Industry & Services >> Analyst Interviews >> September 20, 2019

Increased Uncertainty Causing Cutbacks in Capital Spending

Langenberg, Brian
Brian Langenberg, Principal and Strategist, of Langenberg & Company advises clients globally with a particular focus on industry, energy, resources, infrastructure and education as well as providing investment strategy to institutional investors. He appears on CNBC, Fox Business News, CNN and other media. Mr. Langenberg was first recognized by the Institutional Investor All-America Research Team in 1999, and he or his firm have earned subsequent awards in II, The Wall Street Journal and StarMine helped by research innovations including the seminal Multi-Industry Greybook in 2001, ROIC-based deal analysis, revenue component analysis and business unit trends. Mr. Langenberg is also a former Naval Intelligence Officer with expertise in geopolitics, logistics and trade, and uniquely integrates geopolitical analysis and macroeconomic assessment with bottom-up fundamental research. He teaches in the U.S. and Asia and serves as a mentor for the CFA Global Investment Challenge. Profile
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TWST: Could you please start with the macro and secular outlook for your space?

Mr. Langenberg: Sure. In November 2018, we outlined eight key