Author: Smead Capital Management

Antitrust “Internet Style”

We consider ourselves excellent spectators of competition and look forward to March Madness this month. We are reminded that these very competitive games can’t take place unless there are rules and referees to officiate. Our long-time readers are aware that we have warned of the danger surrounding the aggregation of power by the monopolistic tech behemoths. In the last week, March 11-17, 2019, everyone from Senator Elizabeth Warren to The Wall Street Journal editorialist, Andy Kessler, to Arizona State Attorney General, Mark Brnovich, have weighed in on the subject of the rules surrounding competition in business and who should be officiating. We would like to reexplain our position on this subject, because we believe it is a most critical question in U.S. long-term economic success, in economic inequality and in where to invest in the U.S. stock market.

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Bloomberg: Bill Smead on Wells Fargo

Wells Fargo’s Other Post-Scandal Problem: Less-Productive Staff By Hannah Levitt 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 is no guarantee of

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Bloomberg Radio: Cole Smead, CFA on Shifting Demographics

Markets Ignoring Shift in Demographics (Radio) Hosted by Rishaad Salamat and Doug Krizner 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 is no guarantee of

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Bloomberg: Bill Smead on ECB Guidance

Okada, Smead on ECB Guidance, Markets By Alix Steel and David Westin 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 is no guarantee of future

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Barron’s: Tony Scherrer, CFA on the Target Earnings

Target Stock Soars on Blowout Earnings Report By Teresa Rivas For more information go to www.barrons.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 of

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CNBC Closing Bell: Tony Scherrer on Valuation

Expert explains why the biggest problem is valuation Hosted by Wilfred Frost and Contessa Brewer Stocks mentioned: DISCA, NVR, BAC 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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Bankrate: Bill Smead on American Express

7 best stocks to buy in March 2019 By James Royal For more information go to www.bankrate.com. Stocks mentioned: AXP 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

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