Sales Desk – US 877.701.2883
Sales Desk – International +353 1 525 9677
Author: Smead Capital Management
The Wall Street Journal: Cole Smead, CFA on Market Expectations for 2023
Stocks Fall as Investors Watch Debt Ceiling Talks by David Uberti For more information go to www.wsj.com. 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.
May 23, 2023
Barron’s: Cole Smead, CFA on Buying Porsche’s Stock
Buying Porsche’s Stock Isn’t Easy. How to Pick the Right One. By Al Root For more information go to www.barrons.com. Stocks mentioned: P911 The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance
May 19, 2023
BNN Bloomberg: Cole Smead, CFA on Canada Goose
We look at Canada Goose as a high ROE story: Portfolio manager Cole Smead By Andrew Bell For more information go to www.bloomberg.com. Stocks mentioned: GOOS The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice.
May 18, 2023
Bloomberg: Cole Smead, CFA on Target Sales Trends
Smead Says Short The Fools By Alix Steel and Guy Johnson For more information go to www.bloomberg.com. Stocks mentioned: TGT 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
May 18, 2023
The Canadian Press: Cole Smead, CFA on Teck Resources and Glencore
Teck says Glencore bid remains ‘non-starter,’ but leaves door open for suitors By Amanda Stephenson For more information go to www.thecanadianpressnews.ca. Stocks mentioned: GLEN The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past
April 26, 2023
BNN Bloomberg: Cole Smead, CFA on Glencore
Battle for Teck’s assets just beginning as company backtracks on split: Analysts By Holly McKenzie-Sutter For more information go to www.bloomberg.com. Stocks mentioned: GLEN The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance
April 26, 2023
The Wall Street Journal: Cole Smead, CFA on Italy’s UniCredit
How a Star Banker Supercharged a Struggling Financial Stock by Patricia Kowsmann For more information go to www.wsj.com. Stocks mentioned: UCG 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
April 25, 2023
1Q23 U.S. Value Strategy Newsletter: Picking Among Poisons: Rich-cession or Recession
As we end the first quarter of 2023, the Federal Reserve Board is trying to decide whether “to be or not to be” the inflation fighter. The stock market is struggling with an effort by the Federal Reserve Board to strangle inflation with tight monetary policy. This is in response to their ignoring inflation 18 months ago by calling it “transitory.” As James Grant said recently on Bloomberg, “They were in consensus that it was transitory and now they are in consensus that they need to tighten.” In other words, should we suffer from “outrageous” inflation or “take arms against a sea of (economic) troubles.” […]
April 15, 2023
1Q23 International Value Strategy Newsletter: Buying Unwanted Assets
To kick off the beginning of 2023, there continues to be a bias we see in equity investor portfolios. These portfolios have many of the traits investors see at the endpoints of the economy like software, consumer products and computer chips. What they often don’t own or under-own are the building blocks of the economies of the world. These tangible products drive construction, power transportation or enhance production. We believe this is particularly true in producers of oil, for the movement of goods, and the production of commodities that create most of the electricity like natural gas and coal. We get excited for the prospects surrounding this phenomenon because there is nothing better than a lack of competition in the ownership of economically-needed products. Our investors are buying unwanted assets. […]
April 15, 2023
