Nervous about the high-flying valuations of technology stocks and interested in more attractively valued sectors? Two of our three most popular blogs of 2020, below, tackled these themes, while the third featured a popular podcast featuring our founder John Gillespie and how he wound up starting...Read More
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
Prospector Partners Founder and Portfolio Manager John Gillespie learned some valuable lessons in the process of starting his own asset management firm. Many of those lessons revolved around building a strong team, culture and incentive structure, but these ideas also gave him a new perspective...Read More
Many equity investors tend to be optimists, counting on their portfolio’s winners to offset losers. Prospector founder John Gillespie has a different philosophy. Mr. Gillespie and his team spend just as much time considering what could go wrong with a stock as they do determining what could go...Read More
Earlier this year, versions of the following chart were making the rounds. The graph exhibited short interest on the SPDR S&P 500 ETF (SPY). It was mere weeks before the market would begin freefalling, and short interest was at the lowest levels since 2007.Read More
Now that the sun has set on one of the most volatile quarters in recent memory, let’s assess the damage. Broadly, large cap indices like the S&P 500 held up better during the selloff, as illustrated by the graph below.
The outperformance of large caps isn’t...Read More
We recently authored a two-part series on inflation (The Potential for a Return of Inflation), detailing how high debt levels and the Federal Reserve’s (Fed’s) unprecedented campaign of quantitative easing could eventually result in a return of inflation.
Early on March 25th, 2020, the White...Read More
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