Events
Majestic Research Quarterly Analyst Luncheons Q2 '09
Join us for our summer series of informative lunches, as Majestic Senior Analysts provide a forum for discussing notable trends across various sectors and the inherent investment opportunities.
Tuesday, July 7th
Matthew Jacob, Director, Senior Leisure Analyst (Airlines, Casinos,
Cruise Lines & Video Games)
Casinos: With a return to fundamentals and recent stock appreciation, as well as expectations that Vegas has hit bottom, are trends really improving? Also, an in-depth discussion on current trends and why a recovery may take longer than anticipated.
CruiseLines: As cruise ticket price discounts seem to be bottoming out, which segments of the market are performing the best? When could further recovery occur and how might this be impacted by additional capacity coming to the market?
Video Games: How are gamers’ purchasing habits changing during this economic slowdown? What are the implications of more targeted spending on new games and a migration to purchases in the used market? Which new high-profile titles will be successful?
Time: 12:00 p.m.-2:00 p.m.
Place: Del Frisco’s Steak House
1221 Avenue of the Americas (at 49th St.)
Thursday, July 9th
John Aiken, Director of Research, Senior Internet Analyst
will be providing a thorough analysis of key Internet trends, both secular and company-specific, and will offer unique insight into who is best-positioned to thrive in this challenging economy.
Time: 12:00 p.m.-2:00 p.m.
Place: Park Avenue Summer
100 East 63rd Street (between Lex. and Park)
Friday, July 10th
John Aiken, Director of Research, Senior Internet Analyst
(same agenda as above)
Time: 12:00 p.m.-2:00 p.m.
Place: Per Se
Time Warner Center - 10 Columbus Circle, 4th Floor
Friday, July 17th
Richard Klugman, Director, Consumer Technology Analyst
will offer real-time insight into the most pressing issues and trends currently facing the consumer technology space:
• Green shoots in consumer technology demand? We are seeing early indications that demand trends are improving this summer.
• Has pricing stabilized? Several categories are showing ASP stabilization, including Flat Panel TVs, Digital Cameras, and MP3 Players—in contrast to substantial price declines over the holiday season.
• Netbooks, netbooks, netbooks. What many saw as a fad has become the hottest consumer tech category that doesn’t start with an “i,” and all signs indicate continued rapid growth.
Time: 12:00 p.m.-2:00 p.m.
Place: Porter House
Time Warner Center - 10 Columbus Circle, 4th Floor
Tuesday, July 21st
John Tomlinson, Director, Senior Hardline Retail & Real Estate Analyst
will be focusing this conversation on the Hardline Retail Sector, with an emphasis on trends in consumer demand, pricing, and other relevant insights.
Auto Dealers and Auto Parts Retail Trends
• Can strength continue in the Auto Parts Retail Sector and into Q2 ’09? Will weather begin to have a more material impact this quarter? Are we at peak demand or is this trend secular?
• What is the competitive pricing situation environment across auto parts retailers?
• How have used car market demand trends picked up relative to new? Is CarMax starting to grab share again? Have older used cars continued to gain share in the retail vehicle sale market?
Other Hardline Retail Themes
• What are the latest pricing trends for PetSmart? Does its recent pricing action suggest further margin pressure relative to what was addressed during the Q2 conference call? Does promotional activity still suggest that traffic trends remain weak?
• What are pricing and promotional trends for Best Buy and Radio Shack? Does our data suggest trends remain very weak in the CE category or have we seen any improvement? Major category pricing trends for each retailer (TVs, Mobile Hand Sets).
Home Improvement Retailers
• Is Home Depot holding true to form by reducing promotional activity? What do improved homebuilding trends mean for the retailers? What do insights from our robust existing home pricing and inventory data suggest about the stability of the housing market, home prices, and buyer confidence?
Homebuilder and Existing Housing Data Themes
• What are the latest order, cancellation rate, and absorption rate trends that we have witnessed in Q2 for the builders? Has the “less bad” theme improved in Q2? Which builders are starting to show positive Y/Y trends?
• What are biggest risks that the “less bad” trend won’t continue into Q3 and Q4?
• What do recent list price trends look like in states with increased foreclosure activity relative to the national average?
Time: 12:00 p.m.-2:00 p.m.
Place: Capital Grille
120 West 51st Street
When: July 21, 2009
RSVP:
Please RSVP Brad Heritage
brad@majesticresearch.com, 646.442.6988
by Wednesday, July 15th