"Equities"

Staying the course

Submitted by haydn on Wed, 12/07/2022 - 16:04

In the challenging macroeconomic environment, distractions are everywhere. While we are aware of the prevailing market conditions, our focus remains on identifying and investing in a select universe of companies that meet our four investment pillars:

Tags

The Numbers Game: Risks hiding in plain sight

Submitted by haydn on Wed, 12/07/2022 - 14:41

Are earnings estimates too high? It’s a question being repeatedly asked, as the market speculates about the economic outlook. But perhaps the first question should be: are historic earnings too high?

It isn’t uncommon for management teams to systemically overstate their company’s profitability and skew the starting point for evaluating a company’s outlook. In recent years, short-term narratives have often trumped financial reality.

Tags

Staying the course
By Luke Davrain, CFA
Be an investor not a speculator
By Bob Desmond, CFA
Winning the war on talent
By Luke Davrain, CFA
A company entering 2022 in high spirits
By Chris Hernandez
Making up the numbers
By Bob Desmond, CFA
Lowe’s – moving from good to great
By Bob Desmond, CFA