QUICK BLURBS [KBH, LEN]

(1,933 words) 9/21/2016: KBH (Earnings Call) Low rates + expanding credit + low existing home inventory + home starts below normalized levels = steady housing market recovery. Improving asset efficiency and producing higher returns is a key area of focus, and so, the co. is continuing to reactivate idle communities – much of the co.’s inactive […]
To access this content, you must purchase a subscription, or log in if you are a subscriber.

QUICK BLURBS [ANTM, CVS, ESRX]

(2,249 words) 9/13/2016: ANTM (MS Global Healthcare Conference) ANTM is actively preparing for litigation w/ the DoJ, which has blocked its acquisition of CI.  The trial begins Nov. 21 and is expected to last through December, with a decision coming sometime mid-Jan.  Two year synergies / accretion target still achievable, but will obviously be pushed back […]
To access this content, you must purchase a subscription, or log in if you are a subscriber.

QUICK BLURBS [CBS, DIS, NSLN, TWX, VZ]

(4,307 words) 9/22/2016: NLSN (GS Communacopia Conference) SVOD viewership has now been adopted in 52% of US households, and broadcasters and studios who are licensing that content want viewership benchmarks, so they can compare engagement vs. traditional MVPD and better gauge pricing for that licensing that content.  Netflix refuses to place Nielsen watermarks on its […]
To access this content, you must purchase a subscription, or log in if you are a subscriber.

QUICK BLURBS [CHTR, CMCSA, VZ]

(2,683 words) 9/21/2016: CHTR (GS Communacopia Conference) The big upside from the Time Warner Cable / Bright House acquisition that just closed 4 months ago comes from execution strategy.  CHTR is rolling out new pricing and packaging – has gotten Bright House systems on legacy Charter’s corporate systems and TWC will be on it in […]
To access this content, you must purchase a subscription, or log in if you are a subscriber.

QUICK BLURBS [BDN, CBG, SLG]

9/13/2016: BDN (B of A Global Real Estate Conference) [From the BDN website: “Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets.”] While BDN has its roots as a suburban REIT, over the last several years it has […]
To access this content, you must purchase a subscription, or log in if you are a subscriber.

Quick Blurbs [Bank of America, Blackstone, JP Morgan, Oaktree, Wells Fargo]

9/13/2016: BX – Private Equity (Barclays Financial Services Conference) BX says peers are paying 25x cash flow for GDP-growth assets, reflecting an environment where people think, given low rates, you can buy any high quality asset at any multiple and generate sufficient returns (which BX doesn’t subscribe to, a new “core” vehicle launch designed to […]
To access this content, you must purchase a subscription, or log in if you are a subscriber.

Quick Blurbs [Cigna, CVS Health, Express Scripts]

9/14/2016: CI (MS Global Healthcare Conference) Over a year ago, the co. announced its intent to combine w/ ANTM (combining complementary capabilities), but DoJ is trying to foil this plan.  If the acquisition doesn’t go through, the co. will focus on improving performance at its underperforming group insurance business and deploying significant amounts of capital […]
To access this content, you must purchase a subscription, or log in if you are a subscriber.