Epstein Secrets

n Investment Analyst at Hutchin Hill Capital, a multi-strategy hedge fund, where he focused on the Consumer sector. From 2014-2017 Andrew worked in Morgan Stanley's Equity Research division, serving as a Vice President on the Institutional Investor-ranked Food Retail team. From 2012-2014 Andrew was an Associate

. There can be no guarantee that Honeycomb's investment process will be successful. I."---..--- HONEYCOMB ASSET MANAGEMENT LP 12 EFTA00803502 Price Target and Risk/Reward Discipline When do we initiate a position? • Risk/reward target should be better than 2:1 • Attractive price target/expected retu

ny generates earnings. Disclosure Section The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC. and/or Morgan Stanley MIR S.A.. C M and/or Morgan Stanley Mexico. Casa de Bolsa. S.A. de V.. ' gan Stanley Canada Limited. used in this disclosure sec ion, Morgan Stan

rope • MSCI Europe: Japan - TOPIX: Asia - relevant MSC country index or MSCI sub-regional index or MSCI AC Asia Pacific ex Japan Index. Stock Price. Price Target and Rating History (See Rating Definitions) 11 EFTA00598632 Morgan Stanley MORGAN STANLEY RESEARCH 120 110 100 90 80 70 60 SO 40 30 2

ny generates earnings. Disclosure Section The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC. and/or Morgan Stanley MIR S.A.. and/or Morgan Stanley Mexico. Casa de Boise. S.A. de C.V.. ' gan Stanley Canada Limited. As used in this disclosure sec ion, Morgan Stanle

rope • MSCI Europe: Japan - TOPIX: Asia - relevant MSC country index or MSCI sub-regional index or MSCI AC Asia Pacific ex Japan Index. Stock Price. Price Target and Rating History (See Rating Definitions) 10 EFTA00598616 Morgan Stanley MORGAN STANLEY RESEARCH son 150 100 350 300 260 200 150 100