Day: April 8, 2014

Management’s History of Shareholder Friendliness

Many years ago, United Airlines had the slogan, “Fly the Friendly Skies.” At Smead Capital Management, we like to own companies for a long time which are “friendly” to their public shareholders. In this missive, we will define what it means in our eyes to be shareholder friendly and give a company specific example of this friendliness.

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