Events
Majestic Research Quarterly Analyst Luncheons Q4 '09
When: January 13, 2010
Where: New York City, NY
Join us for our Winter series of informative lunches, as Majestic Senior Analysts provide a forum for discussing notable trends across various sectors and the inherent investment opportunities.
Wednesday, January 13th
Matthew Jacob, Director, Senior Leisure Analyst (Airlines, Casinos,
Cruise Lines, Lodging & 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, how has the opening of CityCenter impacted Las Vegas’ recovery?
Cruise Lines: As cruise ticket pricing seems to be stabilizing and even improving for some itineraries, 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?
Lodging: With signs that ADR and RevPAR trends may have bottomed, which segments of the industry are performing the best? Are we seeing a broad recovery in RevPAR trends or is it being driven more by certain segments of the industry?
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: Park Avenue Winter
100 East 63rd Street (between Lex. and Park)
Tuesday, January 19th
Tony Berkman, CEO, Director, Senior Consumer Technology Analyst
will offer real-time insight into the most pressing issues currently facing the consumer technology space and an overall look at trends we are seeing within the sector.
Topics will include: GPS devices, Apple, including global iPhone trends
and the potential margingal benefit of Korea; Netbooks, trends we’re
picking up on in wireless stores; Blu-Ray and HDTV trends including the
share of LED TVs.
Time: 12:00 p.m.-2:00 p.m.
Place: Del Frisco’s Steak House
1221 Avenue of the Americas (at 49th St.)
Wednesday, January 20th
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 2010.
Time: 12:00 p.m.-2:00 p.m.
Place: Maloney & Porcelli
37 East 50th Street (between Park and Madison)
Thursday, January 21st
John Aiken, Director of Research, Senior Internet Analyst
(same agenda as above)
Time: 12:00 p.m.-2:00 p.m.
Place: Maloney & Porcelli
37 East 50th Street (between Park and Madison)
Wednesday, February 3rd
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
• Has auto parts retail demand moderated in Q4 ’09? Are we at peak demand or is this trend secular? What role has weather played this quarter?
• What is the competitive pricing situation environment across auto parts retailers?
• How have used car industry demand trends picked up in late-model used and new during December and January? Has either CarMax and/or AutoNation appeared to have gained market share in late-model used?
• What role is product inflation playing in sales trends now compared to last year?
Other Hardline Retail Themes
• What are the latest pricing trends for PetSmart? Does its prior quarter upside to gross margin rate appear to be holding? Has discounting activity picked up at all since its hard good reset?
• What do recent pricing and promotional trends for Best Buy and Radio Shack suggest? How has the flat panel pricing environment evolved since September? How have pricing actions from Best Buy, Wal-Mart, and Amazon changed since our last update?
• Does our data suggest sales trends in CE category have bottomed? 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 over the long term? Has increase in promotional activity continued into Q4? What do improved homebuilding and existing home sales trends mean for the retailers?
• Has our data suggested any rebound in average ticket for either HD and/or LOW? 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 Q4 for builders? How has the improved absorption rate theme played out to date in Q4? What percentage of builders are showing positive Y/Y trends?
• What are the biggest risks that the strength in absorption rates won’t continue into Q1 ‘10?
• What do recent list price and inventory trends look like in states with increased foreclosure activity relative to the national average?
Time: 12:00 p.m.-2:00 p.m.
Place: Oceana
1221 Avenue of the Americas (at 49th Street)