As we discussed in an earlier blog post (see here) we place a high premium on direct contact with management while researching potential investments, and also as part of our ongoing work on current holdings. This was the case in a pre-pandemic world, and remains the case today, despite the...Read More
As we move firmly into hurricane season, the number of storm systems heading toward (or already making contact with) the eastern United States is already breaking records.
As the Washington Post reports, this week there were seven systems working their way across the Atlantic Ocean. This...Read More
On Thursday, August 27, 2020, Federal Reserve (Fed) Chairman Jerome Powell spoke at the highly anticipated virtual version of the Fed’s annual Jackson Hole conference. In providing an update on inflation, Mr. Powell took a majorly dovish tone and reiterated the Fed’s desire for 2% inflation,...Read More
We believe the best partnerships are built upon strong relationships between people. In order for you to get to know us better, here’s the newest addition to our “Meet the Team” blog series.
Meet Steve Labbe, Portfolio Manager and Analyst at Prospector Partners. Mr. Labbe has been with the firm...Read More
Last week, we discussed how we have been active investors in the defense industry for years. There are a number of aspects we find attractive in the industry:
- Solid free cash flow yields
- Strong growth since the 2015 budget trough following the Iraq and Afghanistan Wars and the Budget Control...
We have been active investors in the defense industry for a number of years. There are a number of aspects we find attractive in the industry:
- Solid free cash flow yields
- Strong growth since the 2015 budget trough following the Iraq and Afghanistan Wars and the Budget Control Act (BCA)
The COVID-19 global pandemic continued to have massive implications during the second quarter, as cases continued to rapidly rise in the United States. The unemployment rate reached 14.7% in April, and U.S. GDP is estimated to have contracted by over 30% in the quarter after...Read More
From publicly traded entities to mom and pop operations, restaurants have been one of the hardest hit industries during the coronavirus pandemic. With some U.S. regions facing a new surge in virus cases, restaurant business models are again under investors’ microscope.
In this blog, we share how...Read More
Multiple expansion has been a tremendous contributor to the outperformance of growth stocks since the Global Financial Crisis. Has it gone too far?
The below chart illustrates the valuation differential between deep value and high growth stocks since the late 1980s. One can see that the...Read More
We sincerely appreciate your continued interest and support of our market insights. Below we recap our three most popular blog posts of 2020. If there is a topic you would like for us to cover, please contact us.
As always, we welcome your comments or questions.
Best wishes,Prospector...Read More
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Nothing contained herein constitutes investment, legal, tax, or other advice nor should be relied upon in making an investment or other decision. Any projections, outlooks or estimates contained herein are forward looking statements based upon specific assumptions and should not be construed as indicative of any actual events that have occurred or may occur.