TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

I have over 20 years’ experience investing in the TMT and Consumer sectors, almost entirely on the buyside. Started at Bernstein covering software in 2001, moved to the buyside at Government of Singapore Investment Corporation (GIC) in 2003, covering hardware, software, and media. 

After getting an MBA at NYU in 2008 and a CFA, I spent 8 years at Coburn Ventures (a market neutral TMT/Consumer hedge fund). In 2015, I joined Deimos Asset Management, a low net multi-strat, where I managed a  TMT/Consumer portfolio.

I've spent the past few years at Obex Capital Management providing independent investment research to TMT and Consumer investors.

TMT & Consumer Independent Equity Research Analyst

Disney 4Q2022: Cord Cutting Exacerbating DTC Losses

TMT Quick Hits: DIS/Cricket Rights, GOOGL/TTD/EU

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>Activist Dan Loeb recently backed down from his request that Disney spin out ESPN...something we thought was foolish, and glad is off the table. </li>
<li>Disney is still trapped by the "rock and the hard place" choice of trading higher margin cable subscribers for lower margin (higher churning) streaming subs.</li>
<li>Bob Chapek is a poor choice for Disney CEO...not alot of good options. This company is strategically boxed in. Parks's overearning will dissipate, will be a good short next year. </li>
</ul>


Activist Dan Loeb recently backed down from his request that Disney spin out ESPN...something we thought was foolish, and glad is off the table. 
Disney is still trapped by the "rock and the hard place" choice of trading higher margin cable subscribers for lower margin (higher churning) streaming subs.
Bob Chapek is a poor choice for Disney CEO...not alot of good options. This company is strategically boxed in. Parks's overearning will dissipate, will be a good short next year. 


Loeb Backed Down Quickly…But Is Disney Really in Good Shape?

The Walt Disney Co

Loeb Backed Down Quickly…But Is Disney Really in Good Shape?