Independent Equity Research

Independent, buy-side, long-term (ten year), fundamental equity analysis; and most of all, unbiased, objective & critical thinking; used for:

  • Stock picking
  • Tracking company performance
  • Background company research

Research coverage is specialized in large US TMT stocks. 

Our top picks:  Google, eBay & Verizon.   Our top shorts:  Amazon, IBM, Intel & Microsoft.

We provide three types of reports on each company:

Button SnapshotButton OverviewButton Profile

Indigo Equity Reports are aslo distributed on Reuters, Capital IQ, FactSet, Factiva and Bloomberg.

Our research reports are used by hedge funds, asset managers, private bankers, retail clients ....

Click here to read more on why Indigo is unique ...

 

Our analysis is unique as it provides 10 year financial analysis of quarterly results & industry analysis; as well as investment thesis & SWOT analysis, key industry themes, business model, strategy, management, Board, significant recent events ... See About Us. 

Being independent, our views are frequently contrarian.  

In addition, an objective of Indigo reports is to save investors the time & effort of doing the research & analysis themselves; such as reading the Annual Report, SEC reports (10-Q, 10-K), company presentations ....  

Indigo is a member of Euro IRP (Independent Research Providers) and is regulated by the UK FCA. 

Indigo typically updates its equity research after the release of updated Q financial results by companies covered.

Indigo's track record

 

We display our past research reports on the individual company pages so you can see our track record.  See also Indigo in the news.

Click here to read more on our track record over the last two years  ...


Technology stocks

    
Amazon - Turned negative on Amazon in Q3 2012; expected earnings to remain elusive.   Apple - Very positive on Apple, as one of our 'top picks', until Q4 2012 results were released in Oct 2012 - see "The end of out-performance".  At this point the share price had fallen to $604 from from over $700.  Turned negative thereafter.  (see share price targets)
Cisco - Neutral on Cisco since Q4 2012 (July 2012). Forecast only a modest upside potential. Turned more positive in Q1 2013.    
  Dell -  Consistently negative on Dell since end 2011. Did not anticipate a take-over proposal.
eBay - Strongly positive since Q1 2012; it has been one of our 'top picks'.      (see share price targets)   Ericsson - Recommenced coverage at Q1 2013, with a neutral view of Ericsson, with just a small upside potential.
Facebook - We were strongly negative at IPO in May 2012 with $14 fundamental valuation (v. $38 IPO share price); see "Yahoo! in disguise". We turned positive after Q3 2012 results - see "Starting to look good" - with a $24.8 fundamnetal valuation; following the upturn in mobile revenues.   Google - Strongly positive since end 2011; it has been one of our 'top picks'.
HP  -  consistently negative on HP's fundamentals for over 2 years. Made a positive  trading call at Q3 2012 results (Nov 2012) when the share price hit $12, "A train wreck. Time to buy?" after which the share price rebounded to over $20.    IBM - Positive view until Q4 2012; when we correctly warned that IBM was "Heading for a fall" when the share price was at $196. IBM's Q1 2013 results were a big disappointment.
Intel - Positive opinion until Q4 2012; when we correctly warned that Intel was facing "An impending profit crisis" when the share price was at $21.3. Intel's Q1 2013 results disappointed.   Microsoft - Consistently negative on Microsoft since end 2011.
Nokia - Consistently negative on Nokia since end 2011.   Oracle - Neutral on Oracle since Q4 2012 (May 2012); turned negative after Q3 2013 results (Jan 2013).
Priceline - Positive view on Priceline.   Yahoo! - Consistently negative on Yahoo! since end 2011. All the value is in Alibaba and Yahoo! Japan.

Media stocks

    
News Corp - Recommenced coverage at end 2012 with a neutral view of NWS, with just a small upside potential.
  Time Warner - Recommenced coverage at end 2012 with a neutral view of TWX, with just a small upside potential.
Walt Disney - Recommenced coverage at end 2012 with a neutral view of Disney, with just a small upside potential.    

Telecoms Stocks

    
AT&T - Neutral on AT&T since Q3 2012, expecting the share price to move sideways.   Sprint Nextel - Neutral on Sprint since Q2 2012, expected the share price to move sideways. Didn't anticpate a take-over offer from Dish or Softbank. 
Verizon - Positive view on Verizon since Q2 1012. It's the best of the US telcos.    

 

 

If you are skeptical that these recommendations listed above are correct & accurate, our past reports can also be found on Reuters, Capital IQ, FactSet, Factiva and Bloomberg.

Our objective is not only to make good calls, but to accurately describe each company's risk profile, fundamentals ad basis for our recommendations.