Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>Our monthly WTR restaurant and retail report focuses on stock performance, short interest, an outlook for restaurant commodity costs, interesting themes, and companies in focus.</li><li>In this note, we highlight Texas Roadhouse (TXRH) given the 16% pullback in the stock since July and industry-leading traffic trends that are likely to continue over the foreseeable future</li><li>Restaurants perform in line and retailers underperform indexes MTD.</li></ul>

Our monthly WTR restaurant and retail report focuses on stock performance, short interest, an outlook for restaurant commodity costs, interesting themes, and companies in focus.In this note, we highlight Texas Roadhouse (TXRH) given the 16% pullback in the stock since July and industry-leading traffic trends that are likely to continue over the foreseeable futureRestaurants perform in line and retailers underperform indexes MTD.

Restaurant & Retail Roundup - Highlighting Texas Roadhouse (TXRH)