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.

TD Ameritrade: Bill Smead on Homebuilders

Bill Smead Says Covid-19 Is A Home Building Catalyst, Not The Story Hosted by Oliver Renick For more information go to www.tdameritradenetwork.com. Stocks mentioned: DHI, LEN, HD 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 […]

12/21/20 by

CNBC The Exchange: Bill Smead on Not Owning the S&P 500

Bill Smead doesn’t want to own the S&P 500 — Here’s where he’s investing instead Hosted by Kelly Evans For more information go to www.cnbc.com. Stocks mentioned: CVX, SPG, UHAL, AMGN 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 […]

12/14/20 by

Net Present Value Bargains

[…] The publicly-traded home builders, whose market share and moat grow by the minute, make up only a scant 0.23% of the S&P 500. At Smead Capital Management, we are practicing what Warren Buffett describes as the Mae West Theory, “too much of a good thing can be wonderful.” We currently own around 14% of our portfolio in home builders. As they prosper the next ten years and interest rates rise as a result of Millennial household formation, this could be one of the few industry groups which won’t suffer from valuation contraction. […]

12/08/20 by

Reminiscences of an eBay Operator

[…] Heed this advice for the current stock market activities: Fear stock market failure! Wall Street is pumping out IPOs, SPACs and all kinds of neat, shiny ornaments. They are selling what is in season. To name a few of these themes: WFH (work from home), TAM (total addressable market), food delivery, eGaming, remote learning and technology dependence. These are wonderful slogans for selling ornaments to willing buyers. […]

12/01/20 by

CNBC: Bill Smead on Stay-at-Home Stocks

Here’s why Peloton and Zoom could still have room to run in a post-pandemic world By Annie Palmer 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 results. The securities identified […]

11/25/20 by