William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: At Smead Capital Management (SCM) our contrarianism and urge to purchase stocks with low PE ratios has led us to own what we think are the finest and most recession resistant companies in the
William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: If the year 2010 gets any more like the year 1983 in the stock market, it will be us at Smead Capital Management saying “It’s déjà vu all over again,” not Yogi Berra. First,
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