Investment Research

JULY 2019

The Performance of Value vs Growth: Look at Per Share Earnings and Free Cash Flow Growth

Over the long-term, value stock investments tend to outperform growth investments. Erick Rawlings, managing director, research, searches for an explanation as to why the current bull market is seemingly at odds with this historical trend.

JUNE 2019

Revisiting Earnings and Earnings Multiples as Drivers of the Equity Markets

Doug Cohen, managing director, portfolio management, began the year with a "20 Questions" (and Answers) market overview that covered pertinent capital market issues for 2019. Doug revisits these issues, returning with the two variables that determine equity prices: earnings and earnings multiples.

JUNE 2019

America’s Ice Age: Did You Know?...

What allocation would the ice harvesting industry of the 1800’s have on the Bloomberg Commodity Index? Erick Rawlings, managing director, research, visited a historic inn where an old ice house peaked a thoughtful discovery.

JUNE 2019

Developing an Approach to Portfolio Management That Is “Great by Choice”

Erick Rawlings, managing director, research, recently finished reading Jim Collins' "Great by Choice." The research and anecdotes in the book led Erick to take Collins' sound principles and apply them to portfolio management. Erick observes that within the author's five sets of company reviews, varying occurrences led companies to "10X" while other companies ended up an also-ran. What factors led to these two disparate outcomes, and how can they be valuable tools for portfolio management?

MAY 2019

Are You Up to Date on the Latest Market Moves?

Harkening back to the days of final exams and all-night cram sessions, Doug Cohen, managing director, portfolio management, shares this month’s market outlook and analysis in the form of a multiple-choice quiz. Sharpen your pencils and test your knowledge of what propelled the markets in the first quarter of 2019.