It’s hard to have conviction in a company’s direction without thorough knowledge of the people steering the ship. As such, we place a high priority on getting to know management teams before we invest with companies.
While much of what we learn from key executives comes from the hundreds of calls...
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Despite a rapid economic recovery, interest rates have stayed persistently low, and a market consensus has emerged that they will stay that way. But investors may be overlooking the outsized impact Fed asset purchases have had on rates, and what that could mean for the future.
As the chart below...
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Transitory. Anyone following the markets recently has heard the word bandied about ad nauseam, and the question of whether inflation would serve to be temporary (transitory) or more permanent has often driven the daily movements of the market.
As the debate over “transitory or not” has heated up,...
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Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they shared their views on markets, inflation, and their approach to...
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On May 25, Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they shared their views on markets, inflation and value...
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On May 25, Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they shared their views on markets, inflation and value...
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At Prospector Partners, our investment team focuses on a clear objective: maximizing risk adjusted performance while always considering the potential downside first. We are also cognizant of the fact that different clients have differing needs, and objectives, and thus will choose to compare...
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The second quarter earnings season has offered an early glimpse into what a recovering economy could mean for the financial sector, and more specifically, banks.
That news is of particular interest to Prospector, as we maintain a high allocation to financials, and the sector has been a natural area...
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Real yields are in unfamiliar territory, and the chart below provides context for just how unusual the current environment is. It also shows that historically, such periods haven’t lasted long.
The line reflects the 10-year Treasury yield minus CPI, or real yield. Currently, real yields are not...
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Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, as part of the Havener Capital Partners Boutique Week event. They discussed 2021’s...
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