Smead Blog

The investment marketplace suffers from information overload. Smead Capital Management seeks to cut through the cacophony of other media resources to focus on what is important to long-term common stock ownership. This comes through our missives, quarterly newsletters and appearances in the media to provide thought leadership for our potential and current investors.

People Need People

[…] Barbra Streisand sang it best; academic studies prove that people who get normal human interaction have much better mental health. Despite this fact, investors have been scrambling to capitalize companies which benefit from people voluntarily imprisoning themselves in their own homes. Work from home, exercise from home, cook from home, movies from home, sports from home and just about everything else from home is all the rage. Every newbie tech company attached to this phenomenon is capitalized at an enormous price-to-sales ratio and a huge price-to-earnings ratio, if they have one. […]

11/24/20 by

Barron’s: Bill Smead on Simon Property Group (SPG)

The Mall Isn’t Dead. Why It’s Time to Buy Simon Property Stock. By Teresa Rivas For more information go to www.barrons.com. Stocks mentioned: SPG The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results. The securities identified […]

11/20/20 by

One Helluva Party

While the designs and lifestyles around us are changing, the human experience is constant. We are born, we age, we meet many people (including for most our spouse(s)), we procreate, and we die. This chain has not been broken for 10,000 years! While this seems so simple on its face, many confuse their experience for something more unique. In academia, some may term this ‘chronological snobbery’. In the investment business, we call it financial euphoria. The number one cause of stock market failure!

11/17/20 by

Bloomberg: Bill Smead on Malls During Covid-19

Mall Investors See Reason for Hope With Simon Deal, Vaccine News By Natalie Wong and John Gittelsohn For more information go to www.bloomberg.com. Stocks mentioned: MAC, SPG The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results. The […]

11/16/20 by

CNBC Squawk Box Asia: Bill Smead on Buyers of Pandemic-Driven Stocks

Buyers of pandemic-driven stocks may be ‘late to the party’: Portfolio manager Hosted by Sri Jegarajah For more information go to www.cnbc.com. The information contained in this tv appearance represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results. The securities identified and […]

11/16/20 by