We review YWR's portfolio of stocks no professional investor would own, which is beating the S&P by 9%. We also highlight the stocks which could still be a Buy.
Awesome performance Erik, and I enjoyed your interview with Kevin. A couple of add-ons from me: Hedgeye's consumables team like PM in the tobacco space. Same view as you (smokeless growth) and PM is further ahead than peers in this transition (really just saying you're onto something in nicotine growth vs. PM > BAT). Total dominants blocks in the Orange Basin off Namibia / South Africa (Venus discovery) and this is shaping up to potentially be as big a basin as Guyana, just several years behind. Cheers John.
Newbie question inspired by all of these great European ideas. My understanding is that exchange rate risk exists regardless of whether one is buying European shares on local exchanges after converting USD to Euros or if buying ADRS. If that’s true, are there other advantages / disadvantages I should be aware of. I realize that some folks don’t have an IB or other account that provides access to non U.S. exchanges, but other than that. Do you have a general rule of thumb here? Thanks.
Awesome performance Erik, and I enjoyed your interview with Kevin. A couple of add-ons from me: Hedgeye's consumables team like PM in the tobacco space. Same view as you (smokeless growth) and PM is further ahead than peers in this transition (really just saying you're onto something in nicotine growth vs. PM > BAT). Total dominants blocks in the Orange Basin off Namibia / South Africa (Venus discovery) and this is shaping up to potentially be as big a basin as Guyana, just several years behind. Cheers John.
This is super helpful, Erik. I appreciate your taking the time to explain this in some depth.
Newbie question inspired by all of these great European ideas. My understanding is that exchange rate risk exists regardless of whether one is buying European shares on local exchanges after converting USD to Euros or if buying ADRS. If that’s true, are there other advantages / disadvantages I should be aware of. I realize that some folks don’t have an IB or other account that provides access to non U.S. exchanges, but other than that. Do you have a general rule of thumb here? Thanks.