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Author: Smead Capital Management

Clash of the Titans

We believe the U.S. stock market will come down to a clash between one very positive forward-looking set of facts and a very negative set over the next ten years. Demographics argue for a much stronger economy, higher interest rates and a change in dynamics associated with stock market popularity. The parabolic move the last five years in e-commerce and other tech-related securities has unknowingly cursed forward-index performance and turned a whole generation of investors into growth stock aficionados.

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April 30, 2019

Yahoo Finance: Cole Smead, CFA on Amazon Q1 Earnings

Amazon Crushes Q1 Earnings as it Announces One-Day Prime Shipping Hosted by Adam Shapiro, Julie Hyman, Brian Cheung, Dan Howley 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

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April 26, 2019

Fortune: Cole Smead, CFA on Free Cash Flow of Netflix

Why Netflix Is Binging On Junk Bonds By Erik Sherman For more information go to www.fortune.com. Stocks mentioned: NFLX 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

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April 24, 2019

CNBC Asia Squawk Box: Bill Smead on Market “Crazy Stage”

Upcoming initial public offerings are ‘maniacal’: Investor Hosted by Christine Tan Stocks mentioned: EBAY 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

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April 22, 2019

1Q19 Newsletter: Stock Market Morality

Virtually every major athletic and business endeavor has been governed over long periods of time by a set of standards or morals. In basketball it helps to be tall, in baseball it helps to run fast and throw hard and in football it helps to be physically strong. In business it helps to have capital, sales, profits and free cash flow. We believe that the morality of common stock investing gets unhinged after an extended period of easy money and low interest rates.

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April 15, 2019

CNN Business: Cole Smead, CFA on Recent Tech IPOs

Uber IPO filing: What’s under the hood? By Richard Quest Click here to view. 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

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April 12, 2019

CNBC The Exchange: Bill Smead on Helping the Middle Class

Best way to help the middle class is a big increase household… Hosted by Kelly Evans 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

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April 12, 2019

Fox Business: Tony Scherrer, CFA on Wells Fargo

Wells Fargo’s task in CEO search? Find the next Jamie Dimon By Joe Williams Stocks mentioned: WFC For more information go to www.bloomberg.com. The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance

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April 2, 2019
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