read in 10 min or less.

<ul><li>In the past couple of weeks, big box retail stocks got hammered. The largest retailer Walmart missed EPS expectations by a large margin</li><li>The results certainly caught investors and analysts by surprise, and it seemed like their management was surprised too</li><li>Some item sales (grills, plants, and pool chemicals) were impacted by weather, and high inflation was causing consumers to buy cheaper goods</li></ul>

In the past couple of weeks, big box retail stocks got hammered. The largest retailer Walmart missed EPS expectations by a large marginThe results certainly caught investors and analysts by surprise, and it seemed like their management was surprised tooSome item sales (grills, plants, and pool chemicals) were impacted by weather, and high inflation was causing consumers to buy cheaper goods

Target Vs. Walmart: Which One Is Better Buy?

United States

Target Corporation operates general merchandise discount stores. The Company focuses on merchandising operations which includes general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards.

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Target Corp (TGT US)

Tarjay: Legendary Retailer on Markdown

Summary: Resilience and Growth Through Turmoil, Asymmetric Opportunity TodayTarget TGT 4.54%↑ has been a highly controversial retailer for years.

Enlightened Capital

Target Corp: New Private Labels & Other Drivers

Target saw an improvement in its overall market share across all five of its main merchandising categories and surpassed Wall Street expectations...

Baptista Research

Fixing the Supply Chain

In an interesting turn of things, a leaked internal memo from Amazon dated back to the mid of 2021 showed that the company could run out of...

subSPAC

Target Corporation: Expansion of Partnerships & Key Drivers

Target delivered a mixed result to start the new fiscal year with revenues outperforming Wall Street expectations but earnings ending up being...

Baptista Research

Target Vs. Walmart: Which One Is Better Buy?

In the past couple of weeks, big box retail stocks got hammered. The largest retailer Walmart missed EPS expectations by a large margin

Cappuccino Finance

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