TALKING STOCKS IN THE MONEY LIFE MARKET CALL
Bernie Horn of Polaris Capital returns to the MoneyLife Market Call to discuss stocks and international markets in the face of current events. He talks about how value investing suffered while the stock market was in hot-growth mode led by the Magnificent Seven. Now, however, market valuations are high, which is setting up a rotation that he believes will favor value-minded investors moving forward. Listen to the full audio at moneylifeshow.com
AMERICAN EQUITY CERTIFICATE INVESTOR FOLLOWS WORK OF SAVINGS BANK COMMITEE
In a wide-ranging interview with FinansWatch, Polaris Portfolio Manager Bin Xiao talks about the firm’s investments in Norwegian savings banks, drawn by the sector’s strong capital adequacy, stable earnings and attractive valuations. Mr. Xiao says equity certificates are well understood within Polaris, though he acknowledges some international investors struggle with the structure’s departure from the standard one-share-one-vote model. With Norway’s Ministry of Finance now weighing the Savings Bank Committee’s proposals — including potential changes to how losses are distributed — Xiao is watching closely.
IS THERE AN ACTIVE EDGE IN U.S. SMALL CAPS?
If the shiny Magnificent Seven lose their luster, investors may rotate back to small caps – yet far too many will flock to passively managed strategies with suboptimal returns. The heterogenous nature of the US small cap market (wide dispersion in valuation, quality and performance drivers) and sparse analyst coverage highlight the need for active management – potentially selecting the best and the brightest out of nearly 2,000 based in the Russell 2000.
TALKING STOCKS IN THE MONEY LIFE MARKET CALL
Bernard Horn, President and PM of Polaris, discussed the firm’s value methodology and screening approach to find companies throwing off excess cash flow. He discussed the appeal of international equities from a valuation standpoint (vs. the overheated Mag 7) before discussion turned to tariffs. Mr. Horn discussed how many companies diversified their supply chains post-COVID… hence the tarriff impact could be mitigated. Listen in June 11th: moneylifeshow.com
MAINTAINING FOCUS: THE POLARIS TEAM PROFILE
Bernard Horn, Jason Crawshaw, Samuel Horn, Kenneth Kim, Meredith Winsor, Bin Xiao and Kevin Xu, of Polaris Capital Management describe how they’re processing tariff-related turmoil, how they surface potentially mispriced ideas, and what they think the market is missing today in Loomis, Barry Callebaut, Endesa, Tecnoglass and LATAM Airlines.
MASTERCLASS: INTERNATIONAL EQUITIES (WATCH THE VIDEO HERE)
Baillie Gifford, ClearBridge, Hotchkis & Wiley, and Polaris Capital Management experts explore global equity opportunities, highlighting diversification, growth drivers, and valuation gaps in international markets. Learn more about Polaris’ focus on cash flow fundamentals, while discussion turns to small cap companies facing valuation dislocation; opportunities in diverse industries; and more…
IMPORTANT INFORMATION: This video is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. The opinions and analyses expressed in this video/transcript were those of Polaris portfolio manager Jason Crawshaw as of the tv segment/publication date (September 24, 2024) and may be subject to change. Views and opinions of Mr. Crawshaw expressed herein do not necessarily state or reflect those of Polaris Capital Management, LLC, and are not, nor shall be, used for advertising or product endorsement purposes. Information, particularly facts and figures, are dated and in many cases, outdated. Certain information expressed represents an assessment at a specific point in time and is not intended to be a forecast or guarantee of future results, nor is intended to speak to any future periods. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. This does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product, nor does it constitute a recommendation to invest in any particular security.
Polaris Capital Management, LLC makes no warranty or representation, expressed or implied; nor does Polaris accept any liability, with respect to the information and data set forth herein, and Polaris specifically disclaims any duty to update any of the information and data contained in the tv segment/publication. This information and data do not constitute legal, tax, account, investment or other professional advice. Polaris Capital Management, LLC is an investment adviser registered with the Securities and Exchange Commission.
