Fred McClimans

Partner, Head of Equity Research at Samadhi Partners
Contributor's Links: Samadhi Partners

Samadhi Partners offers highly differentiated, tech-sector focused equity research to help generalist institutional investors compete with tech sector specialists and give tech sector specialists an iconoclastic perspective. Samadhi Partners is an affiliate of Samadhi Capital Partners, which ... more

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EC Ransomware: Should WannaCry Make You Wanna Buy Cyber Equities?
Thursday, May 18, 2017 12:23 PM EDT
The WannaCry ransomware attack impacted 200,000+ users across 150 countries. This attack, which we timeline, is unique, precedent-setting, and may have short-term potential for selected cybersecurity equities. It also raises a few questions...
In this article: BA.L, ACN, IBM, IMPV, UIS, WIT, FTNT, CSCO, CTSH, INFY, SYMC, PFPT, BBRY, PANW, FEYE, CUDA, CYBR, RPD, MIME, RTNB, SCWX
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Apple's 2Q 2017: Declining Sales Vs. Operational EPS
Thursday, May 4, 2017 4:50 AM EDT
Apple released 2Q FY2017 earnings that were a slight disappoint, but it overperformed on EPS and has cash and an annual dividend near the GDP of Iceland. We highlight five pro and five con positions on Apple's earnings.
In this article: AAPL Also: QCOM
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EC 3 Keys To Twitter's Turnaround
Tuesday, May 2, 2017 1:28 PM EDT
Twitter's sharp drop in per-user revenue is as concerning as its uptick in Daily Average Users is compelling. Here are 3 keys to Twitter increasing its revenue (and M&A potential).
In this article: TWTR Also: FB
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Breaking Down IBM's Blockchain; Amazon's Alexa; Facebook's Building 8
Thursday, March 23, 2017 4:20 PM EDT
While blockchain is still very early in the development/adoption cycle, we believe it holds considerable transformative and disruptive potential well beyond its role. Facebook will not be Facebook in three years, that much is clear.
In this article: AMZN, GOOG, INTC, MU, NVDA, FB, TRIP Also: SSNLF, PCAR
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Bizarro World: Upgrading Snap And Downgrading Alphabet
Thursday, March 23, 2017 1:44 PM EDT
Upgrading Snapchat's SNAP while Downgrading Google's Alphabet doesn't make sense (yet). We welcome you to the Bizarro Superman edition of the Samadhi Brief, where we break down a few choice tech sector coverage updates.
In this article: TRLEAM, NOK, GOOG, SNAP, GOOGL Also: , HSBC, HMC, IBM, MDC, T, TM, VZ, MAKSY, ADBE, MSFT, ALRM, BABA, FB, TWTR, TEAM, LRCX, HVSYY
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Oracle's House Of Cards In The Cloud: Dissecting Q3 2017 Results
Friday, March 17, 2017 11:53 AM EDT
Oracle announced 3Q FY17 results, beating consensus on the bottom but missing on the top. On-premise revenue declined 2.7% y/y and significant portion of Oracle's cloud growth was likely the result of its NetSuite deal. We reiterate: long-term short.
In this article: ORCL
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Latest Comments
3 Keys To Twitter's Turnaround
1 month ago

Thanks, Kurt. I'm a bit wary as well, but view the Bloomberg deal (and others) as a sign the team is at least gaining a bit of focus in the right direction. If Twitter can conquer the channelization and video aspects, I would expect the user activity gains to follow (assuming bots & trolls are addressed). It is a big change, but at this point, I believe there are not many other viable options left.

In this article: TWTR
TweetDeck Can't Cure Twitter's Zero Growth Problem
2 months ago

Thanks, Kurt - I appreciate the feedback! Twitter is one of those companies/equities that has had tremendous potential. As a user, I rely upon it every day. As an investment, however...

In this article: TWTR
8 Reasons Why We're Not Snapping Snap's IPO
3 months ago

Harry, thank you for the feedback! This is the only IPO of its kind that I'm aware of with zero voting rights for shareholders. The closest in this sector is the split between GOOG and GOOGL, but even that is not so close.

While this insulates SNAP from activist shareholders or potential takeover/acquisition movement, it could punish investors and limit institutional and index appeal.

While this alone would not stop us from adding SNAP to our Samadhi Capital client portfolios, it does make that investment case all the more difficult.

In this article: CMCSA, SNAP, FB, TWTR
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STOCKS I FOLLOW

AAPL Apple Inc.
AMZN Amazon.com Inc.
DDD 3D Systems Corporation
FB Facebook Inc
IMPV Imperva Inc.
MOBL MobileIron Inc.
NEWR New Relic Inc.
ORCL Oracle Corporation
SNAP Snap Inc.
TEAM Atlassian Corporation Plc
TRIP TripAdvisor Inc
ZEN Zendesk, Inc.
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Fred McClimans Commented on 3 Keys To Twitter's Turnaround:

Thanks, Kurt. I'm a bit wary as well, but view the Bloomberg deal (and others) as a sign the team is at least gaining a bit of focus in the right direction. If Twitter can conquer the channelization and v...

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Fred McClimans Just liked Kurt Benson's comment on 3 Keys To Twitter's Turnaround.
Fred McClimans Just liked Samadhi Partners's article Understanding The Amazon Investment Thesis.
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Partner, Head of Research
Samadhi Research Partners
August 2016 - Present (11 months)

Samadhi Partners Equity Research (Samadhi Research Partners, LLC) is a group of leading equity and industry analysts who have joined together to deliver high quality, iconoclastic, and actionable research and analysis for their clients. The Samadhi team has over 60 years of collective research, analysis, and consulting experience in the tech sector. Specifically, in segments as diverse as network equipment, semiconductors, software, systems integration, security, telecom, and media.
EVP Strategy, Managing Director Digital Trust and Cyber Security
HfS Research
January 2015 - August 2016 (1 year 8 months)
Partner
Current Ventures (McClimans Group)
2010 - 2014 (4 years 6 months)

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