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

Snapchat Guidedown: Overdone, But Buy FB/AMZN First

Intel Analyst Day: Still a Top (Funding) Short

Paypal: Guess It Wasn’t Just a Pig Through a Python…But Is This a Compounder on Sale?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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.

Thematic (Sector/Industry)

Switzerland It / Thematic (Sector/Industry)

<ul>
<li>We like ServiceNow into earnings. Strong 4Q21 results poised to continue, positive earnings revisions and negative stock action makes this a safe large cap bet.</li>
<li>Facebook intrigues us...incredible potential risk/reward if you think this company shouldn't trade at 10x forward EV/EBITDA. Lots of fear on the name, but reacceleration of revenues and earnings coming.</li>
<li>Don't like the Paypal or Intel setups. Paypal's CFO departure signal he thinks shareholder returns will be weak in the next year or two. Believe him.</li>
</ul>


We like ServiceNow into earnings. Strong 4Q21 results poised to continue, positive earnings revisions and negative stock action makes this a safe large cap bet.
Facebook intrigues us...incredible potential risk/reward if you think this company shouldn't trade at 10x forward EV/EBITDA. Lots of fear on the name, but reacceleration of revenues and earnings coming.
Don't like the Paypal or Intel setups. Paypal's CFO departure signal he thinks shareholder returns will be weak in the next year or two. Believe him.


IT

TMT Pre-1Q Earnings Thoughts