ResearchThree Things (11/14)

Three Things (11/14)

Nov 14, 2022

“In every business, in every industry, management does matter.” - Michael Eisner


1) Big Names Ensnared in FTX Fiasco: FTX's collapse hasn't only rattled the crypto markets, but prominent investment players are caught in the whirlwind. Tiger Global, Third Point, Altimeter Capital, and Millenium Management are among some of the institutional investors caught in FTX's demise. FTX, once valued at $32 billion, fell to zero after a liquidity crunch brought the crypto exchange to its knees earlier last week.

Titan's Takeaway: FTX's collapse shows that even the top capital allocators were caught forsaking proper diligence for fear of missing out on the next great startup. It's easy to get caught up in the moment when the winds are at your back, and the economy is booming, but when the winds shift, even "sure-bets" can be reassessed and, occasionally, schemes exposed.

2) Estee Lauder Nears Deal for Tom Ford: The makeup and cosmetic brand is said to be closing in on an agreement to acquire the luxury fashion house Tom Ford for $2.8 billion. Tom Ford's namesake firm spans luxury products ranging from menswear, eyewear, beauty, and fragrance. He started the firm in 2005 after leading Gucci as a creative director in the 1990s.

Titan's Takeaway: The transaction and global M&A market have slowed as rising interest rates are making companies postpone strategic plans. However, the exclusive deal shows the resilience and strength of the luxury fashion industry, even in the face of inflation and rising rates.

3) Disney Plans Job Cuts: The Mickey Mouse House is looking to reduce costs and is preparing for job cuts, according to a leaked memo from the CEO. The job cuts come after Disney reported mixed earnings for showing growth in its streaming units but losses in the division climbing to $1.5 billion in the quarter, sending its stock plunging. 

Titan's Takeaway: While Disney's shift to streaming continues to be costly, we remain confident that Bob Chapek's goal of profitability for the services is well within reason. Looking for efficiencies in overhead may be painful but imperative as the company tightens its belt.

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

InstagramTwitterYoutubeLinkedIn

© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.