In form, ADS is a bank. In function, it is a loyalty company that helps retailers drive customer engagement and top-line growth. The Citron short report from Aug. 2016 fails to recognize this distinction, essentially arguing that because ADS’ private label business literally makes money like a bank, it should trade like one. But it […]
Tag Archives: ADS
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Building materials: part 2a (LPX, JHX)
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Many of the companies I discuss on this blog are not just good businesses, but [...]
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[MKTX] MarketAxess
I first wrote about fixed income trading platforms in 2020. To recap: this market has [...]
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