Author: Smead Capital Management

Reuters: CIO Bill Smead discusses BAC earnings

Litigation costs hit Bank of America’s quarterly profit By Peter Rudegeair For more information go to www.reuters.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.

⟶ Keep Reading

CNBC: Managing Director, Cole Smead, talks banking

World Wide Exchange hosted by Sri Jegarajah & Louisa Bojesen   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 identified and described

⟶ Keep Reading

The Over-Capitalization Curse

At Smead Capital Management we are conscious of the few, but significant pitfalls which we believe exist for the long-duration common stock investor. One of the main pitfalls we want to avoid is the over-capitalization curse. This is a situation where investor enthusiasm gets very high, prices get historically high and investors drown the company, industry or sector with capital. In our experience, it pays to avoid the over-capitalized areas for as long as five to ten years as they work their way back to being hated and contentious.

⟶ Keep Reading

I Love Technology, but I Love LaFawnduh More

The first time I saw the movie, Napolean Dynamite, I walked out of the theater before the final wedding scene. This caused me to miss Napolean’s brother Kip singing “Always and Forever” to his new bride, LaFawnduh. The key line in the song was, “I love technology, but not as much as you, you see!” Kip found LaFawnduh “in a chat room,” which indebted him to technology.

⟶ Keep Reading

CNBC: Bill Smead discusses banks

I love this ‘damnable’ bank stock: Fund manager By Matthew J. Belvedere For more information go to www.cnbc.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

⟶ Keep Reading

The Orphaned Bull Market

Howard Gold is an inquisitive writer for Marketwatch.com and we think has done us all a great favor in his latest column titled, “Not even a bull market can interest people in stocks.” He points out via the chart below that—despite a huge rebound the last five years in US common stocks—equity holdings as a percentage of global investable assets just climbed to levels only seen at major stock market low points. Relative to the past 50 years, this stock market has been abandoned and orphaned even as it had made participants wealthy.

⟶ Keep Reading
Scroll to Top