Epstein Secrets

ent management and horrifically bad balance sheets." all, but Vancouver, which is very hard to play publicly, is the money laundering mecca of North America. Toronto real estate is also really something. short Toronto/Canadian/ Alberta real estate through being short Home Capital Group (I CC). Last J

lly over time. Recent customer wins speak to the strength of ADS comprehensive model. For example. ADS won the contract to provide card services for Wayfair, an e-commerce retailer. Toyota. an inter- national auto manufacturer. Both clients were existing Epsilon customers and chose ADS' Card Services give

create near-term volatility in topline results; (2) Historically lumpy communications equipment spending trends; (3) Larger than expected slowdown in North America automotive unit production Company Description: Texas Instruments is a broad-based supplier of semiconductor components, ranging from digital signal

ZUS Nat Schindler NEUTRAL Activision ATVI ATVIUS Justin Post Electronic Arts EA EAUS Justin Post Quotient Technology Inc QUOT QUOT US Nat Schindler Wayfair Ww WUS Justin Post Yelp YELP YELP US Justin Post UNDERPERFORM Care.com CRCM CRCM US Justin Post Fitbit FIT FITUS Nat Schindler GoPro GPRO GPRO US Ja

competitive saga), technical challenges with Android (from Memories), and seasonality entering the summer. We model ARPU at $1.01 (down 5% q/q), with North America ARPU at $2.03 (down 7% q/q). We won't be surprised to see upside in ARPU driven by ad load growth and higher user engagement, though competitive pric

supported by our DCF analysis. BankofAmerica <2” 40 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014926 --- PAGE BREAK --- Wayfair (Neutral, $44 PO) Stock view: Timeline on profitability still an issue, but comps ease in 2Q’17 Wayfair’s two issues have been deceleration in U.S.