Smead Blog

The investment marketplace suffers from information overload. Smead Capital Management seeks to cut through the cacophony of other media resources to focus on what is important to long-term common stock ownership. This comes through our missives, quarterly newsletters and appearances in the media to provide thought leadership for our potential and current investors.

Cheddar: Cole Smead, CFA on Stock Market Disparity

Stocks Close Higher, S&P Approaching All-Time Record Host: Brad Smith For more information go to www.cheddar.com. Stocks mentioned: MAC, SPG 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 and described in this article […]

08/05/20 by

Economic Normality: When? Sooner? Never?

In the time since COVID-19 hit the economy and stock market, there has been three phases. First, the question was ‘when’ will the economy return to pre-COVID normal? Next came ‘sooner or later’? Recently, we have moved to ‘will the economy ever come back’? For long-duration investors like us, what are the investment implications in where we are now in a U.S. stock market with many securities priced for ‘never’?

08/04/20 by

Bloomberg Technology: Bill Smead on eBay’s Growth

EBay CEO’s Early Wins Have Yet to Erase Wall Street’s Doubts By Spencer Soper For more information go to www.bloomberg.com. Stock’s Mentioned: EBAY 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 and described […]

07/29/20 by

True Stories of Financial Euphoria Circa 1998-1999

When you are in a financial euphoria episode, like the one we are in currently, it is hard to visualize the impact it has when it breaks. Historically, it is the leading cause of stock market failure. We thought it would be helpful to discuss the secondary impact of the euphoria on common stocks. What do companies not in the center of the euphoria do when the fever breaks? How much portfolio adjustment do you need to do to protect yourself? What are the investment implications of owning common stocks whose prices have been inflated by mania, but are not in the center of the storm?

07/28/20 by

Citywire Selector: Bill Smead on Value Revival

‘Buffett unlikely to have been more scared than he was in March’ Citywire by Sam Simmons For more information go to www.citywireselector.com. Stocks mentioned: BRK.B   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. […]

07/22/20 by