In this installment of "In The Arena," host Daryl Jones is joined by decorated industry veteran Howard Penney. As Hedgeye's Restaurants, Consumer Staples and Cannabis Sector Head, Howard had lots to share about the industry's evolution and his career as a stock analyst.
Howard discusses his almost 15-year tenure at Morgan Stanley, his decision to move to Hedgeye, and some of his hardest and best stock calls. He also shares an inside look at covering the cannabis industry and much more.
Below is a look at how Howard views his relationship with management teams and why talking to them is essentially useless.
Daryl - "Those sound both like instances where management effectively misled you? I think 100% more than a effectively, they did."
Howard and his teammate Shayne Laidlaw recently extended coverage into the Cannabis sector below is a sneak peak at his initial thoughts - listen to the full episode to hear what he thinks the next big wave in the sector will be.
Howard - "Frankly, it was amazing to see the passion for the people in the Industry today. You know, thousands of people, tens of thousands of people, frankly, building companies that are effectively in prohibition."
Keep your eyes (and ears) open as we release a new "In the Arena" podcast every other Tuesday morning.