Author: Smead Capital Management

CNBC Markets Now Europe: Cole Smead on Banks

European banks need to work on returns on assets and equity: Pro Hosted by Steve Sedgwick 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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TheStreet.com: Tony Scherrer on underowned banks

Bank CEOs Are Taking Advantage of the Post-Election Trump Rally By Natalie Walters Stocks Mentioned: BAC, GS, JPM, MS, WFC For more information go to www.thestreet.com. The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment

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Bloomberg Daybreak Asia: Bill Smead on US value stocks

Bill Smead: There’s a Lot of Value in U.S. Stocks By Julie Hyman and Yvonne Man For more information go to www.bloomberg.com. Stocks Mentioned: DHI The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice.

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The Frightful Five and Investors’ Lament

We are great admirers of the writing of the elite business publications like The New York Times and The Wall Street Journal. They recently stepped into one of our favorite subjects, technology company hegemony, which has developed in the business world in recent years. Here is Webster’s definition of hegemony:

Hegemony. 1 : preponderant influence or authority over others : domination 2 : the social, cultural, ideological, or economic influence exerted by a dominant group.

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CNBC Closing Bell: Bill Smead on Banks Post-Election

On eve of bank earnings, experts are bullish Hosted by Bill Griffeth and Sara Eisen For more information go to www.cnbc.com. Stocks mentioned: BAC, C, JPM, WFC The information contained in this tv appearance represents SCM’s opinions, and should not be construed as personalized or

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Mean Reversion and The Bell Curve

Over a three-year time period, stock prices tend to mean revert. This has spawned numerous investment approaches which try to squeeze capital gains out of those reversions. Classic deep value investing, as popularized by Benjamin Graham at Columbia Business School, taught that you would succeed by buying fifty-cent dollars and selling them when and if they reverted to the mean. The “Dogs of the Dow”strategy of buying the ten highest yielding Dow stocks was born out of mean reversion.

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