Himanshu Gulati
9 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Nov 11, 2021 by Himanshu Gulati · across every show →
On the record as a speaker too: Himanshu Gulati's record, appearances and statements → this page counts the times other people say the name.
Everything said about Himanshu Gulati, oldest first
Nov 11, 2021 neutral
Gulati: Reopening companies trade at enterprise values significantly above pre-COVID levels
“A lot of them are trading at a much higher enterprise value To EBITDA. Today, so a higher EV than they were pre-COVID. A lot of them are somewhere between 30 to 50% higher, which is the anticipation of stronger earnings going forward.”
Nov 11, 2021
Nov 11, 2021 positive
Nov 11, 2021 bullish
Gulati: Hospitality and entertainment post-COVID margin expansions are largely permanent
“Those companies generally were able to reduce their cost structures materially during COVID and because they had to in order to survive. Will some of those costs come back? Sure. But a lot of them are gone forever. So these companies have significantly higher …”
Nov 11, 2021 neutral
Gulati: A 90% investment win rate means you are taking improper risk
“When you're right, 90% of the time, you're probably not taking the right risk because you're very correlated or tied to the market, unless that's what you're looking to do. Our view is you need to be right a little more than 50%. I think it's in the 65 to 70% …”
Nov 11, 2021
Gulati: Antara typically holds around forty positions across longs and shorts
“So on the long side, we're going to have somewhere in the 30 to 35 names outside of maybe a distress cycle where it becomes a little more concentrated. And on the short side, it's about 10 names. So let's just call it 40 names total.”
Nov 11, 2021
Gulati: Antara avoids small positions in favor of larger structured trades
“We don't want to just put a trade on to have a one, two percent position. We'd rather size it to have a more meaningful impact, but you need to structure downside protection and have that hopefully asymmetric upside as well.”
Nov 11, 2021 negative
Nov 11, 2021 positive
Gulati: Running risk as sole decision-maker differs fundamentally from team investing
“The one thing, Perry was a team-based approach, and I do think it's important to run risk on your own, be the sole trigger puller, the portfolio manager. It's very different than running capital within a large organization, from my perspective.”