Investor Essentials Daily

For many investors, relative performance and relative valuation analysis are key to knowing which stocks look expensive and cheap...

Here are some of the actual headlines during the bear market side of that cycle: “Financial Contagion Spreads”, “Major Brokerage Nearly Collapses”, “Interest Rates Soar”...

One of the greatest investors of all time attributes most of his investing success to learning under a failed playwright...

This company has created brands that have become synonymous with the categories it owns. Because of this the company has been able to produce steady and strong profitability...

This company’s stock and bonds have both performed extremely well thanks to an improved credit position and the boom in AI. However, Moody’s is STILL incorrectly misrating the name...

The market’s stock price implies that this company can keep selling pickaxes instead of mining for gold. TRUE uniform UAFRS-based margin analysis shows that the firm is still losing anyway...

A Powerful Macroeconomic Chart for Recession Detection That You’ve Probably Never Seen Before… it’s what we show clients who are worried about a recession....

Thank you so much for having been a Valens Research Institutional Daily reader. We’re excited to continue to bring you interesting, insightful, and still free essential investor insights, as we turn...

Google at the time, Alphabet (GOOGL) now, was a great success on our Conviction Long Idea list from 2013 to 2019, when it was up almost 140%. While we were recommending the company in 2013, we became exceptionally bullish...

Dwight D. Eisenhower was not just a great general, he was a visionary. In 1919, after World War I came to a close, as a Lieutenant Colonel he was assigned as an observer to the First Transcontinental Motor Convoy. This was a road test...

We often get the question from clients “so if I just reverse your long screen, is that what you’d recommend as a short?”...

On November 17, 2015, Canadian Pacific (TSX:CP) offered to acquire Norfolk Southern (NSC) for $37 billion. Up until 2014 the company had benefited from tailwinds from a rare...

Each year, we spend several weekends teaching classes in MBA programs across the US, and sometimes globally. One of the two main classes we teach is on Return Driven Strategy, or RDS...

In the land of distribution, especially food distribution, inflation and volumes are king. The way a distributor makes money, quite simply, is by being the warehouse and logistics connection between sellers and buyers...

One of a value investor’s favorite screens is looking at the list of companies that just hit a 52-week low. When a company is trading at the bottom of its recent trading range, it can be a sign it is time to dig in, as Mr. Market has overreacted about...

In our recent Institutional Daily articles on Range Resources and on Ford we highlighted how important a company’s book assets are as a floor to valuations. Generally, companies do not trade below 0.7x their Uniform (UAFRS) book assets...

For homeowners, contractors, and investors, you don’t mention Home Depot without mentioning Lowe’s immediately before, or after. “Lowe’s and Home Depot” have xyz, or are doing abc, or are great places to go for efg. But in reality...

Often in finance we talk about companies either being “pick axe sellers” or “arms dealers”, and people being “gold miners” or people in the middle of a “war.” The idea is that in a massive growing market...

If you’ve been in a business class in the past 20 years, or read any book on great companies, you’ve probably heard about the “razorblade model.”...

Rockwell Automation (ROK) has had impressive Uniform Returns for the past 15 years, and in particular the past 8. Since 2011, Rockwell has consistently been able to produce Uniform ROA above 20% a year, year in, year out...