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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Lastly, U.S. direct-to-consumer pool and spa care services company, Leslie's Inc. (LESL), declined during the quarter as weaker consumer demand and continued margin pressure weighed on operating performance. Management withdrew its...
— John W. Rogers, Jr.
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Other investors who've written on Leslie's, Inc.
The fund successfully shorted Leslie's based on a thesis that its pandemic-driven swimming pool boom and elevated chemical pricing were temporary and unsustainable. This fundamental decay,...
Mixed earnings results and increased transformation spending weighed on the stock, though top-line growth is beginning to show green shoots. The manager believes...
Leslie's Inc. detracted from performance due to mixed earnings, as top-line progress was offset by investments in its turnaround strategy. The manager remains...
More institutional theses from Ariel Fund
Zebra Technologies ($ZBRA) manufactures enterprise barcode scanners, mobile computing devices, and RFID tracking solutions that automate enterprise workflows, representing 5.0% of the portfolio. The manager maintains...
Charles River Laboratories ($CRL) provides essential preclinical laboratory testing, animal models, and drug discovery research services to biotechnology and pharmaceutical firms, accounting for 4.6% of fund assets. The manager maintains...
Midera Food Processing, Inc. ($MFP) represents 0.0% of the fund's portfolio following a complete post-spinoff liquidation to redeploy capital into higher-conviction names.