MORAM Capital – Moving to the next stage of our journey
Today’s central publication is quite different from other Sundays. For MORAM Capital, it marks a significant milestone. It’s not just a huge quality leap in finally having a proper website or in overcoming the hurdle of, after a long time, obtaining the structure and resources needed to make all our publications available in both Spanish and English. It’s about closing the first chapter of our story, which began nearly five years ago in April 2020, and moving forward with excitement toward the next phase of our journey.
During this time, we have managed to grow from a one-person project to a team of highly qualified people with various roles that have allowed us to coordinate and lay the groundwork needed to build the resources necessary to offer independent, objective, and reliable Equity Research.
However, despite being immensely proud of the progress we’ve made, we are not satisfied with just this. We aim to keep raising the bar and expanding the scope of our analyses, offering new tools (like those we announce today and those that will come), growing the team to cover new industries and assets, and continuing with initiatives we are working on to add new segments to our company.
For us, this is just the beginning. But finally, after nearly five years and a level of effort and commitment that is hard to describe, we have finally reached the starting line of the race we dreamed of long ago.
Today, we present our new website, with the idea that it will be the reference point for our project. A site focused on analyzing companies in situations we believe to be interesting and actionable (both Long and Short) and providing ongoing follow-up for several quarters after the initial detailed analysis. A site that complements these analyses with downloadable financial models, analyses of the industries of the companies studied, macro commentary, investor tools, and educational publications applied to the real world of the markets.
Likewise, it will be the place where all our publications are available first, making it easy and direct to find everything related to any of the companies we have analyzed.
We believe the structure is quite simple, but we explain the sections below:
Equity Research – A section for company analyses, where all publications related to each company are grouped to facilitate identification. This usually consists of an initial analysis and later updates based on events or results. Likewise, we also provide weekly comments in this section on the Portfolio Management.
We took advantage of the launch to leave some articles outside the paywall.
Macro & Insights is the section where we cover macroeconomic and market developments. Here we also added sectoral analyses that we do periodically, as well as commentary on specific sectors (such as today’s on Boat Manufacturers, Wineries & Spirits, etc.)
- Macro – All analyses related to the macroeconomic environment.
- Sector Insights – Guides for understanding how different industries function, quarterly reviews of companies in a sector, earnings call comments from various companies grouped by industry.
- Market Insights – This includes “The Week in the Markets” and one-off analyses of company situations, like the analysis on Webbeds where, despite the attractive potential after a 50% drop, the company was ultimately ruled out.
MORAM Capital Investor Resources
- Data Center – A weekly update of all information related to the companies and industries we are analyzing. Currently, there is information on 121 companies, and the goal is for this number to be between 100-150 (as we will rotate industries based on perceived opportunities and for operational and manageable purposes).The Data Center provides all information related to Press Releases, Earnings Calls, Balance Sheet, Cash Flows, Income Statement, Insider Trading Data, Analyst Recommendations, Earnings expectations, Stock market performance, Valuation Metrics, historical data… plus our analysis from this information (mainly divided by sectors/industries).
- Downloadable financial models – Our financial models for the analyzed companies, including our notes, calculations, and target prices.
- Investor Tools – A section we are developing to provide subscribers with tools that ease their daily market activities. For now, we have added 10-year historical earnings call transcripts for U.S. companies and an options calculator. We aim to cover not only equity markets but also other asset classes.
- Educational – Theory (mainly CFA concepts) applied to real market cases, in addition to company valuations and other topics we consider relevant.
MORAM Capital Portfolio Management – A section where we review the status of the model portfolio each week, analyze current market conditions, and comment on opportunities we find interesting. For example, VIX calls from several weeks ago, specific put spreads, etc. We also comment on everything related to the companies in the investment universe that happened during the week.
Along with other sections that we won’t go into detail here, as they are self-explanatory, like The Week in the Markets (the first section of this publication, available on the website from Saturday evening/Sunday morning), Latest Publications, Work with Us…
Of course, if you have any questions about it, feel free to contact us. Also, we apologize for any possible typos or errors that may exist, and we’ll work to polish and eliminate them as soon as possible.
Thank you all for being with us during this time.
Best,
MORAM Capital