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Sales Desk – US   877.701.2883
Sales Desk – International   +353 1 525 9677

US INVESTORS
Non-US INVESTORS

Author: Smead Capital Management

The Beyond Meat Market

We have written a good deal about the parallels of today’s market with the tech and telecom bubble of the late 1990’s. While no two time periods are ever the same, today’s rhymes are eerily similar in some respects, with the latest development in initial public offerings (IPOs) as the latest example. Like past market peaks that ultimately corrected due to excessive valuation levels, markets are now working to suck in fresh capital as they sell the sizzle before anyone has tasted the steak (vegetable based or not). Today’s reverence for disruption and innovation have created such myopia that we might be beyond meat altogether.

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May 14, 2019

Fortune: Bill Smead on Market Mean Reversion

Does Today’s Market Plunge Point To More Losses Ahead? By Erik Sherman For more information go to www.fortune.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

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May 7, 2019

Financial Times: Bill Smead on Warren Buffett Successors

Investors glimpse Warren Buffett successors in new Berkshire era By Eric Platt For more information go to www.ft.com. The information contained in this article represents Smead Capital Management’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee

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May 5, 2019

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
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