LIVESTREAM REPLAY: INTERNATIONAL EQUITIES: SHIFTING PERSPECTIVES
When gazing at a world of equity market opportunities, what focuses the eye beyond home shores? Citywire’s latest Due Diligence Report panel includes international investing insights from Polaris founder Bernard R. Horn Jr.
STRATEGIES FOR INVESTING IN CHINA
On the backdrop of a weaker-than-expected recovery in China, questions have emerged about the best investment opportunities in the region. Bin Xiao, Portfolio Manager with Polaris, discussed the investment potential and pitfalls, highlighting over-competition and corporate governance concerns. He referenced interest in software and hardware in high-tech sectors and manufacturing within China.
BERNARD HORN EXITS HYUNDAI MOBIS, BOOSTS HORIZON THERAPEUTICS
GuruFocus describes Polaris’ efforts to “generate strong risk-adjusted returns and capital appreciation” by investing in discounted but high-quality stocks in developed as well as emerging markets. Among the the latest quarterly buys and sells from Polaris and Bernard Horn (who was the featured speaker at the 2023 GuruFocus Seminar), were Teleperformance, Tecnoglass, TotalEnergies and Cullen/Frost Bankers. The company exited Hyundai Mobis.
THE LARGEST MONEY MANAGERS OF 2023
Polaris Capital Management, LLC, a leading global equity manager headquartered in Boston, was named among the largest money money managers in 2023. Managers were ranked by total worldwide institutional assets under management through December 31, 2022.
7 BEST MINING STOCKS FOR THE ENERGY TRANSITION
Sam Horn, senior investment analyst with Polaris, talks about a number of copper stocks that take advantage of the energy transition. “Copper is at the core of all types of renewable energy initiatives: EVs, wind farms, turbines and fuel-efficient airplane engines,” he notes. But extracting copper is hard work, with mountainside mines and limited water sources in far-flung locations. Dominant players in the copper industry are primed for success, taking advantage of the supply-demand constraints.
A LOOK AT BERNARD HORN’S TOP HOLDINGS AHEAD OF VALUE CONFERENCE
The guru will be one of the keynote speakers during the annual event in May 2023
Bernie Horn, portfolio manager for Polaris Capital, seeks to generate strong risk-adjusted returns and capital appreciation by investing in discounted but high-quality stocks in developed and emerging markets. To learn more about Polaris’ current holdings in its global and international portfolios, please visit www.gurufocus.com.
10 BEST ENERGY STOCKS TO BUY IN 2023
Renewable energy (solar, wind) sources (and the accompanying battery storage) can’t power current needs. Sam Horn, senior investment analyst with Polaris Capital, discussed the issue at length, pointing out the hurdles and expenses involved in renewable electricity storage capacity, while highlighting liquified natural gas as a transition fuel. He subsequently discussed a number oil/gas companies in the U.S. that are working to make their production greener.
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IMPORTANT INFO: RETIREMENT CALCULATOR
The retirement calculator is a model or tool intended for informational and educational purposes only, and does not constitute professional, financial or investment advice. This model may be helpful in formulating your future plans, but does not constitute a complete financial plan. We strongly recommend that you seek the advice of a financial services professional who has a fiduciary relationship with you before making any type of investment or significant financial decision. We, at Polaris Capital, do not serve in this role for you. We also encourage you to review your investment strategy periodically as your financial circumstances change.
This model is provided as a rough approximation of future financial performance that you may encounter in reaching your retirement goals. The results presented by this model are hypothetical and may not reflect the actual growth of your own investments. Polaris strives to keep its information and tools accurate and up-to-date.
The information presented is based on objective analysis, but may not be the same that you find at a particular financial institution, service provider or specific product’s site. Polaris Capital and its employees are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this tool. Polaris is not responsible for any human or mechanical errors or omissions. All content, calculations, estimates, and forecasts are presented without express or implied warranties, including, but not limited to, any implied warranties of merchantability and fitness for a particular purpose or otherwise.
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DISCLAIMER: You are about to leave the Polaris Capital Management, LLC website and will be taken to the PCM Global Funds ICAV website. By accepting, you are consenting to being directed to the PCM Global Funds ICAV website for non-U.S. investors only.